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Rwanda: New Smelting Plant to Boost Mining Sector

Phoenix Metals LTD, a local factory, yesterday began smelting cassiterite into tin, a move set to boost Rwanda's revenue collections from mineral exports.

 
Rwanda's mineral ores produced in the country are exported as 100 per cent mineral concentrates. With the smelting plant taking shape, it will be possible to export semi-processed tin, whose market value is higher than the unprocessed cassiterite.
 
Speaking to journalists .... Read more »

Posted on : Thursday , 22nd January 2015

IBM Develops $2.5bn Super Computer for Kenya

Kenya’s eCommerce ecosystem is set to see greater efficiencies as IBM has launched what it has dubbed the ‘most powerful and secure system ever built.’ The z13 mainframe is an impressive demonstration of human ingenuity, technological advancement, and the monumental cost in terms of time and money – five years and a whopping $2.5 billion.

 
Constructed with the burgeoning Kenyan mobile economy in mind, this super computer is the fir.... Read more »

Posted on : Thursday , 22nd January 2015

11 African Countries That Have Slashed Fuel Prices

It first happened in the United States of America, and now it is spreading all across sub-Saharan Africa – fuel prices are actually reducing!

 
Thanks, or no thanks, to the oil price crash, consumers can now heave a sigh of relief, though some remain disgruntled that the price point reduction is not commensurate with the magnitude of the oil crash.
 
Here are the 11 sub-Saharan African countries that have cut down fuel pr.... Read more »

Posted on : Thursday , 22nd January 2015

Consortium to invest US$ 38m in solar power projects in Eastern Uganda

 A 20MW solar power plant worth US$ 38m will be constructed in Eastern Uganda to aid in the generation of electricity in Soroti and Tororo districts.

 
A Ugandan-Italian consortium involving Simba Telecom and Building Energy SPA and the consortium of Access and TSK Electronica of United Arab Emirates and Spain have decided to invest in this electricity generation project so as to make power more affordable to locals.
 
Mos.... Read more »

Posted on : Thursday , 22nd January 2015

Dutch-backed ICT Companies to boost export competitiveness in East Africa

 The Netherlands Trust Fund III (NTF III) Export Sector Competitiveness Programme, a three-year, multi-phase Dutch-backed project with the International Trade Centre (ITC), has completed the company selection process for the projects in Kenya and Uganda.

Read more »

Posted on : Thursday , 22nd January 2015

Trade and Investment - Transforming Kenya 

 Today Kenya is ranked as a middle income country with a Gross Domestic Product in excess of US$50 billion becoming the fourth largest economy in Sub-Saharan Africa behind Nigeria, South Africa and Angola. These three countries have massive natural resources. Kenya is joining this league with several oil .... Read more »

Posted on : Thursday , 22nd January 2015

Tanzania: A competitive global investment destination.

 THE good investment environment in Tanzania has enabled the country to take the lead in attracting Foreign Direct Investment (FDI) in the East African Region by USD1.1 billion (1.76 trillion/-) in 2012.

Read more »

Posted on : Thursday , 22nd January 2015

Tanzania: Miner Seeks Second Joint Venture Project in Tanzania

 KIBO Mining and fellow London-listed miner Metal Tiger are set to deepen their relationship through a joint venture at gold prospect Morogoro in Tanzania.  

Metal Tiger recently became a shareholder in Kibo when it acquired half of.... Read more »

Posted on : Thursday , 22nd January 2015

Tanzania: Investor Eyes More Graphite Production

 KIBARAN Resources has developed a growth strategy for its Epanko Graphite Project in Tanzania that envisages a staged development that can produce up to 100,000 tonnes per annum of concentrate.

Read more »

Posted on : Thursday , 22nd January 2015

Progress attained at Kenya oil project

 NAIROBI Read more »

Posted on : Thursday , 22nd January 2015

Kenya putting in place measure to increase cotton output to 140,00 bales

 Cotton production of Kenya stood at approximately 30,000 bales in 2014 an increase from 2013, when production stood at 22,000 bales due to the effects of drought, was informed Agriculture Fisheries and Food Authority (AFFA) Interim Head of Fibre Crops Directorate Anthony Muriithi in Nairobi on Wednesday.Read more »

Posted on : Thursday , 22nd January 2015

Qalaa Invests in East Africa Cargo as China Builds Rail Link

 Egyptian private-equity company Qalaa Holdings SAE is investing $70 million to accelerate the movement of rail cargo carried from East Africa’s busiest port, as it faces competition from a new Chinese-backed link.

Qalaa controls Rift Valley Railways Ltd., the operator of a railway built almost a century ago running from Kenya’s Mombasa port to neighboring Uganda.
 
It covers a portion of the same route as a new rail line under.... Read more »

Posted on : Thursday , 22nd January 2015



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