Latest African business news, economy, corporate, markets updates

More Kenyans Exploring Agricultural Businesses

Each year, many Kenyans graduate from a college or university. Yet many graduates are unable find a job in the country after finishing their studies. The reason: large numbers of young Kenyans are already unemployed.

Now, some university graduates are turning to agriculture as a way to fight unemployment. They think that farming can be as satisfying as any other business or job.

Thirty-three-year old Caleb Karuga is t.... Read more »

Posted on : Monday , 31st August 2015

IFC supports Rwanda farmers

Local maize farmers will be supported by the International Finance Corporation (IFC), a member of the World Bank Group which extended a loan of $25million to Bralirwa Ltd (Brasserie et Limonnaderies du Rwanda), funds that will go to sourcing the maize farmers and support Bralirwa in plans of expanding production of soft drinks.

“The funding will support our extensive program in Gisenyi, Kigali and the Ndego farm which is quite imp.... Read more »

Posted on : Monday , 31st August 2015

Ugandans urged to do more cross border trade in EAC

Ugandans should take advantage of the East African Community integration to do more cross border trade, the undersecretary in the Ministry for East African Affairs has said.

Daniel Mugulusi said it is now easier to do trade among regional countries since Ugandans only require a national identity card to be able to access markets in neighbouring countries.

“Our neighbours have taken advantage of the East Af.... Read more »

Posted on : Monday , 31st August 2015

Muzizi power dam project takes off

The 44 mega watt (MW) Muzizi Power Dam in Kibale District will finally be a reality soon following the signing of an agreement between the German Development Bank (KfW) and the Agency for French Development under which the two institutions will fund the project to the tune of €70m (about Shs 270 billion).

Muzizi Hydro Power Dam is to be constructed on River Muzizi, a tributary of Lake Albert, for the benefit of communities in the districts of .... Read more »

Posted on : Monday , 31st August 2015

Kenyans call for builders

Stakeholders behind a $US25 billion mega project in East Africa will today call on WA companies to bid for work on the Lamu Corridor in Kenya, as they seek to overturn fears about corruption in the country.

Due to speak at today’s East Africa Oil and Gas Conference in Perth, Silvester Kisuku, chief executive of the LAPSSET Corridor Development Authority, will highlight opportunities.

Kenya Australia Chamber of C.... Read more »

Posted on : Monday , 31st August 2015

Animal Feed Crushing Machine Launched

A rural development centre in Ongwediva has launched an animal crushing machine. The machine was made in Ongwediva by artisans at the centre.

The machine processes mahangu, maize, corn and other grains which are used as animal feed.

Nico Aipumbu, a marketing officer at the Ongwediva Rural Development Centre, said requests and demands from visitors of the show last year resulted in the centre creating the machine.