African Business News
Sh1.2 Billion Lighting Project Boosts Business in Mombasa
The Mombasa County government and Kenya Power have finished lighting up the town at a cost of Sh1.2 billion in an effort to woo investors and revitalise tourism industry through the Mwangaza Mtaani project.
Foreign investor to inject Sh12.8b into ARM
Kenya’s second largest cement maker ARM Cement Ltd is eyeing a US$125 million (Sh12.8 billion) investment from an international institutional investor should the ongoing negotiations succeed.
Egypt to Sign MOU With Chinese Company to Construct Sixth Metro Line
Egypt's Cabinet agreed on Thursday to proceed with signing a memorandum of understanding (MoU) with China Railway Construction Corporation to finance establishing the sixth line of the underground Metro.
Bwanika to Build Tiles Factory in Teso
Soroti — Presidential candidate Abed Bwanika has promised to tap into the available resources in Teso sub-region by setting up factories.
