Market News

According to a new study by South Africa’s Rand Merchant Bank (RMB), Kenya, Rwanda, and Tanzania are bound to be among Africa’s most attractive investment destinations in 2019. This new study analyzes the countries’ economic and operating environments to assess their potential t . . .

Tanzania’s agenda of industrialization is fast-gaining momentum. Statistics are indicating the registrations of approximately 3,000 small, medium and large scale industries with a number of government industries worth over 5trl in the past year.      This comes at a time when . . .

Siemens announced that they invested R5.5 million in industrial automation equipment for higher learning institutions in South Africa, Nigeria, Tanzania, Ghana and Kenya. CEO of Siemens Southern and Eastern Africa, Sabine Dall'Omo said in a statement that the company's latest investment intends to . . .

 THE government through its industrial development and promotion organization National Development Corporation (NDC) has started to revive the once defunct Kilimanjaro Machine Tools Company (KMT) for the manufacture of machines.   The KMT General Manager, Eng Adrian Nyaluke, said at the . . .

 Japan’s Kansai Paint has agreed to buy three east African paint companies to tap into one of the world’s fastest-growing regions as part of its global expansion.   The company’s South African subsidiary Kansai Plascon Africa is to acquire Sadolin Kenya, Sadolin Uganda . . .