Market News Page No. 163| Africa Business News

Kenya- New Law Will Boost Oil Exploration and Production

The law is a critical sector enabler. It provides fiscal and regulatory frameworks that govern operations and investments in the sector while setting up institutions that are responsible for making it happen. The law is also the basis for protection of the environment and stakeholder interests while providing the basis for conflict resolution. To the investors, having current and effective legal frameworks reduces the.... Read more »

Posted on : Wednesday , 4th April 2018

Cooking-Gas Plants worth $125 Million Planned By Kenya Pipeline

Managing Director Joe Sang of Kenya Pipeline Co said that the company has plans to build facilities worth $125 million to handle and store liquefied-petroleum-gas with a view to boosting cooking-gas use in the rapidly urbanizing nation. The government in East Africa’s biggest economy has scrapped value-added tax on cooking gas and has subsidized the cost of 6-kilogram cylinders in a bid to make the fuel more attractive and.... Read more »

Posted on : Wednesday , 4th April 2018

Michelin's New Joint Venture Targets Kenyan Market

Michelin Tyres have partnered with CFAO, a renowned distributor of industrial products to further their interests in Africa. This joint venture will oversee the import and distribution of high-quality tyres in Kenya and Uganda. Michelin holds a 49 percent share in the new company with the remaining 51 percent in the possession of CFAO, while administration of the entity will be divided equally. The company will now begin.... Read more »

Posted on : Wednesday , 18th April 2018

Foton Turn to Automotive Market in Kenya with Sh257.2 Million Investment

Car manufacturers Foton have chosen to set-aside around $2.5 million (Sh257.25 million) to reestablish their position and regain their share of the market in East African, with Kenya as its main priority due to the rapid development of its automobile sector. “We have coordinated with our dealer and partner in Mombasa with the total investment amount of up to $2 million and are launching a local manufacturing plant for a total.... Read more »

Posted on : Wednesday , 18th April 2018

TCPAK - Town and Country Planning Association of Kenya at 21st Buildexpo 2018

On behalf of the TCPAK (Town and Country Planning Association of Kenya), I am very delighted to invite all of you at the 21st BUILDEXPO Kenya exhibition that will be held from May 3 to 5, 2018 at KICC – Nairobi. This is Kenya’s largest annual event devoted to the building and construction industry and provides all the participants a platform to introduce their products, find news partners and suppliers, exchange ideas, discover.... Read more »

Posted on : Thursday , 22nd March 2018

Dental Markets Across Africa and Middle-East Projected to Grow

The dental sector across the globe is projected to experience a period of sustained growth and development in comparison to other branches in healthcare. The most recent and best dental developments are being made increasingly available in countries all over the world. The value of dental supplies was USD 25.45 billion in 2016 and is expected to rise further to USD 35.35 billion by 2021. Africa and the Middle-East have been touted as.... Read more »

Posted on : Wednesday , 18th April 2018

Things Looking Up For the Solar Sector in Africa

The co-founder and president of Lumos Global, Nir Marom, says the solar industry on the continent is booming, driven by largely unmet demand for energy. "The fundamentals haven't changed, a huge unmet demand for energy, increasing mobile connectivity, and abundant solar resources altogether mean that we expect exponential growth in 2018," said Marom. He believes the industry is on an upward trajectory and, with.... Read more »

Posted on : Wednesday , 14th March 2018

Kenya Pipeline Boosts Oil-Storage Capacity By 22% with the Introduction of Tanks

Managing Director Joe Sang said that Kenya Pipeline Co. will spend 5.3 billion shillings ($52 million) building four new tanks that will increase its storage space by more than a fifth. KPC is adding capacity to meet growing demand for fuels in East Africa, the continent’s fastest growing sub-region, according to the African Development Bank. The additional tanks will store increased volume from a new pipeline being built.... Read more »

Posted on : Wednesday , 14th March 2018

Solar Energy to Be Provided To Residents By Busia

Busia County has partnered with RVE.SOL Company to provide reliable and adequate solar-powered electricity to residents. The two parties signed an agreement recently. The company will develop, operate and maintain solar mini-grids and offer high quality renewable and sustainable energy. They will also drill boreholes. RVE.SOL chief executive Vivian Vendeirinho and county community liaison officer Caxton Juma signed the.... Read more »

Posted on : Tuesday , 13th March 2018

Warehouse construction is the next big target

Developers are currently targeting the warehouse industry in Kenya and somehow moving away from the crowded construction of residential, retail and office space. With the construction industry in Kenya witnessing a boom in the residential, retail and office space, developers are currently targeting the warehouse industry as a new avenue to expand. Tilisi Developments Limited Co- CEO Kavit Shah stated in reports that there has been a slow.... Read more »

Posted on : Tuesday , 13th March 2018

East African Cement Manufacturers Eyeing Market in Rwanda

East Africa’s biggest cement companies have collectively turned their attention towards the market in Rwanda. The situation in Rwanda is demanding for more cement after local manufacturers have struggled of late to meet the local demand due to the lack of available raw materials. Rwanda acquires 46 percent of its cement through imports with that number expected to rise substantially in the coming days and months. This has caused a.... Read more »

Posted on : Wednesday , 18th April 2018

Positive Emergence in Africas Gas Sector

Gas discoveries worldwide have outsized oil finds by a ratio of two to one over the past two decades. Led by ‘colossal’ finds in East Africa, Africa’s gas reserves have risen by some two-thirds in recent years. The continent’s proven gas reserves of 503.3 trillion cubic feet (Tcf) at end-2016 (BP data) were mainly concentrated in Algeria, Egypt, and Nigeria – accounting for 92 percent of aggregate. The crown.... Read more »

Posted on : Monday , 12th March 2018