Market News Page No. 134| Africa Business News

Spanish brand " Mango " to enter Kenyan market

Mango, a Spanish clothing chain, has opened a store in Kenya, joining international brands such as Lacoste, Cocolili, Pierre Cardin, Foschini, LC Waikiki, and others that have already pitched tent in mostly Karen, Westgate and Runda malls. The Nairobi store, which will be the largest in sub-Saharan Africa, will mainly stock urban contemporary designs. Christopher Joseph, one of the directors of Mango fashion brand said.... Read more »

Posted on : Saturday , 9th February 2019

East Africa - Leaders in Africa's Agricultural transformation

In implementing Africa's agricultural transformation policies, East African countries are leading. South Africa is second, according to a report on the Malabo declaration. The declaration is a set of agricultural objectives to be achieved by 2025 by the Heads of State at the African Union Summit in Malabo, Equatorial Guinea in June 2014. The Scorecard for African Agricultural Transformation tracks progress in government.... Read more »

Posted on : Saturday , 9th February 2019

EAST AFRICA: BEST INVESTMENT DESTINATION IN 2019

Report from Rand Merchant Bank (RMB) has forecasted that Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019. East Africa being a performing region in last few years has recorded more than an average growth in the number of Foreign Direct Investment (FDI). Justifying to the report, Ethiopia being Africa’s fastest-growing economy, has successfully emerged to.... Read more »

Posted on : Friday , 8th February 2019

East Africa - The most attractive investment spot in the region

According to Africa’s Rand Merchant Bank (RMB), Investment Attractiveness index forecast Kenya, Rwanda and Tanzania will be among Africa’s most attractive investment spot in 2019. According to the report, Ethiopia, which is Africa’s fastest-growing economy, has successfully survived to foster its comparative advantage, especially in agriculture and manufacturing, and its demand for goods and services is increasing remarkably.... Read more »

Posted on : Friday , 8th February 2019

East Africa among most promising destinations for foreign investors in Africa

According to a new study by South Africa’s Rand Merchant Bank (RMB), Kenya, Rwanda, and Tanzania are bound to be among Africa’s most attractive investment destinations in 2019. This new study analyzes the countries’ economic and operating environments to assess their potential to attract investment. In East Africa, the report positions Kenya as the most appealing, ascribed to the political reconciliation after the.... Read more »

Posted on : Thursday , 7th February 2019

East African booming wood industry is an attractive investment destination

According to a new study by South Africa’s Rand Merchant Bank (RMB) Kenya, Rwanda and Tanzania will be among Africa’s most attractive investment destinations in 2019. The RMB Investment Attractiveness index scrutinizes countries’ economic and operating environments to assess their potential to attract investment. Their report, 'Where to Invest in Africa 2019', is a key indicator of Africa’s overall business environment.... Read more »

Posted on : Thursday , 27th June 2019

East Africa retains lead as top investment destination in 2019

Where to Invest in Africa 2019? RMB has the answer. Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019. According to a report prepared after an extensive study by South Africa based Rand Merchant Bank (RMB). The RMB Investment Attractiveness index scrutinises a countries’ economic and operating environments to evaluate their potential to attract investment. Their report is a.... Read more »

Posted on : Thursday , 7th February 2019

Kenya's tallest high-rise apartment units to be completed by 2021

Kenya has disclosed it's plans to construct 2,720 high-rise apartment units in Nairobi’s Ngara estate in a development project that will gift the Kenyan capital its tallest homes beating 22-storey Le’mac Towers, Nairobi’s residential tower. The project is in alignment with the government’s affordable housing agenda. Chinese billionaire Zeyun Yang said, “This iconic project is bound to change the Nairobi skyline.... Read more »

Posted on : Monday , 4th February 2019

Ethiopia inaugurates the biggest airport aviation hub in Africa

Ethiopian Prime Minister Minister Abiy Ahmed has inaugurated the newly expanded Addis Ababa Bole International Airport terminal, the biggest airport aviation hub in Africa exceeding Johannesburg’s O.R. Tambo International Airport. The China-funded project began construction in 2015 at a cost of US $35m. The terminal has been fitted with modern amenities including automated bag drop solutions, e-gates, self-check-in kiosks, baggage.... Read more »

Posted on : Wednesday , 30th January 2019

Ethiopia inaugurates the biggest airport aviation hub in Africa

Ethiopian Prime Minister Minister Abiy Ahmed has inaugurated the newly expanded Addis Ababa Bole International Airport terminal, the biggest airport aviation hub in Africa exceeding Johannesburg’s O.R. Tambo International Airport. The China-funded project began construction in 2015 at a cost of US $35m. The terminal has been fitted with modern amenities including automated bag drop solutions, e-gates, self-check-in kiosks, baggage.... Read more »

Posted on : Wednesday , 30th January 2019

TANESCO Power Project Extends Power Supply Across Africa

In order to exchange electricity effectively the state-owned power utility firm is currently undertaking the Kenya-Tanzania Power Interconnection Project (KTPIP). The project includes building of a 400kV transmission line from Singida to Isinya in Kenya through Babati, Arusha and Namanga. Kenya’s extension of transmission line to Ethiopia and while Tanzania extends the same to Zambia, thus will connect East Africa to the Southern.... Read more »

Posted on : Wednesday , 30th January 2019

New firm gets concession to extract methane gas from Lake Kivu

Rwanda’s energy targets are set to get a boost following the government’s decision to provide a concession to a private investor to start production of methane gas from Lake Kivu. On Monday, a cabinet meeting chaired by President Paul Kagame approved the decision that allows Rwanda Development Board (RDB) to enter concession and implementation agreement with Gasmeth Energy to extract methane gas. It was not immediately clear.... Read more »

Posted on : Tuesday , 29th January 2019