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Barclays Plc seeks CBK's nod on new Kenya subsidiary
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| Barclays Plc has sought regulatory approval to establish a subsidiary in Nairobi that will handle back office operations for the lenders’ Africa operations— making it the largest investment by the UK Bank in Kenya.
The UK bank isRead More... |
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Ghana set to sell its second Eurobond next year
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| Ghana’s economy is expanding and is considered by many analysts both from the World Bank and the IMF as one of the fastest growing economy in Africa along side Angola.
A Eurobond is an international bond that is denominated in a currenRead More... |
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Tanzania To Increase Renewable Energy Supply
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| A power shortfall the IMF said was a problem to the economic growth of Tanzania is about to be stopped.
East Africa’s second biggest economy, planned to bore its first geothermal power plant next year and increase renewable energy, it Read More... |
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Dar es Salaam Urged to Exploit Business Opportunities in Juba
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| Business people in Tanzania have been urged to exploit the business opportunities available in South Sudan since 90% of what is used in the country is imported.
The Deputy Permanent Secretary in the Ministry of Agriculture Food Security and Read More... |
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Trafigura weighs up £3bn London Stock Exchange flotation
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| A £3bn flotation of parts of the controversial Trafigura commodities trading group could be on the cards in a move that could crystallise the wealth of 700 traders who own the Swiss company.
Trafigura has attracted international scrutiRead More... |
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Telkom Kenya steps up sale of assets to boost cashflow
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| Telkom Kenya has stepped up sale of its assets to boost cash reserves that have been eroded by rising competition and low tariffs in an increasingly competitive market.
The firm has issued a tender for the sale of 11 houses valued at Sh80 miRead More... |
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Kenya to gain from Sh8.5bn grant from OPEC Fund
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| Kenya is one of the beneficiaries of the Sh8.5 billion ($100m) which the OPEC Fund for International Development (OFID) is giving as a grant to 13 African countries.
The fund will go towards providing Kenyans with access to modern, clean andRead More... |
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Two companies cement relationship in US$69.4M deal
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| Rwandan cement manufacturer CIMERWA Ltd has announced it has sold 51 per cent of its equity to South African cement producer PPC Ltd for US$69.4 million.
PPC Ltd is the leading supplier of cement in southern Africa with cement manufacturing Read More... |
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Uganda, Kenya Recharge Plans For Oil Pipeline Link
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| Uganda and Kenya have recharged plans for an oil pipeline aimed at transporting petroleum products between the two east African countries.
Analysts praised the move, saying it was going to be beneficial for both countries as they will be proRead More... |
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Firms Invest U.S. $77.9 Million in Tanzania Industry
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| About five international companies are seeking to invest $77.9m (Tsh124bn) at the Tanzania Export Processing Zone Authority (EPZA), a move which is estimated to create over 3,274 jobs by early 2013.
EPZA said these companies are mostly interRead More... |
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Hitachi, Panasonic to make India base to access Africa, Middle East
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| Hitachi and Panasonic, Japan's two biggest corporations, plan to invest more than Rs 5,700 crore in India as they have identified the country as one of their biggest bets for growth and a base to expand in Africa and Middle East markets.
HitRead More... |
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ICBC Targets U.K. Trading Business
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| Industrial & Commercial Bank of China Ltd. is in talks to buy a controlling stake in Standard Bank Group Ltd.'s U.K. commodities- and foreign-exchange-trading business, according to people with direct knowledge of the matter, in a sigRead More... |
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European Top Quality Electrical and Intelligent Building Expo Enters China!
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| MATELEC EIBT China 2013
March 27-29, 2013
INTEX Shanghai
www.matelecchina.com
Organizers:IFEMA Feria de Madrid
Shanghai Electrical Design & Research Association
Shanghai CHC Exhibition Co., Ltd.
Show MaRead More... |
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Building Electrical and Smart Product will welcome a spring on MATELEC EIBT China
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| Due to the twelfth five year plan of Chinese government, green house and energy saving is a hot topic in China mainland now. Many cities’ government announced that they will provide finance support to those energy saving buildings, which Read More... |
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Kenya's intricate tax system simplified
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| Kenya's complex tax system can now be better understood thanks to the publication of a taxation handbook for citizens by the Institute of Economic Affairs.
The Institute has released “A Citizen’s Handbook on Taxation in Kenya&rdqRead More... |
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