German Solar/PV Business Delegation in Kenya and Tanzania

  The Delegation of German Industry and Commerce Kenya organized the “Kenyan/ East African –German Conference on Solar PV”, held at the Southern Sun Mayfair on the 29th October. The Kenyan Ministry of Energy and Petroleum co-hosted this event.   During the conference, information about current developments in the energy policy and the regulatory framework were given by the Ministry, ERC and REA. In addition, the German companies also presented their.... Read more »

Posted on : Tuesday , 16th December 2014

East Africa: Indian Investment to Lead Trade Growth in East Africa

Increased trade between India and East Africa will be driven by private sector-led development, supported by investment from Indian businesses, said participants at a recent workshop organized as part of a United Kingdom government-backed project on Supporting India's Trade Preferences for India (SITA), implemented by the International Trade Centre (ITC). Business leaders joined policymakers and representatives of international organizations for the 4-5 December meeting of SITA's.... Read more »

Posted on : Tuesday , 16th December 2014

Vestas Receives Big Order for Kenyan Wind Power Project

International wind energy leader Vestas Wind Systems has announced that it has received an order to provide wind turbines for the 310 MW Lake Turkana Wind Power project in Kenya, Africa — a project that Vestas claims will be the largest wind power project in Africa upon completion..... Read more »

Posted on : Tuesday , 16th December 2014

Africa: CTIL Bags manufacturing Endorsement

 Coleman Technical Industries Limited (CTIL) has received the Standards Organisation of Nigeria's (SON's) endorsement to produce high quality voltage cables in the country.\ Director General, SON, Dr. Joseph Odumodu said the endorsement is coming on the heels of the agency's commitment to drive industrialisation in the nation through standardisation. Odumodu during a courtesy visit to CTIL, added that the investment also indicates the confidence of the company in the nation's.... Read more »

Posted on : Tuesday , 16th December 2014

East Africa: Manufacturing Company to launch in forth coming months

 Medtech Ceramics Manufacturing Plc (MCM), a ceramic and sanitary ware manufacturer, is expecting the delivery of two ceramic manufacturing machines in three months, for the factory which could begin operation in 10 months. MCM was established jointly by Medtech Ethiopia Plc and Sheikh Faisal bin Al Qasimi, chairman of Julphar Gulf Pharmaceutical Industries, and Star Group Holdings. The Company, established six months ago with a capital of 450 million Br, has finished.... Read more »

Posted on : Tuesday , 16th December 2014

Tanzania: Over 17 Billion Set Aside for new Investment Venture

 SOME 10 million US dollars (17.22bn/-) has been closed in escrow and up to 3,642,857 common share purchase warrants for an institutional lender that will provide money to develop Buckreef gold mine project jointly owned by Tanzanian Royalty Exploration Corporation (TRX) and State Mining Corporation (Stamico). In a statement issued, TRX Chief Executive Officer, James Sinclair said the facility may be increased to 15 million US dollars (25.83bn/-) subject to financial.... Read more »

Posted on : Tuesday , 16th December 2014

CAMAC Energy to Acquire 3D Seismic Offshore Gambia

CAMAC Energy has announced that its wholly owned subsidiary, CAMAC Energy Gambia Ltd has awarded a contract for the acquisition of a 3D seismic survey to Polarcus Limited covering approximately 1,504 km2 in the Company’s A2 and A5 blocks offshore Gambia.   CAMAC says that the objectives of the seismic survey are to enhance the definition and maturation of potential prospects in the blocks and provide high-quality sub-surface images that allow high-resolution.... Read more »

Posted on : Tuesday , 16th December 2014

More US firms now seeking to venture in Kenya s infrastructure and energy

A delegation of 10 US companies have last week met local investors in a bid to build investment networks in energy, infrastructure and agribusiness. The delegation of 15 representatives from the companies was led by Corporate Council for Africa, an American-based business lobby firm. The Corporate Council for Africa President Mr. Stephen Hayes was quoted as saying that Kenya is one of the ideal investment places because it is part of the Power Africa – an initiative by Obama to.... Read more »

Posted on : Monday , 15th December 2014

Tanzania Attracts 400 Indian Pharmaceutical Firms

At least least 400 leading Indian pharmaceutical companies see Tanzania, which has a population of just under 45 million, as a highly promising market they ought to capture.   Ashutosh Gupta, Vice Chairman of the Pharmaceuticals Export Promotion Council of India (Pharmexcil), said here last week that India ranks fourth globally in terms of pharmaceutical production volumes and 13th globally in domestic consumption value and that more than 100 pharmaceutical firms are already.... Read more »

Posted on : Monday , 15th December 2014

Indian Industry to begin operations in Africa

 CIL officials said that India would start receiving coal from the Mozambican mine within the next three to four years. “The final phase of exploration for CIL’s A1 and A2 mining blocks at Tete Province is complete. Coal sampling is in progress. A geological report and detailed project report will be prepared. We hope to start mining within next six months to a year,” added a senior official of CIL. If the plans of the Mozambican government and Indian coal.... Read more »

Posted on : Monday , 15th December 2014

Mombasa Industry opens US$25mn factory in Kenya

 According to the company, the newly opened factory is part of the country's move to position itself and East Africa as a key investment hub in sub-Saharan Africa. Adan Mohamed, industrialisation and enterprise development cabinet secretary of Kenya, said, "From a global perspective, many industrialised nations have had the textile and apparel sectors as their pioneer sectors to achieve industrialization. Investments in the textiles and apparels sectors are a clear.... Read more »

Posted on : Monday , 15th December 2014

SEIFSA Industrial development towards engineering and manufacturing

 Adelia Pimentel, marketing and communications executive at SEIFSA, said, “It is of paramount importance that companies play a crucial role in socio-economic upliftment and are recognised for their contributions and encouraged to continuously do more.” Ten categories have been shortlisted for awards such as “Most Innovative Company of the Year” for the company that has shown the high creativity in research and development and “The Health and Safety.... Read more »

Posted on : Monday , 15th December 2014