Rising demand for luxury cars and increased orders for commercial vehicles pushed new motor vehicles sales to a record high last year, reflecting wealthy Kenyans’ growing penchant for high-end goods and vibrant economic activity.
Posted on : Thursday , 15th January 2015
Today's Africa is one of the most sophisticated, diverse and promising emerging markets globally. Africa is a key investment location, both for the market opportunities that lie within its borders and as a gateway to the rest of the continent, a market of about1- billion people.
Posted on : Wednesday , 14th January 2015
Africa and China signed new strategic agreements after a meeting between President Jacob Zuma and his Chinese counterpart Xi Jinping in Beijing on Thursday, the Presidency said in a statement on Thursday.
Posted on : Wednesday , 14th January 2015
South Africa has approved guidelines for the new Medium and Heavy Commercial Vehicles-Automotive Investment Scheme (MHCV-AIS), expected to stimulate investment in the production of vehicles.
Posted on : Wednesday , 14th January 2015
Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth, says a World Bank Group analysis of the oil price decline, contained in the latest edition of Global Economic Prospects.
Posted on : Wednesday , 14th January 2015
The venture, called Impala Villas Rimpa in Ongata Rongai is part of wider plans to develop hundreds of new homes in the outskirts of the city. “By bringing together Sandstone’s development expertise with KCB’s financial might, we hope to transform the land which borders the Nairobi National Park to meet the housing needs of our people,” said Sandstone Development Company Chairman Edward Ndirangu.
He said the agreement in which KCB would finance.... Read more »
Posted on : Wednesday , 14th January 2015
Regional interconnections and oil discoveries are expected to drive the transmission and distribution industry’s (T&D’s) growth in East Africa, the second-fastest growing region in Africa, global growth consulting firm Frost & Sullivan said on Tuesday.
Posted on : Tuesday , 13th January 2015
Content analyst at Infield Systems Limited, Catarina Podevyn, says Africa is expected to hold a 15% share of offshore capital expenditure over 2015, up 10%, led by developments offshore Angola. In West Africa, offshore Ghana and Congo will also see increasing expenditure, she adds.
Posted on : Tuesday , 13th January 2015
Anglo Energy Refining Corporation, a UK-based petroleum firm, has set up base in Kenya with an eye on bulk importation of oil and possibly setting up a refinery.The UK firm’s debut makes Nairobi its African headquarters. The oil company in December received a licence to operate and import oil under the Open Tender System (OTS), the centralised oil distribution system, from the Energy ministry, and says it is ready to bid for tenders.“Our focus right now is on the O.... Read more »
Posted on : Tuesday , 13th January 2015
President Jacob Zuma is, this month, October 2014, prioritising the economy and local government.
Posted on : Tuesday , 13th January 2015
The designation of special economic zones (SEZs) will support a broader-based industrialisation growth path in South Africa, while helping the country achieve the objectives of the National Development Plan (NDP), says Trade and Industry Minister Rob Davies.
Posted on : Tuesday , 13th January 2015
The Dube TradePort in the South African port city of Durban is now officially an Industrial Development Zone (IDZ), joining three other similar economic zones spread out across the country.
Posted on : Tuesday , 13th January 2015
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