Business

Formation of Savings and Credit Cooperatives at sector level has helped more Rwandans to access formal financial services.

The Ugandan shilling edged up against the dollar on Monday due to lower demand for the greenback and traders expected it to weaken in the medium to long term as a monetary policy easing cycle makes locally-issued debt less attractive.

Italy’s economy shrank 0.7 per cent in the second quarter, underlining a deepening recession, as government austerity measures continue to affect everything from factory activity to consumer spending.

Kenya on Monday assured investors in the aviation industry of government support in ensuring the East African nation is promoted as a preferred tourist destination.