| VITAL INFORMATION ON INVESTING IN EAST AFRICA |
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| KENYA -GDP $48.5 Billion [2005] |
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| TANZANIA - $27.07Billion [2005] |
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| UGANDA- $48.73Billion [2005] |
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AFRICA AROUND UP By Galib Virani |
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Kids Organics Range Feature |
| Q-Dos will be featuring the Kids Organic range of beauty products in the upcoming August issue of EVE magazine. [MORE] |
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Kenya-RE IPO Starts |
| The much anticipated Kenya-RE IPO kicked off last week and applications for the shares started pouring in. It is expected that the IPO will generate alot of buzz at the NSE once the shares start trading. [MORE] |
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Business Briefs |
| The Kenyan economy has seen a steady increase in growth from a paltry 0.3% in 2000 to a staggering 6.0% growth this year. [MORE] |
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OPPORTUNITIES.... |
East Africa can be viewed as being well-endowed with natural resources, a great ecosystem for wildlife and a hard working and resourceful populace.
All these blended together are a recipe for economic success. Minerals are one of the greatest assets boasted by the East African region. Minerals are not the only asset in East Africa with regard to economic success; cash crops are a great contributor of foreign trade.
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Large oil deposits have also been found in Uganda. When oil exports commence the entire paradigm of the region will change.
The “Vision 2030” is also a sign that a bright future lies ahead for Kenya. “Vision 2030” envisages Kenya being a fully industrialised country by this year.
With East Africa being a unit, the good tidings of Kenya are definitely bound to spill over to others in the region thereby leading to a thriving economic climate which is far-reaching. |
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With the Economic Survey 2007, the economy was reported to have grown by a record 6.1 percent a year, the highest growth rate realized over the last three decades.
The sectors with the highest growth imminent are tourism, manufacturing, construction, transport, communication and financial services.
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