Market News

 Uganda is the most improved economy in the East African region in terms of creating a conducive environment for trade and investment, according to the latest Global Competitiveness ranking.   Uganda, which ranked 115 (from 122 last year) of the 144 economies surveyed globally, was follo . . .

Foreign Direct investment (FDI) in East Africa grew by 11 percent between 2013 and 2014 buoyed by regional integration, an economic insight reveals. The report released by the Institute of Chartered Accountants in England and Wales (ICAEW) received in Nairobi attributes surge in FDI in the region t . . .

The East African Community (EAC) member states are fast tracking the integration of the capital markets in order market the region as a single investment destination, Kenyan officials have confirmed. The Capital Markets Authority (CMA) Acting CEO Paul Muthaura said there is a clear road map for the . . .

The management of HongXing Steel Company, a Chinese steel manufacturing company based in Lagos, has expressed confidence in the President Muhammadu Buhari's government.   Speaking during a factory tour at the company in Lagos at the weekend, the Managing Director of HongXing Steel Company, Mr . . .

 "History is built around achievement and creation; and nothing was created in the West Indies" - VS Naipaul.   The Trinidad-born Nobel Prize-winning British writer VS Naipaul's observation should serve as a reminder to many African societies who should know by now that history is usuall . . .