I&M Bank Plans to Fundraise for Regional Expansion.

I&M Bank Ltd., plans to raise money in the next year to fund its regional expansion, Chief Executive Officer Arun Mathur said. This comes as I&M Bank is set to being trading at the NSE this month.
The bank plans to begin operations in Uganda in the next 12 months, possibly by acquiring an existing lender, before venturing into South Sudan and Zambia, Executive Director Sarit Raja-Shah said in an interview to Bloomberg news. I&M already operates in Tanzania, Rwanda and Mauritius.

“We are still thinking of how to raise money,” Mathur, 59, said. He said the company has not yet determined how much it plans to raise. “There could be a rights issue, there could be an issue of debt and equity” carried out by July 2014, he said.

Profit increased by 21 percent at Kenyan banks last year to 107.9 billion shillings ($1.26 billion), helped by a surge in interest income after the central bank raised its benchmark rate to a record. Total assets grew 15 percent to 2.33 trillion shillings, according to central bank data. Earnings may grow further

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10 Great Hidden Careers for 2013 and Beyond

Most people limit their career choices to the well-known: doctor, lawyer, or engineer. Here are 10 professions that are not only underappreciated, but that offer advantages over the more traditional careers. Here are ten careers that you might want to re-look again and advise someone to pursue.

1. Kindergarten-ECD- teacher. Parents are forking gazillions for their children to study in top notch private kindergarten schools. Whilst in our generation nursery school wasn’t something our parents thought much about, these days it’s different. The fee for top kindergarten schools easily outstrips the fee for many primary schools, and quality teachers at this stage of a child’s development are hard to

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The Most Overlooked Part of Your Data Security.

Organizations constantly replace outdated computers, servers, laptops, copiers, and countless other types of electronic devices to keep up with technology and enhance worker productivity. This rush to upgrade, however, creates a challenge: large numbers of excess electronics must be managed and disposed of properly.

During a recent IT asset disposal project for a large New York bank, a chain-of-custody audit revealed three computers were untracked. An IT director was suspected of taking them.

Soft Underbelly of Data Security
Without question, most large organizations take data security seriously. Corporations will spend an estimated $68 billion worldwide this year on IT security measures including firewalls, network

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Mombasa port falls behind Durban port in African trade.

Transporting goods by sea remains the most common way to trade globally, but in Africa cargo spends an abnormally long time in ports before it is moved inland, presenting a serious obstacle to the successful integration of sub-Saharan economies in worldwide trade networks. A World Bank study, titled ‘Why does cargo spend weeks in sub-Saharan African ports?’ shows.

Lessons from six countries, found the average cargo waiting time to be 20 days and that more than half of the time needed to transport cargo from ports to ­hinterland cities in landlocked countries in

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Doing Business in Africa, Critical to Global Growth - U.S.

The United States government yesterday stressed the need and importance for foreign investors in the country and across the world to do businesses in the African continent.

Speaking at ongoing African-US Trade Exhibition held at the Baltimore Convention Center, the Governor of Maryland State, Mr. Martin O'Malley, maintained that doing businesses with Africa was

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