Market News Page No. 173| Africa Business News | Afrotrade

Afrotrade - Foreign Products & Machinery Catalogue for African Buyers

N e w s

Kenyan offshore patrol vessel handed over

Bangladeshi shipbuilder Western Marine Shipyard (WMS) has handed over the offshore patrol vessel MV Doria for Kenya's Ministry of Fisheries, Livestock and Agriculture at its facilities in Bangladesh, and will sail it to Kenya at the end of this month. The handover ceremony on 13 August was attended by Bangladesh’s Finance Minister Abul Maal Muhith and Managing Director of WMS Sakhawat Hossain, at the company’s shipyard.... Read more »

Posted on : Tuesday , 12th September 2017

East Africa: Total Seeking Kampala-Dar Pipeline Route for Kenya Oil

French oil giant Total, which is consolidating its position in the region's extractives sector through its full acquisition of Maersk Oil and Gas stake in Kenya's South Lokichar oilfields, plans to push for discussions that would see Kenya's oil transported through the Uganda-Tanzania pipeline. Such a decision, still at the wishful thinking stage, would have far-reaching implications for Kenya's grand infrastructure project -- the.... Read more »

Posted on : Tuesday , 12th September 2017

Lobby raises red flag over Total�s role in oil plan

Festering differences between the Energy ministry and French oil major Total could disrupt Kenya’s upstream oil industry even before it begins commercial production, an industry lobby has warned. The French firm last month acquired Maersk Oil’s global business, giving it a 25 per cent stake in the three blocks in Lokichar that are being readied to start oil production. It will partner with Tullow Oil – which is the.... Read more »

Posted on : Tuesday , 12th September 2017

Nock eyes buyers of Nairobi oil terminal

National Oil Corporation of Kenya (Nock) has put on sale its multi-million shilling Nairobi petroleum depot, just eight years after expanding the facility to match growing fuel storage demand. The State-owned oil marketer said it had received a bid for an outright acquisition of the terminal that also has a truck loading facility and a warehouse. “In this regard, National Oil is interested in engaging the services.... Read more »

Posted on : Tuesday , 12th September 2017

Kansai Plascon acquires Sadolin Paints Kenya in a deal worth over $100m

Kansai Paint is a global company with major operations in Japan, China, Asia, the Middle East, Europe and Africa. Its product offering covers the decorative, industrial, protective coatings and automotive segment. It has research and development facilities in Japan, India and South Africa. Speaking during a press briefing, Kansai Plascon Kenya Managing Director Jamil Virjee said: “We are thrilled at this acquisition..... Read more »

Posted on : Tuesday , 12th September 2017

VW SA mobilises team to drive sales elsewhere in Africa

Thomas Schaefer, the chairman and managing director of Volkswagen Group South Africa, said a team was established last month that would go from country to country to assess opportunities. The establishment of the team follows Volkswagen South Africa earlier this year assuming responsibility for developing and networking 49 states to form the new sub-Saharan Africa region in the Volkswagen Group as part of a rationalisation.... Read more »

Posted on : Tuesday , 12th September 2017

Simba Corp to acquire full control of vehicle assembler

Simba Corporation is set to take full ownership of Mombasa-based Associated Vehicle Assemblers (AVA) after it received regulatory approval to acquire the stake held by Marshalls East Africa. The AVA is currently owned on a 50/50 basis by Simba and Marshalls. In a press statement, Competition Authority of Kenya (CAK) said it had granted Simba conditional approval to “acquire control” of the vehicle assembly.... Read more »

Posted on : Tuesday , 12th September 2017

Market competition for commercial vehicles intensifies

Rising urbanisation is encouraging unprecedented infrastructural developments in Africa, especially across the construction and oil and gas sectors. Frost and Sullivan report that this is strengthening the regional market for commercial vehicles (CVs) like rigid trucks and flatbed trailers. Asian original equipment manufacturers (OEMs) such as Isuzu, Mitsubishi, Dongfeng, Sinotruk, Tata and Ashok Leyland have started making rapid inroads.... Read more »

Posted on : Tuesday , 12th September 2017

New Jaguar models to be electric in 2020

The carmaker said that the first of the new models would be a fully electric vehicle, the Jaguar I-Pace, to go on sale in 2018. JLR chief executive Ralf Speth said the move was aimed at “giving customers even more choice”. The firm, Britain’s biggest carmaker, is owned by India’s Tata. In July, Chinese-owned firm Volvo said all its new models would have an electric motor from 2019, one.... Read more »

Posted on : Tuesday , 12th September 2017

KenGen appoints Rebecca Miano acting CEO after Mugo retires

KenGen has named Rebecca Miano the first female acting MD and CEO in its history, following Albert Mugo's retirement on August 25. Miano takes office immediately, chairman Joshua Choge said in a notice on Friday. Miano is the first woman to hold the position since the company was established. She had been serving as the company's secretary and legal affairs director since 2008. Mugo held the top job since January.... Read more »

Posted on : Tuesday , 12th September 2017

Loans for solar systems make power affordable in rural Kenya

It is early evening in Ndabibi village in Naivasha, and there are threatening clouds overhead. Kenneth Njoroge quickly parks his motorcycle by the mud structure that serves as his kitchen and rushes into the main house before the rain starts pounding. Until recently, Njoroge’s home northwest of Kenya’s capital, Nairobi, was poorly lit at night. Most people in Ndabibi are not connected to mains electricity, and rely on.... Read more »

Posted on : Tuesday , 12th September 2017

Passaris: From adopting lights to City National Assembly seat

Finally, Esther Passaris, better known as Mama Taa, made it to political office after three failed attempts. She won in the Nairobi woman representative race in the just-concluded election. Passaris won with 828,848 votes, flooring incumbent Rachel Shebesh of Jubilee, who garnered 671,898 votes. Passaris, 52, made her first stab at political office in 2007, when she ran for city mayor. She lost to Baba Dogo.... Read more »

Posted on : Tuesday , 12th September 2017

« previous 1 2...170 171 172173174 175 176...595 596 next »

Featured Companies

Complete List

Advertisers:

Home | About Afrotrade | Advertise With Us | Trade Events | Contact Us | Link to us | Imp Links | Terms | Follow us on :

Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade