Month: October 2019

Strech lining hemline above knee burgundy glossy silk complete hid zip little catches rayon. Tunic weaved strech calfskin spaghetti straps triangle best designed framed purple bush.I never get a kick out of the chance to feel that I plan for a specific individual.

Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth.

A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart. Even the all-powerful Pointing has no control about the blind texts it is an almost unorthographic life One day however a small line of blind text by the name of Lorem Ipsum decided to leave for the …

The Competition Authority of Kenya has approved the acquisition of a controlling stake in Almasi Beverages Limited by Coca-Cola Sabco (East Africa) Limited, in one of the latest mergers in the country.

The proposed transaction involves acquisition of a 53.95 per cent stake (issued share capital) of Almasi from Centum Investment Company (Plc) by Coca-Cola Beverages Africa Proprietary Limited (CCBA).

Coca-Cola Sabco (East Africa) Limited (CCSEA), the acquiring undertaking is a wholly owned subsidiary of Coca-Cola Beverages Africa Proprietary Limited, a private company established in South Africa and a subsidiary of giant global beverages firm-Coca Cola.

READ ALSO:Coca-Cola to retain majority stake in Africa subsidiary

The acquisition follows the exit of Centum, which on October 3, announced it had completed the sale of its 53.9 per cent shareholding in Almasi Beverages Limited and 27.6 per cent shareholding in Nairobi Bottlers Limited to Coca-Cola Sabco East Africa Limited.

Almasi has …

The Doing Business 2020 study shows that developing economies are catching up with developed economies in the ease of doing business.

Still, the gap remains wide. An entrepreneur in a low-income economy typically spends around 50 per cent of the country’s per-capita income to launch a company, compared with just 4.2 per cent for an entrepreneur in a high- income economy. It takes nearly six times as long on average to start a business in the economies ranked in the bottom 50 as in the top 20.

There’s ample room for developing economies to catch up with developed countries on most of the Doing Business indicators. Performance in the area of legal rights, for example, remains weakest among low- and middle-income economies.

Doing Business recognizes the important work countries have done to improve their regulatory environments. Among the 10 economies that advanced the most, efforts were focused on the areas …

The International Finance Corporation (IFC) will inject $25 million into a new sea cable project that the Western Indian Ocean Cable Company (WIOCC) is executing.

IFC’s investment will be in form of equity to partly fund the $235 million new sea cable project located in the east and west coast of Africa and the development of strategically located data centres across the continent.

Telkom Kenya owns nine per cent stake in WIOCC, making it among the largest shareholders in the company. George Mokogi Telco’s Managing Director for carrier services division sits on WIOCC board.

WIOCC included the project as part of the financial years 2019 to 2021 capital expenditure plan which means IFC funding will boost the plan whose cost was mainly to be bared by the shareholders.

World Bank investment arm said with IFC joining it is expected to provide equity that is not available in the market and …

Kenya’s Capital Markets Authority (CMA) has for the fifth year been feted as the ‘Most Innovative Capital Markets Regulator in Africa 2019’ by the International Finance Magazine.

This is in recognition of its ongoing efforts to facilitate innovations in the capital market in Kenya, East Africa’s economic powerhouse.

READ ALSO:Another feather on Kenya’s Capital Markets Authority as London applauds

“The Authority is pleased to receive this recognition for the fifth consecutive year from this respected publication, which is a testament to the authority’s commitment to supporting innovation as a catalyst for transformative growth of the capital markets,’ said CMA Chief Executive Paul Muthaura.

At the core of its strategic objectives, CMA aims to leverage technology to drive efficiency in the capital Markets value chain.

“We target to effectively balance robust regulatory and compliance requirements with the objectives of market deepening and growth.   This involves consistent evaluation of regulatory approaches …

South Africa’s Foreign Direct Investment (FDI) in Uganda increased to 1.3 billion U.S. dollars in 2018 from 803 million dollars in 2017.

While opening the South Africa-Uganda Business Summit, Uganda’s Prime Minister Ruhakana Rugunda said South Africa FDI in has more than doubled from 626 million dollars in 2016.

Mr Rugunda said that over 70 South African companies are registered and running top businesses in Uganda and are estimated to have total assets of over $3Billion.

He added that the rise of inflows in Uganda has helped it grow its FDI stock to $13.3 billion in 2018 equivalent to about 48% of the country’s GDP.

In 2017, Uganda export totalled to US$2.79 billion while its import totalled to US$5.84Billion resulting in a negative trade balance of US$.3.05 billion. That year Uganda’s GDP was US$26 Billion while its GDP per capita was US$1.86 thousand.

Also Read: Africa’s FDI still on the

President Vladimir Putin hosted the first-ever Russia-Africa summit Wednesday and Thursday in the latest display of Moscow’s efforts to restore its geopolitical foothold on the continent after the fall of the Soviet Union.

Amid a deluge of memoranda of understanding and cooperation agreements, Russia clinched a series of trade agreements with some of the 55 African countries represented at the summit in Sochi.

Below is a list of military, energy and other deals made between Russia and African countries at the inaugural summit:

Military and politics:

— Russia signed a contract to supply 12 Mi-35 Hind E attack helicopters to Nigeria.

— Overall, Russia plans to send $4 billion worth of weapons to African countries in 2019, the state arms exporter said.

— Putin said Russia wrote off $20 billion of African countries’ debts that had accumulated during Soviet times.

— Putin has signalled readiness to help stabilize conflicts in …

Dropcap the popularization of the “ideal measure” has led to advice such as “Increase font size for large screens and reduce font size for small screens.” While a good measure does improve the reading experience, it’s only one rule for good typography. Another rule is to maintain a comfortable font size.

Strech lining hemline above knee burgundy glossy silk complete hid zip little catches rayon. Tunic weaved strech calfskin spaghetti straps triangle best designed framed purple blush.I never get a kick out of the chance to feel that I plan for a specific individual.

Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth.

A wonderful serenity has taken possession…

Kenya’s leading power generator-Kenya Electricity Generating Company (KenGen) has clinched a US$56.2 million contract to drill 12 geothermal wells in Ethiopia.

The contract with Ethiopia’s independent power producer Tulu Moye Geothermal Operations (TMGO) PLC will also include installing a water supply system and equipment.

KenGen will supply drilling materials and also provide operation and maintenance services for both the drilling equipment and the water supply system.

Speaking on Thursday about the multi-million shillings project, KenGen Managing and CEO Rebecca Miano said it was the second and the company’s largest consultancy outside Kenya.

In February this year, KenGen won a contract to drill geothermal wells for the Ethiopian Electric Power (EEP) in Aluto, Ethiopia.

READ:KenGen and Chinese companies on Ethiopian geothermal project

The contract in Aluto is for the implementation of drilling rigs and accessories as well as rig operation and maintenance for drilling geothermal wells.

It is financed by …

Rwanda has maintained its position as the leading country in East Africa on the ease of doing business, the latest World Bank ‘Doing Business 2020’ shows.

This is despite dropping nine places to 38 globally from 29 last year.

READ  ALSO:How Rwanda has strategically positioned itself as an investment hub

Kenya comes in second in the region and 56^th globally, having improved five places from position 61 last year.

READ:Kenya ranks 61 from 80 in World Bank’s Ease of Doing Business

Uganda and Tanzania come a distant 116 and 141 globally respectively while DR Congo and South Sudan are near the bottom ranking 183 and 185 respectively, out of the total 190 in the index. This places them third fourth fifth and sixth respectively in the region.

Indicators that make Rwanda top include starting a business which has been made easy by exempting newly formed small and …