Market News
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Africa:International investors find private equity investment effective
Posted on :Thursday , 8th January 2015
Fundraising by Africa-focused private equity has rebounded after the global financial crisis, buoyed by support from the international development finance institutions. Now, the industry hopes to unlock billions of dollars held in African pension funds to dramatically increase the resources available for investment.
Some international investors have found priv. . .A new era of investment in Africa
Posted on :Thursday , 8th January 2015
A scale weighing China's outward direct investments across the globe currently tilts heavily toward Asia, at a whopping 70 percent of total volume by 2013, most of which was poured into Hong Kong.
Africa, on the other hand, received less than 5 percent of China's total ODI, at $3.37 billion.But with massive infrastructure projects being planned throughout Africa, su. . .Africa woos Chinese investors
Posted on :Thursday , 8th January 2015
Poised to make sweeping economic reforms at a major development conference in March, Egyptian leaders played up their existing cooperative ties with China during a recent visit to Beijing.
At the Egyptian embassy in Beijing early this month, a delegation that included Egypt's ministers of transportation, international cooperation, industry and trade as well as electricity and en. . .Investment helps the East African Shilling grow Stronger
Posted on :Wednesday , 7th January 2015
National Microfinance Bank (NMB) says in its e-Market report that the shilling close on the strong foot against US dollar, the major trading currency, buoyed by end-month local money demand.
“The local currency closed the 2014 yearly trading session on a stronger footing against the dollar buoyed by month end flows and shilling obligations,” NMB says.The. . .East Africa: Proposed steel plant for renewed Industrial growth
Posted on :Wednesday , 7th January 2015
The plant, which will have the capacity to produce 157,000 tonnes of steel products each year, is expected to go a long way in providing affordable raw materials for the country’s growing construction industry.
Top Steel Kenya Limited is the company behind the plans for setting up the multi-billion shilling facility in Mwavumbo area of Kwale County and is in the process of. . .Please Select an Option
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