Market News

 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.   Chi . . .

 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 201 . . .

 Kenya plans to reform its company law in order to allow foreign firms to establish local branches that can own 100 percent, a senior official said on Monday. Cabinet Secretary for Industrialization and Enterprise Development Adan Mohamed said during a business forum in Nairobi that Kenya reco . . .

 Four industrial parks in Ethiopia will be constructed in the next two years that will cost US$ 2bn, a senior government official has confirmed.   Trade and industry State Minister Tadesse Haile confirmed that the concerned people have finalized on the inspection of four more parks in th . . .

 Consortium investors from Tianjin, Northern China have pledged to establish an international procurement centre in Livingstone to facilitate the buying and export of Zambian products to China and possible markets.   A business delegation which is in Zambia to explore investment opportun . . .