Market News

 India aims to boost investment in industrial, economic and social sectors of Africa as the 54-nation continent tries to ramp up development to alleviate poverty, the UN General Assembly was told Friday. "Scaled-up investments in infrastructure, both economic and social, as well as in producti . . .

 Fundraising by Africa-focused private equity has rebounded after the global financial crisis, buoyed by support from the international development finance institutions. Now, the industry hopes to unlock billions of dollars held in African pension funds to dramatically increase the resources av . . .

 A scale weighing China's outward direct investments across the globe currently tilts heavily toward Asia, at a whopping 70 percent of total volume by 2013, most of which was poured into Hong Kong. Africa, on the other hand, received less than 5 percent of China's total ODI, at $3.37 billion. . . .

 Poised to make sweeping economic reforms at a major development conference in March, Egyptian leaders played up their existing cooperative ties with China during a recent visit to Beijing. At the Egyptian embassy in Beijing early this month, a delegation that included Egypt's ministers of tra . . .

 National Microfinance Bank (NMB) says in its e-Market report that the shilling close on the strong foot against US dollar, the major trading currency, buoyed by end-month local money demand. “The local currency closed the 2014 yearly trading session on a stronger footing against the dol . . .