Rwanda's only Kinyarwanda tri-weekly, Izuba Rirashe, on August 16 marked one year of existence. The paper is a sister publication of The New Times, Rwanda's only daily.

The first day of the NMB Bank initial public offer (IPO) was marked by a low turnout from lower income earners, the group that the bank says is its primary target.

The Wekeza Maisha unit value gained to Sh112.6015 on Friday last week from Sh112.3607 the previous Friday, continuing the trend for four weeks straight. The scheme was selling a unit at Sh112.6015 on Friday last week, up from Sh112.3607 the

UGANDAN taxpayers may foot $400m (over sh640b) if the Government loses a case against an Indian investor.

BAKHERESA Grain Milling has sued the Uganda Railways Corporation over the 840 tonnes of wheat that were destroyed when MV Kabalega sank in Lake Victoria in 2005.

When Jennifer Natukunda took a loan to partly finance her investment in Safaricom touted as East Africa's most profitable company, she had a strategy: To sell off half of her shares on the first day of trading; repay the bank

Some employees of the Water Utilities Corporation are anxiously awaiting implementation of the recommendations of Gemini Consulting. Gemini was engaged early this year to assess the corporation's organisational structure in relation to national and international practices, and to develop human

Oversupply of Safaricom shares at the Nairobi Stock Exchange has caused the stock to perform below the expectations of some investors. The stock, last week, plunged to a record low of KShs4.95 (August, 12) in what analysts believe is due

Canadian firm Vangold Resou-rces Ltd has reported that it has signed a service agreement with New Resolution Geophysics, a South African company, to conduct a new survey for gas in the Kivu Graben of Rwanda.

Shareholders of Uganda Clays Ltd, the country's oldest supplier of construction materials, finally voted for a second share split last week and also endorsed its regional expansion plans.

AAR, East Africa's largest health management organisation, has resumed full operations in Rwanda with a $500,000 investment following its licensing as a medical insurance company by the National Bank of Rwanda.

MTN Uganda has delivered what it believes will be a decisive blow traded in the tariff war that has been going on in the country's four-operator markets.

One of the oldest names in Kenya's wines and spirits industry, Kenya Wine Agencies Ltd, is under pressure to sell shares to a strategic equity partner.

Balancing Act, a London based consultancy and research firm, has named Gateway Television (GTV) the favourite satellite pay-TV channel in Africa.

Kobil Petroleum Rwanda, a fully-owned subsidiary of the Kenya's Kenol Kobil Group, has consolidated its oil market leadership position by acquiring all the service stations of Stippag, a local petroleum company.

The Kenya Commercial Bank is to widen its regional reach by venturing into Rwanda and Burundi in the next one year.

The Nigeria Football League and Nexune Limited have signed a Memorandum of Understanding (MOU) on a Ballstats project that will eventually earn the NFL 36 million naira.

Access Kenya has introduced a new Internet product that caters for a variety of social, education and recreation needs.

Air Uganda is looking to expand into new markets while reducing capacity on loss making routes as the eight-month-old carrier struggles to cope with rising fuel prices.

Swissport Tanzania Ltd -- the majority shareholders of Dar es Salaam Handling Company (Dahaco) -- has registered a pre-tax profit of Tsh2.9 billion ($2.5 million) in the six months ended June 30, up from Tsh2.7 billion ($2.3 million) in the