N e w s

Ghana government signs oil and gas exploration deal with Italy's ENI

 Ghana's government has given Italian energy firm Eni the final green light to develop gas resources in the Offshore Cape Three Points (OCTP) block, expected to begin production in 2017, it said on Monday.   The government, hoping to boost oil and gas production, said in a statement that it also planned to acquire a third floating production storage and offloading (FPSO) vessel, to be used for the $6 billion offshore project which.... Read more »

Posted on : Tuesday , 25th November 2014

Africa to Partner Israel, India, China Others On ICT Growth

 AS a measure targeted at improving the growth of Information and Communications Technology (ICT) in Nigeria, the National Information and Technology Development Agency (NITDA) has informed of plans by the country to sign a Memorandum of Understanding with countries including Israel, India, China and the United Arab Emirates. According to NITDA, the partnership will cut across various segments of the ICT industry including eGovernance;.... Read more »

Posted on : Tuesday , 25th November 2014

GE s Partnership with ALA- Africa's step towards inovative development

 African Leadership Academy (ALA) identifies young leaders from across Africa and enables them to practice and develop leadership through a hands-on and unique entrepreneurial leadership program at its Johannesburg campus in South Africa. The Academy then connects these young leaders with opportunities to impact communities, organizations, countries and the world at large. ALA believes that addressing the causes, rather than the symptoms,.... Read more »

Posted on : Tuesday , 25th November 2014

AccessKenya Group completes rollout of Sh300M investment

 Â Communications and IT Solutions provider AccessKenya Group has completed the rollout of its metropolitan fiber network in key target areas around Nairobi and its environs. The move is expected to grow the firm’s connectivity propositions in Industrial area, Ruaraka, Westlands, Parklands, Mombasa road and the Central Business District among other localities. “Our interest is in helping businesses grow by delivering.... Read more »

Posted on : Tuesday , 25th November 2014

Kenya inks key trade pact with United Arab Emirates

 Your are here  » Home   » Business News Kenya inks key trade pact with United Arab Emirates BY STANDARD REPORTER Updated Monday, November 24th 2014 at 00:00 GMT +3 Share this story: Kenya and the United Arab Emirates ( UAE) have entered into an investment promotion agreement that is expected to increase the volume of trade between the two countries. The agreement was signed by National Treasury Cabinet Secretary Henry.... Read more »

Posted on : Tuesday , 25th November 2014

Kenya woos international investors to finance Sh790 trillion big-Industrial projects

 State woos international investors to finance Sh790 trillion big-ticket projects It has not escaped the attention of many that enthusiastic foreign investors made a beeline for Nairobi last week eager to clinch deals in Kenya, which is considered the financial and business hub of the East African region. These investors are positioning themselves to or have already clinched lucrative contracts for several mega projects in Kenya. The list.... Read more »

Posted on : Tuesday , 25th November 2014

Egypt hires German firm for Suez Canal construction work

The engineering division of the Egyptian armed forces has announced that Egypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal project, in a US$8 billion project of expanding the waterway and through which the government seeks to raise more revenues and foreign currency reserves. Kamal al-Waziri said on Thursday that the Egyptian army had contracted a German company to provide machines for three car.... Read more »

Posted on : Monday , 24th November 2014

US$64m flyover to be built over Coco Beach, Tanzania

The government of Tanzania has signed an agreement with the South Korean government to see through construction of another flyover in Dar es Salaam. The flyover will be constructed over Coco Beach along Toure Drive, where it will connect with the Ali Hassan Mwinyi Road. The bridge will be 7.1 Km in length and will have four lanes and a pedestrian path. It will be able to accommodate around 61,000 vehicles to use the road once complete. It is.... Read more »

Posted on : Monday , 24th November 2014

Hyundai Unveils $5m Assembly Plant In Mozambique

Hyundai, a South Korean automotive manufacturer, has unveiled a $5.45 million Hyundai car assembly plant in Mozambique’s capital city, Maputo. “The plant has an installed capacity to assemble 4,500 cars per year and in an initial phase will assemble five vehicles per day, which will increase to 1,200 units in 2015 and 2,500 in 2016,” said the Somyoung Motors in a statement. Mozambique’s economic growth has been.... Read more »

Posted on : Monday , 24th November 2014

Uganda's Hybrid Car, Kiira EV SMACK Launched In Kenya

The vehicle went on show at the Kenyatta International Convention Centre (KICC) in the capital Nairobi early Thursday.This is the first time the car goes on exhibition outside Uganda. Kiira Motors Corporation (KMC) – the Ugandan manufacturers of the car – recently told New Vision that it will be the region’s first sedan hybrid electronic vehicle.Hybrid-electric vehicles combine the benefits of gasoline engines and.... Read more »

Posted on : Monday , 24th November 2014

Nissan picks Associated Motor Holdings Kenya in bid to boost sales

NISSAN Motor Corporation Senior Vice President Africa , Middle East and India/ South Asia Business, Takashi Hata with the flagship NP300 during the introduction of the New Nissan into the Kenyan market , at their show room over the weekend.  Nairobi; Kenya: Global car maker Nissan has picked Associated Motor Holdings (AMH) Kenya as a partner as it seeks to boost its market share in the country. The new partner is part of the South.... Read more »

Posted on : Monday , 24th November 2014

The Geregu II gas turbine power plant in Nigeria

 In the Nigerian state of Kogi, Siemens has completed the Geregu II gas-turbine power plant in Ajaokuta on schedule. The customer is Niger Delta Power Holding Company (NDPHC), the state-run energy provider in Nigeria. As part of the turnkey construction project, Siemens supplied three E-class gas turbines as well as the associated generators. With an electrical capacity of 434 megawatts (MW), the plant will play an important role in the.... Read more »

Posted on : Monday , 24th November 2014



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