Market News
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A new era of investment in Africa
Posted on :Thursday , 8th January 2015
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.But with massive infrastructure projects being planned throughout Africa, su. . .Africa woos Chinese investors
Posted on :Thursday , 8th January 2015
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 transportation, international cooperation, industry and trade as well as electricity and en. . .Investment helps the East African Shilling grow Stronger
Posted on :Wednesday , 7th January 2015
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 dollar buoyed by month end flows and shilling obligations,” NMB says.The. . .East Africa: Proposed steel plant for renewed Industrial growth
Posted on :Wednesday , 7th January 2015
The plant, which will have the capacity to produce 157,000 tonnes of steel products each year, is expected to go a long way in providing affordable raw materials for the country’s growing construction industry.
Top Steel Kenya Limited is the company behind the plans for setting up the multi-billion shilling facility in Mwavumbo area of Kwale County and is in the process of. . .East Africa & South Korea discuss bilateral ties
Posted on :Wednesday , 7th January 2015
President Paul Kagame and his South Korean counterpart Park Geun-hye yesterday held talks focusing on fostering bilateral relations between the two countries. The meeting at the South Korean leader’s residence in Busan marked the end of Kagame’s two-day visit to the East Asian country. By tapping into South Korea's transformation from a developing nation to among. . .
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