East Africa’s economic powerhouse Kenya is expected to see economic growth and improved foreign direct inflows, a leading analyst has predicted.   “We are expecting increased business in the country and region due to improved business confidence and growth potential in the east African and sub-Saharan region,” Eric Munywoki, Research Analyst at Old Mutual Securities told CNBC Africa.   “We expect this.... Read more »

Posted on : Saturday , 7th November 2015

 The Industrial Development Corporation this week hosted a Conference themed: "Driving South Africa's Competitiveness through Industrial Development."   Many interesting insights emerged from the Conference about how to strengthen South Africa's manufacturing capacity. However, what also emerged is that South Africa has a strong base from which to build.   In this regard, South Africa has developed an established,.... Read more »

Posted on : Wednesday , 4th November 2015

The ministry of trade and industry (Minicom), in partnership with the Export and Import Bank of India (EXIM), have come up with strategies that are geared towards promoting export growth in the country.   Speaking at a stakeholders' consultative meeting entitled 'Enhancing Rwandan Export Potential' yesterday, the permanent secretary of Minicom, Emmanuel Hategeka, said that the issuance of export credit insurance/ guarantees is important.... Read more »

Posted on : Wednesday , 4th November 2015

The Tanzanian Business Registration and Licensing Agency (BRELA), has recently launched an online platform to register companies that will reduce the time of issuing a business certification from three days to one hour.   The new system, created by BRELA’s staff using intern funds, is replacing the software Property Data Profiling (PDP) system developed by a local-private company at a total investment of TZS 800 million which was.... Read more »

Posted on : Tuesday , 3rd November 2015

The Ethiopian Government has recently announced that it will soon open an embassy in Tanzania’s commercial capital, Dar es Salaam, to further support the recent growing bilateral trade between both countries.   The announcement was done by Ethiopia’s Minister for Industries Ahmed Abtew in Addis Ababa, where he receive the Tanzania’s Permanent Secretary in the Minister of Industry and Trade Uledi Mussa to share his.... Read more »

Posted on : Tuesday , 3rd November 2015

The Alabama trade and business development mission to Africa which visited Tanzania’s commercial capital, Dar es Salaam to hold business to business matchmaking meetings, has recently concluded its trip announcing that basis have been set for the development of strategic collaboration and new markets.   The business trip to Tanzania aimed at exploring trade and investment opportunities to enhance relationships developed in 2013 when.... Read more »

Posted on : Tuesday , 3rd November 2015

 The effort of the federal government towards making gas accessible and affordable to Nigerians through its National gas master plan received a boost on Thursday with the inauguration of a new ultra modern $150 million steel pipe mill by President Muhammadu Buhari.   Buhari who was represented by the Secretary to the Government of the Federation (SGF), Babachir Lawal, said the company established by Setraco Construction Company (SCC).... Read more »

Posted on : Tuesday , 3rd November 2015

 It has recorded remarkable improvement in the world's ranking of best destinations for doing business.   The latest edition of the Ease of Doing Business report published by the World Bank and released this week has listed Kenya in position 108, up from the previous 136, making it one of the three most improved countries in the world.   Essentially, the jump is attributed to the Huduma Centres initiative, which has brought.... Read more »

Posted on : Tuesday , 3rd November 2015

Senegal has got into the list of Ethiopia's export destinations for flower and other semi-processed products, according to Hassen Abdulkadir, Ethiopian Ambassador to Senegal.   The Ambassador told ENA in Senegal that the export of cut flowers is in progress while activities are underway to expand export items. Next on the export list are leather and leather products as well as coffee.   Last year, Senegal received 60, 000 USD worth.... Read more »

Posted on : Monday , 2nd November 2015

 Ethiopia is now ready to host a large number of investors from Germany and Europe.   Bilateral relations with emphasis on investment, creating jobs and migration issues in relation to the upcoming Valletta Summit took center-stage when FDRE President Dr. Mulatu Teshome hosted former German President Horst Köhler at the National Palace on Wednesday.   Dr. Mulatu told Köhler that Ethiopia is making structural shift.... Read more »

Posted on : Monday , 2nd November 2015

 Kenya's ranking as an investment destination has improved, largely due to the introduction of Huduma Centres and a campaign to increase electricity connections.   Huduma Centres are one-stop shops where a wide array of government services are offered.   The World Bank's Ease of Doing Business Index 2016 released Wednesday ranked Kenya as the third most improved nation in business regulatory reforms among 189.... Read more »

Posted on : Monday , 2nd November 2015

 Uganda's move to allow online registration of businesses, make faster electricity connections and expand access to credit information, have improved the country as an investment destination.   This is according to the World Bank Doing Business Report 2016, released on Wednesday. Uganda jumped 13 places from 132 to 122 out of 189 economies surveyed in the last 12 months.   In the sub-Saharan Africa (SAA) region, the report.... Read more »

Posted on : Saturday , 31st October 2015