Market News

 The government will next month sign free trade agreement with the Middle East Kingdom of Jordan that would enable smooth movement of goods and services from both countries.   Speaking to this paper in a telephone interview the Vice Chairman of Tanzania Chamber of Commerce Industry and A . . .

 Norwegian paint maker, Jotun, has announced a Shs250million investment in Kenya as it strives to increase its market presence and grow its business in the country and East Africa region. The funds are already being invested in setting up regional offices in Nairobi, a warehouse and recruiting . . .

 The Netherlands Trust Fund III (NTF III) Export Sector Competitiveness Programme, a three-year, multi-phase Dutch-backed project with the International Trade Centre (ITC), has completed the company selection process for the projects in Kenya and Uganda. 33 Kenyan and 30 Ugandan companies were . . .

 THE good investment environment in Tanzania has enabled the country to take the lead in attracting Foreign Direct Investment (FDI) in the East African Region by USD1.1 billion (1.76 trillion/-) in 2012. And President Jakaya Kikwete has reiterated the country's commitment to attract more inves . . .

 Egyptian private-equity company Qalaa Holdings SAE is investing $70 million to accelerate the movement of rail cargo carried from East Africa’s busiest port, as it faces competition from a new Chinese-backed link. Qalaa controls Rift Valley Railways Ltd., the operator of a railway built . . .