N e w s

Will Africa’s Biggest Wind Farm Transform Kenya’s Growth?

Kenya has stepped up its efforts to transform 40,000 acres of land into a wind farm, in a bid to meet growing demand for electricity. The 300 MW Lake Turkana Wind Power Project, which is being developed in the country’s North-East, hopes to produce 20% of the country’s current installed electricity generating capacity when it comes online in 2016. The $694 million project achieved full financial close in December 2014, making.... Read more »

Posted on : Friday , 30th January 2015

East Africa: Manufacturing Company expands to new product line

 SKOL Brewery yesterday launched a new production line that will enable it more than double its capacity to 200,000 hectolitres annually, up from 80,000 hectolitres presently, reports Ben Gasore. The company, a subsidiary of Belgium-based Unibra, currently commands about 14 per cent of the market share, according to Ivan Wulffaert, the general manager. Speaking during the inauguration of the factory at Kanyinya Sector in Nyarugenge.... Read more »

Posted on : Friday , 30th January 2015

Tanzania Industralization leading to development

 The performance of the Tanzanian economy has remained strong, recording growth of 6.9% in 2012, driven by a high uptick in manufacturing, agriculture, trade, transport, communications and financial intermediation. Growth was boosted by good weather and a timely supply of subsidized inputs, which supported agricultural production and the normalization of power generation, which in turn buoyed industrial production. Preliminary estimates.... Read more »

Posted on : Friday , 30th January 2015

Nampower to start building gas-fired plant

  The 250-megawatt project will be commissioned in the following 18 months, Managing Director Paulinus Shilamba said Friday in a telephone interview. The plant, to be located in Namibia’s coastal Erongo region, will use fuel sourced from a U.S.-based gas trader, he said.   “Various fuel options were investigated prior to initiation of the procurement process,” Shilamba said. “Gas and heavy-fuel oils were found.... Read more »

Posted on : Friday , 30th January 2015

Nigeria Has Capacity to Refine One MBPD of Crude Oil By 2017

 "If all these are added together we will have about one million barrels per day refining capacity, I also presumed that NNPC is planning to upgrade its refineries by increasing the capacity and modernising the technologies, they have the potential of doubling the capacity from 445,000bpd to 900,000bpd," he said.   Soyode said making the refineries competitive is the only way for NNPC to achieve its improvement target on.... Read more »

Posted on : Friday , 30th January 2015

Total completes gas pipeline section leading to Alaoji power plant

Total exploration and production (E&P) has announced that it has completed work on a section of its Northern Option Pipeline (NOPL), from Kilometre (Km) 38 at Obigbo to Km 50 at Imo River,  and is now set to convey gas to the National Integrated Power Plant (NIPP) at Alaoji along the Imo River in Abia state,Leadership reports. The managing director of Total E&P Nigeria, Elisabeth Proust, commenting on the development, stated that.... Read more »

Posted on : Friday , 30th January 2015

The increasing role of banks in agribusiness

 This is the case not only domestically but also within the region and across the continent.   “Africa now earns an average of 24 per cent of its annual growth from its farmers and their crops. If matched with more electricity and irrigation, smart business and trade policies and a dynamic private agribusiness sector that works side by side with government to link farmers with consumers in an increasingly urbanized Africa, the.... Read more »

Posted on : Friday , 30th January 2015

Kellogg’s to Break into Kenya’s Food Market This Year

As part of its emerging markets strategy, American multinational food manufacturing company, Kellogg’s, is spreading its business to East Africa, starting with Kenya, the region’s largest economy. Last year, the New York Stock Exchange-listed firm appointed the former managing director of East African Breweries (EABL), Gerald Mahinda, as the head of operations in the region. Rumored to explore possible partnership opportunities.... Read more »

Posted on : Friday , 30th January 2015

East Africa’s First Utility-Scale Solar Field BoostsDevelopment

 Rwanda’s Minister of Infrastructure, James Musoni, and the Chief of Staff of the U.S. Government’s Overseas Private Investment Corporation (OPIC), John Morton, will lead the ribbon-cutting on Thursday, February 5, at 12:30pm of the 8.5 Megawatt solar field at the Agahozo-Shalom Youth Village, and will be joined by international representatives of the partners that developed the landmark $23.7 million project.   The.... Read more »

Posted on : Friday , 30th January 2015

Africa Sees Growth in Agriculture

 On the 10th Anniversary of the adoption of the Comprehensive Africa Agriculture Development Programme (CAADP), African Union declared the year 2014 to be the Year of Agriculture and Food Security in Africa. There is much to celebrate; agricultural production in Africa has increased steadily over the last 30 years: its value has almost tripled showing an increase that clearly exceeds the growth rate of global agricultural production over.... Read more »

Posted on : Friday , 30th January 2015

Kenya Industrial & Trade Developments and Prospects

 Real GDP grew by an annual average of 3.7% over the 2008-12 period, with agriculture growing by only 0.6% and the industrial and services sectors by 4.0% and 4.5%, respectively. The short-term outlook is positive, with projected GDP growth reaching 5-6% over the next three years, mainly driven by higher private-sector investments and increased exports. Services, especially, finance, ICT and construction, are the expected drivers of GDP.... Read more »

Posted on : Thursday , 29th January 2015

Industrialization and Global Value Chains in Kenya

 Kenya has a range of value chains in floriculture, textiles, leather, automotive production, intermediate and final manufacturing, music industry and tourism. It is evident that the country is generally at the low end of the value chain, given that a large component of Kenya’s exports is in raw materials (e.g. coffee, tea, animal products) which have low foreign value added content. For example, though Kenya has been integrated in.... Read more »

Posted on : Thursday , 29th January 2015



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