|#||Actual Signal Date||Investing Company||Parent Company||Revenue ( USD m)||Employees||Source country||Source State||Source City||Destination Region(s)||Destination Country(s)||Industry Sector(s)||Industry Cluster(s)||Industry Activity(s)||Description||Signals||Data source||Contact name (1)||Position (1)||Email (1)||Telephone (1)||Contact name (2)||Position (2)||Email (2)||Telephone (2)||Contact name (3)||Position (3)||Email (3)||Telephone (3)|
|1||Sep 2013||Kenya Commercial Bank (KCB)||Kenya Commercial Bank (KCB)||866.7||Kenya||Nairobi Area||Nairobi||Djibouti|Ethiopia||Financial services||Financial Services||
Kenya-based Kenya Commercial Bank, which provides retail banking and
financial services, is considering entry into Djibouti and Ethiopia as
part of its growth strategy for the Horn of Africa. The company is
considering making the move when the profitability of existing
international subsidiaries improves.
|New Investment Strategy||Joshua Oigara||Chief Executive Officer|
|2||Feb 2011||Stratex International||Stratex International||15.4||United Kingdom||South East (UK)||London||Djibouti|Ethiopia|Turkey||Metals||Physical Sciences||
UK-based Stratex International, engaged in the exploration and
development of precious and base metals, has partnered with Thani
Ashanti, an alliance between gold producer AngloGold Ashanti and Dubai
based investment firm Thani, which will allow it to step up activity
significantly in east Africa and Turkey. Thani Ashanti’s $500,000
unconditional investment in Stratex will allow the company to explore
gold assets in the Afar Depression in Ethiopia and Djibouti.
|New Funding/Resources for Expansion||David Hall||Executive Director (East Africa)|
|3||Feb 2011||Drake & Scull International||Drake & Scull International||3109.6||UAE||Dubai||Dubai||Djibouti|Vietnam||Business services||Industrial||
Drake & Scull International, a United Arab Emirates-based engineering
and contracting company, has plans to target projects in Djibouti and
Vietnam. The company has decided to diversify away from dependence on
contracts in Dubai and the United Arab Emirates due to a severe downturn
in the property market there.
|New Investment Strategy|