Finance

Uganda budget to tackle high price increases

Uganda, budget, tackle, high, price, increases, PAC, Syda Bbumba, Nandala Mafabi

Uganda's Finance minister Syda Bbumba is expected in the next few weeks to present the 2011/2012 national budget amidst the spiralling cost of fuel, food and other basic commodities prices that have affected most of the people struggling to earn a living leading to protests in various parts of the country

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IMF forecasts $10bn in exports for Zambia

IMF, forecasts, $10bn, exports, Zambia, economy, africa, china, investments, imports

Zambia is one of the world's fastest growing economies, with the International Monetary Fund projecting $10.4bn in exports over the next 10 years, placing it among Africa's top performers and giving it a credit rating that rivals Kenya, Ghana, and Angola

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Rating on Development Bank of Southern Africa affirmed at 'BBB+'; outlook stable

Rating, standard &  poor, standard and poor, Development, Bank, Southern, Africa, 'BBB+'; outlook, stable, south, DBSA, SADC

Standard & Poor's Ratings Services have affirmed its 'BBB+' long-term foreign currency issuer credit rating on the Development Bank of Southern Africa as well as the 'A' long-term local currency rating

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Egyptian factory for jobs and economic growth

Egyptian_faIFC, loans, construction, chemical, factory, Egypt, Red Sea coast, Indian-Egyptian, joint, venture, develop, cross-border, trade

IFC is providing up to $35mn in loans toward the construction of a new chemical factory near Egypt’s Red Sea coast, an Indian-Egyptian joint venture that will employ hundreds of people, spur the local economy and help develop cross-border trade

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Bank drives regional telecoms expansion

telecommunications, infrastructure, East Africa, Altech Kenya, Data, Networks, (KDN) funding, arrangement, Standard, Bank

The drive to implement more telecommunications infrastructure across East Africa has been boosted with the announcement that Altech Kenya Data Networks (KDN) has entered into a funding arrangement for capital expansion over a three year period through Standard Bank

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