Market News

 As the price of crude oil plummets globally, Nigeria is in for a hard time because most of her revenues come from crude oil sale. Unfortunately, not only is the price decreasing but also sales as many of Nigeria's customers have now either discovered crude oil in their country or are more depe . . .

 Minister of Fishing and Fishery Resources Sid Ahmed Ferroukhi called Monday in Algiers to strengthen the inter-Arab cooperation in the field of fishing and aquaculture as well as to develop trading and investments. Speaking on the occasion of the 5th Arab Congress on Investment and Exploitati . . .

 Angolan minister of Economy, Abahão Gourgel, Thursday in Luanda mentioned 403 investment projects of various sizes and various complexity in the Great Lakes region as having been identified in seven business sectors. Speaking at the Regional Consultation Conference on Private Investmen . . .

 Stainless steel metal and inert gas (MIG) welding wire, locally produced by stainless steel bar and wire producer Wire Products Stainless Steel (WPSS) since 2010, was tested by the Italian Welding Institute, in Genova, in the past two months and found to be similar to products of European qual . . .

 Eight more companies have signed agreements with government committing to increase production and scale up exports. The companies are in the mining and manufacturing sectors and include Rwanda Plastic Industries, Rwanda Allied Partners, Minimex, Demikaru Ltd, East African Granite Industries a . . .