Market News Page No. 170| Africa Business News

Youth in Agribusiness the Focus of EU-Africa Business Forum

The sixth EU-Africa Business Forum took place in Abidjan, Côte d'Ivoire on Monday. "Investing in Job Creation for Youth", was the focal topic at the occasion this year. African Development Bank Group President Akinwumi Adesina took part at the event and spoke extensively at a high level forum at the occasion. He called for a new thinking while dealing with the youth of the African.... Read more »

Posted on : Wednesday , 29th November 2017

Tallest building in Africa - Construction work begins

Work has commenced on the construction of Africa’s tallest building in Kenya. His Excellency; the President of Kenya laid the foundation stone to this landmark project recently. The twin tower development dubbed Pinnacle Towers will have 70-floors with mixed-use purpose, and will be located in Nairobi’s Upperhill area. With cost of US$ 194m for it to be complete, the building will have the highest viewing deck in.... Read more »

Posted on : Wednesday , 29th November 2017

Private Sector Owned Medical Facilities to Attract More Medical Tourism

Private sector owned medical facilities are depending on new advanced medical technologies and the offer of specific client focused services to draw in customers from neighboring countries with the hope of boosting medical tourism. A large portion of these medical facilities are based out of Nairobi. However another private facility has been opened in Mombasa which will cater to local as well as foreign clientele looking for.... Read more »

Posted on : Wednesday , 18th April 2018

Siemens in Africa have invested R5.5m in industrial automation

Siemens announced that they invested R5.5 million in industrial automation equipment for higher learning institutions in South Africa, Nigeria, Tanzania, Ghana and Kenya. CEO of Siemens Southern and Eastern Africa, Sabine Dall'Omo said in a statement that the company's latest investment intends to aid the development of locally engineered solutions. "In an African context, disruptive technology can be seen as an opportunity to leapfrog.... Read more »

Posted on : Monday , 27th November 2017

Kenya- Nairobi County to Build Centralized Oil Tankers Parking

The Nairobi County government is committed to constructing a centralized tanker parking and marshaling yard in the city, aimed at ensuring safety in handling of petroleum products. This is under the Legal Notice No.9 of 2011, which gazettes the aforementioned area as a Protected Area. The county government will bring the Kenya Railway on board, to cede ground for land in the vicinity of the construction of the project.... Read more »

Posted on : Friday , 24th November 2017

Tanzania Reach Gas Deal With Dangote

Dangote cement and Tanzania have come to an agreement on the supply of natural gas to the firm’s manufacturing plant in Tanzania after negotiations stalled over prices. The 500 million dollars cement factory which is located in Mtwara was set up last year with an annual capacity of three million tonnes, runs on expensive diesel-generators and has sought government-support to reduce costs. The plant was shut down.... Read more »

Posted on : Thursday , 23rd November 2017

Kenya- Cheaper Night Power Tariff To Be Introduced In December

Next month Kenya will cut tariffs for power by up to a third for manufacturers and large businesses that shift their operations to late night hours. The Energy Regulatory Commission (ERC) said on December 1 discounted tariffs will be offered for industrial and commercial power users who operate from 11 pm to 5 am, a window within which demand is low. The energy charge billed by Kenya Power for commercial consumers metered.... Read more »

Posted on : Thursday , 23rd November 2017

Solar Startups Bring Light To Remote Kenyan Villages

Some 1.3 billion people around the globe don’t have access to an electric grid. But solar startup companies say harnessing an abundant resource -- the sun -- can light up some of the world’s most remote areas. In this Kenyan village, rooftop panels are becoming a cheap and promising source of light. A young fellow from a small village in Kenya, Mulili used to pay about a $1.50 a day for kerosene, a fuel still.... Read more »

Posted on : Thursday , 23rd November 2017

Kenya beginning construction of the largest dam in East Africa

Kenya is on it's way to construct the the largest dam in East Africa. Thwake dam will be constructed in the Eastern part of the country. On 15th Nov 2017, the government signed a Ksh.36.9 billion contract with Chinese contractor China Gezhouba Construction Group Corporation, paving way for work to start. As a part of the Vision 2030 initiative, this project is jointly funded by the Kenyan government and the African Development Bank and will.... Read more »

Posted on : Wednesday , 29th November 2017

Mobius Motors to launch a new Robust SUV in the African market

The Kenyan car manufacturer, Mobius Motors, is looking to present an affordable but powerful and classy SUV for the African market. The Mobius II is set to be on the road by next year. Orders are being accepted by the company. This model is aiming to be an upgrade of the inaugural car released in 2014. Will it pave the way for a new homegrown car industry? Mobius Motors was founded in 2009 by British entrepreneur Joel.... Read more »

Posted on : Monday , 20th November 2017

Exploration a priority for building Kenyan mining sector, the results are rewarding

World Bank ranked Kenya among the top 3 most improved economy in terms of ease of doing business in 2016, however in the same year according to Fraser Institute global survey report the country also improved 16 places in terms of being a global mining destination “Kenya is the gateway connecting east and central Africa, we offer cost effective and reliable power, world-class infrastructure (railways,.... Read more »

Posted on : Friday , 23rd February 2018

Jobs growth in Kwale County as Kenya�s largest mining project powers strong

The socio-economic status of residents in Kwale has transformed in less than five years since Kenya’s largest mining project was initiated, says the Vision 2030 Delivery Board. The Kwale Project-run by Base Titanium Limited of Australia has so far created a total of 3,400 jobs. Out of 3400 jobs 96% of the jobs are held Kenyan locals. And for every direct job created at the mine, 4.3 jobs are getting supported in the wider.... Read more »

Posted on : Friday , 17th November 2017