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  • $ 988 million was payed by Barclays for its African subsidiary

  • In January this year, Hima Cement started construction of a $40m (Shs145 billion) grinding plant in Tororo District that will increase their cement production from 0.9 metrictonnes a year to 1.9 million metric tonnes by June 2018.

  • the macroeconomic environment slowed down, but the population addition requires a larger household consumption, like foods, daily necessities, etc.The investors could turn the regards to a new sector, the retail, the supermarket.

  • The companies 'selected' to produce steel for the Standard Gauge Railway (SGR) need $7.2 million (Shs25.5 billion) to tailor their products to Chinese requirements.

  • Leading African airline, Kenya Airways will introduce a direct flight between Nairobi and Victoria Falls starting on May 18.

  • 2017-02-16


    Regional lender I&M Bank Tuesday launched its initial public offering on the Rwanda Stock Exchange, as the Rwandan government offloads its 19.61 stake in the local unit.

  • 2017-02-14


    Jufeel International Group from China in collaboration with PMAS Company Tanzania plan to invest 20m US dollars in the aloe vera industry.

  • Addis Ababa — Ethiopia's parliament on Tuesday approved a 250-million-U.S.-dollar loan agreement made with China's Export-Import (Exim) Bank to finance major infrastructure construction in the country.

  • A sharp drop in Crane Bank’s liquidity position and the need to keep it as a going concern saw DFCU Bank beat other bidders to take control of the troubled lender.

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