N e w s

Kenya: As Nairobi Booms, Over 7500 New Millionaires Expected in 9 Years

Kenya has been tipped to create at least 7,500 new dollar millionaires in the next nine years as Nairobi grows to be among the most preferred cities in the world for investment.   A significant rise in the number of millionaires (those with at least Sh100 million each, excluding their residential homes) and that of ultra-high-net-worth individuals (those with at least Sh3 billion) is expected in Mauritius, Ethiopia, Tanzania, Uganda,.... Read more »

Posted on : Thursday , 2nd March 2017

Kenya: Farmers Get Subsidized Fertilizer Ahead of Planting Season

Hundreds of farmers are thronging the National Cereals and Produce Board (NCPB) depot in Eldoret to get cheaper fertilizers ahead of the planting season set to begin in the region.   The parastatal began selling the commodity Monday and the Nation witnessed a long queue at the depot in the town.   The commodity is sold by the board at Sh1800 per bag for two planting varieties and Sh1500 per bag for top dressing.... Read more »

Posted on : Thursday , 2nd March 2017

East Africa: Researchers Confirm Khat's Medicinal Properties, Potential for Billion Dollar Industry

Khat, which was banned by the United Kingdom in 2014, is not as bad after all, at least going by a recent study commissioned by Kenya.   The study, which involved more than 800 people residing in major khat growing areas of the country, was the first large study that looked at the public health impacts of the plant. Its results? Khat has medicinal properties that could be a game changer in the region's health and economic.... Read more »

Posted on : Thursday , 2nd March 2017

Tanzania: PM Asks Public Institutions to Get Profitable, Boost State Coffers

Prime Minister Kassim Majaliwa has instructed parastatal organizations to form partnerships among themselves and with the private sector to implement key projects towards realization of the industry-led economy, outlined in the Second Five-Year Development Plan (FYDP II).   Funds amounting to 107trl/- will be required to undertake the ambitious plan spanning 2016/17 - 2020/21, with the theme; "Nurturing Industrialisation for Economic.... Read more »

Posted on : Thursday , 2nd March 2017

Tanzania: Dar Scientists Make Aflatoxin Breakthrough

Aflatoxin, a major food poisoning fungal infestation that claims hundreds of Tanzanian lives may soon cease to be a major threat following new breakthroughs as the country's scientists finalize on-farm tests aimed at controlling its spread.   The toxic compounds produced by the green mold fungus, which can cause liver damage and cancer, occasions losses of up to 550bn/- annually, and kills at least 3,000 people within that.... Read more »

Posted on : Thursday , 2nd March 2017

Ethiopia: Focus on Domestic Production to Boost Industrial Development

State Minister of Industry Dr. Alemu Sime pinpointed that the country is emulating the experiences of China and South Korea to promote domestic production and foster its industrial development.   This was disclosed during a recent visit of senior government officials to HANSOM KINFENGDA Manufacturing - a Chinese company located at Eastern Industrial Zone engaged in producing special type of corrugated pipes .   Following the visit,.... Read more »

Posted on : Thursday , 2nd March 2017

Ethiopia: Prioritizing Skilled Labour Through Improved Education Infrastructure

Of late, Prime Minister Hailemariam Desalegn had laid a cornerstone for the construction of Borena University in Borena Zone, Oromia State. As the premier spoke after the groundbreaking ceremony, the construction of the university will assist in preserving the cultural values of the pastoral communities, and thereby to address their socio-economic issues.   In fact, efforts have been well undergoing in Ethiopia to make the content and the.... Read more »

Posted on : Thursday , 2nd March 2017

Kenya: Lands Ministry Unveils Plan to Streamline Urbanisation and Land Use

Nairobi — A National Spatial Structure (NSS) expected to guide physical planning in the country has been unveiled.   The structure which is contained in the National Spatial Plan (NSP) for the 2015-2045 period was launched on Wednesday by the Cabinet Secretary in the Ministry of Lands and Physical Planning (MOLPP) Jacob Kaimenyi.   Speaking during the launch, Kaimenyi said the blueprint will henceforth guide three areas of.... Read more »

Posted on : Thursday , 2nd March 2017

Ethiopia, South Sudan Ink Deal to Build Major Link Roads

Ethiopia Prime Minister Hailemariam Desalegn and South Sudanese President Salva Kiir Friday signed several bilateral agreements among them the construction of two major link roads.   The two leaders agreed to prioritise the construction of the Gambella-Pagak-Palouge and Dima-Raad-Boma-Bor roads that link the neighbouring countries.   The roads will link southern and central Ethiopia to Bor in central South Sudan and further north.... Read more »

Posted on : Thursday , 2nd March 2017

Rwanda Excels in 2017 World Bank 'Doing Business' Report

The 2017 World Bank Doing Business Report has ranked Rwanda 2nd in Africa after Mauritius. And globally, Rwanda has improved six places ranking 56th out of 190 countries.   The latest World Bank report was released Tuesday.   The rankings also indicate that Rwanda reduced the gap between the country Mauritius from 30 places last year to only seven places.   Botswana came in third place in Africa and 72nd globally, with South.... Read more »

Posted on : Wednesday , 1st March 2017

Tanzania Strategic Cities Project Gets $130 Million World Bank Boost

Dar es Salaam — The World Bank Group commitment to continue supporting Tanzania was reaffirmed on Monday after it approved $130 million (Sh275 billion) aimed at financing the Tanzania Strategic Cities Project (TSCP).   The project, which is going on, started in 2010 in different cities and towns across the country.   Initially, the project was estimated to cost a total of $175.5 million (about Sh370 billion).   A World.... Read more »

Posted on : Wednesday , 1st March 2017

Ethiopia: Climate Insurance Protecting Farmers from Losses

In late October 2015 in Ethiopia, a total of 12,000 smallholder farmers in four regions started to benefit from this nation's first weather index insurance claims payment to cover the loss for the previous year's crop failure due to El Nino. The weather index insurance claims paid out 2.6 million birr covering a total of around the selected smallholder farmers in Oromia, Gambella, Benishangul Gumuz and Tigray regions. The pilot insurance.... Read more »

Posted on : Wednesday , 1st March 2017



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