Video guest: Josephine Mwangi

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Monday, 25 June 2018

German investment fund DEG has bought an additional 5.4 per cent stake in Nairobi-based reinsurance company Zep–Re for Sh1.4 billion. The German Investment and Development Corporation (DEG) said the deal has increased its stake to 14.93 per cent. New shares were created for the additional stake with new cash injected in the re-insurance firm. “This capital will assist the company to build on its operational results realised in 2015 which saw a 10.6 per cent growth in our business underwritten from $125 million in 2014 to $138.8 million in 2015,” Zep-Re managing director Rajni Varia said.

Thursday, 28 July 2016

Changing demands in the European market are prompting the fruit export business in South Africa’s Western Cape province to shift its commercial focus slightly and invest in new varieties to keep up with trends, according to several of the country’s leading industry figures. In particular, the industry appears to be playing a more active role in establishing what exactly consumers in key markets require, using the information it gleans to make informed investments in production and new product development.

Revenues generated by Mauritius from textile exports to Britain will decline by about 10 percent this year as a result of the British vote to leave the European Union, the country's export association said on Monday. The EU is Mauritius' largest trading partner. The Indian Ocean island nation earns an annual average of 25.55 billion rupees ($722.77 million) from goods shipments to the bloc. Britain remains the largest buyer of Mauritian goods within the EU, accounting for 18 percent of total exports to the bloc. Textiles are Mauritius' top export to the UK, followed by seafood and sugar.

Mini-grids, mobile payments and smart meters are all helping to create an off-grid model of electricity provision in Africa, helped by bottom-up funding and low-cost solar power, according to Michael Gera, managing partner and co-founder of specialist venture capitalist firm Energy Access Ventures (EAV). EAV has received a EUR 10 million commitment from the European Investment Bank and recently made its first investment in a company called Off:Grid:Electric, based in Tanzania.

Despite Zimbabwe signing a trade agreement giving it duty free access to the European Union (EU) market in 2009, government is yet to implement the deal because of the headaches it is facing in improving local standard of goods to match international standards. Zimbabwe signed an Economic Partnership Agreement with the EU in 2009, along with Mauritius, Madagascar and the Seychelles. The agreement was ratified three years later in 2012, giving the country's products duty and quota-free access to the vast European market.