N e w s

Ultra Modern Stadium Planned in Kenya

 Government in conjunction with Netherlands firm set to put up ultra modern stadia in three counties A team of stadium experts from Netherlands and Kenya, yesterday visited the site where the High Altitude ultra-modern stadium is set to be built in Eldoret. The project is part of the Jubilee government's pledge to construct the five high altitude stadiums in different parts of the country. Sports Kenya, The Stadium Consultancy (TSC) of.... Read more »

Posted on : Saturday , 24th January 2015

Green Energy Development in Kenya, Says Ruto

 Davos — The Government plans to provide electricity to at least 70 percent of Kenyans in the next three years, Deputy President William Ruto has said. Speaking in Davos, Switzerland, Ruto said the government had engaged in the ambitious project including infrastructural development so as to spur economic growth. He said Kenya wanted to create the environment that will attract investment to the country and create.... Read more »

Posted on : Monday , 26th September 2016

Timely Completion of Power Projects Promised by Tanesco Power Board

The newly appointed Tanzania Electric Supply Company (Tanesco) Board of Directors has pledged to fully support the country's power development projects and facilitate their early completion to tackle the existing electricity problems. The Chairman of the Board, Dr Mighanda Manyahi, made the remarks in Dar es Salaam during the newly appointed Tanesco Board of Directors' visit to six power plants in the city.   Dr Manyahi pointed out that.... Read more »

Posted on : Saturday , 24th January 2015

Kilwa Residents Gain Sh361 Million From Timber Exports

Commodities in Kilwa District have earned 200,000 US dollars (361.5m/-) from timber exports to Europe in the past ten years. In a statement, Mpingo Conservation and Development Initiative (MCDI) said nine communities set aside 100,000 hectares of village natural forests with sustainable harvesting for exports. "MCDI also supported seven communities in the nearby Liwale and Tunduru Districts to reserve 80,000 hectares of forest in.... Read more »

Posted on : Saturday , 24th January 2015

Crop Export to rise in Kenya

 Farmers' groups have been urged to export their produce to other African countries.   Launching the Nyamarura Farmers' Self-Help Group, Egerton University's Adijah Olubandwa said the groups should stop relying on domestic markets.   Olubandwa was speaking at Charagita, Nyandarua West sub-county, on Wednesday.   "Our students are highly qualified in agriculture and community development and can help the groups.... Read more »

Posted on : Saturday , 24th January 2015

Boost in Kenya's mining revenue

 Kenya's mining revenues stood at Sh600 million in the first half of the 2014/2015 financial year, boosted by royalties from increased mineral exploration, Cabinet Secretary Najib Balala said yesterday.   "We are hopeful that the Sh1.2 billion target for the current year will be achieved by end of this financial year," Balala said.   According to the Economic Survey 2104, the total value of mineral output declined by.... Read more »

Posted on : Saturday , 24th January 2015

Solar to grab bigger slice of Kenya's clean energy pie

  NAIROBI (Thomson Reuters Foundation) - Kenya is moving to boost its solar energy capacity, with a new plant now under construction aiming to start producing electricity for the national grid by January 2016. This heralds a shift in the balance of the country's efforts to embrace renewable energy, which have so far focused on hydropower, geothermal and a small amount of wind. Independent power producer Greenmillenia Energy Limited .... Read more »

Posted on : Friday , 23rd January 2015

Norwegian company to invest Shs250m in Kenya

 Norwegian paint maker, Jotun, has announced a Shs250million investment in Kenya as it strives to increase its market presence and grow its business in the country and East Africa region. The funds are already being invested in setting up regional offices in Nairobi, a warehouse and recruiting and development of its workforce. The paint makers is also currently employing staff in sales, marketing, financial control and supply chain. The.... Read more »

Posted on : Friday , 23rd January 2015

China to boost investment through 'industrialisation partnership’ in Kenya

 China and Kenya have agreed to extend their ‘industrialisation partnership’ with a new focus on technology transfer and more Chinese involvement in infrastructure development.21 Jan 2015 The agreement came as China’s foreign minister Wang Yi visited Kenya’s capital Nairobi as part of a tour of African nations aimed at bolstering commercial ties with the region. A statement released by the office of Kenyan.... Read more »

Posted on : Friday , 23rd January 2015

Why and How Trade and Investment Can Transform Kenya

Today Kenya is ranked as a middle income country with a Gross Domestic Product in excess of US$50 billion becoming the fourth largest economy in Sub-Saharan Africa behind Nigeria, South Africa and Angola. These three countries have massive natural resources. Kenya is joining this league with several oil and natural gas drills yielding fruits. Kenya is on the global map as a favourable investment destination in Africa.   The just concluded.... Read more »

Posted on : Friday , 23rd January 2015

Chinese firm lands major mining deal

Project in Uganda also involves steel production, plants making fertiliser and acid, a power plant and more   A mining development deal in Uganda, one of the largest foreign-invested projects in the East African country that incorporates mining, fertilizer manufacturing, steel production and a melting plant, will generate annual net profit of $81 million, says the Guangzhou Dongsong Energy Group Co.   The company signed the mining.... Read more »

Posted on : Friday , 23rd January 2015

Kenya's raw sugar production expected to rebound in 2015

Kenya’s raw sugar production is expected to rise 4% to 617,039 tonnes in 2015, buoyed by extra factory capacity and improved supply of cane, the industry regulator said on Wednesday.   East Africa's biggest economy has an annual sugar deficit of around 200 000 tonnes, which is usually filled by imports from other producers in the region. The country is struggling to improve output due to relatively high production costs and.... Read more »

Posted on : Friday , 23rd January 2015



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