Market News

 Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infras . . .

 At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries. Africa has record . . .

 Kenya and Sudan have signed agreements to deepen collaboration in oil and mining industry.   Hence, Kenya is poised to gain from the agreements as Sudan has made strides in both sectors.   Sudan is an established oil exporting country and has also made progress in mineral busines . . .

 Addis Ababa — The Ethiopia government has set up the Ethiopian Mines, Petroleum and Bio-Fuel Corporation, which will be the investing entity in the country's mineral, oil and gas industry.   KEFI Minerals plc, the gold exploration and development company with projects in the Kingd . . .

 The government of Rwanda considers mining sector as key in the country development, the sector is now second largest contributor to national economy after tourism. Rwanda Natural Resources Authority considers the Mining sector as greatest opportunity for the country’s economy. In order t . . .