Latest African business news, economy, corporate, markets updates

Tanzania: Joy as HESLB Approves 2300 Student Loans

About 2,348 students from higher learning institutions in the country have every reason to smile after the Higher Education Students' Loans Board (HESLB) granted them with loans through an appealing window.

According to a statement from HESLB, 20,020 appeals were received online out of which 17,020 with all requisite documents were received from various higher learning institutions.

"A thorough verification process of .... Read more »

Posted on : Friday , 3rd March 2017

Kenya: BORAQS to Issue Smart Cards for Genuine Architects, Quantity Surveyors

Kenyans will soo be able to tell genuine architects and quantity surveyors from fake ones by asking them to produce a smart card to be issued by their regulator, the Board of Registration of Architects and Quantity Surveyors (BORAQS).

Speaking at the launch of BORAQS' first strategic plan on Monday this week, Ms Aidah Munano, the Principal Secretary in the Department Housing and Urban Development, expressed concern that unregistered people continue to fl.... Read more »

Posted on : Friday , 3rd March 2017

East Africa: Officials From Kenya, Uganda Travel to China to Seek SGR Funding

Finance ministers from Kenya and Uganda are set to travel to China at the end of this month to negotiate financing for the construction of a cross-border railway.

In a move that would transform the East African infrastructure landscape, the delegation - which will include the transportation ministers of both countries - will present proposals to the China Export Import Bank, an institution that has largely financed similar big projects in Africa.

Posted on : Friday , 3rd March 2017

Kenya: East Africa's Largest Industrial Solar System Installed At Salt Factory

Commercial, industrial and residential solar provider SolarAfrica has commissioned one of Kenya’s largest solar hybrid systems in Malindi, in East Africa.

The 991kWp system is a PV-diesel hybrid project developed for Kenyan salt producer Krystalline Salt. The system will generate 1.6GWh of clean electricity annually, saving Krystalline around 22% of its electricity costs.

The project was developed in collaborati.... Read more »

Posted on : Friday , 3rd March 2017

East Africa: Isuzu Buys 57.7 Percent Stake in General Motors East Africa

Japanese automaker Isuzu Motors Limited has bought out General Motors’ 57.7 per cent stake in General Motors East Africa (GMEA) for an undisclosed sum.

The transaction will see the motor dealer change its name to Isuzu East Africa in April to reflect the change of control.

Most of the dealer’s sales are bus, pick-ups and truck brands of the Japanese multinational whose status shifts from a vehicle supplier to an.... Read more »

Posted on : Friday , 3rd March 2017

East Africa: Utility Companies Urged to Give Incentives for Solar Use to Encourage Clean Energy

East African Community's utility companies should consider paying individuals a fee for the solar power they consume to encourage more investments in clean energy.

While the grid parity -- the threshold between the hydroelectricity and solar tariff -- has narrowed with the dramatic fall in the prices of solar panels on the global market, the region has not fully seized this opportunity.

The operationalisation of net meterin.... Read more »