N e w s

Rwanda's Renewable Energy Program Well Funded

 A $48.9 million agreement was signed for a plan to upgrade Energy Renewable Programs, so as to assist the government of Rwanda to garner finances from the private sector. The main objective of the program is to provide access to power through non-grid solar panels.   The agreement was signed by Claver Gatete, the Minister of Finance and Economic Planning and Yaseer El Ghammal, the World Bank Country Manager for Rwanda.   With.... Read more »

Posted on : Wednesday , 4th October 2017

Kenya Remains Uber's Second Largest Market in Africa

 There are 363,000 active Uber users in Kenya according to the newest statistics released by the company to mark its fourth year on the African continent.   South Africa is supposedly, Uber’s main market in Africa with an estimated 969,000 active users, while Kenya remains a distant second.   The data also revealed that there are 5,000 drivers in Kenya and 12,000 in South Africa, currently on Uber’s.... Read more »

Posted on : Wednesday , 4th October 2017

Highest Suspended Restaurant to be part of Kenya's High Rise

 Nairobi, Kenya is rapidly becoming a hub for stunning feats of architecture and design. Nairobi now boasts a number of ultra-modern buildings; this trend is expected to continue with investors increasingly interested in such projects.    President Uhuru recently laid the foundation in a ceremony for what is set to be Africa’s tallest building, in May this year.   The Pinnacle Tower, a 70-storey building in Upper.... Read more »

Posted on : Tuesday , 3rd October 2017

Major Road Upgrades Underway in East Africa; ADB to be Financier

  The Tanzanian governments have designs on upgrading the dual carriageway stretch of the Arusha-Holili road as they look to find funds to finance the project and upgrade the rest of the road. The carriageway stretches 14.2 kilometers and will pose as an arduous endeavour.    The government has taken taken steps to approach the Japanese government as an a means to fund secure the funds and get the project running. Approaches to.... Read more »

Posted on : Tuesday , 3rd October 2017

Two Agreements Signed to Boost Agriculture in Tanzania

 The government and the United Nations Food and Agriculture Organization (FAO) have signed two agreements, in an attempt to support farmers on issues regarding global warming and improved competitiveness in the rice farming trade, especially in the Iringa region.   The agreement was signed by Eng. Mathew Mtigumwe, Permanent Secretary (PS) in the Ministry of Agriculture, Livestock and Fisheries and FAO Country Representative, Mr. Fred.... Read more »

Posted on : Monday , 2nd October 2017

Magufuli to Move Ahead With Selous Dam Despite Criticism

Tanzania Selous Game Reserve, one of the world’s biggest faunal reserves has gained a lot of traction in recent times from a minimum of 50 multinational companies. The intention of these companies is to construct the Rufigi hydropower project at Stiegler’s Gorge. Potential bidders were required to have a minimum of US$ 500 million turnovers, as directed by the Ministry of Energy and Minerals.   The Selous Game Reserve.... Read more »

Posted on : Monday , 2nd October 2017

Plans in Place to Construct Tanzania's Largest Medical Factory

 The Tanzanian Government has entered into a contract with Neusoft Medical Systems Company Ltd from China, to construct what is expected to be Africa’s largest medical equipment manufacturing company.   A lot is expected from this new association. The products from this new factory will help diagnose, monitor and treat a number of diseases and conditions.   The contract was signed, on the behalf of the government by Dr..... Read more »

Posted on : Monday , 2nd October 2017

"Cytonn Towers" Development to add to Nairobi's Skyline

 A new 35-floor project is being developed in the Kilmani area in Kenya. Project developers Cytonn Real Estate is touting, this newest development as an “Iconic mixed-use development project”.   The “Cytonn Towers” will be constructed at the junction of Egeyo Marakwet and Argwings Kodhek Roads, on a four-acre piece of land. In totality, the project is expected to cost as much as US$194m.    Cytonn.... Read more »

Posted on : Monday , 2nd October 2017

British Council Holding 3 Day Oncology Workshop in Kenya

 The British Council in association with the London Royal College of physicians will undertake a 3 day training program in Nairobi. The workshop will work with physicians in regard to early cancer diagnosis, prevention, principles of treatment and the main aspects of holistic management.    According to WHO estimates, 8.2 million people lose their lives to cancer annually. Also, 13 per cent of deaths worldwide are caused by.... Read more »

Posted on : Monday , 2nd October 2017

Tanzania-Ntorya Project Tipped to Prosper

 The recently appraised Ntorya Project is all set to take the next step in its development and is being set up for construction.   Solo possesses a 25% stake in the project, which is being operated by Aminex. Minority partner AIM is said to be looking for a new form of financing, with a new partner or divestment remaining viable options.    An upgrade in the resource estimate has seen the assets value receive a boost,.... Read more »

Posted on : Friday , 29th September 2017

Guru Aly-Khan Satchu to speak at Kenya Mining Forum

 The keynote speaker at the Kenya Mining Forum in Nairobi will be Mr. Aly-Khan Satchu, CEO of Rich management Ltd. The event will be taking place at 4-5th December. Mr Satchu will feature in the opening session of the event and will speak on ‘What do the financial markets tell us about the mining industry at present?’   According to Mr. Satchu, kenya’s  current status as a free market, puts the nation in a.... Read more »

Posted on : Friday , 29th September 2017

Kenya Look To Put a Stop to Illegal Mining

 Cabinet Secretary for mining, Mr. Dan Kazungu has stressed the importance of everyone involved in the mining trade to adhere to the rules and regulations stated in the Mining Act. He emphasized the need of valid export permits, while conducting business relating to mining.    “A lot of revenue that is meant to be generated through taxation and royalties are bringing lost to the increased shipment of illegal.... Read more »

Posted on : Friday , 29th September 2017



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