Market News
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Centum Investment Company - Building Value in Kenya: Ryan Hoover, Investment Analyst, Africa Capital Group
Posted on :Friday , 23rd October 2015
The Nairobi Securities Exchange’s main index has lost 31.7% in U.S. dollar terms since the start of the year in response to security concerns, China’s slowing growth, and a brief experiment with a 5% capital gains tax.
The drop makes for a compelling opportunity to purchase shares of the country’s largest investment holding firm.
Prime assets
South Africa\'s Mediclinic to buy UAE\'s Al Noor Hospitals for $2.2B
Posted on :Friday , 23rd October 2015
South Africa‘s Mediclinic Intl has agreed to buy United Arab Emirates’ Al Noor Hospitals Group for around 1.4 billion pounds ($2.2 billion), gaining the upper hand on rival NMC Health in a tussle for expansion in the fast growing Gulf region.
The deal will double the South African group’s presence in the UAE, further diversifying out of its slow growing home mar. . .Indian firms now show interest in the new construction project in Africa
Posted on :Friday , 23rd October 2015
Top firms in India are now seeking an opportunity to be involved in the construction of new capital in Egypt after
Egyptian Minister of Housing, Moustafa Madbouli, met with representatives of top Indian construction companies to look for ways they can be involved in the construction of the new city.Mr Madbouli said that there are many . . .Kenya- Tanzania launch new road to improve Trade connectivity
Posted on :Thursday , 22nd October 2015
Presidents Uhuru Kenyatta and his Tanzania counterpart Jakaya Kikwete have heaped praise on the ongoing construction of 90KM Mwatate-Taveta road.
The two leaders said the road is in the East African Community programme of the developing missing links along the regional infrastructure corridor.Speaking during the launch of the ro. . .European Union boosts road construction in Ethiopia
Posted on :Thursday , 22nd October 2015
The European Union (EU) has pledged 540 million Euros to boost road construction in Ethiopia especially in rural areas for the next five years.
Mr Antonio Capone who is the infrastructure leader of EU delegation announced that the money will be used to continue what he referred to as “a remarkable expansion of road network in Ethiopia.” The country had 26,000km of roa. . .Please Select an Option
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