Category: Market Bazaar

In about 90 days, the largest mall in East and Central Africa will open its doors in Kenya. The highly touted Two Rivers Mall in Nairobi’s posh suburb of Runda is set to open its doors to the public in February 2017, Centum Group – the company undertaking the multimillion dollar venture – CEO James...

The Ethiopian government has announced that it will partner with Moroccan phosphate producer OCP Group to build a $2.5bn fertiliser plant in the east of the country. According to local press reports in Morocco, an officer from the Ethiopian Institute of Chemical and Construction Development said the factory would be built over 100 acres near...

By Protus Onyango The World Bank has praised Kenya for using mobile banking to fight hunger and poverty. Speaking in Marrakech, Morocco, during the on-going UN climate change conference, John Roome, World Bank’s Senior Director of Climate Change said Kenya’s success in mobile banking can be emulated worldwide. “Kenya is leading the world in this...

The International Finance Corporation, IFC, the investment arm of the World Bank has expressed interest in financing the planned Ethiopia Djibouti fuel pipeline project. The South Africa- based infrastructure investment group, Black Rhino, has proposed to the Ethiopian government to build a 550-km long pipeline to transport diesel, gasoline and jet fuel from Djibouti port...

JOHANNESBURG, South Africa- Internet company Opera, has released its State of the Mobile Web Africa 2016 Report, highlighting mobile internet trends across the continent, including consumer browsing behaviour and app usage. Opera – known for its compression technology and mobile browsers, including Opera Mini  – compiles regular global mobile web reports, shedding light on opportunities...

By Paul Schemm The smell of rotting mango and passion fruit still hung in the air over the blackened shell of a juice factory near this village more than two weeks after the plant was looted and burned by an aggrieved mob. As employees swept out the empty rooms, Abraham Negusay, AfricaJuice’s production manager, worked...

Istanbul- Turkish officials have expressed strong interest in boosting economic and trade relations with Africa at a key joint forum in Istanbul, where their African counterparts welcomed the call. “We have always regarded our African friends as our brothers. Our policy of opening up to Africa is not just the reflection of a transient political...