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Market News

  • Atlas acquires East African bottling plant

    Posted on :Friday , 11th December 2015

     Atlas Development & Support Services Limited has announced it has completed its acquisition of East Africa Packaging Holdings Limited

    Atlas Development aleksandr huntaA glass bottle manufacturing facility will be built 45 km north of Addis Ababa, Ethiopia.The Chancho Project, which will be rolled out by East Africa Packaging Holdings, will involve designing a glass bottle ma. . .

  • Kenya\'s Exports to Go Up By Sh10 Billion

    Posted on :Friday , 4th December 2015

    Kenya's manufacturing sector is set to get a new growth stimulus when an Africa-wide trade pact that could provide access to a big market is implemented.

     
    In June, African leaders signed a 26-nation pact -- the Tripartite Free Trade Agreement (TFTA) -- to create a common market covering half of the continent.
     
    As the regional trade integ. . .

  • China to Place Zim On Investment \'Priority List\'

    Posted on :Wednesday , 2nd December 2015

    Happiness Zengeni and Tinashe Makichi Zimbabwe's economic fortunes are set to change dramatically once it is admitted into an exclusive group of countries being targeted by China for investment.

     
    International Co-operation Centre-National Development Reform Commission of China director-general Dr Cao Wenlian told a China-Zimbabwe Business Forum yesterday that China w. . .

  • Crown Paints to construct a manufacturing plant in Kenya

    Posted on :Saturday , 28th November 2015

     Crowns Paints Kenya Ltd is planning to construct a factory in the Western Kenya that will help reduce cost of transporting paint from its Nairobi plant.

     
    The new plant which is also expected to help increase the output of the company will cost US$ 4m for it to be complete.
     
    Chief Executive of Crown Paints Rakesh Rao confirmed the r. . .

  • East Africa businesses get help to tap American market

    Posted on :Monday , 23rd November 2015

     Major plans are underway to boost the capacity of micro, small and medium-sized enterprise players to enable them leverage on the African Growth and Opportunities Act (Agoa) through exports to the US market.

     
    Experts say that despite the recent Agoa Extension and Enhancement Act of 2015, giving Kenya the opportunity to increase its trade volumes with the US, th. . .

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