Kenya: President Strikes Multi-Billion Investment Deals With U.S. Firms

Kenya has secured commitments amounting to billions of shillings from American companies to increase power production and finance infrastructure projects. Some of these projects have already been initiated. President Uhuru Kenyatta said the commitments were secured during a morning meeting with the American companies under the umbrella Business Council for International Understanding (BCIU). He said Africa was the continent in focus for investors and Kenya must use its.... Read more »

Posted on : Tuesday , 29th September 2015

Crown Paints unveils new paint products

The lead manufacturer of paints, Crown Berger Kenya has unveiled  new products to bring in the fast and ever growing technology improvements in construction industry. One of the products launched is a colour mobile application for efficient products and service delivery.The first product is a water repellant paint referred to as the ultra guard silicone paint. One of its unique features is that it can withstand extreme weather conditions, combines a self-cleaning characteristic.... Read more »

Posted on : Monday , 28th September 2015

SGR construction expanded to Naivasha

China Road and Bridge Corporation (CRBC) in conjunction with Kenya Railways Corporation have entered into an agreement to expand the Standard Gauge Railway line. The railway line that is being built from Mombasa to Nairobi will be extended to Naivasha town, some kilometers away from Nairobi. The commercial treaty will give way for construction of phase two of the SGR project connecting Olkaria industrial park in Naivasha to Nairobi and the port of Mombasa to ease flow of.... Read more »

Posted on : Monday , 28th September 2015

Ethiopian Government to Encourage Foreign Investment in Mining

Ethiopia government has promised a “bright future” for foreign investors in the country’s mining sector. Ethiopian Minister of Mines Tolesa Shagi on Friday called on development partners to join the country’s efforts in boosting the mining sector development for mutual benefit. Speaking at a two-day international mining conference in Addis Ababa, the minister explained Ethiopia’s mineral and petroleum potentials as well as development achievements.... Read more »

Posted on : Monday , 28th September 2015

Call for full exploitation of East Africa’s rice market

A Tanzania Private Sector Foundation (TPSF) consultant, Dr Halima Noor, told a news conference during a high level policy dialogue for rice value chain stakeholders that Tanzania was not utilising her potential in producing and selling rice in East Africa. "Something should be done now in this important rice sub sector," she said in Dar es Salaam over the weekend. Tasked by TPSF, Dr Noor presented a paper titled 'A Policy Scoping Study on Improving Rice Exports to the EAC.... Read more »

Posted on : Monday , 28th September 2015

NOCK Soliciting Multi-Client Seismic Job

Kenya’s state-run oil and gas company, National Oil Corp. Kenya (NOCK) has invited Expressions of Interest (EOI) from eligible companies to acquire a multi-client 3D broadband seismic survey including processing over the shallow waters of the offshore Lamu basin, Kenya. The multi-client surveys and studies are part of the preparation for an open licensing round tentatively scheduled for the year 2017. A formal announcement on the date from the Ministry of Energy and.... Read more »

Posted on : Monday , 28th September 2015

UNDERWRITING AFRICA LAUNCHES IN NAIROBI WITH PRODUCTS TARGETING UPSTREAM SECTOR

East Africa has its first boutique Insurance Intermediary Company set up to provide niche and specialist insurance solutions to oil and gas exploration firms and their contractors. Underwriting Africa whose headquarters are based in Nairobi has among its Reinsurance Partners Swiss Re with other brokerage partners in London and Paris. On the oil and gas front the company will fill a gap that has been void in the local space allowing the importation of specialized insurance.... Read more »

Posted on : Monday , 28th September 2015

LAPSSET PROJECT’S INAUGURAL GLOBAL INVESTMENT CONFERENCE SET FOR OCTOBER IN NAIROBI

The Kenya & East Africa Management Services Company (KEAMSCO), working in partnership with the Kenya National Chamber of Commerce & Industry (KNCCI) will be hosting the inaugural LAPSSET Global Investment Conference in Nairobi on October 26th to 29 2015. The theme of the conference is Building Africa’s transformative & game-changer Infrastructure towards delivering a Just & Prosperous Kenya. The LAPSSET Program is by far Africa’s most ambitious.... Read more »

Posted on : Monday , 28th September 2015

Lighting Africa – Ethiopia launches Consumer Education Campaign targeting over 12 million Ethiopians

Lighting Africa – Ethiopia, a World Bank Group program aimed at accelerating the development of the market for off-grid solar lighting products in Ethiopia, today launched a Consumer Education Campaign in Ethiopia highlighting the benefits provided by modern, quality off-grid lighting, and assisting them in making informed purchasing decisions.   The program addresses the lighting needs of rural, urban, and suburban consumers without electricity access—predominantly.... Read more »

Posted on : Saturday , 26th September 2015

Ethiopians inaugurate new Addis Ababa Light Rail Transit project

Ethiopia on Sunday inaugurated a modern rail project that has been constructed by the China Railway Group (CREC) in the capital of the east African country. The electrified Addis Ababa Light Rail Transit (AA-LRT) is the first light railway on the African continent with two lines of a total length of 34 km.   Of the two rail lines, the east-west corridor extends 17.35 km, stretching from Ayat Village to Tor Hailoch, and passes through Megenagna, Legehar and Mexico Square; and.... Read more »

Posted on : Saturday , 26th September 2015

Tanzania: In Support of Road Infrastructure Investment

Roads are an integral part of the transport system. They account for more than 90 per cent of all passengers and goods transport in the country. Our Staff writer Chaby Barasa who recently accompanied CCM Union presidential candidate Dr John Magufuli on a campaign trail in several regions, revisits the crucial role road transport is playing in spearheading economic development in the country. "If you have roads, you have wealth." The quotation is attributed to Chinese.... Read more »

Posted on : Saturday , 26th September 2015

GGC increases capacity to process more gas

The Ghana Gas Company says it is upgrading its infrastructure to enhance the capacity to receive all the gas from the Jubilee Field for processing. The development is expected to help improve the country’s current energy challenge. Speaking to Joy Business about concerns that excess gas may have to be flared due to the lack of capacity, Chief Executive Dr. George Sipa Yankey differed. He emphasized that Ghana Gas has more capacity to process gas from the current.... Read more »

Posted on : Saturday , 26th September 2015