Company News

$ 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.

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.

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.