Market News Page No. 291| Africa Business News | Afrotrade

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Africa is next centre for global economic growth, says Museveni

Ugandan President Yoweri Museveni has called for increased investment in Africa, calling it the next centre for the world’s economic growth. In a State House press statement issued on Monday, Mr Museveni described the economic situation in Africa as “very good” despite some bottlenecks while speaking at the third edition of the two-day Global African Investment Summit held in the Rwandan capital, Kigali..... Read more »

Posted on : Thursday , 8th September 2016

Kenya joins Smart Africa Alliance to boost data sharing

Kenya has signed into the Smart Africa Alliance, joining hands with 12 other African countries to create a single digital market to boost data sharing. The Smart Africa Alliance is geared towards connecting, innovating and transforming the continent into a knowledge economy with an ambitious target of fundraising $300 billion for developing the IT ecosystem in Africa by the year 2020 thereby driving global competitiveness and job.... Read more »

Posted on : Thursday , 8th September 2016

Real estate boom in Kenya goes to the small towns

For a long time, the focus has been on the major cities and towns when we talk about real estate hotspots. Nairobi came first, then Kisumu and Mombasa caught on. While the advent of devolution has brought with it stories on how land and construction is picking up, I got a first-hand experience in Isiolo last week. Isiolo is a small town by any standards. It is dwarfed by its neighbour Meru and even Nanyuki has a bigger name. The.... Read more »

Posted on : Thursday , 8th September 2016

Mega housing projects changing face of Mtwapa

A new housing development by the Kenya Medical Association is changing the face of Mtwapa in Kilifi Country. The Sh1 billion complex consists of 20 blocks, each with eight two-bedroom apartments on a five-acre plot located just after Greenwood Resort. It was completed in June and is ready for occupation. Each of the 160 apartments has an ensuite bedroom with an extra bathroom for guests. A reverse osmosis water purifier ensures.... Read more »

Posted on : Thursday , 8th September 2016

Tea farmers to get second bonus pay of Sh36.26 per kilo

Small holder tea farmers under the Kenya Tea Development Agency (KTDA) will now get a bonus of Sh36.26 per kilo of green leaf as the second payment for the financial year 2015/2016. This brings the total bonus payment to the farmers for the full year to Sh50.26 per kilo after an initial payment of Sh14 per kilo. Last year the farmers received a total of Sh41.61 per kilo. KTDA Chief Executive Officer Lerionka Tiampati says.... Read more »

Posted on : Thursday , 8th September 2016

Kenya to invest Sh20bn in agriculture over five years

Kenya plans to invest Sh20 billion in the agricultural sector in the next five years to improve the interests of farmers in the country. This was announced by President Uhuru Kenyatta when officially opening the sixth Africa Green Revolution Forum in Nairobi. President Kenyatta said the move is intended to facilitate more than 150,000 farmers with access to markets, finance and insurance for machinery among.... Read more »

Posted on : Thursday , 8th September 2016

Volkswagen to start assembling cars in Kenya

Volkswagen has signed a deal to use the Kenya Vehicle Manufacturers in Thika to assemble its popular models beginning with the Volkswagen Vivo. The first fully Kenya assembled Vivo is expected to roll out of the Thika plant by December this year. Making the announcement Wednesday, President Uhuru Kenyatta said the plant will then expand into a fully fledged assembly operation producing a range of vehicle.... Read more »

Posted on : Thursday , 8th September 2016

Local Vehicle Assembly to restart with Renault introducing its first cheap locally assembled vehicle

Local assembly of motor vehicles has received a big boost after Volkswagen South Africa signed a deal with the government, to assemble vehicles in Thika. The deal will see Volkswagen use the Kenya vehicle manufacturer’s facility in Thika to assemble popular models beginning with the Volkswagen vivo. The first fully Kenya assembled vivo is expected to roll out of the Thika plant by December this year. The return of Volkswagen is a.... Read more »

Posted on : Thursday , 8th September 2016

How to advance Kenya economic, political interests through TICAD

This weekend, Nairobi hosts the sixth Tokyo International Conference on Africa’s Development (TICAD) and the first outside Japan. The Nairobi summit is expected to build on various resolutions made during the TICAD V in 2013, which had focused on six issues. They included boosting economic growth; accelerating infrastructure development; empowering farms; promoting resilient growth; creating inclusive society for growth; and.... Read more »

Posted on : Wednesday , 7th September 2016

TWO MORE OF CYRUS� CHARGING MACHINES IN SOUTH AFRICA

Any foundry that has origins dating back to the 1940´s and is still operating is a rare occurrence in South African foundry industry. NI-Foundry, formerly known as Guestro Casting and Machining, is one of a few. NI-Foundry belongs to Naledi Inhlanganiso (Pty) Ltd and is a manufacturing group established in 2013 focusing its operations on iron and steel manufacturing for the rail, mining, energy and automotive market.... Read more »

Posted on : Wednesday , 7th September 2016

KDA inputs to Kenyan government oral health position at RC66

Congratulations and thanks to the Kenya Dental Association for contributing to their national government position during the debate to launch the ‘Regional Oral Health Strategy for Africa 2016–2025. The Strategy was discussed and adopted by 47 Ministers of Health from the WHO African region on 20 August, during the 66th Session of the WHO Regional Committee for Africa (RC66, Addis Ababa, Ethiopia, 19 to 23 August.... Read more »

Posted on : Wednesday , 7th September 2016

Tanzania: Enterprise Growth Market Cap Reaches 120 Billion/-

Enterprise Growth Market (EGM), Dar es Salaam Stock Exchange second window, has proved to be a catalyst for growth. The alternative offers opportunities for small and medium-sized companies, total market capitalisation reached 120bn/- at the end of last month. DSE Chief Executive Officer Moremi Marwa said in Dar es Salaam yesterday that the alternative market offers opportunities for SMEs to migrate from their current.... Read more »

Posted on : Wednesday , 7th September 2016

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