N e w s

Sameer Africa to construct a stadium in Kenya

Sameer Africa Group is planning to construct a 26,000-seater stadium in Kenya that will encourage the development of sports in that region. The stadium will be constructed in Nandi County. Sameer Africa which is owned by Naushad Merali signed a Memorandum of Understanding (MOU) with Nandi County Governor Cleopas Langat on the construction of the stadium and the investment firm pledged to add more money to the infrastructural development of.... Read more »

Posted on : Thursday , 26th November 2015

World Bank calls for diversification on infrastructure funding in East Africa

 The World Bank is now calling for diversification on infrastructure funding in Ethiopia in a bid to finance its  infrastructure projects to avoid heavy reliance on the state.   In recent years the country has been carrying much of the burden of raising finance for infrastructure development while at the same time demanding that banks invest the equivalent of 27% of the loan portfolio in low-yield state development bonds,.... Read more »

Posted on : Thursday , 26th November 2015

Bloomberg survey ranks Kenya sixth in green power generation

Kenya is now among top ten nations in regards to  green power generation, a report released by Bloomberg New Energy Finance shows. The 2015 Climatescope Index ranks Kenya sixth out of 55 countries that are investing in wind, solar geothermal and other renewable power generation worth US$126bn of investments. Energy Regulatory Commission (ERC) also gave out a report that revealed that geothermal power consumption in Kenya went high and.... Read more »

Posted on : Thursday , 26th November 2015

Bloomberg survey ranks Kenya sixth in green power generation

 Kenya is now among top ten nations in regards to  green power generation, a report released by Bloomberg New Energy Finance shows.   The 2015 Climatescope Index ranks Kenya sixth out of 55 countries that are investing in wind, solar geothermal and other renewable power generation worth US$126bn of investments.   Energy Regulatory Commission (ERC) also gave out a report that revealed that geothermal power consumption in.... Read more »

Posted on : Thursday , 26th November 2015

Nedbank and DBSA partner to construct green houses in Africa

 Nedbank Corporate and Investment Banking (NCIB) and the Development Bank of Southern Africa‘s Green Fund (DBSA) has partnered to construct 400 green houses in South Africa.   The construction of green houses in South Africa will combine social and environmental sustainability to promote access to better quality housing units with lower running costs.   The agreement also includes the monitoring of energy and water.... Read more »

Posted on : Thursday , 26th November 2015

Massey Ferguson to launch new tractors for Africa & Middle East

Massey Ferguson is introducing a new range of 50hp to 85hp tractors for select African and Middle East agricultural markets The 50hp MF 345 two-wheel-drive (2WD), 75hp MF 375 (2WD) and 85hp MF 385 (2WD and 4WD) are set to be released early next year, while the longer wheelbase 50hp MF 350 (2WD), 60hp MF 355 (2WD) and 60hp MF 360 (2WD) will follow later in the year. A choice of six Massey Ferguson matched implements, covering cultivation,.... Read more »

Posted on : Wednesday , 25th November 2015

Merck Africa Luminary Aims to Raise Quality of Healthcare in Africa

Merck has kicked off its second Merck Africa Luminary Congress for the first time in Kenya, the congress aims to facilitate the discussion of the current state of health systems in Africa and the most urgent issues of their work. During the inauguration of this year’s Merck Africa Luminary, Karl Ludwig Kley, Chairman of Executive Board and CEO of Merck emphasized, “We are pleased to engage with Kenya Ministry of Health and.... Read more »

Posted on : Wednesday , 25th November 2015

Japan to invest in Construction of Mombasa’s port

 Work on the second phase of Mombasa port’s second container is scheduled to commence in early 2017 portmombasa pixabay huskyherzThe port of Mombasa is a key trade gateway to and fro East Africa.  Kenya Ports Authority managing director Gichiri Ndua said that the construction is likely to cost nearly US$213mn, and provide an additional capacity of 470,000 and 550,000 TEUs. Following this construction will be the development of.... Read more »

Posted on : Wednesday , 25th November 2015

Newly constructed major underpass in Africa officially opened

 A newly constructed major underpass in South Africa has been officially opened by the Executive Mayor of the City of Ekurhuleni, Mr  Mondli Gungubele at the Riverfields Boulevard.   Riverfields is a mixed use development that has attracted global brands, among others DHL, John Deere, Jonsson and DB Schenker, to state-of-the-art business and logistics parks. With the underpass business in the area is poised to.... Read more »

Posted on : Wednesday , 25th November 2015

Tanzania: Aerial Oil, Gas Surveys Take Off

The second phase for the AGGS petroleum and natural gas analysis using special aircraft is mapped within the Eyasi Wembere and Mandawa blocks under which other regions such as Tabora, Shinyanga and Lindi will also be mapped in the study. In Arusha, where the aerial survey starts today, the exercise will cover the Lake Eyasi escarpment, the Lake Manyara Basin and Lake Natron (Oldonyo L’engai) landscape. Overall, the task, expected to.... Read more »

Posted on : Wednesday , 25th November 2015

More hydro power stations in East Africa to be constructed

 Plans to construct more hydro power stations in Uganda are in the pipeline in a bid to generate 2,550 MW aimed at boosting its goal to industrialize, the country’s president Yoweri Museveni has said.   Museveni said that his government is on a campaign trail to industrialize the northern part of the country.   “Northern Uganda is going to be the center of Uganda. We are going to turn and transform it to be an.... Read more »

Posted on : Wednesday , 25th November 2015

Parliament to Discuss New Mining Law Next Month

A new mining law to be debated by parliament starting next month promises to improve the environment for investment and generally enhance Uganda’s mining sector. “We hope to have a new law for debate in Parliament by December,” Peter Lokeris, the State Minister for mineral development told the annual general meeting of the Uganda Chamber of Minerals and Petroleum (UCMP), an outfit that brings together players in the.... Read more »

Posted on : Wednesday , 25th November 2015



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