N e w s

'Agrocorridors' to boost food security

Farming projects along lines of transportation are being promoted as opportunities to attract investment and increase food security.   At a recent event in Nairobi, early-stage venture backer Village Capital brought to a close its programme by inviting a number of startups in the agribusiness space to present their solutions for assisting smallholder farmers.   This saw the likes of Ghana’s Farmerline, which expands access to.... Read more »

Posted on : Monday , 14th September 2015

Toyota's drive to expand in Africa

Car manufacturer Toyota is well known, but Toyota Tshusho less so. We spoke to the trading subsidiary to find out more about its African operations.   Toyota Tsusho, established in 1948, is the sole general trading company within the Toyota Group. It has some 53,000 employees and its global network encompasses Japan, approximately 90 other countries and over 950 consolidated companies.   Since its foundation, we have been involved.... Read more »

Posted on : Monday , 14th September 2015

Kenya-South Sudan road construction gets funding from World Bank

 The World Bank has released US$512m for the construction of the Kenya-South Sudan road and also for the laying of the fibre optic cable which will eventually enhance trade between the two countries.   South Sudan’s ICT minister Rebecca Joshua Okwaci and her Kenyan counterpart Fred Matiang’i signed a memorandum of understanding in January this year, paving way for commissioning of the project.   “The entire.... Read more »

Posted on : Friday , 11th September 2015

Garden City to build a hotel in Phase II

 Garden City one of East Africa’s largest mall has announced the construction of a new business park that will host a four star hotel.   The park will be developed on an additional 21 acres of land adjacent to the original 32 acre site that already hosts apartments and retail centres.   Michael Turner, Head of Actis Nairobi said that the new construction will also accommodate a hospital, green spaces and a pedestrian.... Read more »

Posted on : Friday , 11th September 2015

Kenya signs China nuclear power deal

 Kenya has signed a deal with China as part of the east African nation's plans to have a nuclear power station by 2025, the Kenya Nuclear Electricity Board (KNEB) said Thursday.   Kenya plans to set up its a first nuclear power plant with a capacity of 1000 MW by 2025, the board said, with ambitions to boost that to 4000 MW by 2033, and to make nuclear electricity "a key component of the country's energy".... Read more »

Posted on : Friday , 11th September 2015

Zimbabwe licenses US$250mn of solar power projects

Five solar power projects, valued at a total of US$250mn, have been licensed by the Zimbabwe Energy Regulatory Authority (ZERA). The five solar power projects are expected to generate about 160MW of power together. Taken together, the five projects are expected to produce 160MW of power. According to ZERA CEO, Gloria Magombo, the licensed projects are at different stages in the project development cycle. “Some of the projects are at.... Read more »

Posted on : Friday , 11th September 2015

Africa: Metallon Acquires New Equipment for Effective Industrialization

 Metallon Corporation has acquired new equipment for its subsidiary, Arcturus mine in a move expected to turn around operations at the mine, a company official said. Metallon recently announced its intention to spend over $20 million on new projects this current financial year to increase production volumes as gold prices remain unpredictable on the global market.   Metallon chief executive Mr Kenneth Mekani highlighted the company's.... Read more »

Posted on : Friday , 11th September 2015

Solar-thermal plant launched in Uganda

One of the largest solar-thermal electricity producing plants in East Africa has been inaugurated in Uganda on Kalangala Island in Lake Victoria, as the region sets the pace in electricity generation investments.   The solar thermal plant, with full capacity at 1.6 MW, benefitting over 20,000 customers, is the largest in East Africa and has been constructed at a total cost of $17 million covering transmission and distribution.... Read more »

Posted on : Friday , 11th September 2015

Ethiopia-Djibouti railway line to start operations early 2016

The Ethiopia-Djibouti railway line is expected to begin operations early next year, according to project officials railways Ethiopia is developing its transport sector in a bid to provide a boost to its economy.    The US$4bn project, which is being helmed by the China Railway Engineering Corporation and China Civil Engineering Construction, will be considerably completed by October 2015, said Ethiopian Railways Corporatin chief.... Read more »

Posted on : Friday , 11th September 2015

Libya Oil to Expand Its Investment in East Africa

 Libya Oil Ethiopia Limited, a subsidiary company of the Libya Oil Holdings Ltd, is to expand its investment and business in Ethiopia.   Two weeks ago the corporate management of Libya Oil Holdings held a week long meeting at Hilton Addis Ababa. The senior management team members came from the headquarters of the company, which is based in Dubai, UAE. Eighteen country managers from different African countries attended the high-level.... Read more »

Posted on : Friday , 11th September 2015

WORLD BANK GRANTS SH 54 BILLION FOR KENYA-S.SUDAN FIBRE OPTIC AND SUPERHIGHWAY PROJECT

The World Bank has released over Sh54 billion to fund the laying of fibre optic cable and construction of a superhighway connecting Kenya and South Sudan.   The project, which runs concurrently in the two countries, was commissioned Wednesday following the release of the funds.   The fibre optic cable will be placed along the Lokichar – Nedapal road as the road is constructed.   South Sudan’s ICT minister Rebecca.... Read more »

Posted on : Friday , 11th September 2015

African and Italian Constuction Companies collaborate to lauch new company

 Dangote Industries Limited has entered a multimillion joint venture agreement with Italy’s Saipem to establish a new company called Saipem-Dangote E&C   The new company aims to secure complex engineering and construction (E&C) projects in the Nigerian, Central and West African markets, said Dangote Group executive director Devakumar Edwin. The new venture will implement projects with the highest levels of efficiency.... Read more »

Posted on : Friday , 11th September 2015



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