Kenya Breaking News, Business Information, Articles, Africa - kenyadetails

The fourth China Forex Expo

Upcoming event: China Forex Expo 2017
Date: May 6th-7th, 2017
Location: Shenzhen, China

The fourth China Forex Expo, the live broadcast of which has attracted 100,000 viewers, was no doubt a fruitful event for both exhibitors and visitors. From October 28-29, 2016, thousands of old and new friends from home and aborad get together at Shenzhen, networking, filling their minds with innovative and state-of-the-art ideas in the industry.

The upcoming China Forex Expo will take place on May 6-7, 2017. To upgrade its influence in the region, the fifth expo will expect 30% increase in attendee numbers and it will introduce more high qualifed and trustworthy brokers to the Chinese market. Meanwhile, a various of activities such latest fintech presentations, workshops, keynote speeches, panel discussions etc will teach you how to profit by trading forex and other financial products.

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Kenya’s Two Rivers Mall to be opened next month

Two Rivers Mall in Kenya is projected to be opened next month after additional time was used to expand it following the immense demand it received from other retailers.

The mega mall being developed by Centum was initially supposed to occupy 1.2m square feet of land but has currently been increased to 1.7m space of land.

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AFRICA - THE NEXT GROWTH MARKET

Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructure. This rapid economic growth is what is creating substantial new business opportunities in the region.

Over the past decade, Africa's real GDP grew by 4.7% a year, on average—twice the pace of its growth in the 1980s and 1990s. This growth was observed across all nations and sectors. By 2009, Africa's collective GDP of $1.6 trillion was roughly equal to Brazil's or Russia's, making the continent among the fastest-expanding economic regions in the world today.

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Kenyan developers eye counties for malls construction

Kenyan developers are now focusing on the markets in the county regions to construct shopping malls; this is according to analysts and realtors.

The analysts argue that the urban areas especially Nairobi has now been filled with so many shopping centres which target the middle class market.

During the 2016 East Africa Property Investment Summit (EAPIS), Britam Asset Manager Chief Economist, Mr. Kenneth Kaniu confirmed the reports and said that apart from the Two Rivers Mall which is scheduled for opening sometime this year, there will be no more space for retails in Nairobi.

“Beyond the Two Rivers Mall expected to open by the end of this year 2016, no further retail space will be required in Nairobi.

He further pointed out that some places for instance Naivasha, Nakuru, Kisumu, Nanyuki and Mombasa present brilliant prospects for malls that range between 1,000 to 10,000 square feet.

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