Market News

The African Wildlife Foundation (AWF), through support from Usaid/Uganda Tourism for Biodiversity Programme (T4B), has donated road construction equipment worth $ 1,333,823(about sh4.8b) to Uganda Wildlife Authority (UWA).   The equipment, which was handed over by T4B chief of Party, Kaddu Se . . .

The Nairobi Securities Exchange’s main index has lost 31.7% in U.S. dollar terms since the start of the year in response to security concerns, China’s slowing growth, and a brief experiment with a 5% capital gains tax. The drop makes for a compelling opportunity to purchase shares of . . .

South Africa‘s Mediclinic Intl has agreed to buy United Arab Emirates’ Al Noor Hospitals Group for around 1.4 billion pounds ($2.2 billion), gaining the upper hand on rival NMC Health in a tussle for expansion in the fast growing Gulf region. The deal will double the South African gro . . .

 Top firms in India are now seeking an opportunity to be involved in the construction of new capital in Egypt after Egyptian Minister of Housing, Moustafa Madbouli, met with representatives of top Indian construction companies to look for ways they can be involved  in the construction of . . .

 Presidents Uhuru Kenyatta and his Tanzania counterpart Jakaya Kikwete have heaped praise on the ongoing construction of 90KM Mwatate-Taveta road.   The two leaders said the road is in the East African Community programme of the developing missing links along the regional infrastructure . . .