Market News

 Five East African countries have joined forces with the aim of forming a single currency area by 2024. Since the project’s inception in 2000, Kenya, Uganda, Tanzania, Burundi, and Rwanda have been laying the groundwork for greater economic integration. Measures such as establi . . .

 The Kenya Ports Authority (KPA) plans to upgrade Mombasa port into an ultramodern cruise complex with a lounge, restaurants, souvenir shops and reception counters at berths 1 and 2. TradeMark East Africa (TMEA) (TMEA) has teamed up with the KPA to build the facility in the next si . . .

Water and Irrigation Cabinet Secretary Eugene Wamalwa on Wednesday said the government will build a Sh60 billion dam in Galana-Kulalu through a public-private partnership.   The two-billion-cubic-metre dam would supply irrigation water for 500,000 acres to be launched in March 2017.   . . .

The government will launch the construction of 2,500 kilometres of roads before the next General Election, Transport Principal Secretary John Mosonik has said.   Mr Mosonik said it was part of the "10,000 programme" of low volume traffic road.   "A total of 2,327 kilometres of roads in . . .

The global mood has shifted since Donald Trump’s surprise victory in the US presidential election. Europeans are fretful and Mexicans are panicking but many of the US investors we met in mid-November have become intensely optimistic about the prospects for their own economy. No one is quite su . . .