Market News Page No. 286| Africa Business News | Afrotrade

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Kenya�s power imports from Uganda now rise 32 per cent

Kenya’s electricity imports from Uganda grew by nearly a third in the year to July saddled by the shutdown of geothermal power grid for lines maintenance. Kenya imported 40.7 million kilowatt hours (kWh) from Uganda compared to 31 million units in the first seven months of last year – marking a 32 per cent growth, according to official data. This is a departure from last year when East Africa’s largest.... Read more »

Posted on : Thursday , 8th September 2016

Kenya Gives More Power to Mining Communities

Kenya has drafted 14 mining regulations to strengthen the government's capacity to manage exploration and extraction of minerals. The proposed Minerals and Mining Policy recently approved by the Cabinet, is anchored in the Mining Act, 2016, which came into effect on May 27. "The new law enhances Kenya's competitiveness by providing a stable, predictable and transparent investment climate for exploration and.... Read more »

Posted on : Thursday , 8th September 2016

Kenya Pipeline Company completes repairs on pipeline leak along Mombasa-Nairobi road

Kenya Pipeline Company has completed repairs on the pipeline leak on the Mombasa-Nairobi line at kilometer 25 near Mazeras. A statement from the company said the leak occurred due to ageing of the line related to a corrosion defect. Kenya Pipeline has already commenced an environmental remediation exercise to conserve the immediate environment where the leakage took place. KPC also plans to conduct environmental audit and sampling in.... Read more »

Posted on : Thursday , 8th September 2016

Kenya Power to use WhatsApp groups to stay in touch with consumers

Kenya Power is set to use WhatsApp groups to engage customers in a bid to enhance communication and service delivery. The company in a statement on Wednesday said the groups will be used to engage with the consumers for faster responses. "WhatsApp groups provide a convenient engagement platform with large power customers and create a forum for them to put across issues concerning power supply thereby," managing.... Read more »

Posted on : Thursday , 8th September 2016

Africa is next centre for global economic growth, says Museveni

Ugandan President Yoweri Museveni has called for increased investment in Africa, calling it the next centre for the world’s economic growth. In a State House press statement issued on Monday, Mr Museveni described the economic situation in Africa as “very good” despite some bottlenecks while speaking at the third edition of the two-day Global African Investment Summit held in the Rwandan capital, Kigali..... Read more »

Posted on : Thursday , 8th September 2016

Kenya joins Smart Africa Alliance to boost data sharing

Kenya has signed into the Smart Africa Alliance, joining hands with 12 other African countries to create a single digital market to boost data sharing. The Smart Africa Alliance is geared towards connecting, innovating and transforming the continent into a knowledge economy with an ambitious target of fundraising $300 billion for developing the IT ecosystem in Africa by the year 2020 thereby driving global competitiveness and job.... Read more »

Posted on : Thursday , 8th September 2016

Real estate boom in Kenya goes to the small towns

For a long time, the focus has been on the major cities and towns when we talk about real estate hotspots. Nairobi came first, then Kisumu and Mombasa caught on. While the advent of devolution has brought with it stories on how land and construction is picking up, I got a first-hand experience in Isiolo last week. Isiolo is a small town by any standards. It is dwarfed by its neighbour Meru and even Nanyuki has a bigger name. The.... Read more »

Posted on : Thursday , 8th September 2016

Mega housing projects changing face of Mtwapa

A new housing development by the Kenya Medical Association is changing the face of Mtwapa in Kilifi Country. The Sh1 billion complex consists of 20 blocks, each with eight two-bedroom apartments on a five-acre plot located just after Greenwood Resort. It was completed in June and is ready for occupation. Each of the 160 apartments has an ensuite bedroom with an extra bathroom for guests. A reverse osmosis water purifier ensures.... Read more »

Posted on : Thursday , 8th September 2016

Tea farmers to get second bonus pay of Sh36.26 per kilo

Small holder tea farmers under the Kenya Tea Development Agency (KTDA) will now get a bonus of Sh36.26 per kilo of green leaf as the second payment for the financial year 2015/2016. This brings the total bonus payment to the farmers for the full year to Sh50.26 per kilo after an initial payment of Sh14 per kilo. Last year the farmers received a total of Sh41.61 per kilo. KTDA Chief Executive Officer Lerionka Tiampati says.... Read more »

Posted on : Thursday , 8th September 2016

Kenya to invest Sh20bn in agriculture over five years

Kenya plans to invest Sh20 billion in the agricultural sector in the next five years to improve the interests of farmers in the country. This was announced by President Uhuru Kenyatta when officially opening the sixth Africa Green Revolution Forum in Nairobi. President Kenyatta said the move is intended to facilitate more than 150,000 farmers with access to markets, finance and insurance for machinery among.... Read more »

Posted on : Thursday , 8th September 2016

Volkswagen to start assembling cars in Kenya

Volkswagen has signed a deal to use the Kenya Vehicle Manufacturers in Thika to assemble its popular models beginning with the Volkswagen Vivo. The first fully Kenya assembled Vivo is expected to roll out of the Thika plant by December this year. Making the announcement Wednesday, President Uhuru Kenyatta said the plant will then expand into a fully fledged assembly operation producing a range of vehicle.... Read more »

Posted on : Thursday , 8th September 2016

Local Vehicle Assembly to restart with Renault introducing its first cheap locally assembled vehicle

Local assembly of motor vehicles has received a big boost after Volkswagen South Africa signed a deal with the government, to assemble vehicles in Thika. The deal will see Volkswagen use the Kenya vehicle manufacturer’s facility in Thika to assemble popular models beginning with the Volkswagen vivo. The first fully Kenya assembled vivo is expected to roll out of the Thika plant by December this year. The return of Volkswagen is a.... Read more »

Posted on : Thursday , 8th September 2016

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