Market News
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East Africa Investments grow by sh9 trillion
Posted on :Friday , 2nd January 2015
The growth, which was mostly driven by a boom in finance, insurance and real estate, accounted for 44% of actual investments, the Uganda Investment Authority (UIA) has said.
Addressing journalists in Kampala recently, the executive director of UIA, Dr. Frank Ssebowa, said the authority registered an 8% growth in actual investments to $46.8m, compared to $43m recorded in the prev. . .China expands investment in Tanzania
Posted on :Friday , 2nd January 2015
The Tanzanian government has begun the compensation process for about 1,000 local residents who will need to be relocated, and construction will begin soon, Abdallah Kigoda, the Tanzanian minister for industry and trade, said at a news conference in Dar es Salaam last month, according to Xinhua, the Chinese state news agency.
Mr Kigoda said that the Chinese side would provide $. . .Firm invests Sh2.2b into African factory
Posted on :Wednesday , 31st December 2014
African EPZ factory commenced operations last week. Located in Mtwapa, Kilifi County, the new factory will manufacture garments for the international market.
Speaking during the official opening of the $25 million (Sh2.2b) factory, Industrialisation and Enterprise Development Cabinet Secretary Adan Mohamed, said the opening of the facility has already created 3,000 direct jobs w. . .Over 100 investors eye African Upcoming Project
Posted on :Wednesday , 31st December 2014
The ranch covering 1.78 million acres is located between Rivers Galana and Tana, which have adequate flow to supply water for irrigation.
Agriculture Principal Secretary Sicily Kariuki said the project to ensure a million acres have been irrigated by 2017, has seen various investors express interest. “Over 100 investors have expressed interest in writing since last y. . .EAC explore trade opportunities with the Eurasian Economic Union
Posted on :Wednesday , 31st December 2014
According to the statement, this was one of the resolutions agreed on during a recent meeting between EAC ambassadors in the Russian Federation and representatives of the EEC that took place at the Kenyan Embassy in Moscow, Russia.
Rwanda was represented by Amb Jeanne d’Arc Mujawamariya and first secretary, Francis Karagire.“The meeting was aimed at lear. . .Please Select an Option
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