Market News
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Private sector upbeat on increased economic growth as 2015 unravels
Posted on :Saturday , 3rd January 2015
They welcomed the Government’s continued commitment to transforming the country’s infrastructure, mainly roads and installation of electricity.
“This demonstrated guarantee will help reduce the cost of doing business and open up the country to quality investments,” Kenya Private Sector Alliance ( KEPSA) Chief Executive Officer Carol Kariuki said in a tele. . .The East African Business Council all set to boost regional trade
Posted on :Friday , 2nd January 2015
This will be promoted within the business community in the EAC Partner States and is expected to guide the private sector in provision and acquisition of services across the region, Andrew Luzze, the Executive Director East African Business Council, has said.
The new code of conduct is expected to be ready by April 2015.“T. . .East Africa Investments grow by sh9 trillion
Posted on :Friday , 2nd January 2015
The growth, which was mostly driven by a boom in finance, insurance and real estate, accounted for 44% of actual investments, the Uganda Investment Authority (UIA) has said.
Addressing journalists in Kampala recently, the executive director of UIA, Dr. Frank Ssebowa, said the authority registered an 8% growth in actual investments to $46.8m, compared to $43m recorded in the prev. . .China expands investment in Tanzania
Posted on :Friday , 2nd January 2015
The Tanzanian government has begun the compensation process for about 1,000 local residents who will need to be relocated, and construction will begin soon, Abdallah Kigoda, the Tanzanian minister for industry and trade, said at a news conference in Dar es Salaam last month, according to Xinhua, the Chinese state news agency.
Mr Kigoda said that the Chinese side would provide $. . .Firm invests Sh2.2b into African factory
Posted on :Wednesday , 31st December 2014
African EPZ factory commenced operations last week. Located in Mtwapa, Kilifi County, the new factory will manufacture garments for the international market.
Speaking during the official opening of the $25 million (Sh2.2b) factory, Industrialisation and Enterprise Development Cabinet Secretary Adan Mohamed, said the opening of the facility has already created 3,000 direct jobs w. . .Please Select an Option
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