N e w s

Rapid Expansion of the Automotive Sector in Kenya

 Kenya, the economic, commercial, and logistical hub of the entire East African region and the most developed economy in Eastern Africa, is growing rapidly. The economy grew by 5.3% in the year 2012 and is projected to reach 10% growth by 2017 as the government takes steps to enhance Kenya’s economic competitiveness. The Automotive industry in Kenya is primarily involved in the retail and distribution of motor vehicles.   There.... Read more »

Posted on : Saturday , 24th October 2015

Railway investments in Egypt Set to hit US$11Billion by 2030

Railway investments in Egypt are set to hit US$11 Billion by 2030 chairman of Egypt’s National Railway Authority Ahmed Hamid  has announced. He noted enormous growth of the railway system in the country. He added that the general investment plan of the authority is represented in three axes: the most important one is the urgent plan, with an estimated value of EGP7.17bn, followed by the medium plan estimated at roughly EGP14.413bn.... Read more »

Posted on : Saturday , 24th October 2015

BASF Construction launches concrete admixtures production plant in Africa

 Germany based construction product manufacturer  BASF Construction Chemicals has launched its new concrete admixtures production plant in Nigeria.   The plant is expected to respond to the ever growing demand for concrete admixtures products.   Speaking during a press briefing, Nair Narayanan who is the country Manager for BASF Construction Chemicals, Chemicals said that the construction of concrete admixtures production.... Read more »

Posted on : Saturday , 24th October 2015

Getting set for construction of Nuclear Power Plants in Africa

 Preparation for construction of  Nuclear Power Plants in South Africa has begun in earnest after the department of energy received US $14.80m from the National Treasury for feasibility study putting into consideration the cost, benefits and risks involved.   This allocation comes a year after South Africa faith communities’ Environment Institute (SAFCEI) marked its first anniversary of protest against nuclear plans due to.... Read more »

Posted on : Saturday , 24th October 2015

TANZANIA FARM-OUT ENABLES SWALA ENERGY REPAY LOAN ACQUIRED IN DECEMBER

Swala Energy Limited has said it has agreed with Magna Equities II LLC the provider of an interim financing mechanism entered into by way of provision of Convertible Notes in December 2014. Under the agreement Swala Energy says it shall undertake to redeem all of the outstanding 452,381 Convertible Notes currently held by Magna at a cost of US $598,500. According to the Australian explorer’s CEO Dr. David Mestres Ridge the Company.... Read more »

Posted on : Friday , 23rd October 2015

Uganda: NSSF Reveals Plan to Invest in Infrastructure, Awards Firms

Kampala — National Social Security Fund (NSSF) will invest in public infrastructure and small and medium enterprises, managing director Richard Byarugaba has revealed.   Speaking at the annual members meeting in Kampala yesterday, Mr Byarugaba told members that the development is included in a 10-year strategic plan to diversify the savings in the fund.   Currently at Shs5.8 trillion worth of investments, the fund wants to.... Read more »

Posted on : Friday , 23rd October 2015

Gulu Hospital to get cancer institute

The fully fledged institute will be located on the land where the Central Police Station is currently situated.   Dr. Nathan Onyach the Gulu Regional Referral Hospital Director told Radio Rupiny that by early next year the police station will have been relocated near Gulu Main Prison to pave way for the cancer institute’s construction.   Francis Okongo the cancer registrar at St. Mary’s Lacor Hospital says in 2013-14,.... Read more »

Posted on : Friday , 23rd October 2015

UWA acquires road equipment worth over $1m

The African Wildlife Foundation (AWF), through support from Usaid/Uganda Tourism for Biodiversity Programme (T4B), has donated road construction equipment worth $ 1,333,823(about sh4.8b) to Uganda Wildlife Authority (UWA).   The equipment, which was handed over by T4B chief of Party, Kaddu Sebunya, to UWA’s Executive Director, Dr Andrew Sseguya, include a grader, a bulldozer, an excavator, a vibro roller, 2 tippers and 1 low bed.... Read more »

Posted on : Friday , 23rd October 2015

Tanzania, FAO to jointly boost agriculture

The United Nations Food and Agriculture Organisation (FAO) in Tanzania has said it was ready to work with the government in implementing appropriate social protection policies that will help in increasing the agriculture productivity in the country.   FAO’s commitment was announced in Bariadi Township, Simiyu Region, at the weekend as Tanzania joined the rest of the world in marking 35th Anniversary of the World Food Day (WFD) and.... Read more »

Posted on : Friday , 23rd October 2015

Dodoma University to generate solar energy

President Jakaya Kikwete officially launched a project that will position the University of Dodoma (UDOM) as one of Africa’s leading colleges in renewable energy and sustainability.   The centerpiece of the project will be construction of the largest solar farm ever built on college campus anywhere in the world, totaling 55MW of solar generation. The first phase of that project will provide solar power to UDOM campus, including.... Read more »

Posted on : Friday , 23rd October 2015

Centum Investment Company - Building Value in Kenya: Ryan Hoover, Investment Analyst, Africa Capital Group

The Nairobi Securities Exchange’s main index has lost 31.7% in U.S. dollar terms since the start of the year in response to security concerns, China’s slowing growth, and a brief experiment with a 5% capital gains tax. The drop makes for a compelling opportunity to purchase shares of the country’s largest investment holding firm. Prime assets With a basket of profitable private equity investments and a remarkably.... Read more »

Posted on : Friday , 23rd October 2015

South Africa's Mediclinic to buy UAE's Al Noor Hospitals for $2.2B

South Africa‘s Mediclinic Intl has agreed to buy United Arab Emirates’ Al Noor Hospitals Group for around 1.4 billion pounds ($2.2 billion), gaining the upper hand on rival NMC Health in a tussle for expansion in the fast growing Gulf region. The deal will double the South African group’s presence in the UAE, further diversifying out of its slow growing home market after a Swiss acquisition in 2007 and the stake it bought in.... Read more »

Posted on : Friday , 23rd October 2015



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