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Why Jack Ma Travelled To Kenya And Rwanda With 38 Chinese Billionaires

Jack Ma

Asia’s richest man and founder of Alibaba Group,  Jack Ma is on a two-day trip to east Africa, visiting Kenya and Rwanda with 38 fellow Chinese billionaires, all no doubt poised with expensive fountain pens, ready to ink billion dollar deals. Check also: Alibaba spends $4.6B to Acquire 20% stake in Suning East Africa has become an attractive investment destination in recent years, ...

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Uganda And Tanzania Plan To Build Electric Railway Lines

electric railway

Uganda and Tanzania are looking to incorporate electric railway lines into their standard gauge railway transport network. Check also: Nigeria To Build A $2.4billion Lagos Red Line Rail Project According to the East African newspaper, the two countries are planning to upgrade the SGR project after its installment to electric lines. However, this will depend on the availability of sufficient energy supply. ...

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Kampala Landlords Threaten To Close Shops Due To Property Tax Increase

kampala shops on tax

Kampala — Kampala Capital City Authority ( KCCA ) has increased the amount of money by three times what it charges in property tax, a move that could lead landlords passing on the burden to tenants through rent. Check also: Why You Should Stop In Kampala First Before You Move To Other Parts Of Uganda A landlord, who has been paying ...

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Top 6 Strongest Currencies On The African Continent

south a. currencies

The strength or value of a currency is an index of its purchasing power, reflecting the current economic situation of a country in comparison with other countries in the world. Using the dollar as a benchmark, here Face2Face Africa ranks the seven strongest currencies in Africa. Check also: This is What Will Happen When You Give Money To The Poor The list includes ...

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Uhuru Kenyatta’s CBA Bank In Bid To Buy Kigali Lender

cba

Commercial Bank of Africa ( CBA ), which is majority-owned by the Kenyatta family, is in the running to acquire the Rwandese subsidiary of Uganda’s Crane Bank in what marks the latest expansion of the wealthy family’s empire. Check also: Uhuru Kenyatta’s Family To Buy Stake In Distressed Bank In DR Congo CBA already operates an equivalent of mobile banking service ...

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