Billionaire businessman Mahesh Chandaria’s family has acquired an undisclosed stake in Mobius Motors, the start-up auto firm that is building Africa’s cheapest car.
Posted on : Friday , 5th December 2014
Dodoma — THE government, through the Ministry of Foreign Affairs and International Cooperation, is planning to construct an office building and an investment venture in Nairobi, Kenya.
Posted on : Friday , 5th December 2014
The Sh12 billion Turbi-Moyale Road is 40 per cent complete, the Kenya National Highways Authority has said
The project is the third and last phase of the Mombasa-Nairobi-Addis Ababa Road Corridor Development project. Kenha said movement of goods and services will be enhanced once the project is completed.
The project, financed by the African Development Bank, was started by President Mwai Kibaki in October 2012. It is expected to be completed in December next year.&n.... Read more »
Posted on : Friday , 5th December 2014
Nissan is set to open four new showrooms in major towns across the country in a Sh1.3 billion expansion plan which will also include opening of new service centres.
Posted on : Thursday , 4th December 2014
Hinduja Group flagship firm Ashok Leyland has announced bagging of two large integrated transport projects in Tanzania and Zimbabwe worth a total of $79.2 million.
Posted on : Thursday , 4th December 2014
Tanzania is planning to put up a new office in Nairobi – Upper Hill area – a building that will also host the country’s embassy in Kenya. Foreign Affairs Deputy Minister Mahadhi Maalimu told parliament last week that the government was concluding dialogue with NSSF to see the implementation of the project by the fund.
Posted on : Thursday , 4th December 2014
Permanent Secretary in the ministry of Transport John Mosonik has said that construction of the Dongo Kundu bypass in Mombasa will start early next year. The much awaited infrastructure project is expected to decongest Mombasa by serving as an alternative to Likoni ferry. It will link the mainland to the south coast.
Posted on : Thursday , 4th December 2014
Tanzania expects to double its cement production in the next few years as new factories come on-stream to satisfy growing demand from the construction sector, a senior government official said on Tuesday.
Posted on : Thursday , 4th December 2014
Logistics company Imperial Logistics’ Africa-focused healthcare supply chain management provider last month started the construction of a $20- million pharmaceuticals storage and distribution facility in Nairobi, Kenya.
Posted on : Thursday , 4th December 2014
A $25 million intravenous fluids plant was officially opened this month in Sudan by Vice President Hassabo Mohamed Abdul-Rahman.
Posted on : Thursday , 4th December 2014
Pharco Pharmaceuticals has entered into an exclusive license agreement to develop and commercialize Presidio’s clinical stage hepatitis C virus (HCV) NS5A inhibitor PPI-668 in Kenya.
Posted on : Thursday , 4th December 2014
The founder of global telecommunications Econet Wireless group Strive Masiyiwa said Africa was set to become a global innovation hub.
Posted on : Thursday , 4th December 2014
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