Market News
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East Africa: \'Most Improved\' in Trade, Investment-Friendly Environment
Posted on :Wednesday , 14th October 2015
Uganda is the most improved economy in the East African region in terms of creating a conducive environment for trade and investment, according to the latest Global Competitiveness ranking.
Uganda, which ranked 115 (from 122 last year) of the 144 economies surveyed globally, was followed by Rwanda, whose economy improved from position 62 last year to 58, while. . .East Africa foreign investments grow by 11 per cent
Posted on :Wednesday , 14th October 2015
Foreign Direct investment (FDI) in East Africa grew by 11 percent between 2013 and 2014 buoyed by regional integration, an economic insight reveals.
The report released by the Institute of Chartered Accountants in England and Wales (ICAEW) received in Nairobi attributes surge in FDI in the region to efforts for closer regional integration in the East African Community (EAC), which has. . .East Africans planning to fast track integration of capital markets
Posted on :Wednesday , 14th October 2015
The East African Community (EAC) member states are fast tracking the integration of the capital markets in order market the region as a single investment destination, Kenyan officials have confirmed. The Capital Markets Authority (CMA) Acting CEO Paul Muthaura said there is a clear road map for the harmonization of legal frameworks of the five EAC member states.
&qu. . .Chinese Steel Manufacturer Expresses Confidence in Buhari\'s Govt
Posted on :Tuesday , 13th October 2015
The management of HongXing Steel Company, a Chinese steel manufacturing company based in Lagos, has expressed confidence in the President Muhammadu Buhari's government.
Speaking during a factory tour at the company in Lagos at the weekend, the Managing Director of HongXing Steel Company, Mr. Andy Hu, urged Nigerians to support the federal government in its bid to di. . .Kenya: Sh15bn plan to transform Embu town into a modern city launched to facilitate trade development
Posted on :Tuesday , 13th October 2015
Embu town will be transformed into a modern city complete with two by-passes, a railway line, modern stadium and recreational parks, according to an integrated strategic development plan released yesterday. Once the plan is implemented, the city will boast of dual carriageways, ring roads, pavements on all roads, multi-storey parking spaces and dual carriageways. The plan was prepared by . . .
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