Market News
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Dangote shakes Kenya�s cement market with Ethiopia imports
Posted on :Wednesday , 31st August 2016
Nigeria’s Dangote Cement has started its shake-up of the Kenyan market with imports of the commodity from its plant in neighbouring Ethiopia as it prepares to establish a local manufacturing plant.
Dangote’s targeting of the Kenyan consumer with low-cost cement from Ethiopia is expected to further drive retail prices downward in a market where they. . .Africa: Japan to Grant Africa Sh1trillion for Infrastructure
Posted on :Monday , 29th August 2016
Japan has pledged Sh1 trillion ($10 billion) for infrastructure development in Africa.
Japanese Prime Minister Shinzo Abe said another $500 million will be channelled through international agencies to support health initiatives in the continent and combat epidemics.The PM also pledged to initiate reforms in the United Nations Se. . .AFDB Group and Jetro to Sign MOU in Infrastructure and Private Sector Development
Posted on :Saturday , 27th August 2016
The African Development Bank Group (comprised of the African Development Bank and the African Development Fund (AfDB/ADF) and the Japan External Trade Organization (JETRO) will sign a Memorandum of Understanding (MOU) on August 26, 2016 at the Sixth Tokyo International Conference on African Development (TICAD VI) in Nairobi, Kenya
The objective of the MOU is t. . .Ethiopia sets up $10 million ceramic factory to stem imports
Posted on :Friday , 26th August 2016
The Himrawi Investment and Trading Private Limited Company has invested $10million in construction of a ceramic factory as the country looks to local industries to tame biting shortage.
According to the company general manager Frealem Shibabaw the company has conducted studies and ascertained mineral wealth at Sekota area in Amharic State, Northern Ethiopia.President Uhuru Kenyatta asks landowners to support infrastructural projects
Posted on :Thursday , 25th August 2016
President Uhuru Kenyatta has asked those with land through which infrastructural projects are passing through to surrender it. Otherwise, the President said the government will forcibly seize it.The President said a few individuals will not be allowed to stand in the way of projects that could save billions of shillings wasted in traffic jams. He blamed landown. . .Please Select an Option
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