Market News

African start-ups and small businesses up to 10,000 stand to receive financial and technical support to the tune of Sh282.5 billion (€2.5 billion) under a newly launched entrepreneurship drive by visiting French President Emmanuel Macron.   The Choose Africa campaign seeks to ignite inno . . .

According to a new study by South Africa’s Rand Merchant Bank (RMB), Kenya, Rwanda, and Tanzania are bound to be among Africa’s most attractive investment destinations in 2019. This new study analyzes the countries’ economic and operating environments to assess their potential t . . .

Tanzania’s agenda of industrialization is fast-gaining momentum. Statistics are indicating the registrations of approximately 3,000 small, medium and large scale industries with a number of government industries worth over 5trl in the past year.      This comes at a time when . . .

Siemens announced that they invested R5.5 million in industrial automation equipment for higher learning institutions in South Africa, Nigeria, Tanzania, Ghana and Kenya. CEO of Siemens Southern and Eastern Africa, Sabine Dall'Omo said in a statement that the company's latest investment intends to . . .

 THE government through its industrial development and promotion organization National Development Corporation (NDC) has started to revive the once defunct Kilimanjaro Machine Tools Company (KMT) for the manufacture of machines.   The KMT General Manager, Eng Adrian Nyaluke, said at the . . .