Market News
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East Africa: Banks to increase credit towards development of manufacturing sector
Posted on :Monday , 26th October 2015
According to the Bank of Tanzania (BoT) monthly economic review, strong credit was extended to manufacturing, hotels and restaurants and transport and communication activities.
During the month under review, credit extended to agriculture increased to 12.9 per cent compared to 6.0 per cent in July and 2.0 per cent in the corresponding period year before.. . .Uganda: NSSF Reveals Plan to Invest in Infrastructure, Awards Firms
Posted on :Friday , 23rd October 2015
Kampala — National Social Security Fund (NSSF) will invest in public infrastructure and small and medium enterprises, managing director Richard Byarugaba has revealed.
Speaking at the annual members meeting in Kampala yesterday, Mr Byarugaba told members that the development is included in a 10-year strategic plan to diversify the savings in the fund.<. . .Dar-Kenya trade scales East Africa high
Posted on :Thursday , 22nd October 2015
Addressing the Kenya’s National Assembly in the capital, Nairobi, President Kikwete said the growth in trade between the two countries demonstrated how much the two countries’ contribution is critical to the greater EAC integration agenda.
“I am told trade between our two countries accounts for over 80 to 90 per cent of trade in the EAC marke. . .Kenya is Tanzania�s leading trade partner
Posted on :Thursday , 22nd October 2015
Kenya is Tanzania’s leading trade partner in East Africa. This is according to Tanzanian President Jakaya Mrisho Kikwete.
During his address to the joint Parliamentary sitting of the National Assembly and the Senate on Tuesday, Kikwete said figures put trade between East African countries at 80 to 90 per cent, with Kenyan investments hitting USD 1.6 bill. . .Kenya Industrialization ministry to roll out special trade zones in 2016
Posted on :Wednesday , 21st October 2015
Kenya plans to roll out Special Economic Zones (SEZs) which will enjoy lower taxes to boost the country’s investment profile.
The designated trading zones will be established in the first quarter of 2016, the Industrialisation ministry has said. They are expected to help investors cut down on key cost drivers such as transport, with the hope that surplus funds would go tow. . .Please Select an Option
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