Business News this Week


The Ministry of Labour is in the process of formulating the Unemployment Insurance Fund (UIF). Once enforced, employees will contribute a percentage of their salary to the fund which will be accessed during periods of unemployment . 


Somalia is currently in the process of drafting a law that provides uniform regulation and protects fishing resources from looters. The policy is aimed at preventing illegal fishing vessels from Somali waters and it has been reported that ships from as far as South East Asia have been fishing in Somali waters . 


The Ministry of ICT and Innovation in Rwanda in partnership with the African Development Bank recently signed an agreement with the Rwanda Coding Academy. The facility was established to develop top technology talent with the aim of fostering an innovation-driven digital economy .