Market News
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African chemicals industry has growth potential
Posted on :Monday , 6th October 2014
Despite South Africa having the largest and most sophisticated chemicals industry in Africa, estimated at $30-billion, it only contributes about 1% to the global market, says global growth consulting firm Frost & Sullivan chemicals, materials and food industry analyst Dilshaad Booley.
However, Booley notes that the South African chemicals industry is expected to have m. . .
Italy to East Africa: We are here to invest and help expand industries
Posted on :Monday , 29th September 2014
Italy rarely, if ever, features on the list of countries with a big presence in the East African region. Not anymore. Italy’s Minister of Economy and Finance was in Kigali and spoke to The EastAfrican’s BERNA NAMATA on the renewed interest in the region.
There is growing interest from Italy — we recently launched the Italy-African initiative to intensify ties a. . .
EAST AFRICA : Meet the market movers
Posted on :Monday , 29th September 2014
The rapid growth of East Africa's 150-million strong population has seen housing stocks come under pressure, prompting construction firms to embark on ambitious projects in a bid to close the deficit.
With GDP up by an average of 5% across the region in 2012, commercial and residential construction is pushing up sales of East Africa's steel products, whi. . .
Museveni opens biggest steel plant in East Africa
Posted on :Saturday , 27th September 2014
President Yoweri Museveni has commissioned the new Ushs320b Roofing’s Group mega steel factory in Namanve, Mukono district urging locals to learn from the work methods of Ugandans of Indian origin to fast track development.
Creation of new jobs and improve competitiveness through development of industrial zones in East Africa
Posted on :Wednesday , 6th August 2014
The World Bank’s Board of Executive Directors today approved monetary support to the Government of Kenya effort to create new jobs and increase competitiveness in the light manufacturing sector through the development of industrial zones and enhancing linkages with the local economy. &n. . .
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