Tag: Tanzania

Ecobank shareholders approve resolutions as Chairman hails improved outlook

Ecobank shareholders approve resolutions as Chairman hails improved outlook

AFRICA, BUSINESS
LOME, TogoEcobank Transnational Incorporated, parent of the Ecobank Group, the leading pan-African bank with operations in 36 countries across the continent, has concluded its 30th Annual General Meeting in Lomé, Togo. Our digitisation strategy is rapidly yielding results that are putting Ecobank firmly on its path to becoming the digital bank of choice across its pan African territories Shareholders welcomed Ecobank’s return to profit for the year to 31 December 2017 as they approved all the resolutions at the AGM, which included the ratification of the co-option of Messrs. Monish Dutt, Brian Kennedy and David O’Sullivan as Directors. They are nominees of the International Finance Corporation, Nedbank Group and Qatar National Bank respectively. The firms Deloitte and Touch
President Kenyatta asks counties to embrace prudent use of resources.

President Kenyatta asks counties to embrace prudent use of resources.

AFRICA, BUSINESS, EAST AFRICA, KENYA
Kakamega, Kenya Kenya's President Uhuru Kenyatta has asked governors to prudently utilize resources allocated to the devolved units to ensure Kenyans receive efficient and effective services. The President emphasized that all the revenue collected at the national and county government levels through taxation must be put into proper use, saying the move will bolster achievement of the Big Four Agenda.. He said corruption, lethargy and sloth in the two tiers of government will not be tolerated and those engaging in the vices will have to carry their own cross. “We must, therefore, be prudent: every cent of revenue collected must return maximum impact on the welfare of taxpayers,” said President Kenyatta during the opening of the 5th Devolution Conference at Kakamega High School, tod
President Kenyatta launches Ksh 50 billion programmes to boost service delivery in counties

President Kenyatta launches Ksh 50 billion programmes to boost service delivery in counties

AFRICA, EAST AFRICA, KENYA
Kakamega,  Kenya Kenya's President Uhuru Kenyatta has launched two programmes that will see the National Government inject Ksh 50 billion as performance based conditional grants to boost the capacity of county governments to deliver quality services to Kenyans. The President announced the launch of the Kenya Devolution Support Programme and the Kenya Urban Support Programme in a speech delivered during the opening of the 5th Annual Devolution Conference in Kakamega. “Both, combined, will inject Ksh 50 billion into your county governments, to help you build and improve the systems that support your staff, and your delivery of services,” the President told county governments. He added: “Just like us in the National Government, you must also strive to perform to the very highest standar
Ecobank launches Fintech Challenge competition for African start-ups

Ecobank launches Fintech Challenge competition for African start-ups

AFRICA, BUSINESS
  LOME, TogoEcobank , the leading pan African banking group, is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge. Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling out their solutions across Ecobank’s 33 markets. Ecobank is currently welcoming submissions from all start ups and developers in any of Africa’s 54 countries to enter its 2018 Ecobank Fintech Challenge at http://EcobankFintech.com 10 Finalists will be selected to participate in an Awards and Innovation Fair at the global headquarters of Ecobank in Lomé, Togo in July 2018. Following a series of pitches from the finalists, a panel of judges will select the top three winner
Anglophone West Africa’s brightening economic prospects

Anglophone West Africa’s brightening economic prospects

AFRICA, BUSINESS
LOME, TogoThe economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s  research team in the newly published Anglophone West Africa section of its flagship financial website. Nigeria, Africa’s largest economy, is at last moving out of recession, Ghana’s growth continues to be strong, and the region’s smaller countries are picking up as they shake off the lingering effects of the Ebola outbreak in 2013-16. Anglophone West Africa, which stretches from Gambia in the West to Nigeria in the East, is the second regional section of the website to go live. It covers six countries Ghana, Guinea, Liberia , Nigeria , Sierra Leone and Gambia and encompasses the West African Monetary Zone, which draws together the mostly English speaking countries
African cities tackle food and nutrition security challenges

African cities tackle food and nutrition security challenges

AFRICA, BUSINESS, EAST AFRICA
DURBAN, South AfricaMore than half of Sub Saharan Africa (SSA) population could be living in urban areas by 2050 posing huge challenges for poor towns and cities, which already face challenges such as poverty and inequalities. These are coupled with growing levels of food insecurity and malnutrition in a context of high vulnerability to climate change. In preparation for the challenges attendant to rapid urbanization, some SSA local authorities have started implementing initiatives that improve food security and nutrition through ‘city to city’ collaboration and South-South and Triangular Cooperation (SSTC). These initiatives will see all actors in the food chain, including, consumers, producers, processors, traders and retailers, acquiring new skills and opportunities through th
Boost for German-Tanzanian business and investment ties

Boost for German-Tanzanian business and investment ties

AFRICA, BUSINESS, EAST AFRICA, INTERNATIONAL, TANZANIA
DAR ES SALAAM, TanzaniaTo promote and facilitate business relations between Germany and Tanzania, the Association of German Chambers of Commerce and Industry (DIHK), has officially opened an office in Dar es Salaam under the name of “AHK Services Eastern Africa Ltd. The office will foster German-Tanzanian trade relations and be a focal point for German companies looking for business opportunities in Tanzania and vice versa. The office will be headed by Dr. Jennifer Schwarz and will offer a broad range of services to Tanzanian and German companies. Tanzania is a rapidly growing emerging market and offers tremendous opportunities for German businesses On the occasion of the official opening, a high ranking delegation from Germany visited Dar es Salaam. The delegation was head
Reject foreign cultures-Cecilia Ogwal

Reject foreign cultures-Cecilia Ogwal

AFRICA, EDUCATION, INTERNATIONAL, KENYA, TANZANIA, UGANDA
Kampala, Uganda African youth must reject foreign cultures and traditions including homosexuality as they prepare to take up leadership positions on the continent, Parliamentary Commissioner Cecilia Atim Ogwal has said. Speaking at the opening of the 4th Commonwealth Parliamentary Association (Africa Region) Youth Parliament, Hon. Ogwal warned that accepting the foreign cultures would be selling the future of Africa. “If you have started homosexuality, it’s not too late to stop it and preach to others to stop it,” said Ogwal adding that “If we do not do this, then we will already have sold our future.” The 4th Commonwealth Parliamentary Association (Africa Region) Youth Parliament has attracted participants from Botswana, Ghana, Kenya, Malawi, Mauritius, Nigeria, South Afri
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