Market News
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Sumac secures $1 million loan as it prepares for cash call
Posted on :Monday , 31st August 2015
Sumac Microfinance Bank has secured a $1 million (Sh100 million) loan from a European investment firm for onward lending to small businesses. The cash was loaned by the Regional Investment Fund for Micro, Small and Medium Enterprises in sub-Saharan Africa (Regmifa), a Luxemburg-based fund that invests in small lenders in sub-Saharan Africa.
The three-year loan is pa. . .
LG to invest Sh100million in regional expansion
Posted on :Monday , 31st August 2015
LG Electronics has announced it will expand its branch network in the eastern African region to improve the availability of its products and services for a growing client base.
LG is investing approximately Sh100 million in the first phase of this expansion that will see 25 additional retail outlets opened in Kenya, Uganda, Tanzania, Ethiopia, Sudan and Zambia by end of this year. Ken. . ..jpg)
Ugandans urged to do more cross border trade in EAC
Posted on :Monday , 31st August 2015
Ugandans should take advantage of the East African Community integration to do more cross border trade, the undersecretary in the Ministry for East African Affairs has said.
Daniel Mugulusi said it is now easier to do trade among regional countries since Ugandans only require a national identity card to be able to access markets in neighbouring countries. . ..jpg)
Despite China Slow Down, Expected Marked Increase In E.Africa Trade, Shipping Volumes
Posted on :Friday , 28th August 2015
China’s trade will continue to increase by more than 5 percent per year between 2015 and 2020 despite recent setbacks caused by its marked economic slowdown, the World Trade Service of IHS Maritime & Trade forecasts.
One new trend is the move towards larger container ships to streamline the supply chain.Trade routes fr. . ..jpg)
Germany-Tanzania Bilateral Cooperation Strengthened With USD 210 Million Grant
Posted on :Tuesday , 25th August 2015
The German Embassy in Dar es Salaam, Tanzania has recently announced that it has concluded negotiations to strengthen the German-Tanzanian bilateral cooperation with a total grant of USD 210 million for development projects to b
The agreement includes a main program on human development for a total of USD 177 million, two projects on technical and financial co. . .Please Select an Option
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