Kenya: Counties, Rotary Club Enter Polio Deal

COUNTY governments have signed an agreement with the Rotary Club to eradicate the spread of polio by 2018. The two are expected to roll out nationwide campaigns to increase the scope of vaccinations.   Dubbed 'This Close', the campaign is expected to boost government efforts of vaccinating children, while mopping out high risk counties. The initiative was launched at Laico Regency Hotel, Nairobi, yesterday.   Rotary Club of Nairobi District governor Kamal Sanghani said.... Read more »

Posted on : Tuesday , 12th August 2014

East Africa surpasses Middle East with high paying jobs in oil and gas

 The study by Von Essen, providers of tax advisory services to international contractors, said that a growing number of oil and gas jobs offering more than US$171,172 per annum are being created due to increased exploration and extraction activity in the continent. Von Essen added that Africa is now second to Europe for the number of highly paid roles advertised for top UK oil and gas industry professionals. Europe accounts for 41 per cent of the share. There has been increased.... Read more »

Posted on : Monday , 11th August 2014

Kenya's import bill has accelerated by 727 million U.S. dollars

NAIROBI, (Xinhua) -- Kenya’s import bill has accelerated by 727 million U.S. dollars in the first six months of this year, compared to a similar period in 2013, Kenya National Bureau of Statistics (KNBS) said on Saturday.   The bill swelled from 7.9 billion dollars in the first half of 2013 to 8.6 billion dollars this year on account of increased inflows of industrial supplies and petroleum products.   The non-food industrial and petroleum products are the East.... Read more »

Posted on : Monday , 11th August 2014

Africa Oil and Tullow Oil seek partner for Kenyan oilfields

 The Canada-listed company said that the partners have discovered oil reserves in Block 13T and Block 10BB in northern Kenya’s South Lokichar Basin, estimated to hold a combined 600mn barrels. Keith Hill, CEO of Africa Oil, said, “We will likely bring on a partner to help develop Lokichar Basin reserves but no timetable has been set.” Oil discoveries in Uganda and Kenya and gas deposits found offshore Tanzania and Mozambique have turned east Africa into a hot.... Read more »

Posted on : Monday , 11th August 2014

Gas Discoveries Fuel Investments in East Africa

 Significant gas discoveries in Tanzania, Kenya and Mozambique have put East Africa in the global spotlight, according to DHL’s executive. Steve Harley, president of energy sector at DHL, said that while Angola and Nigeria have always been the most notable producers within the sub-Saharan region, oil and gas activities in East Africa are now creating a stir amongst global exploration companies and potential investors. “Oil discoveries in Uganda and Kenya have also.... Read more »

Posted on : Monday , 11th August 2014

Kenya plans to reduce the cost of electricity by 47 per cent in the next three years

THIKA (Xinhua) -- A Kenyan official said Sunday that the country plans to reduce the cost of electricity by 47 per cent in the next three years amid increased power generation from cheaper sources. Principal Secretary for Energy and Petroleum Joseph Njoroge said the electricity producer, Kenya Power, is implementing a countrywide operation to upgrade the power network ahead of the expected additional generation capacity.   "The ongoing power project is all about making it.... Read more »

Posted on : Monday , 11th August 2014

Kenya: Electricity Prices to Drop Through Ongoin Power Project

 Kenyans will benefit from approximately 47 percent reduction in electricity prices in the next three years owing to increased generation from cheaper sources of power, Principal Secretary for Energy and Petroleum, Eng. Joseph Njoroge, has said.  Njoroge said generation projects for the 5,000 MW additional capacity in the medium term are well on course with electricity prices for domestic customers expected to come down from the current average of US dollars (USD) 19 cents.... Read more »

Posted on : Friday , 15th August 2014

Kenya: Chinese Firm to Build Three Berths in Kenya's Lamu Port

 Nairobi — Kenyan President Uhuru Kenyatta on Friday signed a 480 million U.S. dollar agreement with a Chinese firm for the construction of the first three berths of Lamu Port in the coastal region.     The deal for the three berths under the Lamu Port - South Sudan - Ethiopia Transport Corridor Project (LAPSSET) Corridor Program was signed with China Communications Construction Company Ltd.     Kenyatta said his government has already set aside.... Read more »

Posted on : Monday , 11th August 2014

US$45.5m multi-storey car park to be constructed in Nairobi, Kenya

City Hall Nairobi has announced a tender notice for the construction of a 3000 multi-storey car park in Nairobi’s Central Business District (CBD). The project involves developing an AT Sunken Car Park building at a cost of US$45.5m. The project will be undertaken through a public private partnership where the Government of Nairobi County is expected to provide the land for the project, while investors will provide the funds needed. Parking slots in Nairobi’s CBD is not.... Read more »

Posted on : Monday , 11th August 2014

Freedom Property Fund kicks off new residential developments

 Newly-listed Freedom Property Fund today announced it has launched several major projects, including two residential property developments, which will boost its portfolio of income-generating rental stock. It is also unlocking capital by releasing residential properties for strategic sale to the market.   Following Freedom’s successful listing on the JSE Main Board on 12 June 2014, it has commenced and progressed several projects identified in its prelisting.... Read more »

Posted on : Monday , 11th August 2014

African, U.S. Leaders Announce New Partnerships to Help Farmers

 The New Alliance for Food Security and Nutrition now has commitments from private investors totaling more than $10 billion, U.S. and African officials announced at the U.S.-Africa Leaders Summit August 5. These new investments are expected to create about 650,000 jobs and reach over 5 million small-holder farmers in initial New Alliance and Grow Africa countries, the U.S. Agency for International Development (USAID) said in a press release. This increase includes commitments.... Read more »

Posted on : Monday , 11th August 2014

SAPA welcomes commitment to the NDP

 The South African Poultry Association (SAPA) welcomed the commitment made by President Zuma, at the State of the Nation address on the 17 June 2014 to the agricultural objectives as set out in the National Development Plan Poultry-Africa-hyper7proSAPA has put plans in place to transform South Africa's local poultry sector. (Image source: hyper7pro) Kevin Lovell, CEO of SAPA, said in aiming for a five per cent economic growth rate and reducing unemployment, poverty and.... Read more »

Posted on : Monday , 11th August 2014