Intelligent Investing

VENTURES AFRICA- Tanzania’s CRDB Bank Plc is crossing national borders for the first time as it launches a new branch in Burundi’s capital, Bujumbura, before the end of the year. CRDB Bank General Manager in Burundi, Bruce Mwile, confirmed this to the East African News Agency (EANA) over the phone. “The branch will be opened [...]

VENTURES AFRICA – As part of its global expansion, International Ice Cream Company, Cold Stone Creamery, is planning to hit the African market following a recent franchise agreement signed in Egypt. The deal, which was signed by Cold Stone Creamery’s parent company, Kahala, includes a 10-year Master Franchise agreement with Squadra to bring the company’s [...]

Telecommunications /Technology While mobile technology has brought many gains for East Africans in money transfer, communication and increasing access to the internet, the competition amongst telecommunication operators can only be described as cut-throat.   One of the most vibrant markets is Kenya where one of the operators Safaricom Ltd. revolutionized money transfer with its mobile [...]

VENTURES AFRICA- China has continued to establish itself in the shoe making industry of Ethiopia. At the Eastern Industry Zone in Dukem, 30 kilometers (20 miles) south of the Ethiopian capital, Addis Ababa, it is typical to see several Ethiopians gluing soles and lace up boots in Chinese shoe factories.   The presence of Chinese [...]

Agriculture Agriculture is the back bone of East African economies contributing significantly to the country’s Gross Domestic Product (GDP). For instance, PricewaterhouseCoopers Kenya (PwC) estimates that the agricultural sector contributes about 30 per cent of Kenya’s GDP and more than 60 per cent of the country’s total export earnings. Agriculture is also the biggest driver [...]

VENTURES AFRICA- World’s largest seed company – Monsanto as well as DuPont, Cargill and other U.S seed, chemical and equipment companies will make an investment of about $150 million in the next few years. This is part of the $3 billion global investment efforts by companies announced by US President, Barack Obama. These investments are made [...]

VENTURES AFRICA- Nigeria’s multi-lateral development investment corporation, Africa Finance Corporation (AFC) has revealed its plan to raise its investment stakes in Kenya. It plans to invest about $150 million in the country along with the capability of bringing in other investors. Africa Finance Corporation is already investing in Kenya, issuing a $50 million convertible loan [...]

By Dinfin Mulupi   In recent years, East Africa has become an attractive investment destination. The region’s investment status has obviously been boosted by good business environment fuelled by economic reforms as well as political stability of member states. The formation of the East African Community (EAC), the regional block made up of Kenya, Uganda, Tanzania, Rwanda [...]

VENTURES AFRICA – To further improve Information and Communications Technology in the Nigeria, the Federal Government, through the Ministry of Communications Technology, has signed a Memorandum of Understanding (MoU) with Nokia, a world-leading mobile company.   According to the Minister of Communications Technology, Mrs. Omobola Johnson, the MOU was one of several Public Private Partnership [...]

VENTURES AFRICA – A consumer market study conducted by McKinsey and Company, a global business consulting firm in conjunction with TBWA, has revealed that Nigeria, Kenya, South Africa, Libya and Ethiopia are among the fastest growing consumer marker in Africa. It shows that consumers have become a major economy drive on the continent and it [...]

VENTURES AFRICA – The Export-Import Bank of the United States (Ex-Im Bank) today announced a three-year renewal of the Bank’s Short-Term Africa Initiative (STAI) that provides export-credit insurance for U.S. exporters selling to 18 countries in sub-Saharan Africa, up to a program limit of $100 million. The initiative is renewed through March 31, 2015.   [...]

Sierra Leone has continued to receive attention from international partners as a result of its socio economic potentials, good governance and infrastructural development.   Sierra Leaone’s Head of Chancery to the Federal Republic of Germany, Mr. Al-Hassan K. Kondeh, recently engaged academics and business experts in Germany to discuss investment potentials and good governance in [...]