Market News

 Suame Magazine, is one of the biggest industrial areas in Africa.  In Suame Magazine, mechanics in over 12,000 small workshops fix cars and machinery with old spare parts, most of which come from Europe. It is so crowded that the Suame Magazine Industrial Development Organization is plan . . .

 The report, "Middle East and Africa - Industrial Valves Market By Closure type (Quarter turn, Multi turn, and Others), By Function (Control, Isolation, Check and Others), By Type (Ball, Globe, Plug and Others) and By Application (Oil & gas, Chemical, Municipal, Power, and Mining) - Global Tren . . .

 SKOL Brewery yesterday launched a new production line that will enable it more than double its capacity to 200,000 hectolitres annually, up from 80,000 hectolitres presently, reports Ben Gasore. The company, a subsidiary of Belgium-based Unibra, currently commands about 14 per cent of the mar . . .

 The performance of the Tanzanian economy has remained strong, recording growth of 6.9% in 2012, driven by a high uptick in manufacturing, agriculture, trade, transport, communications and financial intermediation. Growth was boosted by good weather and a timely supply of subsidized inputs, whi . . .

 The sub-Saharan Africa market performance report, however, shows sub-Saharan Africa equity market performance was mixed, with Rwanda Securities Exchange declining by 4.5 per cent over the reporting period. The worst performers in local currency terms were Zimbabwe where the market lost 19.5 p . . .