Market News

 According to Reuters,Egyptian Steel chairman Ahmed Abou Hashima said the company planned to also increase production capacity by seven-fold over the next two years. “The market in Egypt is very promising. We have a very large population and increasing consumer demand,” said H . . .

 The company plans to begin operations in early 2015 and will produce 1.2bn cans annually, it stated. Motti Goldmintz, CEO of GZ Industries, said, "The decision to invest in an aluminium can line follows a significant upturn in the demand for canned beverages in Kenya. The total annual product . . .

 AS a measure targeted at improving the growth of Information and Communications Technology (ICT) in Nigeria, the National Information and Technology Development Agency (NITDA) has informed of plans by the country to sign a Memorandum of Understanding with countries including Israel, India, Chi . . .

 African Leadership Academy (ALA) identifies young leaders from across Africa and enables them to practice and develop leadership through a hands-on and unique entrepreneurial leadership program at its Johannesburg campus in South Africa. The Academy then connects these young leaders with oppor . . .

 Â Communications and IT Solutions provider AccessKenya Group has completed the rollout of its metropolitan fiber network in key target areas around Nairobi and its environs. The move is expected to grow the firm’s connectivity propositions in Industrial area, Ruaraka, Westland . . .