Market News Page No. 587| Africa Business News

SH80 MILLION POWER PROJECT LAUNCHED IN HOMA BAY

Homa Bay: A power project, which will cost Sh80 million to develop, has been unveiled in Homa Bay county. The ambitious initiative, being undertaken by Kenya Power, is expected to end frequent power outages in the area. Dubbed "Boresha Umeme Homa Bay", the initiative will increase electricity supply in the area to six times the current flow. Kenya Power Managing Director Dr Ben Chumo said the move is.... Read more »

Posted on : Friday , 8th August 2014

Shelter Afrique has signed a US$8 million deal with the Kenya Medical Association for housing

Shelter Afrique the Pan-African Housing Financier has advanced a US$8 million [KSH704M] loan to the Kenya Medical Association for the construction of 160 housing units in Mombasa for exclusive sale to members of the association. The loan which follows the approval by the Shelter Afrique board in March 2014 sees Shelter Afrique partner with the KMA yet again having already jointly financed two of the KMA’s housing projects. Signing the.... Read more »

Posted on : Friday , 8th August 2014

Lifelong ARVs for pregnant women, says Kenya Health Minister

All pregnant, HIV positive women will go onto lifelong antiretroviral treatment from January 2015, Kenya Health Minister. In addition, people with HIV will start treatment when their CD4 count, which measures immunity, drops to 500 not 350 as at present. Currently, pregnant HIV-positive women with a CD4 count over 350 only receive ARVs during pregnancy and breastfeeding to prevent mother-to-child HIV transmission. In September.... Read more »

Posted on : Friday , 8th August 2014

Kenya chooses GM and biotech, but there are smarter ways to feed Africa

Kenya’s Deputy President William Ruto has made the case for Africa to use biotechnology in food production to deal with hunger and poverty. But when it comes to the issue of food security in Africa, there are often hidden agendas at work. There’s a lot to be gained by agri-tech companies if leaders blindly promote biotechnology. Biotechnology is, generally speaking, the use of living organisms to fulfil a practical.... Read more »

Posted on : Friday , 8th August 2014

Acorn Group Kenya injects US$455m into a Real Estate project

Acorn Group Africa, a real estate firm in Kenya is going to inject US$455m into a real estate project that will see the firm construct shopping malls, commercial offices, residential properties and commercial hotels in Nairobi, Lukenya and Kitengela. The project is expected to commence in October this year with funds sourced through equity and bank loans. The firm aims to meet the growing demand for retail and residential.... Read more »

Posted on : Friday , 8th August 2014

US$48.2m released by Tanzanian Government for housing project

WHC is going to construct 50,000 housing units that government workers will be able to buy through low interest mortgage system. The units will be built in five phases, of which the government has released US$48.24m for the construction of the first phase. In this phase, houses will be built in Dar es Salaam, Coast Region, Tanga, Arusha, Mwanza, Shinyanga, Mtwara, Lindi, Tabora, Dodoma, Morogoro, Kilimanjaro, Ruvuma and Mbeya. The.... Read more »

Posted on : Friday , 8th August 2014

Kenya: Voi Reaps Big From Kenya's First Major Carbon Project

For many years, residents of Kasigau location in Voi lived off felling trees, clearing bushes and burning charcoal in an open-canopy forest where they call home, but a carbon trading project is empowering thousands of residents here to embrace new sustainable sources of livelihoods. The smoky overhead that traditionally engulfed the forest has now paved way to a clear, fresh atmosphere as people adopt new sources of.... Read more »

Posted on : Friday , 8th August 2014

Nairobi skyline to soar higher with Kenya's tallest tower

Construction is well underway on the 40-storey Hazina Trade Centre in Nairobi, which is tipped to be the tallest building in East and Central Africa – and the third tallest in Africa. The Hazina Trade Centre, which is being developed by the National Social Security Fund (NSSF), will unseat the city’s 38-storey Times Tower as the tallest building in the region upon its completion in 2016. The tower was designed by Mruttu &.... Read more »

Posted on : Friday , 8th August 2014

Africa's Richest Man Aliko Dangote Partners Blackstone, Carlyle In $5 billion Energy Deal

Two of America’s largest private equity firms are teaming up with West Africa’s largest industrial conglomerate, Dangote Industries, to invest in Africa. According to a report by the Wall Street Journal, Black Rhino Group, a portfolio company of Blackstone Energy Partners and affiliated funds managed by Blackstone Group, is partnering with Dangote Industries, owned by Africa’s richest man, Aliko Dangote, to.... Read more »

Posted on : Friday , 8th August 2014

Uganda embarks on distribution of Long Lasting Insecticidal Nets to combat malaria

Why the Mass Distribution of Nets in Uganda is a success story so far? The Ministry of Health in Uganda and its financing partners, have succeeded in distributing Long Lasting Insecticidal Nets to 98% of its districts. This is one of the most costly, most ambitious and most cost effective moves in Health Care and as regards Malaria prevention. Its goal is to achieve what is termed as Universal Coverage to curb the mortality and morbidity.... Read more »

Posted on : Friday , 8th August 2014

UNAIDS, ASLM and Partners Launch Initiative to Improve HIV Diagnostics

The Joint United Nations Programme on HIV/AIDS (UNAIDS) and the African Society for Laboratory Medicine (ASLM) (http://www.aslm.org) have joined with global partners to launch the Diagnostics Access Initiative which calls for improving laboratory capacity to ensure that all people living with HIV can be linked to effective, high-quality HIV treatment services.Partners in the initiative include UNAIDS, the World Health Organization (WHO), the.... Read more »

Posted on : Saturday , 6th September 2014

Build a house in 8 days with precast concrete technology

As Kenya grapples with an acute shortage of housing, entrepreneurs are at the front-line of efforts to provide low cost homes to medium and low-income households. A growing list of builders are now adopting new technologies in building their latest projects. Precast concrete is one such technology that promises to increase the supply of affordable homes in the country. Precast concrete is made by casting concrete on a steel pallet in a.... Read more »

Posted on : Friday , 8th August 2014