Investment In Brief

Investment

- Media houses in Tanzania have also been hit hard by a drop in their advertising revenue by over 6.5 per cent.

- A year ago, The New Vision sought money from shareholders through a rights issue to finance expansion plans. Last week Robert Kabushenga, its CEO about the progress. It has purchased the biggest radio station in western Uganda. By October, its radio stations in northern Uganda, and Teso, will be up and running. Its television station will be on air in October. According to Kabushenga : »We have taken a unique approach; to go for a local language television, which we think is a good market position in terms of audience size and potential revenue ».