N e w s

KenolKobil and Castrol to build lubricant plant

KenolKobil and British industrial and automotive lubricants manufacturer Castrol have partnered to construct a $15 million (Sh1.5 billion) lubricants factory in Mombasa.   KenolKobil sought the partnership believing it to be a cheaper option than importing the lubricants from South Africa, where it has been obtaining the merchandise from.   The oil Company’s Chief Executive Officer David Ohana confirmed the partnership and.... Read more »

Posted on : Tuesday , 16th August 2016

Government making agriculture ‘cool’ for youths, says CS Bett

The government wants to make agriculture “cool” in a bid to encourage Kenyan youths to engage through modern technology.   Agriculture cabinet secretary Willy Bett said on Monday during an Agricultural summit at State House that this was meant to make agriculture more attractive to the younger people who see it as a reserve for the old and those in rural areas.   He said that the government is especially concentrating.... Read more »

Posted on : Tuesday , 16th August 2016

Kenya is food secure, says Agriculture CS Willy Bett

Agriculture Cabinet Secretary Willy Bett has said the country has sufficient food reserves.   The CS's assurance contradicts recent claims by maize millers of shortages.   He told the State House Summit on Agriculture that there was no danger of hunger in the country.   "Kenya is food secure and we are working to ensure we remain food-sufficient," Mr Bett said during the third meeting of its kind to be held in.... Read more »

Posted on : Tuesday , 16th August 2016

Tanzania: Dar Investment Opportunities Attract Investors

Tanzania remains the centre of attractions to investors in Africa and the globe due its immense and unique investment opportunities.   "Tanzania is endowed with unique investment opportunities among the East African countries and has been the major focus on most investors from Africa and the world," the Frontier Advisor, Deloitte, Mr Martyn Davies said in Dar es Salaam at the weekend.   He made the remarks on behalf of.... Read more »

Posted on : Tuesday , 16th August 2016

Ethiopia Envisages Becoming World's Second Coffee Producer

 The Ministry of Farming and Natural Resource said it is working towards enabling Ethiopia become world's second coffee producer in a decade.   Officially launching preparation for the 15th African Fine Coffee Conference and Exhibition slated for February 12-17, 2017 in Addis, State Minister Wondyirad Mandefro said that Ethiopia will become the second largest coffee producer in the world at least in a decade.   He said:.... Read more »

Posted on : Monday , 15th August 2016

Tanzania: China Trade With Tanzania At U.S.$5 Billion

Dar es Salaam — Trade between China and Tanzania has hit $5billion according to the Chinese Embassy in Tanzania.   The Deputy China Ambassador to Tanzania Gou Haodong confirmed to East African Business Week that they will continue to invest in Dar while improving their bilateral ties and economic cooperation as trade between the two countries.   He was exclusively speaking to East African Business during a one day seminar on.... Read more »

Posted on : Monday , 15th August 2016

Tanzania: Cyber Firm Releases Technology to Boost Protection Against Unknown Exploits

A cyber firm, Sophos, has announced the availability of a better programme for Sophos Intercept, the next generation of advanced endpoint protection in the company's broad portfolio of security solutions.   The senior vice- president and general manager of Enduser Security Group at Sophos, Dan Schiappa, said that with the steady rise of crippling ransom ware, pervasive zero-day exploits and memory resident attacks, sophisticated end-user.... Read more »

Posted on : Monday , 15th August 2016

Tanzania: Financial Institutions Urged to Finance Farmers

Njombe — Financial institutions have been urged to give loans to farmers to enable them increase their agricultural productivity.   Speaking at the closing of the five-day business training workshop to the local famers here over the weekend, Acting Njombe District Commissioner Anna Wiketye said lack of capital and unavailability of loans to famers remain among the great challenges in the region.   The Tanzania Dairy Farming.... Read more »

Posted on : Monday , 15th August 2016

Kenya: Turkey Looking to Make Inroads in Regional Construction Industry

The Turkish business community on Friday launched a major drive to popularise their construction and building products with a view to penetrating the East African market.   Turkish Ambassador to Kenya Deniz Eke said Turkey manufacturers were ready to form partnerships with Kenyan traders to promote their products.   Ambassador Eke said the deal would involve exploring ways to make the products locally.   She said that this.... Read more »

Posted on : Monday , 15th August 2016

Kenya to Install 23 Solar Mini-Grids to Power Remote North

 The Kenya government, with the support of a 33-million-euro credit from the French government, plans to install 23 solar mini-grid power stations with the capacity to produce 9.6 MW of power to connecthouseholds in remote northern Kenya to electricity. Also to be installed as part of the project is a 0.6-MW mini-grid wind power plant, scaling up projected wind power production in the country in the next four years.    Already.... Read more »

Posted on : Monday , 15th August 2016

Kenya: M-Pesa Diaspora Cash Inflows Hit Sh13.1 Billion

International money transfers on Safaricom's M-Pesa platform grew 64 per cent to Sh13.1 billion in the year ended March after the telco acquired a license from the Central Bank of Kenya (CBK) to offer outward cash remittances.   Safaricom launched M-Pesa services in Tanzania in February 2015, followed by Rwanda three months later after receiving a cash remittance operating licence from the CBK in 2014.   M-Pesa was previously.... Read more »

Posted on : Monday , 15th August 2016

Dam construction going full steam while Egypt-Ethiopia talks stall

BENISHANGUL-GUMUZ, Ethiopia — Ethiopia is seeking rapprochement with Egypt through the media after years of rising apprehension over the Grand Ethiopian Renaissance Dam of the Blue Nile watershed.   The tension arose almost as soon as then-Ethiopian Prime Minister Meles Zenawi laid the foundation stone in April 2011 for the now almost-finished dam.    Political and technical negotiations between the capitals, Cairo and.... Read more »

Posted on : Monday , 15th August 2016



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