Kenya’s investments in Tanzania grow

Details

Category: Consumer & Household

Published on Wednesday, 14 October 2015 09:08

Written by Super User

Hits: 2640

KENYA’S investments in Tanzania have reached 1.685 million US dollars in 518 projects creating 55,762 jobs. The Executive Director of Tanzania Investment Centre, Juliet Kairuki, revealed this in Nairobi recently in Tanzania-Kenya business forum during an official state visit of President Jakaya Kikwete to Kenya.

Juliet Kairuki said, the forum was organized by Kenya Ministry of Foreign Affairs and International Trade, Kenya Investment Authority, Kenya Association of Manufacturers and Kenya National Chamber of Commerce and Industry and Tanzania Investment Centre.

It attracted around 200 participants including senior government officials, leaders and members of the private sector who represented various sectors particularly energy, manufacturing, education, transport and logistics, financial sector, real estate and tourism.

Read more: Kenya’s investments in Tanzania grow

Kenya's economic growth could be highest in sub Sahara Africa - World Bank

Details

Category: Consumer & Household

Published on Tuesday, 06 October 2015 11:57

Written by Super User

Hits: 2635

Kenya’s economic growth could be the highest in sub Saharan Africa over the next 15 years according to a new World Bank report.

The Bank’s half yearly Pulse report on the African economy said that Kenya’s growth should remain “robust” at around 6.2 per cent until 2030, well above that of many other African economies who will suffer from China’s economic slowdown and restructuring away from foreign investment and towards domestic consumption.

In the shorter term, neighbours Tanzania and Rwanda are set to see even higher growth at over seven per cent of GDP along with Cote d’Ivoire, Ethiopia and Mozambique over the next three years, spurred by investments in energy and transport, consumer spending and investment in the natural resources sector.

Read more: Kenya's economic growth could be highest in sub Sahara Africa - World Bank

French cosmetics giant opens at Garden City

Details

Category: Consumer & Household

Published on Wednesday, 07 October 2015 07:06

Written by Super User

Hits: 2677

French cosmetic giant Lancôme, has entered the Kenyan market through a franchise deal with local firm Lintons Beauty World that will be the sole distributor of its cosmetic products in East Africa.

The Lancôme Kenyan franchise was launched at the Garden City Mall on Wednesday.

Lintons, which was started as a pharmacy shop, entered the cosmetics business in 1998.

It sold the pharmacy business three years ago to concentrate on beauty products.

Read more: French cosmetics giant opens at Garden City

Australia to focus on investment in Africa, rather than aid

Details

Category: Consumer & Household

Published on Tuesday, 15 September 2015 11:42

Written by Super User

Hits: 2604

Rather than focusing on economic aid to African nations, the Australian government’s focus would be on encouraging the private sector to invest in the region, specifically the mining region, Foreign Affairs Minister Julie Bishop said. Speaking on the last day of the Africa Downunder conference, Bishop noted that the Australian government had been working hard to strengthen trade and business investment partnerships with Africa. Australia’s trade with Africa was worth A$10-billion in 2014, up from A$7-billion in 2009, with Bishop noting that the mining industry was at the forefront of this charge. “Africa is home to 30% of the world’s mineral resources and mining companies have been scaling up their investment in Africa for many years now.

Read more: Australia to focus on investment in Africa, rather than aid