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In a bid to curb spending on government initiatives, Ambassador Ukur Yattani, who is the Acting Cabinet Secretary for National Treasury and Planning, says that there will be a reduction in the spending on non-core expenditures by 3.5 per cent for the 2022/2023 budget, down from the projected of 7.7 per cent, for the 2019/18 fiscal year. According to Mr Yattani, the budget cuts will be for administrative issues such as the purchase of office supplies, furniture, printing, hospitality, advertising, use of government vehicles;…

The agreement between the two largest banks in their respective regions signed in Yokohama last week will see the two lenders expand their financial offerings provided to clients in both East Africa and Japan, effectively enabling more cross border trade flows.

The Bank said the drive is meant to strengthen its diversity and inclusivity focus as part of its sustainability agenda by simplifying financial inclusion for women.

There are many reasons to be optimistic about the transformational potential of digitalization in Africa.

The new office will function as the headquarter for the company's operations in East Africa, and is intended to support expanded growth opportunities for Abbott, both locally and in the region. Abbott's other office in sub-Saharan Africa has been based in Johannesburg, South Africa, since 1940