Commercial News from Africa

UAE-based hospitality firm looking to set up shops in Nairobi.  Caramel Group wants to set up shops in Nairobi - Caramel is poised to open up a new Caramel Restaurant & Lounge in the east-African city towards the middle of this year.

Rwanda identified as the fastest place for multinational retailers to grow their businesses. Nigeria was ranked second - because of the peculiar nature of its markets due to unavailability of land and import regulations and restrictions. South Africa, ranked seventh as a result of the developed nature of its retail market. Other countries identified for retail expansion are Namibia, Tanzania, Gabon, Ghana, Botswana, Mozambique and Ethiopia.

Kenya has decided to allow Ethiopian companies trade on the Nairobi Securities Exchange (NSE). The decision will be beneficial to both countries, as it will encourage foreign investments opportunities in Ethiopia and make the Nairobi bourse bigger.

By DCE Partners