Growth

MOBILE MONEY IN UGANDA TO ATTRACT DEBT INVESTORS

Posted on by Gambeta News
MOBILE MONEY IN UGANDA TO ATTRACT DEBT INVESTORS

Uganda’s mobile money platform will help attract debt investors. Uganda is planning to use mobile money platforms to sell government securities to its citizens. The government said the mobile money platform will help reduce the dependence on commercial banks and institutional investors for funding. The Ugandan government also believes the initiative will help boost savings and investments; especially among its citizens and this will in turn also drive economic growth. In Uganda many people do not…

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ETHIOPIA TO BECOME AFRICA’S FASTEST GROWING ECONOMY

Posted on by Gambeta News
ETHIOPIA TO BECOME AFRICA’S FASTEST GROWING ECONOMY

Ethiopia to become 2018 Africa’s fastest growing economy. Latest IMF forecasts reveals that Ethiopia will overtake Ghana as the fastest growing economy in 2018. Bretton Woods institution data shows that Ethiopia will record an 8.5 percent growth rate. This will eventually surpass Ghana’s 6.3 percent growth rate. According IMF, entry of investors such as General Electric Co, Standard Group, as well as other Chinese companies into the Ethiopian economy will further stimulate the country’s US$73 billion GDP. This GDP…

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AFREXIMBANK TO BOOST AFRICA’S AVIATION INFRASTRUCTURE

Posted on by Gambeta News
AFREXIMBANK TO BOOST AFRICA’S AVIATION INFRASTRUCTURE

Afreximbank pledges to support Africa’s Aviation sector The African Export-Import Bank (Afreximbank) in partnership with the Russian Export Center (REC), embarked on a five-day roadshow. The road show took place in Nairobi, Kenya, through Kampala, Lagos, Abuja and Bamako. This event is part of efforts of the organizing bodies to improve the air transport infrastructure in Africa. Its intent is also to raise the profile of  cutting-edge Russian aircraft and helicopters in Africa. The roadshow’s purpose is to…

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