The EconomicPost

CAPE TOWN: -- Facebook   had a strong presence at AfricaCom 2016 in Cape Town, in line with its commitment to fostering a strong relationship with its connectivity partners and application developers across Africa.

By Mnaku Mbani External debt stock reached USD 16,399.8 million at end of September 2016, a decrease of USD 71.4 million from the preceding month. This was mainly due to repayment of maturing instalments of non-concessional loans and private sector loans.

By Mnaku Mbani The current account narrowed substantially to a deficit of USD 1,912.0 million compared with a USD 4,910.7 million in the year ending August 2015.  The improvement was mostly driven by increase in exports and fall in imports.

NAIVASHA: CIOs in East Africa must work closely with their boards to invest in technology that will enable their organisations to thrive against the background of more demanding customers, digital disruption and fiercer global competition. Robust core business management systems and the cloud are key technologies in this regard.

By Mnaku Mbani A total of 4,729 new refugees have entered in Tanzania during   the period from October 31 to November 06, 2016, tThe International Organisation for Immigration (IOM) has reported. Among of the refugees entered 2,360 were males and 2,369 females. They composed of 4,527 Burundians and 202 Congolese.

DAR ES SALAAM: Tanzania’s leading specialist credit provider, Bayport Financial Services, has over the last 10 years contributed significantly to improving the lives of thousands of Tanzanians through the provision of credit. Bayport Tanzania is among ten subsidiaries of the Bayport Group that provides financial solutions to formally and informally employed individuals in emerging markets. The group’s services promote financial inclusion for people who are unable to access traditional banking services or the under-banked.

Department for International Development (DFID) has offered a £1 million (US$1.3 million) contribution which is under management of the United Nations World Food Programme (WFP), in the short term, to avoid cutting rations destined for refugees in Tanzania. WFP was about to cut rations in October for nearly a quarter of a million refugees, given its lack of funds for its refugee operations in Tanzania. Now – and for the time being at least – these operations can continue as normal.