VENTURES AFRICA – The visit by President Obama to three African countries this month will cost between $60 million to $100 million dollars, according to report. Hundreds of U.S. Secret Service agents are billed to be dispatched to secure facilities in Senegal, South Africa and Tanzania. A Navy aircraft carrier or amphibious ship, with a [...]

VENTURES AFRICA – Kenya’s economy, the biggest and fastest growing in the east African economic bloc, is forecast to surge by almost 6 percent this year boosted by greater capital flow into the economy and low interest rates. This is according to the World Bank Kenya Economic Update, which was released on Monday, stating this [...]

VENTURES AFRICA – Private equity fund, GroFin announced it has invested $2.3 million in two Kenyan mid-sized public transport firms, Wargen and Centaurus, to boost transportation services across the country. The multinational financier disclosed the investment to Business Daily last week adding that it plans to further invest $1.5 million in transport companies by 2014. GroFin [...]

VENTURES AFRICA – Inflation in Nigeria dropped slightly to 9.0 percent in May from 9.1 per cent attained the previous month, the country’s National Bureau of Statistics (NBS) has said. A statement signed by the Statistician General of the Federation, Dr Yemi Kale said, “the CPI, which measures inflation, rose by 9.0 per cent year-on-year [...]