Market News

The number of international hotel chains in the country has grown further this week following the entrance into the local market of Swiss International Hotels.   The international hotel group on Tuesday took over the management of Villa Portofino Hotel, located in Nyarutarama.   The mo . . .

East Africa: Rwanda, Ethiopia Sign Open Skies Agreement.Rwanda and Ethiopia have signed an air service agreement, where the two countries agreed to open their airspace allowing their national carriers to operate without restrictions.   According to the agreement, signed between the Rwanda Civ . . .

Holili — Tanzania and Kenya opened one-stop border posts at Holili and Taveta border to facilitate trade across the border of the two countries marking another key milestone in the integration process in the East African region.   The Minister for Foreign Affairs, East African, Regional . . .

In a construction comprising 17 500sqm, Teraco, Africa’s only vendor neutral data centre, will be adding to its existing co-location facility and creating Africa’s largest data centre.   Gys Geyser, Head of Operations at Teraco, says the building is not just an extension of servic . . .

 A major dam in Kenya dubbed the largest water project in the semi-arid area is set to be constructed that will supply water and electricity to millions of residents, Water Cabinet Secretary Eugene Wamalwa has announced.   Thwake Dam at the confluence of Thwake and Athi Rivers will suppl . . .