African Business News

Sh500 Billion for Urban Renewal Project

Nairobi — Nairobi County Government is seeking to raise about Sh530 billion through a Public Private Partnership (PPP) to undertake its urban regeneration and renewal projects within the city.

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Africa Automotive Sensors Market grows

The Middle East & Africa automotive sensors market is expected to increase to $1.45 billion by 2018 at a CAGR of 6.08% over the period 2014-2020

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African states sign cyber-security deal

Uganda, Kenya and South Sudan are among several African states to have signed a new deal on cyber security to protect multi-million-dollar oil and transport projects.

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Africa will be second-fastest growing region for luxury goods through 2019

Rising 5.6% a year, Africa’s luxury retail sales may reach $5.2 billion by 2019.

This is the second-fastest growth rate globally, Euromonitor estimates, trailing only the Middle East.

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