Market News Page No. 146| Africa Business News | Afrotrade

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Kenyan Government Turns to Automation to Meet Mombasa Port's Added Demands

The Government of Kenya has made plans to use more automation services at the Mombasa port in a bid to meet the rising demands at the port. According to statistics from the Kenya Ports of Authority (KPA), the port serviced 17.5 tonnes of cargo in a six month period in 2017. This is a substantial increase from the 15.7 million sum recorded in 2016. Cabiniet Secretary, James Macharia, said that he expected the port is to receive more cargo,.... Read more »

Posted on : Wednesday , 18th April 2018

Java Group Plan Sh1billlion Expansion Drive in East Africa; Kenya the Focus

Java Group has set out on a development drive this year that will re-affirm their place as Kenya's number one chain of restaurants. This development drive will see them channel up to Sh 1 billion into their operations in East Africa. Ken Kuguru, Chief Executive of the firm said that the firm would now open new outlets in developing towns and in urban areas in Kenya to produce new income streams and also increase the number of.... Read more »

Posted on : Wednesday , 18th April 2018

EABL Nabs Sh12.5 Billion Funding for Kenyan Plant

Standard Bank Group have advanced a long-term loan of Sh12.5 billion (US$125 million) to East African Breweries Limited (EABL). These funds will be utilized for the purpose of develop the Senator Keg processing plant in Kisumu. The processing plant is expected to produce 110,000 direct and indirect employments and further the sorghum demand to 40,000 in the following five years from the current figure of.... Read more »

Posted on : Wednesday , 18th April 2018

Innovative New Tele-medicine Initative Sema Doc to Boost Heath care in Kenya

The public sector in Kenya will endeavor to enhance access and quality to medical services and is looking to use the private section with the objective of propelling efficiency. The organization has been working through the Ministry of Health and partnering with players in the private section to embrace advancements in e-health. This has seen the Kenyan Ministry of Health just recently launch Sema Doc. Sema Doc is a well crafted.... Read more »

Posted on : Wednesday , 18th April 2018

Sh600m Assigned To Up-gradation Of Kenyan Hospitals

Plans for the development of the Kiambu Level Five Hospital have been delivered up on by the Kiambu regional government.Representative Ferdinand Waititu had before promised to set aside Sh600 million for the express purpose of the office's extension. The office has just recently achieved level five status. The senator additionally said that the facility would soon twofold its capacity from 200 beds to 400. “Expect a.... Read more »

Posted on : Wednesday , 18th April 2018

CONSTRUCTION WORK IN FULL SWING THE TALLEST BUILDING IN AFRICA

'The Pinnacle’ in Nairobi, Kenya, with a height of 300m is on track to become the tallest skyscraper in Africa, easily exceeding South Africa’s 223m Carlton Centre. With the foundation stone laid by Kenyan President Uhuru Kenyatta, construction has begun on the mega structure. Located in Nairobi’s vibrant financial hub called Upper Hill and situated at a distance of only 16km from Jomo Kenyatta International Airport, this.... Read more »

Posted on : Saturday , 20th January 2018

Kenya's economy indicates versatility

In spite of the fact that President Kenyatta won the October election rerun, which had been ordered by the Supreme Court, almost half of the voting public did not show up for the poll on the directions of his rival, Raila Odinga, who boycotted the second poll. President Kenyatta had won the election held in August, yet it was considered to have been conducted improperly by the Supreme Court. President Kenyatta might be forced to.... Read more »

Posted on : Saturday , 20th January 2018

Kenya mining industry set for a boom

A new mining act signed into law by President Uhuru Kenyatta could see Kenya’s nascent mining industry finally come into its own. Oil companies, like UK’s Tullow Oil, have been prospecting in Kenya for a few years now, and they are expected to start production by 2021. Due to a mining law passed late 1940 combined with geological data that was 32 years older than that, Kenya missed out on the mineral exploration boom that.... Read more »

Posted on : Thursday , 22nd March 2018

Rural Kenyans Adopt Solar Power

Regina Ocholla, 70, has used a kerosene tin lamp all through her life until two months ago when her son financed the installation of solar panels in her three-roomed house. Ocholla, a resident of Nyakach village in Karachuonyo, South Nyanza, says she would spend at least Sh1,000 to Sh1,200 on paraffin every month, money she now saves for food. “I no longer have to use a torch at night when I want to go outside.... Read more »

Posted on : Wednesday , 17th January 2018

Kenya Off-Grid Power Firms to Benefit From Sh10bn Fund

Kenyan firms producing off-grid power will be able to acquire capital from a new Sh10.3 billion fund that is being set up by the African Development Bank (AfDB) and a group of international financial investors. The Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF), will provide local and hard currency loans to off-grid energy companies that specialize in producing clean electricity, focusing initially on West.... Read more »

Posted on : Wednesday , 17th January 2018

Volkswagen in Kenya to Double Production

German automaker Volkswagen is hoping to double production and also to present another model in Kenya. VW’s South Africa chief Thomas Schaefer told President Uhuru Kenyatta at a meeting that “the firm was exploring producing a second model in Kenya, possibly a hatchback – small SUV – while doubling production of the VW Polo Vivo to at least 300 vehicles,” Developing the automotive industry is.... Read more »

Posted on : Tuesday , 16th January 2018

Kenya- Natural Gas Plant Project Revived

After dropping the project in 2018, Kenya has made a U-turn and renewed plans to build its first natural gas-fired power plant in Mombasa. Energy secretary Charles Keter has initiated fresh talks with the Treasury in preparing a financing structure for the 700-megawatt (MW) power plant that the government seeks to implement together with a private investor under the public-private partnership model. In 2016, the ministry.... Read more »

Posted on : Tuesday , 16th January 2018

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