Market News

 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 tra . . .

 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 dol . . .

 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 m . . .

 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 Asi . . .

Africa should raise the profile of the manufacturing sector by investing in local value addition of its mineral industry to hedge against the falling prices of copper on the world market.   Zambia Association of Manufacturers (ZAM) president Bright Chunga said decisive choices must be made su . . .