Market News
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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. . .East Africa: Ericsson Data Analytics Solution Captures Rise of the Internet of Things
Posted on :Monday , 4th April 2016
Ericsson has launched the User & IoT Data Analytics solution at the Consumer Electronics Show (CES) event, held January 6 to January 9, 2016 in Las Vegas, US. The solution will help operators improve internal efficiency in managing data from subscribers and Internet of Things (IoT) devices while exploring new cross-vertical IoT applications.
"The launch of the User &. . .Ethiopia: New Incentive Rates for Local Manufacturers
Posted on :Monday , 18th January 2016
The Ministry of Finance & Economic Cooperation (MoFEC) is ranking manufacturers by value addition for duty free benefits based on a new directive expected to be approved this month.
This will happen by replacing the existing directive, No. 35/2013, which gave import privileges for only 30pc or more value addition. The new one will have a wide range from 0.05pc to 40pc
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