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China responsible for 31% of infrastructure projects in East Africa, says Deloitte

Deloitte East Africa has released a report showing that China is responsible for building 31% of all infrastructure projects in East Africa in 2014. This went up as compared to the 19% in 2013.

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Posted on : Friday , 13th March 2015

Infrastructure and energy projects to strengthen Kenya’s economy, World Bank says

According to a study by the World Bank, Kenya’s economy will rise massively to 7 percent and public investments in infrastructure – especially from the standard gauge railway – and energy sectors will help in the growth in the medium term.

The current Kenya Economic Update (KEU) explains that the country has grown economically and is anticipating a growth rate of 7 percent between 2015 and 2017, from 5.4 percent achieved in 2014.<.... Read more »

Posted on : Tuesday , 10th March 2015

Tea prices at the Mombasa Auction have begun to show signs of recovery after a sharp drop experienced a year ago.

Although the gains are marginal, the fact that the trend in price is upward should bring some consolation to Kenya’s over 560,000 smallholder farmers who suffered a major erosion in their earnings last year, following a sharp price drop in the global price of the commodity.

In the last two months, tea prices at the Mombasa Tea Auction have increased from Sh181 ($2.02) – in the first week of January &ndash.... Read more »

Posted on : Tuesday , 10th March 2015

Sh180m set aside to boost cattle breeds in Kenya

ELDORET: Livestock breeding will receive a boost after the government set aside over Sh180 million to establish three liquid nitrogen plants in the country.

Agriculture Cabinet Secretary Felix Koskei while commissioning one of the plants in Eldoret, said they are vital in preservation and transportation of high quality semen for cattle breeding.

“Animal breeds improvement through Artificial Insemination is among the priorities of .... Read more »

Posted on : Tuesday , 10th March 2015

Comesa extends import safeguards for Kenya

NAIROBI: Local sugar millers will continue enjoying protection against competition from other producers in the Common Market for Eastern and Southern Africa ( Comesa) for the next one year.

This follows a decision by the Comesa Trade and Customs Committee to grant Kenya another 12-month extension as it seeks to privatise State-owned sugar factories. This is the fourth time Kenya has been granted an extension from the regional bloc since it was gran.... Read more »

Posted on : Tuesday , 10th March 2015

Kigoda lauds Indo- Tanzanian trade ties

The Minister for Industry and Trade, Dr Abdallah Kigoda, has hailed the growing trade relations between Tanzania and India and called on entrepreneurs to grab the opportunities availed for more growth and development.

The minister was speaking at a one day conference on ‘Enhancing Efficiency and Maximising Output of Tanzania Economy: An Indian Initiative,’ in Dar es Salaam at the weekend.

The .... Read more »

Posted on : Tuesday , 10th March 2015

EAC partner states urged to co-operate in developing region’s nascent oil, gas sector

NAIROBI: East African Community ( EAC) countries have been asked to co-operate in the development of the region’s nascent oil and gas sector.Rwandan Prime Minister Anastase Murekezi said co-operation between the Partner States was the surest way to develop the region’s enormous energy and natural resources. He said collaboration should focus on petroleum exploration, production, refining, storage and pipeline development for product tr.... Read more »

Posted on : Tuesday , 10th March 2015

KenGen seeks regulators’ nod to float bond

State power generator KenGen is looking at floating asset-backed securities to finance more than Sh80 billion in energy infrastructure over the next two years

KenGen, which has already pegged its Sh30 billion Rights Issue for the second quarter of this year needs Sh118 billion to finance its infrastructure development.

The firm is in talks with regulators to use asset backed securities to plug the difference. “We are considering a.... Read more »

Posted on : Tuesday , 10th March 2015

Oil and gas: Why Rwandan and regional companies could miss out on oil dollars

The East African region is now a well-known hydro carbon hotspot and as a result foreign investors are flocking in to take advantage of this business opportunity.

However, there is need to put in place strategies that will enhance transparency and accountability, as well as ensure regional firms benefit from opportunities presented by the activities in the oil and gas sector, commented a participant at the just-ended seventh petroleum regional summit held in Kigali.

.... Read more »

Posted on : Tuesday , 10th March 2015

USAID funds coffee policy

Efforts to implement the national coffee policy got ‘a shot in the arm’ after the United States Agency for International Development (USAID) earmarked about sh1.3b to promote development in the coffee sector. The policy is expected to rejuvenate Uganda’s coffee sector

This funding is channelled through the National Union of Coffee Agri-businesses and Farm Enterprises (NUCAFE), a local entity, that is taking on the task of popularising the policy amo.... Read more »

Posted on : Thursday , 5th March 2015

Strandline Resources has confirmed discovery of a huge potential of heavy mineral sands (HMS) at the six kilometres long Madimba Prospect in the country.

Strandline Resources Limited is an Australian mineral exploration and development company based in Perth and listed on the Perth Stock Exchange since 2000.

HMS are a class of ore deposit which is an important source of zirconium, titanium, thorium, tungsten, rare earth elements, industrial diamond, sapphire, garnet, and occasionally precious metals or gemstones.

In Tanzania, Strandline Resources Limited, currently con.... Read more »

Posted on : Thursday , 5th March 2015

Tanzania: Rural electrification remains govt priority

This was said in Dar es Salaam by the Principal Energy Officer, Mr Paul Kiwele, who represented Deputy Permanent Secretary in the Ministry of Energy and Minerals, at the launch of Rex Solar Energy’s 3G Solar Home System.

“The improved energy supply in the rural areas through public and private sector participation, will contribute significantly in improvement of livelihoods of rural populations and attainment of sustainable economic gro.... Read more »

Posted on : Thursday , 5th March 2015

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