I see huge promise for growth in sub-Saharan Africa. The region is home to six of the 10 fastest growing economies in the world. A majority of Africans will belong to the middle class within a generation. There is enormous potential for development to accelerate rapidly.
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Posted on : Saturday , 29th November 2014
A new global oil and gas outlook by Moody’s has projected that the industry will witness a flat growth in 2015 a downgrade from the earlier expectation of more than 5 percent growth largely attributed to the drop in crude oil prices.
Posted on : Friday , 28th November 2014
The high court in Nairobi has allowed Block 2B operator Taipan Resources to continue with drilling preparations after lawyers representing the Company’s wholly-owned Kenya-based subsidiary, Lion Petroleum Inc. sought a variation to the conservatory orders issued with respect to drilling activities.
Posted on : Friday , 28th November 2014
Talks between Cyprus and Egypt on the possibility of exporting gas from Cyprus to Egypt are accelerating. Egypt, once an exporter of the resources, has had to divert production to meet domestic demands and is now exploring options to help meet its ever growing demand.
Posted on : Friday , 28th November 2014
The manufacturing sector is seen as a key driver for inclusive growth, job creation and poverty alleviation, but it has been in decline for the past three decades. This has prompted South Africa to commit resources to building and supporting it.
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Posted on : Friday , 28th November 2014
Africa industrialisation day is an annual event celebrated to showcase relevant actions and success stories that promote Africa’s industrial development.
Posted on : Friday , 28th November 2014
“Although we have been one of the top three electrical equipment suppliers in the country for some time, we have now set our sights firmly on becoming South Africa’s number one motor control centre and container sub-station manufacturer," said Bevan Richards, managing director of Shaw Controls. “The upgrades we are implementing during 2011 and 2012 are part of a five year.... Read more » Posted on : Friday , 28th November 2014
The IDC has been trying to secure sufficient energy supplies to convert its plans into a reality, since the plans to launch a new steel mill were revealed last year.
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Posted on : Friday , 28th November 2014
hen Kenya struck oil in Turkana and Wajir counties a few years ago, majority of Kenyans were excited at the prospect of petrol dollars. Finally, the hitherto dry and poverty-stricken counties were on the cusp of a breakthrough and in the process, Kenya would join the league of oil-rich countries. Oil, as a source of energy, is one of the most sought-after resources in the world. However, emerging reports indicate Kenya could get a raw deal in the exploration and exploitation o.... Read more »
Posted on : Thursday , 27th November 2014
Posted on : Thursday , 27th November 2014
Sri Lankan President Mahinda Rajapaska recently visited Kenya during the East African nation's 50th independence ccelebrations. The visit was intended to open new collaborative economic opportunities for the governments and their respective private sectors.
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Posted on : Thursday , 27th November 2014
Kenya’s government is currently considering the final iteration of a bill that would establish three special economic zones (SEZs) within the country. The SEZs will allow lower levels of taxation and fewer regulatory hurdles, and will focus primarily on industrial activity, in particular textile produ.... Read more » Posted on : Thursday , 27th November 2014
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