Market News

 Dubbed the new investment frontier, Africa’s attractiveness is becoming more visible to large corporations, institutions and investors.   Reflecting this, foreign investment (FDI) flows have grown exponentially since the turn of the millennium. Countries such as South Africa, Nige . . .

 U.S. Ambassador to Ethiopia Patricia M. Haslach joined President Mulatu Teshome at the Origin Africa presents: Africa Sourcing and Fashion Week trade expo to promote East African countries as sourcing and investment destinations for international buyers of apparel, textile, leather, and hom . . .

 According to the Bank of Tanzania (BoT) monthly economic review, strong credit was extended to manufacturing, hotels and restaurants and transport and communication activities.   During the month under review, credit extended to agriculture increased to 12.9 per cent compared to 6.0 per . . .

Kampala — National Social Security Fund (NSSF) will invest in public infrastructure and small and medium enterprises, managing director Richard Byarugaba has revealed.   Speaking at the annual members meeting in Kampala yesterday, Mr Byarugaba told members that the development is includ . . .

 Addressing the Kenya’s National Assembly in the capital, Nairobi, President Kikwete said the growth in trade between the two countries demonstrated how much the two countries’ contribution is critical to the greater EAC integration agenda.   “I am told trade between ou . . .