Market News Page No. 177| Africa Business News | Afrotrade

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Kenya: India Medical Centre Invests Sh650 Million in Nairobi Cancer Hospital

HCG India has launched the first private comprehensive cancer care center in Kenya in a partnership with Cancer Care Kenya and MP Shah Hospital. HCG will invest Sh650 million out of which 77.54 percent is contributed by its Kenyan subsidiary HCG Kenya, while MP Shah Hospital will chip in 10 percent of the total investment. Private shareholders will share the remaining 12.46 percent. HCG India Chairman and CEO Dr..... Read more »

Posted on : Friday , 11th August 2017

Turning kenya into global medical hub

The world watches in bewilderment as the US Senate fumbles all its attempts to revise the American healthcare system and erase former President Obama’s legislative legacy. Make no mistake about it, American healthcare exists in a state of chaos. Where can one go for the best specialist care in the world? Where can one also see the some of the largest proportions of formal sector wage earners still unable to afford any.... Read more »

Posted on : Friday , 11th August 2017

Kenyan schoolgirls create female health app for Google

Stacy Owino, Cynthia Otieno, Purity Achieng, Mascrine Atieno and Ivy Akinyi are students at Kisumu Girls High School, in Kisumu, Kenya. They belong to the school’s science and technology club, and focus on developments that help their community, in particular women and young girls. They call themselves the Restorers, dedicated to “restoring hope for hopeless girls”. The five have designed and developed an.... Read more »

Posted on : Friday , 11th August 2017

Berthoud area resident brings medical knowledge to Kenya

Berthoud area resident Susan Puckett wants to return to Kenya after a whirlwind trip of helping schoolchildren and adults with their medical care Puckett’s volunteer work as a physician’s assistant is part of a one-time opportunity for Americans and Canadians to travel to Kenya and India through We Charities, a worldwide charity and youth empowerment movement based in Toronto, Canada. Puckett and another 19.... Read more »

Posted on : Friday , 11th August 2017

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

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