Market News Page No. 169| Africa Business News | Afrotrade

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Pooling medical services can help lower healthcare cost

The main challenge facing health providers is improving service efficiency and making treatment affordable without compromising the quality of care. This entails lowering the cost of treatment and tackling inefficiencies that hamper access to care. Two primary areas of focus in health reform are lowering cost of drugs and eradicating corruption and waste of resources. The high cost of drugs can be managed through increased use of.... Read more »

Posted on : Friday , 11th August 2017

National Oil rolls out cooking gas initiative

National Oil has kicked off the pilot phase of its cooking gas distribution and marketing project dubbed Mwananchi Gas in 17 counties. The programme, which started a year ago, is being implemented at a cost of Sh5 billion. It is aimed at getting more households to use gas as their preferred means of cooking. The initiative will see the initial retail price of a 6kg gas cylinder come down to Sh2, 000 from Sh4,400. Nock Corporate Manager.... Read more »

Posted on : Friday , 11th August 2017

Government trains 349 Kenyans in oil exploration

The Government has trained 349 Kenyans in oil exploration over the past four years, according Devolution Cabinet Secretary Mwangi Kiunjuri. In a speech read on his behalf by Fisheries Principal Secretary Japheth Ntiba Micheni at a conference in Kakamega, the CS said the training cost Sh480 million. He said those trained were drawn from various Government agencies. Kiunjuri said those trained will help in development of gas and oil.... Read more »

Posted on : Friday , 11th August 2017

Tullow Strikes More Oil In Kenya

Tullow Oil has announced a find in the Emekuya-1 oil well in the South Lokichar basin in the northwestern part of the country. The exploration well was drilled in the Block 13T, which the UK-based, Africa-focused company operates with a 50-percent interest in partnership with Maersk Oil and Africa Oil Corporation, both with 25-percent stakes. The well revealed a net pay—the vertical height of the rock formation that holds.... Read more »

Posted on : Friday , 11th August 2017

National Oil acting chief executive confirmed

The National Oil Corporation of Kenya has confirmed interim boss Mary Jane Mwangi as chief executive after acting for a year. The State-owned firm said Ms Mwangi was ranked top in the interview and will now head the firm for three years effective August 1. “She is expected to drive change, lead and build a competitive fully integrated oil and gas firm,” said Samuel Gakunga, acting chairman at Nock. Ms.... Read more »

Posted on : Friday , 11th August 2017

President Uhuru launches construction of Sh1.7b Kisumu oil jetty

President Uhuru Kenyatta Wednesday launched the construction of the Sh1.7 billion Kisumu oil jetty whose completion in October is expected to help Kenya recapture the regional fuel market share lost to Tanzania. The jetty whose construction began in April is 15 per cent complete and is expected to boost throughput in Kisumu by 1 billion litres a year in phase 1 and up to 3 billion litres per year by 2028. It will improve the reliability.... Read more »

Posted on : Friday , 11th August 2017

Dutch oil marketer Lexo Energy launches in Nairobi

A Netherlands-based company has launched operations in Kenya, making Nairobi its second African destination. Lexo Energy, the latest oil marketer to join the Kenyan market, is backed by a multi-billion-shillings war chest with which it plans to open up to 25 new petrol stations this year. The entry bucks a recent trend in which Western multinationals have been exiting Kenya’s (and Africa) petroleum retail market to.... Read more »

Posted on : Friday , 11th August 2017

Total Kenya parent firm's profits surge as oil prices rise

French oil company Total said Thursday underlying profits gushed higher in the second quarter thanks to a recovery in the price of oil, with the company also benefitting from increased output. The firm's measure of adjusted profits that excludes exceptional items climbed 14 per cent from the same period last year to $2.5 billion (about Sh260 billion). That beat the consensus forecast of analysts surveyed by financial data.... Read more »

Posted on : Friday , 11th August 2017

Volkswagen unveils Sh1.65m passenger car as Uhuru inaugurates plant in Thika

The Volkswagen Group Wednesday unveiled its first locally assembled passenger vehicle in four decades during the official opening of its production line at the Kenya Vehicle Manufacturing plant in Thika. The vehicle, VW Polo Vivo, which has been assembled in three months, will retail at Sh1.65 million inclusive of value-added tax. The group will in its initial phase produce up to 1,000 vehicles per year, a number that.... Read more »

Posted on : Friday , 11th August 2017

Toyota appoints first Kenyan as Country Manager

The appointment of Reel is the first Kenyan appointment to this position. Reel takes over from Sachio Yotsukura who has been with the company for the last four and a half years and returns to Japan to pursue other duties under the parent company, Toyota Tsusho Corporation. Reel comes back home to Toyota Kenya with extensive experience in the automotive industry spanning 20 years, having held various positions in.... Read more »

Posted on : Friday , 11th August 2017

Buses for Africa: Daimler launches two locally built Mercedes-Benz models for Kenya

Daimler is bringing two new bus models to the important African market of Kenya. This is Daimler Buses’ response to the ever-growing demand in East and Central Africa for comfortable and safe buses for passenger transportation. Both bus models are built in Nairobi in cooperation with local sales partner DT Dobie Kenya for the domestic market and its challenging road conditions. The compact Mercedes‑Benz 917 city bus is ideal.... Read more »

Posted on : Friday , 11th August 2017

Motorcycle TVS StaR HLX 150 launched in Kenyan market

Listed equipment supplier Car and General has launched a motorcycle, TVS StaR HLX 150, with state-of-the-art features in the local market. “Kenya has recently witnessed a positive upswing in the economy, thus creating opportunities in the transport and mobility sector,” Car and General group managing director Vijay Gidoomal said in a statement. The motorcycle is targeted at boosting the firm’s sales in.... Read more »

Posted on : Friday , 11th August 2017

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