Market News
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Kenya: Cement Firm Reports Flat Growth of $58 Million Amid Tight Competition
Posted on :Monday , 13th March 2017
Cement maker Bamburi Group has reported flat growth in its after-tax profit, citing falling demand in domestic and regional markets as well as rising competition.
The Nairobi Securities Exchange-listed company recorded a profit after tax of Sh5.89 billion for the year ended December 2016, a 0.3 per cent rise over the profit recorded during a similar period last year. . .Kenya: Presidents Kenyatta, Trump Discuss Trade, Investment
Posted on :Thursday , 9th March 2017
President Donald Trump spoke on Tuesday with President Uhuru Kenyatta, with the White House saying that the US leader sought to "reaffirm the strong bilateral relationship between our two countries."
The telephone conversation also focused on "economic partnership and mutual dedication to overcoming terrorism and other regional security challenges thr. . .East Africa: Construction of $600 Million Transnational Highway to Begin Soon
Posted on :Tuesday , 7th March 2017
Study for the proposed multinational highway which will link the East African Coastline treading Kenya and Tanzania from Mombasa to Bagamoyo, has been completed.
East African Community (EAC) is finalising plans for the transnational highway, which measures 450 kilometre-long, and expected to cost 600 million US dollars (over 1.2tri/-).Kenya: $146 Million Allotted for Malindi Airport Expansion Works
Posted on :Tuesday , 7th March 2017
Malindi Airport will get an allotment of US $ 146 million in the 2017/2018 fiscal year to execute the current expansion works of the facility to global Standards, parliamentary committee on transport and housing said last week.
The parliamentary committee said the airport received US$ 4.2 million in this fiscal year which ends in June.Kenya: Boeing Opens Nairobi Office, Looks to Gain Foothold in East Africa
Posted on :Monday , 6th March 2017
US-based aerospace and defence company Boeing International is set to open a Nairobi office as it seeks to tap new Africa deals.
Boeing, which has been weighing options of opening an office either in Kenya or Ethiopia to gain a foothold in the eastern Africa market, will also open another office in Johannesburg, South Africa.Chamsou A. . .Please Select an Option
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