N e w s

Sh2bn to help boost power supply system

 Kenya Power has secured $25 million (Sh2.25 billion) funding from the Africa Finance Corporation.The money is part of a $150 million syndicated loan that the company is seeking to fund rehabilitation of its network ahead of absorption of extra 5,000 megawatts of power that are to be generated from the government’s plan to scale up power production by the end of next year. The terms of the loan remain undisclosed but according to a.... Read more »

Posted on : Thursday , 15th January 2015

Centum to raise Sh39bn for Lamu coal power plant

 Investment firm Centum is set to raise at least Sh39 billion as its share for the $1.8 billion (Sh163 billion) Lamu Coal power plant which it is building in a joint consortium.Centum and Gulf Energy, another Kenyan firm, form part of a consortium that won the tender to build the 960 megawatt (MW) power plant. Chinese multinationals Sichuan Electric Power Design and Consulting Company Limited, Sichuan Power Construction Company and China.... Read more »

Posted on : Thursday , 15th January 2015

Brookside to recruit 10,000 farmers on doubled processing capacity

 Milk processor Brookside Dairy is targeting to recruit at least 10,000 new farmers in a bid to raise supply of the product following an expansion that doubled its uptake capacity.The milk firm has just concluded a multi-billion shilling expansion that increased its processing capacity.   “The factory expansion included installation of a powder milk processing line which doubled the company’s daily raw milk intake.... Read more »

Posted on : Thursday , 15th January 2015

Keroche pumps Sh4 billion into factory expansion and brand diversity

 Keroche Breweries has invested Sh4 billion to expand its Naivasha plant. Company chief executive Tabitha Karanja said the brewer will also be increasing its range of products. “Keroche is embracing advanced brewing technology to ensure Kenyans and the region get sufficient supply of high-quality bear,” she said. Mrs Karanja spoke in Nakuru yesterday during a marketing tour.She said Keroche is putting up a modern plant which.... Read more »

Posted on : Thursday , 15th January 2015

KNH receives four dialysis machines from Egypt

 The Kenyatta National Hospital has received dialysis machines from the Egyptian government. Making the donation Monday, Egypt Foreign Affairs Minister Sameh Shouky revealed that his country will sponsor training for 50 health professionals on cancers affecting children.   In addition, the minister said 10 children suffering from cancer will be air-lifted to Egypt for specialised treatment. Though he did not give dates when the.... Read more »

Posted on : Thursday , 15th January 2015

Pumwani Maternity set for Sh1.2bn upgrade

The Pumwani Maternity Hospital is set to get 250 extra beds and a neo-natal intensive care unit in a planned Sh1.2 billion upgrade by the Nairobi County government.   The upgrade will also include six theatres, a digital centre, a laboratory, a diagnostic centre, an ICT lab and an improved school of midwifery – all to be housed in a new six-storey block.   Health chief officer Robert Ayisi said in an interview on Tuesday.... Read more »

Posted on : Thursday , 15th January 2015

Sh10bn leather hub set to be built in Athi River

A Sh10 billion leather hub will be built at Kenania, Athi River, from next month in a quest to revive the tanning industry and make Kenya a big exporter of shoes, bags and other products.   Industrialisation secretary Adan Mohamed said that 500 acres of land had been identified for tanneries, a training centre, manufacturing facilities and a waste treatment plant.   The government will provide land and infrastructure while.... Read more »

Posted on : Thursday , 15th January 2015

New car sales hit record high on rising demand

 Rising demand for luxury cars and increased orders for commercial vehicles pushed new motor vehicles sales to a record high last year, reflecting wealthy Kenyans’ growing penchant for high-end goods and vibrant economic activity.   Data from the Kenya Motor Industry Association (KMI) shows that new vehicle dealers sold 17,499 units in 2014, marking a new high since the liberalisation of the local motor trade in the 1990s that.... Read more »

Posted on : Thursday , 15th January 2015

East Africa:Moving towards Industrialization through trade & investment

 Today's Africa is one of the most sophisticated, diverse and promising emerging markets globally. Africa is a key investment location, both for the market opportunities that lie within its borders and as a gateway to the rest of the continent, a market of about1- billion people. East Africa is the economic powerhouse of Africa and forms part of the BRICS group of countries with Brazil, Russia, India and China. It has a favourable.... Read more »

Posted on : Wednesday , 14th January 2015

Africa, China strengthen trade ties

 Africa and China signed new strategic agreements after a meeting between President Jacob Zuma and his Chinese counterpart Xi Jinping in Beijing on Thursday, the Presidency said in a statement on Thursday. The agreements aim to strengthen bilateral relations, trade co-operation and create sustainable investment opportunities between the two countries. Zuma arrived in Beijing on Wednesday for a short state visit to China at Xi's.... Read more »

Posted on : Wednesday , 14th January 2015

Boost investment in Africa's manufacturing Industry

 South Africa has approved guidelines for the new Medium and Heavy Commercial Vehicles-Automotive Investment Scheme (MHCV-AIS), expected to stimulate investment in the production of vehicles. The MHCV-AIS is a sub-component of the Automotive Investment Scheme, an incentive administered by the Department of Trade and Industry designed to grow and develop the automotive sector in South Africa. "The broadening of the scope of the AIS to.... Read more »

Posted on : Wednesday , 14th January 2015

Most developing countries will benefit from oil price slump – World Bank

 Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth, says a World Bank Group analysis of the oil price decline, contained in the latest edition of Global Economic Prospects.   The decline in oil prices reflects a confluence of factors, including several years of upward surprises in oil supply and downward surprises in demand, receding geopolitical risks in some areas.... Read more »

Posted on : Wednesday , 14th January 2015



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