|
Citibank expects revenue to rise in Africa
|
| CITIBANK is expecting to grow revenue in Africa as it sees opportunities in increased trade and investment, urbanisation and digitisation.Citi country officer Donna Oosthuyse says growing intra-African trade, increasing urbanisation and technologicalRead More... |
|
Kenya's $100 billion hidden mineral deposits
|
| Kenya’s profile as a potential top rare earth minerals producer rose a rung higher after mineral explorer Cortec announced it had found deposits worth $62.4 billion.Mrima Hill, in the coastal county of Kwale, has one of the top five rare earth Read More... |
|
China to build Nairobi Southern bypass
|
| Talks between Kenya and China over the construction of the Nairobi Southern by-pass are almost complete, Roads minister Franklin Bett has said.According to the minister, negotiations for the loan agreement are at the final stages and construction worRead More... |
|
Egyptian firm bets on Kenya's construction boom
|
| THE thriving construction industry in the country has enticed an Egyptian paints company - Mido_ to launch its range of paints in the already competitive local market.Mido which is one of the largest paint exporters in the continent has first launcheRead More... |
|
Fusion Group to build Sh1.2bn Upper Hill office block
|
| Private Equity firm Fusion Group has announced plans to build a Sh1.25 billion office block in the Upper Hill area of Nairobi.“Fusion (Group) announces the syndication launch, for a new $14.7 million (Sh1.25 billion) commercial office developmeRead More... |
|
Hazina Trade Centre: Construction of Nairobi's tallest tower begins
|
| The National Social Security Fund (NSSF) has set off construction works on the 39-story Hazina Trade Centre in Nairobi, which is expected to be the tallest building in East Africa.The building, which has been architecturally designed by Mruttu & Read More... |
|
Construction of Kenya's $9b 'Silicon Valley' to start in October
|
| Construction of the Ksh800 billion ($9 billion) Konza Technology City on 5,000 acres in Kenya will start in October 2012.The Silicon Valley inspired project located in Machakos County 60km from Nairobi, will have world-class infrastructure and technoRead More... |
|
EU offers Southern Africa grant for projects
|
| THE European Union (EU) is due to extend a €100m grant to Southern Africa for infrastructure projects in transport, energy, water and telecoms. This was revealed on Wednesday in an announcement meant to coincide with the EU-South Africa summit iRead More... |
|
Boost for Indian shrimp export from Southeast Asian malady
|
| The Indian shrimp export sector is likely to gain this year due to widespread damage to shrimp farms in Southeast Asia, due to a disease called Early Mortality Syndrome. Processing units in these countries will have to import to meet commitments withRead More... |
|
Yen edges higher in Asia
|
| The yen edged up against the dollar in Asia Friday morning as investors adjusted their positions ahead of Japan’s upper house election.
The dollar bought 100.42 yen in morning trade, compared with 100.50 yen late in New York but still well up Read More... |
|
Saudi's Mobily Q2 Net Profit Rises 13.4%
|
| Etihad Etisalat (Mobily), Saudi Arabia’s number two telecom operator, beat analyst forecasts with a 13.4 per cent rise in second-quarter net profit on Tuesday as revenue from data and business services increased and the firm made efficiency gaiRead More... |
|
Gulf Arab States Eye Arabian Sea For Safer Water Supplies
|
| Gulf Cooperation Council countries (GCC) are planning a joint water supply system that takes seawater from outside the Gulf and distributes drinkable water across member states, an official at the GCC Secretariat General said.Scarce fresh water supplRead More... |
|
Abu Dhabi World's Best Market For Rolls-Royce
|
| The Dubai Land Department (DLD) has announced that around 30,469 transactions worth Dhs108 billion were completed in the first half of the year, up 30 per cent from the same period last year.According to the figures, the number of sales transactions Read More... |
|
Mauritius offers Africa investment route for Indian firms
|
| Having been a preferred route for foreign investors coming to India for a long time, Mauritius now wants Indian companies to use its platform for their outward investments to Africa. Presenting it as a 'gateway to Africa' for investments in variRead More... |
|
Big growth spurt in Africa deals
|
| The value of mergers and acquisitions in sub-Saharan Africa has increased by 86% in the first half of this year compared with the same period last year.It has reached a total of $15.8-billion, substantiating the notion that investor confidence in theRead More... |
|
|
