• Aga Khan Hospital in Dar es Salaam is now poised to handle heart-related complications thanks to the opening of a new heart treatment laboratory. The new lab at the renowned private hospital is a state-of-the-art facility that provides Tanzanians access to cutting-edge cardiac medical services and saves patients from the expensive trips abroad. Read the full article in IPP Media here.

  • Diamond Trust Bank’s (DTB) Rights Issue that kicked off on June 30 from targeting to raise Sh3.63 billion has been oversubscribed by 340 percent. The Rights Issue received total subscription of 96 million shares worth Sh16 billion against a target of 22 million shares. Speaking to Capital FM Business, DTB Group Chief Financial Officer Alkarin Jiwa says the oversubscription shows confidence of their shareholders in the group.

  • The Gilgit-Baltistan (G-B) government has invited 39 countries to participate in the Silk Route Festival starting in September in the region. So far 16 countries have confirmed their participation. The five-day event will start from September 10—an inaugural ceremony has been scheduled for Islamabad, Pakistan where foreign dignitaries will be briefed. The dignitaries will be hosted in Shigar Fort, which has won several awards after it was renovated by the Aga Khan Trust for Culture.

  • Speaker of the East African Legislative Assembly (EALA), Dr. Margaret Nantongo-Zziwa, has reiterated the East African Community’s commitment to enhancing access to quality education as a precursor to greater investments in the education sector and creation of more job opportunities. Dr. Zziwa made the remarks when she received the Aga Khan’s Resident Representative in Uganda, Ambassador Mahmood Ahmed, at the EALA offices in Tanzania.

  • Uganda is also in the midst of a major hydropower expansion, with a series of dams being constructed on the White Nile, which originates from Lake Victoria in the country's south-central region. One recent major U.S. investment in a Ugandan energy project was the construction of the 250-megawatt Bujagali hydropower plant, completed in 2012 at a cost of $900 million. That project was a joint venture between the Aga Khan Fund for Economic Development and Sithe Global Power LLC, the U.S.-based energy development arm of Blackstone Capital.