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Transport Snags Hamper Business in East Africa
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| SCALLING up infrastructure investments and adopting modern methods of management have been identified as significant benchmark in realising potentials in the business sector to contribute immensely to economic growth of the East African Community (EARead More... |
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Marriott agrees to buy African hotels business
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Marriott International has agreed to buRead More... |
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Africa's mobile data business to be worth US$23 billion in 2018
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| Findings from research commissioned by Informa Telecoms & Media in July 2013 on trends in global mobile data usage shows that the rise in digital service usage will drive Africa's mobile data business to be worth US$23 billion in 2018.Of the 12 cRead More... |
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Petronas Q3 net profit up 16% on year
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| Malaysia's state oil firm Petroliam Nasional (Petronas) posted a 16 percent rise in third-quarter net profit, helped by higher demand for crude oil and a return to production inSouth Sudan.Net profit in the July to September period rose to 14.47 billRead More... |
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SA to lend $314m for Tanzania power plants
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| The Development Bank of Southern Africa is lending Tanzania $314 million for two power plants, South Africa's treasury said on Thursday, as the east African nation country looks to tap more of its abundant gas reserves.The state-owned lender has undeRead More... |
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Kenya, Rwanda, Uganda launch joint visa
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| Kenya, Rwanda and Uganda will introduce a joint East African visa from 1 January 2014. The Kenya, Rwanda and Uganda Ministers and High Commissioner officially made the announcement of the new cross-border visa this week at the Rwanda Development BoarRead More... |
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Saudi billionaire eyes Uganda market again
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| Four years after he pulled out of a multi-million dollar project to construct a five-star hotel in Kampala, Saudi Arabian billionaire, Prince Al Waleed bin Talal bin Abdul Aziz al Saud, is seeking new investment opportunities in Uganda.Prince Al-WaleRead More... |
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Uganda's economy on growth path
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| Uganda’s economy is set to grow by 6.25 percent this year on the back of low inflation and significant investment in hydropower and roads that would also create jobs, the IMF said on Monday.In September, Uganda revised its full year growth rateRead More... |
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African tech startups aim to power growing economies
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| When Abasiama Idaresit started a digital marketing firm in Nigeria’s bustling economic capital three years ago, he quickly learnt how brutal life can be in a market where tech startups are in their infancy.No one would lend him money to hire stRead More... |
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Sub-Saharan Africa leads world in fastest mobile growth
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| Sub-Saharan Africa has the fastest mobile growth in the world, an industry report published November 11, 2013 has confirmed. As at June 2013, there were 253 million unique mobile subscribers and 502 million connections, mobile operators body GSM AssoRead More... |
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Tata Africa in franchise deals to sell building equipment
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| Tata Africa Holdings (TAH) has entered into franchise agreements with Asian building-equipment makers to distribute their machinery and equipment throughout Africa.TAH has signed agreements with Hitachi Construction of Japan, India's Aquarius EngineeRead More... |
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IBM research lab officially opened in Kenya
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| Kenyan President Uhuru Kenyatta has officially opened the first commercial technology research facility in Africa at an inauguration ceremony in Nairobi. The facility is IBM's 12th global research lab, and is supported in Kenya by the Ministry of InfRead More... |
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Honda opens motorcycle factory in Kenya
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| Honda motorcycle Kenya Chief Executive Officer Yasuhiro Imazato says the factory has the capacity to make 25,000 motorcycles a year.He says the factory is set to meet the increasing demand as the Boda Boda market in Kenya makes up 90 percent of all 1Read More... |
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Dutch Businesses in Kenya on Trade Mission
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| The aim of the trip was to further strengthen diplomatic and economic relations between the Netherlands and Kenya. The main themes of the trade mission were agriculture and infrastructure, particularly maritime infrastructure.
Kenya is a developing Read More... |
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Kenya's economic growth remains promising, bank says
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| The African Development Bank (AfDB) has expressed confidence about the country’s growth prospects, largely boosted by the country’s resilience in the face of economic and political challenges. The bank noted that a diverse private seRead More... |
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