KENYA'S investments in Tanzania have reached 1.685 million US dollars in 518 projects creating 55,762 jobs. The Executive Director of Tanzania Investment Centre, Juliet Kairuki, revealed this in Nairobi recently in Tanzania-Kenya business forum during an official state visit of President Jakaya Kikwete to Kenya.   Juliet Kairuki said, the forum was organized by Kenya Ministry of Foreign Affairs and International Trade, Kenya.... Read more »

Posted on : Wednesday , 14th October 2015

 Uganda is the most improved economy in the East African region in terms of creating a conducive environment for trade and investment, according to the latest Global Competitiveness ranking.   Uganda, which ranked 115 (from 122 last year) of the 144 economies surveyed globally, was followed by Rwanda, whose economy improved from position 62 last year to 58, while Tanzania moved one position to rank 120 globally.   Although.... Read more »

Posted on : Wednesday , 14th October 2015

Foreign Direct investment (FDI) in East Africa grew by 11 percent between 2013 and 2014 buoyed by regional integration, an economic insight reveals. The report released by the Institute of Chartered Accountants in England and Wales (ICAEW) received in Nairobi attributes surge in FDI in the region to efforts for closer regional integration in the East African Community (EAC), which has involved harmonizing investment regulations across the.... Read more »

Posted on : Wednesday , 14th October 2015

The East African Community (EAC) member states are fast tracking the integration of the capital markets in order market the region as a single investment destination, Kenyan officials have confirmed. The Capital Markets Authority (CMA) Acting CEO Paul Muthaura said there is a clear road map for the harmonization of legal frameworks of the five EAC member states.   "The first batch of seven EAC Council of Ministers directives have.... Read more »

Posted on : Wednesday , 14th October 2015

The management of HongXing Steel Company, a Chinese steel manufacturing company based in Lagos, has expressed confidence in the President Muhammadu Buhari's government.   Speaking during a factory tour at the company in Lagos at the weekend, the Managing Director of HongXing Steel Company, Mr. Andy Hu, urged Nigerians to support the federal government in its bid to diversify the economy. Hu, pointed out that with the drop in crude oil.... Read more »

Posted on : Tuesday , 13th October 2015

 Embu town will be transformed into a modern city complete with two by-passes, a railway line, modern stadium and recreational parks, according to an integrated strategic development plan released yesterday. Once the plan is implemented, the city will boast of dual carriageways, ring roads, pavements on all roads, multi-storey parking spaces and dual carriageways. The plan was prepared by Intercontinental Consultants and Technocrats Ltd and.... Read more »

Posted on : Tuesday , 13th October 2015

 "History is built around achievement and creation; and nothing was created in the West Indies" - VS Naipaul.   The Trinidad-born Nobel Prize-winning British writer VS Naipaul's observation should serve as a reminder to many African societies who should know by now that history is usually hinged on creation.   Why then has industrialisation which should normally be the buzzword for Africa considering that the.... Read more »

Posted on : Friday , 9th October 2015

 The East African Community is one of the most vibrant economic blocs on the African continent. With more than 150 million citizens, the five countries that make up the EAC, Rwanda, Kenya, Uganda,  Burundi and Tanzania, are benefitting enormously from the integration brought about by the formation  of the community. We have seen remarkable progress in achieving the objectives of the EAC – widening  and deepening.... Read more »

Posted on : Wednesday , 7th October 2015

 Construction work is well on progress at the Saldanha Bay’s Industrial Development zone in South Africa a move aimed at positioning the Western Cape as a rig repair hub.   According to Western Cape Minister for Economic opportunities, Alan Winde, servicing of oil and gas at saldanha is key for project Khulisa in order for the sector to grow.   If they focus on upstream and midstream services such as rig repair then.... Read more »

Posted on : Monday , 5th October 2015

 Umutoni said the investors representing over 50 Chinese firms have already met with their Rwandan counterparts and pledged to leverage on the country’s good investment climate to scaleup investments in these sectors.   “They said they would take full advantage of the business reforms and new investment code which was recently unveiled by RDB to inject more money into these sectors,” she said.   Han Jun, the.... Read more »

Posted on : Thursday , 1st October 2015

 Umutoni said the investors representing over 50 Chinese firms have already met with their Rwandan counterparts and pledged to leverage on the country’s good investment climate to scaleup investments in these sectors.   “They said they would take full advantage of the business reforms and new investment code which was recently unveiled by RDB to inject more money into these sectors,” she said.   Han Jun, the.... Read more »

Posted on : Thursday , 1st October 2015

 The investors, who are already in Nairobi to attend an international conference, have expressed interest in investing in green energy, one of the fastest growing energy sub-sectors in Africa.   State House Sunday announced Kenya was expecting a host of government and business leaders from across the world.   By end of this week, Italian Prime Minister Matteo Renzi will make his maiden visit to the country. Although this visit.... Read more »

Posted on : Thursday , 1st October 2015