Market News
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UK based Company Looks at Investment To East Africa
Posted on :Wednesday , 21st January 2015
Old Mutual PLC Friday said it is buying a 23.3% stake in Kenya-based UAP Holdings Ltd, an East and Central African financial services company, for KES8.88 billion, or about USD97.6 million, part of its strategy to expand in Africa.
The acquisition comes as the FTSE 100 investment, savings, insurance and banking group looks to grow customer numbers in Africa, excluding South Afri. . .East Africa: The leap towards Industrialization
Posted on :Monday , 19th January 2015
Kenya Commercial Bank is still the biggest bank in the region, with Tier 1 capital of $567m, up from $479m last year, followed by another six Kenyan banks.
The country has one of the most developed banking sectors in Africa but it is also one of the most competitive, with a very developed mobile banking sector as well as traditional, banks with a physical presence.D. . .
Growth in Industrial Investment
Posted on :Monday , 19th January 2015
MSCSA is a leading supplier of value-added steel products and arguably one of the country’s largest privately owned businesses, which has been in operation since 1904 and supplies the full range of carbon steel, special steel, stainless steel, aluminium products and value-added steel processes to more than 10 000 customers in various industry sectors across sub-Saharan Africa.
. . .Arica the next Investment Hub
Posted on :Saturday , 17th January 2015
International businesses are still not very aware of Africa&rsquo. . .
Finland Investing in hardware development in Tanzania
Posted on :Saturday , 17th January 2015
DARES SALAAM: A bilateral project supported by Finland in Tanzania is diversifying to hardware development business starting this year. The project implemented through Tanzania Science and Technology ( Tanzict) is taking giant leap into ambitious three - dimensional ( 3D) printer development at its innovation hub based in Dar es salaam. Confirming the new developments, co-manager at Tanzi. . .
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