Market News

 In the wake of the global economic crisis, Kenya’s exports grew rapidly, rising from KSh344.9bn ($3.9bn) in 2009 to KSh409.8bn ($4.6bn) in 2010, a jump of 18.8%, according to the Kenya National Bureau of Statistics. Even amidst the slowdown in eurozone demand, overseas sales continued to . . .

 Kenya’s government is currently considering the final iteration of a bill that would establish three special economic zones (SEZs) within the country. The SEZs will allow lower levels of taxation and fewer regulatory hurdles, and will focus primarily on industrial activity, in particula . . .

 UK Export Finance (UKEF), the UK's export credit agency, has announced that it is making enhanced cover available to UK exporters competing for business in Rwanda. Enhancing the cover available means that, for the first time, UKEF will be able to provide guarantees for repayments to banks fin . . .

 Oromia is conducting a study which could lead to the establishment of an autonomous body that will be fully in charge of industrial development in the region, instead of the Industry & Urban Development Bureau as is the case now. This follows from Addis Abeba, which set up the Industry Develo . . .

 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. East Africa i . . .