Market News
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Investment helps the East African Shilling grow Stronger
Posted on :Wednesday , 7th January 2015
National Microfinance Bank (NMB) says in its e-Market report that the shilling close on the strong foot against US dollar, the major trading currency, buoyed by end-month local money demand.
“The local currency closed the 2014 yearly trading session on a stronger footing against the dollar buoyed by month end flows and shilling obligations,” NMB says.The. . .East Africa: Proposed steel plant for renewed Industrial growth
Posted on :Wednesday , 7th January 2015
The plant, which will have the capacity to produce 157,000 tonnes of steel products each year, is expected to go a long way in providing affordable raw materials for the country’s growing construction industry.
Top Steel Kenya Limited is the company behind the plans for setting up the multi-billion shilling facility in Mwavumbo area of Kwale County and is in the process of. . .East Africa & South Korea discuss bilateral ties
Posted on :Wednesday , 7th January 2015
President Paul Kagame and his South Korean counterpart Park Geun-hye yesterday held talks focusing on fostering bilateral relations between the two countries. The meeting at the South Korean leader’s residence in Busan marked the end of Kagame’s two-day visit to the East Asian country. By tapping into South Korea's transformation from a developing nation to among. . .
Africa: Improvement & Growth in the Manufacturing Sector
Posted on :Tuesday , 6th January 2015
Africa should raise the profile of the manufacturing sector by investing in local value addition of its mineral industry to hedge against the falling prices of copper on the world market.
Zambia Association of Manufacturers (ZAM) president Bright Chunga said decisive choices must be made such as local value addition in the mining industry.. . .Africa:Total Investment Hits Over D4 Million
Posted on :Tuesday , 6th January 2015
The total investment in 2014 has hit a staggering amount of more than D4M, according to its officials.
Most of the investment was focused on water supply, education, health, environment and conflict resolution, the Siffoe based youth-led organisation chairperson, Kalifa Kanteh, disclosed.Speaking Saturday during the organi. . .Please Select an Option
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