Government to Rehabilitate 363 Kilometers of old MGR Lines in Kenya

The government through Kenya Railways Corporation, the national railway of Kenya that is also known as Kenya Railways, is set to spend close to US$ 40M to rehabilitate a total of 363 kilometers of old railway lines, which are currently dilapidated, vandalized, or overgrown with vegetation, in the country. The lines include the 217km Nakuru-Kisumu meter-gauge railway (MGR), the 77.8km Gilgil-Nyahururu MGR branch line, and the 69.05 Kisumu-Butere section. Approximately US$ 26.41M.... Read more »

Posted on : Wednesday , 16th February 2022

Ethiopia: Russian Company Keen to Invest In Ethiopia's Energy Sector

Major Energy Company of Russia keen to invest in Ethiopia, Ministry of Foreign Affairs said. The Ministry disclosed that one of the major energy companies in Russia, Energy solutions, electro technical holding company ERSO, has shown interest to invest in the energy sectors of Ethiopia. Ethiopian Embassy in Russia has briefed investment opportunities in the Energy sector in Ethiopia for company's management recently that led by Mr. Goran Malbasic. "The Ethiopian Embassy.... Read more »

Posted on : Tuesday , 15th February 2022

Tanzania: Upgrade to Boost Power Supply

The Tanzania Electric Supply Company (TANESCO) is upgrading its power production stations to boost electricity generation in the country. The power stations currently under extension include Kinyerezi I which will generate 185 MW and Ubungo III 112 MW. Maharage Chande, Director General of TANESCO told journalists during a tour to inspect the work progress that to date power generation from Ubungo III has reached 60 MW which have already been connected to the national.... Read more »

Posted on : Tuesday , 15th February 2022

President Kenyatta states that strong bilateral ties between Kenya and Hungary are centered on trade.

Nairobi - Kenyan President Uhuru Kenyatta has praised the country's strong bilateral ties with Hungary, stating that the relationship is primarily driven by economic cooperation, trade, and investment. Kenyatta, on the other hand, bemoaned the low levels of commerce and investment between Nairobi and Budapest over the last five decades, despite the fact that the two cities had enormous commercial potential. The balance of trade between Kenya and Hungary is biassed in favour.... Read more »

Posted on : Friday , 11th February 2022

Kenya and European Union have begun talks to strengthen ties "beyond aid."

Kenya and the European Union have begun crucial negotiations to move their relationship beyond aid and toward long-term peace and development. Kenya's Cabinet Secretary for Foreign Affairs signed a joint declaration in Nairobi with visiting EU top diplomat Josep Borrell Fontelles to formally begin discussions on a Strategic Dialogue, a guiding text that may steer relations to "shared issues." Mr. Fontelles, the EU's High Representative for Foreign Affairs and Security.... Read more »

Posted on : Friday , 11th February 2022

Tanzanite Bridge starts operation today

Construction of the new Tanzanite Bridge in Dar es Salaam is complete, on the stroke of midnight on February 1, operations of the new bridge kicked off allowing motorists access they have been waiting for.The New Selander Bridge has combined the characteristics of a girder bridge and a cable-stayed bridge to make it lighter. The technique enhances construction and economic feasibility, according to the builder.Works minister Mbarawa had on Sunday January gave the update during an.... Read more »

Posted on : Friday , 4th February 2022

Tanga Fresh a Tanzanian dairy processor receives a second round of funding from DOB Equity.

DOB Equity, one of the leading Dutch family-backed impact investors in East Africa, has announced an additional investment in Tanga Fresh, a Tanzanian dairy processor.DOB's additional investment is expected to assist Tanga Fresh in expanding its production in the long-life milk market. East African consumers are increasingly shifting away from fresh milk and toward long-life milk, presenting a significant opportunity for market growth.Tanga Fresh intends to expand its overall.... Read more »

Posted on : Tuesday , 1st February 2022

Construction of the Singida Gold Project is on schedule to begin in 2023.

Shanta Gold (AIM: SHG), an East Africa-focused gold producer, developer, and explorer, has released an update on the construction progress at the Singida Gold Project in Central Tanzania, indicating that first gold production will occur in early 2023. In October of 2020, work on the Singida gold project was started. 'The promising findings of our grade control drilling at Singida strengthens our confidence in the robustness of the production profile, notably during the first.... Read more »

Posted on : Tuesday , 1st February 2022

Africa aspires to be the world leader in processed tropical wood by 2023.

Gabon's wood sector aspirations are outlined in the '2022-2023 acceleration plan.' This strategy intends to promote Gabon's economic diversification. The goal of the country is to become the world leader in processed tropical wood. 'We are already Africa's biggest manufacturer of plywood. We can be the world leader in processed tropical wood by 2023,' declared the Prime Minister on January 18 as he presented this growth vision. Gabon plans to improve wood output by beginning.... Read more »

Posted on : Tuesday , 1st February 2022

Tanzania signs a USD 1.9 billion contract to complete the third phase of the SGR Railway.

Tanzania's President, Samia Suluhu Hassan, observed the signing of the agreement for the building of the third section of the Standard Gauge Railway (SGR) linking Makutupora to Tabora on December 28, 2021. Tanzania Railways Corporation (TRC) and Yapi Merkezi of Turkey inked the deal during a ceremony at the State House in Dar es Salaam. The section's construction, which includes 294 kilometers of mainline and 74 kilometers of intersections for a total of 368 kilometers, will.... Read more »

Posted on : Tuesday , 1st February 2022

Nairobi based Car & General enters the electric car market

Car and General (C&G) will begin selling electric vehicles and tuk-tuks as part of a strategy to expand into the 'green' mobility market, which is projected to increase in response to efforts to combat climate change and pollution. For decades, the Nairobi Securities Exchange-listed company has sold motorbikes and three-wheelers with internal combustion engines as part of its varied activities, which also include consumer lending. “We will now devote more resources to.... Read more »

Posted on : Thursday , 27th January 2022

Plans Underway to Introduce All-Electric Cars in the Nation says Kenya Power

Kenya Power claims that the country's innovative ambitions to enter into the all-electric car industry are well underway. Acting Managing Director Rosemary Oduor of the utility corporation said the government is closely monitoring the situation in order to make it easy for those who want to buy electric vehicles in the nation. "Kenya Power, the country's electrical distributor, will continue to innovate in this area. It is not only automobiles, but an entire eco-system that.... Read more »

Posted on : Thursday , 27th January 2022