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

Chama cha Ukombozi wa Umma (CHAUMA) presidential candidate Mr Hashim Rungwe has assured Mwanza residents that his new government will transform the region into an industrial hub where unemployment will become history. He said during a campaign meeting held at Buswelu in Ilemela district on Sunday that Mwanza had many industries which were privatized and others that remained inoperative and left to collapse. If CHAUMMA were voted into.... Read more »

Posted on : Thursday , 24th September 2015

Ambassador Eralp said that working with stakeholders in the tourism sector was among her top priorities and insisted that she would work hard to ensure the sector grows and attracts a good number of visitors from Turkey.   She also offered TANAPA an opportunity to advertise with Turkish Airline Magazine, Skyline Magazine and said the move would assist the national parks authority to attract tourists from over 60 destinations worldwide.... Read more »

Posted on : Thursday , 24th September 2015

The Norwegian Minister for Industry and Trade Ms Monica Mæland said at the launching of Yara Fertiliser Terminal in Dar es Salaam on Wednesday that Tanzania’s commitment to agricultural sector development has been impressive making it attractive to global investors due to its huge potentiality.   “I hope Yara will continue to contribute significantly to agriculture growth and Tanzania remaining committed to creating.... Read more »

Posted on : Thursday , 24th September 2015