The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today signed a letter of interest with the Government of Kenya to begin financing discussions on Breach of Contract political risk insurance of up to $500 million in support of the Nairobi-Mombasa Expressway Project. OPIC President and CEO Elizabeth L. Littlefield and Kenyan Minister of Finance Henry K. Rotich signed the letter on the sidelines of the U.S.-Africa Bu.... Read more »
Posted on : Thursday , 22nd September 2016
Suzuki Auto South Africa has introduced an automatic option for the Suzuki Vitara SUV. It is based on the 2WD GL+ variant and priced at ZAR 313,900. This is the second variant in the Vitara range to offer an AT option, which was previously exclusive to the top-end GLX.
Posted on : Thursday , 22nd September 2016
The Office plans to raise 1.8 billion Birr this fiscal year.
Posted on : Thursday , 22nd September 2016
Agriculture can greatly contribute toward the achievement of the Sustainable Development Goals (SDGs) that seek to end poverty, hunger, inequality and injustice as well as tackle climate change, experts said, calling for more governments' intervention.
Posted on : Thursday , 22nd September 2016
Digitising taxes in Tanzania could boost the country’s revenues by half a billion dollars every year, according to a United Nations report.
Posted on : Thursday , 22nd September 2016
With drilling expected to run through the fourth quarter, and some fast track production targetted soon after, no wonder there's excitement for upcoming Ruvuma programme.
Posted on : Thursday , 22nd September 2016
Black Rock Mining Ltd (ASX:BKT) has achieved and exceeded high quality battery grade spherical graphite specifications through initial testing of samples from the company’s flagship Mahenge graphite project in Tanzania.
Posted on : Thursday , 22nd September 2016
More than $1 billion in debt and financing commitments from U.S. agencies and private investors is set to be announced on Wednesday for U.S. President Barack Obama's signature Africa energy initiative, Power Africa, a top USAID official said.
Posted on : Thursday , 22nd September 2016
Vivo Energy Kenya has opened a 23 million litre diesel storage tank at the company’s Mombasa terminal at Shimanzi in what is the largest diesel storage capacity in the country by one oil marketer.
Posted on : Thursday , 22nd September 2016
Columbia Pacific Management, a Seattle-based investment firm that runs health-care facilities in various countries, has expanded to Africa.
Posted on : Thursday , 22nd September 2016
The ministry of infrastructure is set to spend 3.2 billion shillings in constructing requisite infrastructure that will pave the way for Kenya to start exporting oil come June 2017. According to roads principal secretary Eng. John Mosonik, plans are underway to rehabilitate the Eldoret Lokichar road in preparation for the harvesting of early oil in Turkana.
Stakeholders in the petroleum sector have expressed concern over the pace of development of key infrastructure al.... Read more »
Posted on : Thursday , 22nd September 2016
Solar power equipment distributor d.light has announced securing $22.5 million (Sh2.25 billion) for its PayGo business which provides homes with cheaper and clean power solutions.
Posted on : Thursday , 22nd September 2016
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