Market News
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Nairobi - The Only African City in Global Investors Top Five List
Posted on :Friday , 6th January 2017
Nairobi is on the global watchlist of top five fast modernising cities that are attracting new global business on growing realisation that big companies cannot operate from one sub-Saharan location in South Africa.
The city is also taking off as a hub for global corporations looking to establish an office to cover the East African region, according to Global Cities . . .Africa: ADB Looking to Raise $8.4 Billion from Capital markets for Development Projects
Posted on :Thursday , 5th January 2017
Kampala — The African Development Bank (ADB) board of directors has approved the institution's borrowing programme for 2017, for an amount of $8.4 billion (Shsh30.4 trillion).
The money will be raised from capital markets in African countries by issuing bonds in local currency to finance development projects.Due to existing larg. . .Kenya: State-of-the-Art National Library Complex to be Completed in 2017
Posted on :Thursday , 5th January 2017
Nairobi — The Sh2.4 billion ultra-modern national library complex on Ngong road, Nairobi is set to be opened in 2017, with 65 percent of the works completed on the 5 storey building.
Vision 2030 Delivery Secretariat, Director General, Dr. Julius Muia, says the library will offer a comprehensive national reference service to all sectors of the economy and contr. . .Kenya: Standard Gauge Rail to Finally Become a Reality This Year
Posted on :Tuesday , 3rd January 2017
This will be the year of the railway - perhaps mimicking 1899, when the current railway reached Nairobi.
By then, the railway was Colonial Kenya's most expensive project. Today, the new standard gauge railway is still the country's most expensive infrastructural project.A historical transport masterpiece in the region, SGR has encount. . .EAST AFRICA MOVING TOWARD MONETARY UNION
Posted on :Monday , 2nd January 2017
Five East African countries have joined forces with the aim of forming a single currency area by 2024.
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