The plant, which will have the capacity to produce 157,000 tonnes of steel products each year, is expected to go a long way in providing affordable raw materials for the country’s growing construction industry. Top Steel Kenya Limited is the company behind the plans for setting up the multi-billion shilling facility in Mwavumbo area of Kwale County and is in the process of seeking approval from relevant regulators. According to.... Read more »

Posted on : Wednesday , 7th January 2015

 President Paul Kagame and his South Korean counterpart Park Geun-hye yesterday held talks focusing on fostering bilateral relations between the two countries.   The meeting at the South Korean leader’s residence in Busan marked the end of Kagame’s two-day visit to the East Asian country.   By tapping into South Korea's transformation from a developing nation to among the top 20 economies in the world, the two.... Read more »

Posted on : Wednesday , 7th January 2015

Africa should raise the profile of the manufacturing sector by investing in local value addition of its mineral industry to hedge against the falling prices of copper on the world market.   Zambia Association of Manufacturers (ZAM) president Bright Chunga said decisive choices must be made such as local value addition in the mining industry.   This would help tackle effects resulting from fluctuations in the prices of copper on the.... Read more »

Posted on : Tuesday , 6th January 2015

 The total investment  in 2014 has hit a staggering amount of more than D4M, according to its officials.   Most of the investment was focused on water supply, education, health, environment and conflict resolution, the Siffoe based youth-led organisation chairperson, Kalifa Kanteh, disclosed.   Speaking Saturday during the organisation's third annual assembly, he said their projects were divided into 12 core areas; all of.... Read more »

Posted on : Tuesday , 6th January 2015

 The ECOWAS Commission in Abuja, ECOWAS, West African Economic and Monetary Union (WAEMU) and the European Union, together with implementing partners has launched two major programmes representing an integrated initiative, which aims at promoting intra- and inter-regional trade, improving the business climate and strengthening the productive capacity of West Africa.   These initiatives are aimed at fostering economic growth and.... Read more »

Posted on : Tuesday , 6th January 2015

 “We as a country have worked hard over the years to ensure that our future is stable by ensuring peace and security,” he said. Bitature, who is the chairman Simba Group of Companies made the remarks before the Belgium business community in Uganda at the second gathering of the Belgium Uganda Business Forum. The forum was held at the residence of the Belgium ambassador in Uganda. He said the private sector in Uganda, to which.... Read more »

Posted on : Saturday , 3rd January 2015

 “We expect to start operations in various countries from next year. Our approach will involve acquiring existing companies as well as starting new ones,” said the Company‘s Chairman Nizar Juma.   In an interview with Business Beat, Mr Juma explained that the company has already started the process of setting up companies in Ethiopia, DRC Congo, Mozambique, Madagascar, Senegal and Côte d’Ivoire in West.... Read more »

Posted on : Saturday , 3rd January 2015

 They welcomed the Government’s continued commitment to transforming the country’s infrastructure, mainly roads and installation of electricity. “This demonstrated guarantee will help reduce the cost of doing business and open up the country to quality investments,” Kenya Private Sector Alliance ( KEPSA) Chief Executive Officer Carol Kariuki said in a telephone interview. She said the business sector is expected to.... Read more »

Posted on : Saturday , 3rd January 2015

 This will be promoted within the business community in the EAC Partner States and is expected to guide the private sector in provision and acquisition of services across the region, Andrew Luzze, the Executive Director East African Business Council, has said.   The new code of conduct is expected to be ready by April 2015.   “The Code seeks to incorporate key themes that are internationally recognised as basic.... Read more »

Posted on : Friday , 2nd January 2015

 The growth, which was mostly driven by a boom in finance, insurance and real estate, accounted for 44% of actual investments, the Uganda Investment Authority (UIA) has said. Addressing journalists in Kampala recently, the executive director of UIA, Dr. Frank Ssebowa, said the authority registered an 8% growth in actual investments to $46.8m, compared to $43m recorded in the previous quarter. He added that the business service sector.... Read more »

Posted on : Friday , 2nd January 2015

  The Tanzanian government has begun the compensation process for about 1,000 local residents who will need to be relocated, and construction will begin soon, Abdallah Kigoda, the Tanzanian minister for industry and trade, said at a news conference in Dar es Salaam last month, according to Xinhua, the Chinese state news agency. Mr Kigoda said that the Chinese side would provide $412.5 million for the project, located in the Kurasini area.... Read more »

Posted on : Friday , 2nd January 2015

 The centre – one of the latest moves by the Government to make Kenya investor-friendly – will bring Government ministries and agencies involved in investment facilitation under one roof. “Our intention is to second senior officers to the Centre with sufficient authority to make decisions.   I have directed the Ministry of East African Affairs and other Ministries involved to hasten this process,” he said. The.... Read more »

Posted on : Friday , 2nd January 2015