TICAD to inject at least Sh25 billion into economy - Kidero

 Businesses in Nairobi are set to mint more than Sh25 billion in accommodation and deals during the upcoming Tokyo International Conference on Africa Development that will open at the weekend.   Governor Evans Kidero and Japanese ambassador Toshisugu Uesawa said Kenya will also benefit from foreign direct investments and other business deals that will be signed at the event. This is the first time the Ticad meeting is being held outside.... Read more »

Posted on : Wednesday , 24th August 2016

Sh12.5bn Industrial Park attracts foreign investors

 Foreign investors dominate are in a dash for warehouses in the Sh12.5 billion Infinity Industrial Park in Nairobi even before construction starts, the project's realtor has revealed.   This validates recent real estate sector's data indicating high demand for industrial spaces in major towns, making Infinity one of Kenya's largest international parks. A report by Oxford Business School said occupancy for industrial areas remains very high with a huge demand for.... Read more »

Posted on : Wednesday , 24th August 2016

Tanzania pushes for gas-powered vehicles to save cost

 In the abundance of natural gas deposits in Tanzania, the public is advised to convert their petrol or diesel-fueled vehicles to natural gas so as to save cost and reduce carbon emissions.   With an initial investment of 65 million dollars, the Tanzanian government implemented a project targeting to supply 30,000 households with Compressed Natural Gas (CNG) for cooking by 2015 and power 8,000 cars in Dar es Salaam. The project is ongoing.   The natural gas is also.... Read more »

Posted on : Tuesday , 23rd August 2016

Africa: How Infrastructure Development Can Turn Around Africa's Fortunes

Africa has been touted as the new destination for investors. However, the continent still faces a myriad of challenges that hold back its potential, especially efforts aimed at improving business environment and alleviating poverty to ensure sustainable economic growth.   That's why Africa needs leaders who can tackle these challenges and translate them into opportunities to achieve the 'Africa we want' as per the theme of the recently-concluded 27th African Union summit in.... Read more »

Posted on : Tuesday , 23rd August 2016

Tanzania: Mayor Implores Stakeholders to Invest in Alternative Sources of Energy

 Moshi — Moshi Municipal Council Mayor Ray Mboya has called on institutions and corporations to invest in alternative sources of power to tackle the ongoing power outages.   The mayor said the municipality, which waits for upgrading to a city in the near future face serious problem in power cuts, which if not urgently and sufficiently addressed, production activities would dwindle and ultimately affect the regional economy.   Mr Mboya said many people and.... Read more »

Posted on : Tuesday , 23rd August 2016

Dr. Mailu roots for domestic resource mobilization to drive the regions health agenda

Domestic mobilization of resources will help African countries to have more control of their health agenda, Health Cabinet Secretary Dr. Cleopa Mailu has said. The CS said domestic mobilization of resources will allow prioritization of implementation areas in health within the continent. The CS made the remarks when he held bilateral talks with the Ethiopian Minister of Foreign Affairs, Dr. Tedros Adhanom Ghebreyesus, at the side show of the World Health Organization (WHO) 66.... Read more »

Posted on : Tuesday , 23rd August 2016

China Wu Yi to set up Sh10bn building materials plant

Chinese conglomerate China Wu Yi is building a Sh10 billion housing materials plant in Athi River after bagging major tenders in the country.   The factory, expected to be complete in June, will manufacture precast materials that will also be sold to other construction firms.   The multinational is putting up the plant through its locally incorporated subsidiary China Wu Yi Precast (Kenya) Company Limited.   Its chairman Qiu Liangxin said the project would create.... Read more »

Posted on : Tuesday , 23rd August 2016

Tanzania Central Corridor Railway Construction to Start in December 2016

 The construction of Tanzania’s standard gauge railway (SGR) along the central corridor is set to start in December 2016. The 2,190km railway involves the construction of a SGR from Dar es Salaam-Tabora-Isaac-Mwanza, Tabora-Mpanda-Kalemela, Tabora-Kigoma and Uvinza-Isaac-Keza-Msongati. According to Makame Mbarawa, Tanzania’s Minister of for Works, Transport and Communications, the SGR project will be completed in 4 phases over the next 3 years. Tanzania President.... Read more »

Posted on : Tuesday , 23rd August 2016

Epanko to Supply Tanzanian Graphite to Japan

Australian graphite developer Kibaran Resources (ASX:KNL) has recently signed an agreement with Japanese trading giant Sojitz for the supply of graphite from its Epanko project in Tanzania.   According to the exclusive agreement, Kibaran will supply a minimum of 14,000t per year of natural flake graphite products from Tanzania to Sojitz over the next 5 years.   Sojitz will distribute the graphite into Japan, Korea and Taiwan to the lithium battery.... Read more »

Posted on : Tuesday , 23rd August 2016

Mnazi Bay Gas Production Improve in Q2 2016

East Africa-focused oil & gas company Wentworth Resources (OSE:WRL, AIM:WRL) announced improvements of gas production at Mnazi Bay in Q2 2016 by +6.25%.   The Mnazi Bay achieved average gross daily gas production of 51m standard cubic feet (MMscf) per day in Q2 2016, compared to 48MMscf in Q1 2016 (+6.25%).   This was indicated in Wentworth’s press release issued on August 16th 2016.   Geoff Bury, Wentworth Managing Director comments: “In Tanzania,.... Read more »

Posted on : Tuesday , 23rd August 2016

Ethiopia: Sustaining Ethio-America Business Ties to Boost Exports, Increase Employment

It is significant to explore ways of foreign trade and investment that can help move Ethiopia to more vigorous participation in the global economy, and to the sustainable economic development that will enforce Ethiopia's progress to becoming a middle-income country by 2025. Since, some years ago, the U.S. companies look for a level playing field, with transparency that create a conducive environment to fair competition in African continent.   Through the Corporate Council on.... Read more »

Posted on : Tuesday , 23rd August 2016

African Health Ministers Eye Sh213bn Plan to Fight Outbreaks

Dar es Salaam — Health Minsters from 47 countries across Africa are considering a Sh213 billion funding to tackle more than 100 public health emergencies on the continent.   The ministers, through the WHO Regional Committee for Africa, are expected to come up with policy commitments to support the regional strategy for health security and emergencies between 2016 and 2020 during a meeting scheduled to end Monday in Addis Ababa.   WHO said in a statement that one of.... Read more »

Posted on : Tuesday , 23rd August 2016