The venture, called Impala Villas Rimpa in Ongata Rongai is part of wider plans to develop hundreds of new homes in the outskirts of the city. “By bringing together Sandstone’s development expertise with KCB’s financial might, we hope to transform the land which borders the Nairobi National Park to meet the housing needs of our people,” said Sandstone Development Company Chairman Edward Ndirangu.
He said the agreement in which KCB would finance.... Read more »
Posted on : Wednesday , 14th January 2015
Regional interconnections and oil discoveries are expected to drive the transmission and distribution industry’s (T&D’s) growth in East Africa, the second-fastest growing region in Africa, global growth consulting firm Frost & Sullivan said on Tuesday.
Posted on : Tuesday , 13th January 2015
Content analyst at Infield Systems Limited, Catarina Podevyn, says Africa is expected to hold a 15% share of offshore capital expenditure over 2015, up 10%, led by developments offshore Angola. In West Africa, offshore Ghana and Congo will also see increasing expenditure, she adds.
Posted on : Tuesday , 13th January 2015
Anglo Energy Refining Corporation, a UK-based petroleum firm, has set up base in Kenya with an eye on bulk importation of oil and possibly setting up a refinery.The UK firm’s debut makes Nairobi its African headquarters. The oil company in December received a licence to operate and import oil under the Open Tender System (OTS), the centralised oil distribution system, from the Energy ministry, and says it is ready to bid for tenders.“Our focus right now is on the O.... Read more »
Posted on : Tuesday , 13th January 2015
President Jacob Zuma is, this month, October 2014, prioritising the economy and local government.
Posted on : Tuesday , 13th January 2015
The designation of special economic zones (SEZs) will support a broader-based industrialisation growth path in South Africa, while helping the country achieve the objectives of the National Development Plan (NDP), says Trade and Industry Minister Rob Davies.
Posted on : Tuesday , 13th January 2015
The Dube TradePort in the South African port city of Durban is now officially an Industrial Development Zone (IDZ), joining three other similar economic zones spread out across the country.
Posted on : Tuesday , 13th January 2015
India aims to boost investment in industrial, economic and social sectors of Africa as the 54-nation continent tries to ramp up development to alleviate poverty, the UN General Assembly was told Friday.
Posted on : Tuesday , 13th January 2015
Arusha — AFTER a 12-month freeze on the road connecting Kilimanjaro International Airport's (KIA) junction and the Mirerani Mining Hills of Simanjiro, work is set.... Read more » Posted on : Tuesday , 13th January 2015
Africa's energy industry could boom in the coming
Posted on : Tuesday , 13th January 2015
On January 10, 2015, President Uhuru Kenyatta of Kenya met with the visiting Foreign Minister Wang Yi at the State House in Nairobi.
Kenyatta said Chinese Foreign Minister’s first visit to Kenya at the beginning of the new year fu.... Read more » Posted on : Tuesday , 13th January 2015
NAIROBI – KENYA Power, the energy utility, is convinced it will record a Sh15 billion pre-tax profit in the 2014/2015 financial year, a senior official has said.
The company, which in the past 22 years had not given its shareholders the highest return, would seek to break the new ground by making the profit.
.... Read more »Posted on : Tuesday , 13th January 2015
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