Zambia’s Overseas Investments Grow
ZAMBIA’s portfolio investment abroad surged to US$3.5 million in 2011 as compared to US$0.1million the previous year.
The stock of portfolio equity investment assets abroad in the first quarter of 2012 was recorded at $3.39 million and slightly went up to $3.46 million in the second quarter of the year.
Bank of Zambia (BoZ) director-economics Emmanuel Mulenga Pamu said the Zambia’s portfolio investments abroad increased from $0.1 million in 2010 to $3.5 million in 2012.
Tanzania: DHL to Facilitate Trade Growth in Tanzania, Africa
THE Vice President Dr Mohamed Gharib Bilal is expected to inaugurate the DHL House, the company’s courier and transit facility, at the Julius Nyerere International Airport, in Dar es Salaam on Friday.
DHL Express Tanzania Managing Director Blaise De Souza said the modern courier and transit facility,
Rwanda: Bk Wins Fourth Bank of Year Award, Launches Express Money
It has been indeed a successful year for Bank of Kigali, Rwanda’s largest financial institution by market share of total assets, loans, deposits after scooping the Bank of the Year 2012 Award from the Banker Magazine. This is the fourth consecutive year the bank is winning the award.
The Award, introduced in 2000 by the Banker magazine, is given to leading
Tanzania: TPA Receives New Fleet of Mobile Cranes
THE Port of Dar es Salaam has received four new state-of-the-art mobile cranes ‘Gottwald’ from Germany expecting to improve the day to day operations.
The new machines, worth 2.6 million Euros (about 5.2bn/-) each, have been received at a right time and are expected to enhance quality customer service at the port.
