Market News Page No. 466| Africa Business News | Afrotrade

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Developing nations need Sh13 trillion geothermal investment by 2030

Kenya and Turkey have exceeded forecasts for harnessing geothermal energy, but other developing countries, including Indonesia and the Philippines, are lagging behind on leveraging the renewable power source, a new analysis shows. If developing nations are to carry out the planned expansion of geothermal energy capacity, $133 billion (Sh13.7 trillion) needs to be invested in the sector by 2030, the Climate Policy Initiative (CPI).... Read more »

Posted on : Friday , 28th August 2015

Kenya: World Bank study says cheap sugar way to go

If the country is to import cheap sugar, it would lift some 40,000 families from absolute poverty because it would reduce their spending. The policy paper ‘Competition in Kenyan Markets and Its Impact on Income and Poverty: A Case Study on Sugar and Maize’ was published in January by the bank’s Trade and Competitiveness Global Practice Group. Jonathan Argent and Tania Begazo argue that sugar is so dear.... Read more »

Posted on : Friday , 28th August 2015

Despite China Slow Down, Expected Marked Increase In E.Africa Trade, Shipping Volumes

China’s trade will continue to increase by more than 5 percent per year between 2015 and 2020 despite recent setbacks caused by its marked economic slowdown, the World Trade Service of IHS Maritime & Trade forecasts. One new trend is the move towards larger container ships to streamline the supply chain. Trade routes from China to Africa are expected to see a marked increase over the next five years, with the.... Read more »

Posted on : Friday , 28th August 2015

Kenya Starts Talks With Uganda on Financing for Oil Pipeline

Kenya started talks with neighboring Uganda on the financing and construction of an oil pipeline that will link the two countries and ferry crude produced by companies including Tullow Oil Plc, the Kenyan Energy Ministry said. Discussions that also looked at project time frames and involved officials from both East African countries began this week, Joseph Njoroge, the ministry’s principal secretary, said in a phone interview from.... Read more »

Posted on : Friday , 28th August 2015

Germany to support renewable energy sector in Tunisia

Germany has announced support for the renewable energy sector in Tunisia applauding the country for adopting the green energy. According to German’s Parliamentary State Secretary to the German Federal Minister for Economic Co-operation and Development Thomas Silberhorn during his visit to Tunisia German is currently focusing in cooperating with African countries to improve renewable energy sector. He added that.... Read more »

Posted on : Friday , 28th August 2015

Construction of Standard Gauge Railway in Kenya almost complete

The Standard Gauge Railway in Kenya which is being constructed by China Road and Bridge Corporation is almost complete; this is according to the external manager Julius Ling. Mr. Ling said that the Standard Gauge railway in Kenmya is 50 per cent complete and the first locomotive to use the railway between Mombasa and Nairobi is expected at the Port of Mombasa in November this year. Currently, 48 per cent of the bridges.... Read more »

Posted on : Friday , 28th August 2015

Nuclear power plants in Kenya to be constructed

Plans to construct nuclear power plants in Kenya are expected to see the country shift from geothermal and hydropower to nuclear power so as to ensure future security and growth; this is according to the Ministry of Energy. Energy Principal Secretary Joseph Njoroge confirmed the reports and said that the government will set up a series of nuclear power plants in Kenya, each with a capacity to generate 1,000 MW from 2023 to meet.... Read more »

Posted on : Friday , 28th August 2015

Constructed Gilgel Gibe III dam to generate more power for Africa

The construction of the Gilgel Gibe III hydro-electric dam in Ethiopia which is almost fully operational will bring an additional 1870MW to the national grid. The US$ 1.8bn Gilgel Gibe III construction project which is the largest hydro-power plant in Ethiopia and one the biggest in Africa will be an asset to the country as it will have the capability of storing up to 11.8 billion cubic metres of water that can be released.... Read more »

Posted on : Thursday , 27th August 2015

Germany funds Infrastucture construction in Tanzania

The Federal Republic of Germany is planning to help Tanzania to construct the Southern Serengeti bypass Road. President Jakaya Kikwete renewed his support for Serengeti bybass road through the northern portion of the park to link Mto wa Mbu, southeast of Ngorongoro Crater, and Musoma on Lake Victoria In July 2010. The African Network for Animal Welfare had sued the Tanzanian government in December 2010 at the East African.... Read more »

Posted on : Thursday , 27th August 2015

Construction of buildings to be completed within five years

Property developers and individuals building homes will have to complete construction within five years or face penalties under a new law proposed by the government. The Physical Planning Bill, 2015 say the five-year period will start once an investor is issued with a development permit. This will be a blow to those who prefer to build in stages and will also affect those who suspend construction after running out of.... Read more »

Posted on : Thursday , 27th August 2015

Kuwait invest in the infrastucture development in Tanzania

Tanzanian president Jakaya Kikwete has opened a ‘key road in Tanzania whose construction was sponsored by Kuwait government’s Fund for Arab Economic Development. During the opening ceremony of marking the main road in Tanzania Mr. Jakaya Mrisho Kikwete expressed his gratitude to Kuwait for road infrastructure support. Kikwete took a lot of time to give thanks to Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah his.... Read more »

Posted on : Wednesday , 26th August 2015

KTDA boosts construction of hydro power plants in Kenya

Kenya Tea Development Agency (KTDA) has announced that it was constructing four hydro power plants in Kenya at a total cost of US$ 46m. Kenya Tea Development Agency chief executive officer, Mr. Lerionka Tiampati confirmed the news about plans to hydro power plants in Kenya and said that the company is keen on ensuring that its factories in tea growing regions have access to alternative energy to help cut operation.... Read more »

Posted on : Wednesday , 26th August 2015

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