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Market News

  • KENYA TO UNVEIL ITS LARGEST BUDGET IN HISTORY

    Posted on :Tuesday , 16th June 2015

    The budget which is a 17 per cent increase from that of the fiscal year 2014/2015 is expected to strike a balance between support for rapid economic and inclusive growth. The government is anticipating the economy to grow by 7 per cent this year bolstered by low global oil prices and it infrastructure projects.  Kenya is emerging as one of East Africa’s developing hubs mainly because. . .

  • Regional body tips Tanzania as next EA economic powerhouse

    Posted on :Wednesday , 27th May 2015

     Tanzania has high potential to become the economic powerhouse in the East African region given her natural wealth and strategic geographical positioning, but there are challenges to overcome before it can realise its potential.

     
    This is the observation of the TradeMark East Africa, Chief Executive Officer, Frank Matsaert whose organisation is assisting East Afr. . .

  • Rwanda: Small traders call for tax cuts, funding in 2015/16 budget

    Posted on :Wednesday , 27th May 2015

     As government prepares to present its 2015/16 financial year budget estimates on June 11, small city traders expect Finance Minister Amb Claver Gatete to prioritise areas that will provide solutions to the challenges affecting businesses.

     
    A number of small-and-medium enterprise (SMEs) operators interviewed by Business Times in a mini-survey conducted last week. . .

  • Kenya named among top Africas investment hubs

    Posted on :Wednesday , 27th May 2015

     Kenya has one of the best and favoured business climates in Africa, thanks to its enthusiasm in improving ease of doing business and initiation of huge infrastructure development projects to reduce cost of doing business.

    A new report released yesterday by the African Development Bank (AfDB) in Abidjan, Côte d’Ivoire, Kenya is among the top 10 destinations for Foreig. . .

  • Investing to Change Lives - IFC and AfDB Seek to Boost Private Sector in Africa

    Posted on :Wednesday , 13th May 2015

    Enhancing partnerships with a view to boosting private sector as the driving force for sustainable and inclusive growth in Africa is one of the main priorities for the African Development Bank's Private Sector Department (OPSD) and the International Finance Corporation (IFC).

    For this reason, the African Development Bank hosted a high-level delegation from the IFC for two days of. . .

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