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SA Firm Aims to Ease Bank Queues with Automated Cash Deposit System
April 28 | east africa investment | 299 views | 0 Comments

Businesses handling large volume of cash in transactions are set to cut the time it takes to validate and sort bank notes with the introduction of a new banking system. The Automatic Cash Deposit Machine (ACDM), a product of South Africa’s CashAccessSys was Introduced into the market mid-April and is expected to significantly reduce long queues […]

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Kenya reviews tea taxes to boost main foreign exchange earner
April 26 | east africa investment | 247 views | 0 Comments

Kenya is reviewing taxes and levies on tea production after industry executives and farmers said the charges were putting them at a competitive disadvantage. Producers of Kenya’s No. 1 export earner complain about a 1 per cent levy on tea sold at a weekly auction in Mombasa and a 16 per cent value added tax […]

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KenGen woos financiers to its mega power investments
March 14 | east africa investment | 363 views | 0 Comments

Kenya Electricity Generating Company (KenGen) has received several commitments for the financing of its various projects as it seeks to spend a total of Sh140 billion ($1.4 billion) in the period to 2019 to meet the surging power demand. Some international development and donor agencies are proposing to finance some of the projects with KenGen […]

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January 29 | east africa investment | 402 views | 0 Comments

The focus on innovation is emerging as a key theme in the Africa Union’s long-term strategy, Agenda 2063, as Africans find better ways of solving local problems and innovation on the continent continues to grow. Despite challenging factors such as access to capital, inadequate infrastructure and poor technical manpower, Africa is brimming with a rising generation of […]

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Entrepreneurship to come to life through circular African economies
January 22 | east africa investment | 410 views | 0 Comments

Entrepreneurs create and bring to life new technologies, products and services, building new markets and jobs along the way. Africa’s role on the global stage as a hub for economic growth and empowerment opportunities continues to gather pace. However, there are critical challenges, in particular the need to create a significant number of jobs for the […]

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Public Transport in Morocco to Receive US$200 Million Boost
December 17 | east africa investment | 401 views | 0 Comments

Morocco is overhauling its urban public transport to meet the demand of its growing urban population. To support this, the World Bank has announced a US$200 million program to improve urban mobility in Morocco, and in particular the quality and management of public transport. With 60% of 34 million Moroccans living in cities, public transport has […]

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Power Sector Pivotal to Inclusive Growth in Zambia
December 15 | east africa investment | 363 views | 0 Comments

Following successive years of political stability and strong economic growth, Zambia’s growth is expected to fall below 4% in 2015 after years of 6.4% average growth between 2010 and 2014, according to the sixth World Bank Zambia Economic Brief. And in this trend, Zambia is not alone. African economies are facing difficult global conditions combined […]

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Gulf investors seek new markets in Uganda, Kenya
December 8 | east africa investment | 449 views | 0 Comments

Uganda and Kenya are becoming more appealing destination for investors from the Gulf region, according to a new report by the Economist Intelligence Unit. Retail and hypermarkets, vehicles, commercial banking and tourism are key sectors of interest, predominantly in areas in which companies have experience and comparative advantage. The study, commissioned by the Dubai Chamber […]

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Kilimanjaro airport upgrade to double its capacity
December 3 | east africa investment | 429 views | 0 Comments

The upgrade of Tanzania’s second largest airport, Kilimanjaro International Airport, is underway. It is expected to give KIA the capacity to handle more aircraft and passengers. The makeover, which started last week, will see all runways, apron, taxiways and passenger lounges modernised. Project Engineer Mathew Ndossi said that the$39.7 million expansion works, set to be […]

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Nigeria Internet Market Poised to Hit N1.1trillion by 2017
December 2 | east africa investment | 338 views | 0 Comments

Regional Director, Nigeria and Central Africa, Alcatel Onetouch, Nick Imudia, in an interview with Vanguard revealed a significant growth Nigeria’s internet penetration. Alcatel OneTouch is a brand within TCL Communication, an international multicultural company which designs, develops, and markets globally a growing range of mobile and Internet devices. TCL Communication is a public company listed […]

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