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Firms to invest Sh275b in Kenya
Finish firm Ekorent wants to bring in 200 electric cars by this year's end in a Sh300 million investment.Read more -
KPR Mill opens factory in Ethiopia
KPR Mill in Coimbatore, which is one of the well-known vertically integrated textile companies of India, has started its apparel production in Ethiopia’s Mekelle Industrial Park
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eSwatini unveils $92.8m worth of FDI
The government of eSwatini has introduced Chief Executive Officers of eight foreign companies that are bringing a total investment of $92.8 million.
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Radisson Hotel Group signs three hotels to enter Madagascar
The Radisson Hotel Group has signed an agreement with Groupe Talys, for three hotels to enter Madagascar, namely the Radisson Blu Hotel Antananarivo Waterfront, Radisson Hotel Antananarivo Waterfront and Radisson Serviced Apartments Antananarivo City Centre, which in total, comprises 254 rooms.Read more -
Kenya’s Equity bank to acquire Atlas Mara’s operations in 4 African countries
The transaction will see Equity Bank acquire shares in financial institutions in Rwanda, Zambia, Tanzania and Mozambique.Read more -
Orange launches digital centre in Tunisia
Telecommunication company Orange has launched the “Orange Digital Centre” in Tunisia’s capital Tunis, a place built around a completely new concept and entirely dedicated to innovation.Read more -
Rwanda to Open its Africa’s First Smartphone Factory In April 2019
Paula Ingabire, Rwanda’s minister for information and communications technology (ICT) and innovation, announced that a smartphone manufacturing plant will be opened in Rwanda by Mara Corporation, making it the first country in Africa to locally manufacture full-scale phones. This is due to be achieved by April 2019.
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Seychelles firm to invest US$16 million in shipbuilding yard in Zambia
A firm from Seychelles plans to invest about 16 million U.S. dollars to set up a shipbuilding yard at a port in northern Zambia, a government official said on Friday.Read more -
Rwanda Signs MOU With Economic Development Board Of Madagascar
The RDB (Rwanda Development Board) has today signed an MOU (Memorandum of Understanding) with the Economic Development Board of Madagascar (EDBM).Read more -
Djibouti Signs MoU With Rwandan Firm To Develop Kigali Special Economic Zone Plot
Djibouti Ports and Free Zones Authority (DPFZA) has signed an MoU with the Prime Economic Zones Company limited (PEZ) for the development of its 10-hectare piece of land located in the Kigali Special Economic Zone in Masoro, Kigali.Read more