The Exchange - East Africa's Source for Financial News The Exchange MAY 2017 - FINAL (1)

HIGHLIGHTS
Tanzania Kenya Regional
Formalizing
Tanzania’s
informal sector A Banking
Coercion Uganda battling
its credit crunch
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Pg. 6
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Pg. 11
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Pg. 22
East Africa’s Finance
At Your Fingertips!
www.exchange.co.tz
TSH - 6,000/= KSH - 300/= UGSH - 10,000/= RWF - 3,000/= BIF - 4,500/=
MAY 2017
*
DSE ALL SHARES
2,325.33
1.88%
TANZANIA
INSIDE
Absorbing
Africa’s
Real Estate
Volatility . . .
Pg. 10
RSE ALL SHARES
127.64
-0.20%
RWANDA
S.AFRICA
NGSE ALL SHARES
25,840.70
2.34%
NIGERIA
Tanzania’s Drones . . .
A Nightmare for
Poachers
T
here is a new approach to tackling an
old problem: high tech unmanned aerial
vehicles (UAV) to augment the anti-
poaching war. The ecological repercussions
of losing the elephants are daunting and for a
country like Tanzania where tourism contributes
an average of 13 per cent to the GDP1, saving the
elephants is serious business.
So news of a high tech machine that can help
put an end to the carnage is a breath of fresh
air to an otherwise foul situation. Recently, the
Tanzanian Ministry of Natural Resources and
Tourism authorised use of the American made
DA-50 Super Bat to help in the fight against
poaching.
“We are all very enthusiastic about the
program...we expect to launch it very soon in
Tarangire National Park, pending the go-ahead
from the Tanzania National Parks Authority,”
says an excited Mike Chambers, Managing
Director of Bathawk Recon, a private Tanzanian
firm that works to develop and deploy UAV
By Mbiki Kamanjiri
An Interview
with Cytonn’s
CEO Mr. Edwin
Dande . . . Pg. 20
JO’BURG STOCKS EX
53,159.02
1.36%
UGANDA
KENYA
By Giza Mdoe
Tanzania’s
Fishy loss . . .
Pg. 16
UGANDA ALL SHARES
1,578.00
3.60%
NSE ALL SHARES
133.65
2.33%
ISSN: 2453-5877
T
his year is only the second
time since independence
that Kenya’s budget has
not been presented during the
traditional last Thursday before the
15th of June. The other time this
was so was about thirty years ago
when then Finance Minister Arthur
Magugu read his Speech one week
late to become the first minister to
delay the budget presentation.
The main reason for the change
in timings is due to the elections
in August. Parliament will be
closing early and would most likely
not be able to debate the Cabinet
Secretary’s (CS) proposals in time.
The Speech was filled with goodies
for the mwananchi. This being an
surveillance systems for national parks
and game reserves and are pioneers of the
technology in Tanzania.
“Using the UAVs to man the country’s
national parks and game reserves will save the
nation millions of shillings that are lost every day to
the senseless massacre of elephants for their tusks,”
he adds.
In an exclusive phone interview from Arusha, the
country’s tourism hub, Mr. Chambers remained
confident in the UAV program and its ability to curb
the killing of elephants and other game.
“The butchery of these animals is destroying the
nation’s national parks and game reserves and
really endangers the ecosystem of the entire region
far beyond the borders of
Tanzania,” he said as
he described
the UAVs
and how
they work.
700 Tusks
Smuggled
350
Equivalent to
Elephants
Killed
Continued on
pg. 2
Kenya’s 2017
budget unveiled
NUMBERS AT GLANCE
1.7 Trillion 13,706 Shs. 50%
KES targeted by
Kenya Revenue
Authority Any Kenyan earning
below this amount
of shilling will not be
taxed
Percentage on
Betting Tax
increased from 7.5
election
year
the move was pretty much
anticipated. The Government has no
intentions to aggravate the electorate.
This will in effect make it a daunting
task for the Kenya Revenue Authority
to achieve its increased target of KES
1.7 trillion, up by 13% compared to the
country’s growth in GDP at a rate of
5.8%. Save for the betting, gaming and
lotteries taxes there were barely any
headlining increase in taxes.
Given that no new taxes were
introduced nor were there any measures
to widen the tax net, the Commissioner
will have to employ innovative means
to squeeze out even more from those
who are already within the tax net.
Continued on pg. 2
EAST AFRICAN CURRENCIES
Kenya (KES) -
Tanzania (TZS) - Average Average
ask
bid
Uganda (UGX) -
Average
ask
bid
ask
Burundi (BIF) -
Average
bid
ask
Rwanda (RWF) -
Average
For Dates to 24 April bid Week 1 (3 April 2017) 2,187.98 2,281.78 101.808 104.582 3,575.88 3,660.33 1,671.90 1,731.71 820.127
bid
ask
848.84
Week 2 (10 April 2017) 2,191.93 2,286.43 101.526 105.341 3,583.30 3,668.40 1,672.23 1,736.93 821.078 850.139
Week 3 (17 April 2017) 2,213.02 2,259.51 102.813 103.963 3,583.87 3,668.60 1,688.70 1,721.04 820.03 849.03
Week 4 (24 April 2017) 2,199.15 2,244.63 102.041 3,540.19 3,623.04 1,663.02 1,717.90 812.725 841.281
104.55
*Indices shown above under the top header indicate the close prices of the 4th week of the month. The % change is calculated on a month to month basis.
USA...........$4.00
Canada.......$5.00
UK.............£3.50
UAE....DHS15.00
China......CNY 25
India......RUP200
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