Market News

 The number of people involved in informal trade is growing, but most in the region don't have access to proper transport means.   This is one of the challenges highlighted during the last day of The Global African Investment Summit that closed on Tuesday in Kigali.   It was noted . . .

 A new housing development by the Kenya Medical Association is changing the face of Mtwapa in Kilifi Country. The Sh1 billion complex consists of 20 blocks, each with eight two-bedroom apartments on a five-acre plot located just after Greenwood Resort.   It was completed in June and is r . . .

 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 Ethiop . . .

 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 al . . .

 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 De . . .