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Market News

  • Kenyan government to establish modern centre to support investors

    Posted on :Friday , 2nd January 2015

     The centre – one of the latest moves by the Government to make Kenya investor-friendly – will bring Government ministries and agencies involved in investment facilitation under one roof.

    “Our intention is to second senior officers to the Centre with sufficient authority to make decisions.   I have directed the Ministry of East African Affairs and other Minis. . .

  • 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. . .

  • Over 100 investors eye African Upcoming Project

    Posted on :Wednesday , 31st December 2014

     The ranch covering 1.78 million acres is located between Rivers Galana and Tana, which have adequate flow to supply water for irrigation.

    Agriculture Principal Secretary Sicily Kariuki said the project to ensure a million acres have been irrigated by 2017, has seen various investors express interest.  “Over 100 investors have expressed interest in writing since last y. . .

  • EAC explore trade opportunities with the Eurasian Economic Union

    Posted on :Wednesday , 31st December 2014

     According to the statement, this was one of the resolutions agreed on during a recent meeting between EAC ambassadors in the Russian Federation and representatives of the EEC that took place at the Kenyan Embassy in Moscow, Russia.

    Rwanda was represented by Amb Jeanne d’Arc Mujawamariya and first secretary, Francis Karagire.
    “The meeting was aimed at lear. . .

  • East Africa Sees Growth Accelerating on Investments

    Posted on :Tuesday , 30th December 2014

     Growth in Kenya, East Africa’s biggest economy, is expected to accelerate over the next three years as the government increases spending on roads, railways and power plants, the National Treasury said.

     
    The economy may expand 6.1 percent in the fiscal year that ends on June 30, 2015, Geoffrey Mwau, economic affairs director at the Treasury, said today in . . .

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