It is high time Indian exporters and investors turned their attention to the five countries in the East African Community, which is surging ahead with reforms and has become the second fastest economic bloc in the world
Posted on : Monday , 29th December 2014
The company aims to add 1 billion new customers by 2020, so as to double its existing user base. The majority of the growth is expected to come from emerging nations like Asia, Africa, and Latin America. We believe Africa will play a pivotal role in L’Oreal’s expansion plan. The Middle East and Africa segment is the fastest growing geographical segment for L’Oreal (approximately 15% year on year). In 2013, L’Oreal’s revenues grew by 2.3% to €.... Read more »
Posted on : Monday , 29th December 2014
Investment Corp of Dubai has agreed to buy a 300 million dollar stake in Dangote Cement.
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Posted on : Monday , 29th December 2014
East African governments have doubled their efforts to increase energy output, with several multi-million dollar projects on the cards.
Posted on : Monday , 29th December 2014
Posted on : Monday , 29th December 2014
Uganda announced that our foreign and domestic firms would build two solar power plants, with a total capacity of 20 megawatts (MW) as it seeks to develop its renewable energy potential.
Keen on expanding its capacity to support an industrialization drive, the east African country is currently pursuing several multi-billion-dollar projects. Officials previously said the government was also looking for investors to develop solar energy and other renewa.... Read more »
Posted on : Monday , 29th December 2014
US installer SolarCity is among the investors in a US$16 million funding round closed this week by Off Grid Electric, a company offering pre-paid solar systems in Africa.
Read more » Posted on : Monday , 29th December 2014
Africa’s Transnet and Chinese manufacturer CSR Zhuzhou Electric Locomotive (CSR) signed a Memorandum of Understanding (MoU).
This was part of South African president Jacob Zuma’s state visit to assist trade between the two countries.
“Today’s MoU paves the way for Transnet to conclude agreements with CSR to set up manufacturing facilities in South Africa to exploit opportunities for the production and maintenance of electric locomotives.... Read more »
Posted on : Saturday , 27th December 2014
According to Ernst and Young 2014 Africa attractiveness survey, Kenya ranks third after Nigeria and South Africa as the most attractive in the region. The three are said to attract 40 per cent of the total foreign direct investments in the region. Fernando de Sousa General Manager Africa Initiatives at Microsoft join CNBC Africa to discuss why multinationals are attracted to these major hubs.Read more »
Posted on : Saturday , 27th December 2014
In September 2nd, Yantai Xinhai Mining Machinery Co., Ltd. and a Tanzania state-owned mine reached cooperative intent, and signed the contract -----"EPCM Mines Service" in Dar Es Salaam the capital of Tanzania. The cooperation ranged over four fields, exploration, mining, ore dressing and smelting. The EPCM service covered the process design, engineering design, equipment manufacturing, construction, equipment installation and commissioning, mine integrated management &.... Read more »
Posted on : Friday , 26th December 2014
Trade Mark East Africa (TMEA) has come up in support for the big result now (BRN) to increase Dar es Salaam Port efficiency in the next three years.
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Posted on : Friday , 26th December 2014
Money makes the world go round. And if you play your cards right, might just make your startup successful — putting a smile on shareholders faces.
Posted on : Friday , 26th December 2014
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