Market News
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Africa: Jubilee to acquire firms in expansion strategy
Posted on :Saturday , 3rd January 2015
“We expect to start operations in various countries from next year. Our approach will involve acquiring existing companies as well as starting new ones,” said the Company‘s Chairman Nizar Juma.
In an interview with Business Beat, Mr Juma explained that the company has already started the process of setting up companies in Ethiopia, DRC Congo,. . .Private sector upbeat on increased economic growth as 2015 unravels
Posted on :Saturday , 3rd January 2015
They welcomed the Government’s continued commitment to transforming the country’s infrastructure, mainly roads and installation of electricity.
“This demonstrated guarantee will help reduce the cost of doing business and open up the country to quality investments,” Kenya Private Sector Alliance ( KEPSA) Chief Executive Officer Carol Kariuki said in a tele. . .The East African Business Council all set to boost regional trade
Posted on :Friday , 2nd January 2015
This will be promoted within the business community in the EAC Partner States and is expected to guide the private sector in provision and acquisition of services across the region, Andrew Luzze, the Executive Director East African Business Council, has said.
The new code of conduct is expected to be ready by April 2015.“T. . .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. . .Kenyan government to establish modern centre to support investors
Posted on :Friday , 2nd January 2015
The centre – one of the latest moves by the Government to make Kenya investor-friendly – will bring Government ministries and agencies involved in investment facilitation under one roof.
“Our intention is to second senior officers to the Centre with sufficient authority to make decisions. I have directed the Ministry of East African Affairs and other Minis. . .
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