Market News
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Firm invests Sh2.2b into African factory
Posted on :Wednesday , 31st December 2014
African EPZ factory commenced operations last week. Located in Mtwapa, Kilifi County, the new factory will manufacture garments for the international market.
Speaking during the official opening of the $25 million (Sh2.2b) factory, Industrialisation and Enterprise Development Cabinet Secretary Adan Mohamed, said the opening of the facility has already created 3,000 direct jobs w. . .Over 100 investors eye African Upcoming Project
Posted on :Wednesday , 31st December 2014
The ranch covering 1.78 million acres is located between Rivers Galana and Tana, which have adequate flow to supply water for irrigation.
Agriculture Principal Secretary Sicily Kariuki said the project to ensure a million acres have been irrigated by 2017, has seen various investors express interest. “Over 100 investors have expressed interest in writing since last y. . .EAC explore trade opportunities with the Eurasian Economic Union
Posted on :Wednesday , 31st December 2014
According to the statement, this was one of the resolutions agreed on during a recent meeting between EAC ambassadors in the Russian Federation and representatives of the EEC that took place at the Kenyan Embassy in Moscow, Russia.
Rwanda was represented by Amb Jeanne d’Arc Mujawamariya and first secretary, Francis Karagire.“The meeting was aimed at lear. . .East Africa Sees Growth Accelerating on Investments
Posted on :Tuesday , 30th December 2014
Growth in Kenya, East Africa’s biggest economy, is expected to accelerate over the next three years as the government increases spending on roads, railways and power plants, the National Treasury said.
The economy may expand 6.1 percent in the fiscal year that ends on June 30, 2015, Geoffrey Mwau, economic affairs director at the Treasury, said today in . . .Growth in the African Manufacturing Industry
Posted on :Tuesday , 30th December 2014
This sector is mainly agro based at the moment and plays an important role in adding value to agricultural output by providing forward and backward linkages with agricultural sector. However, there is a shift to export oriented manufacturing as the main thrust of. . .
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