Market News
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U.S.$2 Million Mosquito Net Factory Opens In Uganda
Posted on :Tuesday , 12th April 2016
Kampala — Trade minister Amelia Kyambadde has commissioned a $2.3m (Shs7.82b) mosquito net factory with an annual production capacity of three million insecticide-treated mosquito nets.
Located in Luzira Industrial Park, M/s Sino Africa Medical Devices Company Limited in partnership with the Tianjin Yorkool International Co Limited manufactures polyester insec. . .Nigeria: U.S.$44 Million Owerri Mall to Give Huge Boost to Retail Sector
Posted on :Tuesday , 29th March 2016
The Nigerian retail sector is taking a big leap forward, with the unveiling of Owerri Mall in the Imo State capital - courtesy of a South African-based property developer - Resilient Africa.
The property, located at Egbu Road, housing 45 trading outfits including Shoprite was commissioned last week by the Imo state Governor, Rochas Okorocha.. . .Tripartite Dam Gets U.S.$138 Million From African Bank
Posted on :Monday , 4th April 2016
Kigali — The African Development Bank (AfDB) Group recently in Abidjan, formally approved $138 million of loans and grants to finance the Ruzizi III Hydropower Plant Project.
The AfDB said in a statement: 'The project will displace significant amount of fossil based power in the ECGLC region and increase the percentage of green energy. Additional benefits of the project inc. . .Cameroon: Over Fcfa 100 Billion for Projects
Posted on :Monday , 4th April 2016
Over FCFA 100 billion have been earmarked as Public Investment Budget for the South West Region this year. Some 191 projects have been endorsed for the region against 179 for 2015. Target is that contracts for executing the projects be awarded by April so as to give contractors enough time to execute them.
Giving an exhaustive presentation of a circular of the Minister of Finance. . .IFC Invests in Co-Op Bank to Support Entrepreneurs and Housing Finance in Kenya
Posted on :Monday , 4th April 2016
IFC, a member of the World Bank Group, announced today that it will provide a $105 million loan to the Co-operative Bank of Kenya (Co-op Bank) to support lending to small and medium businesses, women entrepreneurs and the housing sector.
The second largest bank in Kenya by total assets, Co-op Bank has 143 branches across the country and a subsidiary in South Sudan. Small and medi. . .Please Select an Option
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