Market News
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East Africa: Retail Giant Nakumatt Raises Shs17 Billion Ahead of Share Sale
Posted on :Thursday , 5th January 2017
Nairobi — Retail chain Nakumatt Holdings has raised KSh500 million (Shs17b) through a short- term loan in a deal expected to pave the way for entry of a deep-pocketed strategic investor into the business.The transaction was disclosed by investment advisory firm Dry Associates, which arranged the private placement last quarter.Africa: 'Mobile Money' Helping Women Rise Above Poverty
Posted on :Thursday , 5th January 2017
A recently published study on the long-run effects of mobile money on economic outcomes in Kenya provides some valuable insights that will benefit economic development and financial inclusion policies across Africa.
The study found that increased access to mobile money has reduced poverty in Kenya, particularly among female-headed households. Rapid expansion of mobi. . .Africa Hails China's Ban of Ivory Products
Posted on :Thursday , 5th January 2017
Nairobi — China's latest ban on processing and sale of ivory products marked a historic milestone in efforts to save African elephants from poaching, Kenyan wildlife officials said on Tuesday.
Richard Leakey, chairman of the Kenya Wildlife Service (KWS), hailed the Chinese government's decision, saying it will revitalize global action on illegal trade in troph. . .Tanzania: 'Local Textiles Industries Can Meet Domestic Demand'
Posted on :Tuesday , 13th December 2016
Domestic textiles industries can meet the country's demand for garment should efforts be in place to protect them from cheap imports. Instead, more manufacturers were moving huge sales to the regional markets of the East, Central and Southern Africa than they did to the local markets.
An official with A to Z textiles, Mr Fadhili Mbise, said at the ongoing indu. . .East African Community told “CREATE MORE JOBS”
Posted on :Tuesday , 6th December 2016
Political stability of East African Community (EAC) is dependent on how individual countries will handle the high rate on unemployment among its youth population.
East African Legislative Assembly Speaker Daniel Kidega said the fight against corruption and promotion of good governance will contribute significantly in the community’s achieving of its objectives. . .Please Select an Option
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