Market News
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Italy to East Africa: We are here to invest and help expand industries
Posted on :Monday , 29th September 2014
Italy rarely, if ever, features on the list of countries with a big presence in the East African region. Not anymore. Italy’s Minister of Economy and Finance was in Kigali and spoke to The EastAfrican’s BERNA NAMATA on the renewed interest in the region.
There is growing interest from Italy — we recently launched the Italy-African initiative to intensify ties a. . .
EAST AFRICA : Meet the market movers
Posted on :Monday , 29th September 2014
The rapid growth of East Africa's 150-million strong population has seen housing stocks come under pressure, prompting construction firms to embark on ambitious projects in a bid to close the deficit.
With GDP up by an average of 5% across the region in 2012, commercial and residential construction is pushing up sales of East Africa's steel products, whi. . .
Australian firm expands foothold in Tanzania
Posted on :Monday , 29th September 2014
Significantly, all of the tenements are located within 20 kilometres of the coast, are easily accessible by road, and accessible to port facilities. The acquisition will supplement Gunson’s construction ready Coburn Mineral Sands Project in Western Australia.
Adding to the transformation changes, Gunson will gain former managing director of mineral sands behemoth Iluka Res. . .
Mega steel plant launched in Dar
Posted on :Saturday , 27th September 2014
The Kamal Steel Limited plant, to produce reinforced bars, flat bars, angle bars, under the continuous casting machine technology, would be the biggest in terms of capacity in East Africa.Speaking at the launch of the plant’s expansion at Changombe in Dar es Salaam, Mr Pinda said that in order to reach the targets of Vision 2025, it was important that industries were . . .
Museveni opens biggest steel plant in East Africa
Posted on :Saturday , 27th September 2014
President Yoweri Museveni has commissioned the new Ushs320b Roofing’s Group mega steel factory in Namanve, Mukono district urging locals to learn from the work methods of Ugandans of Indian origin to fast track development.
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