Dangote’s plan for Kenya cement factory faces hurdles

Objectors are fighting plans by Aliko Dangote, Africa’s richest man, to establish a multi-billion cement plant in Kenya, amid concerns that he might dominate the local cement sector. While on a visit to Kenya last September, Mr Dangote said that…
Kenya slips in World Bank ‘Doing Business’ ranking

Kenya is the largest economy in East Africa. Photo/File[/caption]Kenya has dropped eight places in the World Bank’s Doing Business report (2014) as foreign investments in the country dipped following a sell-off by foreign investors at the Nairobi Securities Exchange (NSE).…
Global fashion giant H&M to source clothes from Kenya

Hennes & Mauritz, the world’s second largest fashion retailer, has signed contracts with Kenyan factories to make clothes under the H&M brand as it seeks to stock its 3,000 stores in 53 countries. Helena Helmersson, H&M’s head of sustainability, told…
Nairobi has 5,000 millionaires

Kenyan capital Nairobi is home to 5,000 dollar millionaires, according to a research by New World Wealth, a wealth consultancy based in Oxford, UK. The “city in the sun” was ranked fifth in Africa’s rich list with 5,000 millionaires at…