Market News Page No. 334| Africa Business News | Afrotrade

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Stortemelk Hydro adds 4.5 MW to local electricity grid

Stortemelk Hydro, the third hydropower plant developed in South Africa by Renewable Energy Holdings (REH), started commercial operations on July 29. The 4.5 MW, R190-million project, which was awarded preferred bidder status under the second bid window of government’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), is located near Clarens, in the Free State. Similar to the two hydropower plants previously.... Read more »

Posted on : Thursday , 11th August 2016

Tanzania�s $30bn gas plant set to �revolutionise� country

Tanzania and its oil industry partners are to invest $30bn in a gas processing plant that will lead to an “economic revolution”, according to the country’s energy minister. Sospeter Muhongo, speaking to the Dar es Salaam Daily News, said the government had already embarked on the preliminary work and that Tanzanians should expect rapid growth to begin in a few years. The Tanzania Petroleum Development.... Read more »

Posted on : Thursday , 11th August 2016

Technology is driving the African innovation revolution

A few years ago, it was common for Africa to wait for the world to innovate so that it could borrow/copy, fast forward and things have changed considerably. Africa is innovating and so boldly that other countries are pausing long enough to copy its technologies. A case in point is the brilliantly innovative mobile money transfer technology, M-PESA. Launched in Kenya in 2007, at a time when transferring money was majorly limited to bank.... Read more »

Posted on : Thursday , 11th August 2016

CS Macharia says roads expansion among key Jubilee feats

Speaking on Capital in the Morning show, Macharia stated that the government has accelerated the process of construction and tarmacking of roads countrywide to serve all Kenyans. He pointed out that a major achievement is the construction of the Isiolo-Moyale Road connecting Kenya to the Ethiopia border, which when completed will be about 500 kilometres. “We launched only about six months ago a program to do our rural.... Read more »

Posted on : Thursday , 11th August 2016

Chinese investments in Kenya hit Sh663bn, FM Wang says

Wang said the Chinese investments and commitments to Kenya in the last three years were mainly in infrastructure and the establishment of industrial parks in Kisumu, Mombasa and Nairobi. “It is our hope that mega projects like the Standard Gauge Railway (SGR) will leverage Kenya’s position as a regional trade and investment hub,” Wang said. The Chinese Foreign Minister said he was pleased that the SGR has.... Read more »

Posted on : Thursday , 11th August 2016

CS Kazungu eyes 10% GDP growth after new mining sector rules

The Mining ministry is working on a 20-year strategy to leapfrog its gross domestic product contribution from one per cent to at least 10 per cent by 2030. CS Dan Kazungu said passing the Minerals and Mining Policy and assenting Mining Bill 2016 into law set the ball rolling. "The new law and policy position Kenya towards the path of being the most attractive destination for mineral investment in Africa and enhances the.... Read more »

Posted on : Thursday , 11th August 2016

China is Kenya's trustworthy development partner: FM

Visiting Chinese Foreign Minister Wang Yi said Wednesday here that China is Kenya's trustworthy partner as the East African country endeavors to achieve economic prosperity. Wang made the remarks while meeting with his Kenyan counterpart Amina Mohamed, and both sides pledged to further deepen bilateral practical cooperation. China and Kenya have enjoyed the advantage of high-level political mutual trust and strong economic.... Read more »

Posted on : Thursday , 11th August 2016

Mining ministry to set up fresh licensing board

The government is setting up a Mineral Rights Board to replace the current licensing advisory committee, as it embarks on implementing the new Mining Act. Mining Cabinet secretary Dan Kazungu yesterday said the board will oversee licensing and leasing, and is expected to reduce the time taken to process an application via the newly launched mining register portal. “We are perfecting this on an online platform to make sure.... Read more »

Posted on : Thursday , 11th August 2016

Chinese-built railways in Africa become model of cooperation: FM

Railway lines built by Chinese firms in African countries are becoming a model of China-Africa cooperation in industrial capacity, China's Foreign Minister Wang Yi said during his visit to Kenya on Wednesday. Wang cited the Nairobi-Mombasa railway line as an example during a joint press conference with his Kenyan counterpart Amina Mohamed after their talks and a meeting with President Uhuru Kenyatta. The railway line, funded by.... Read more »

Posted on : Thursday , 11th August 2016

Kenya among top UN suppliers, got Sh44bn

Kenya was among the top 10 suppliers of goods and services to the UN last year, raking in Sh43.9 billion in these deals, a new report shows. The country emerged the top African supplier to the global organisation, accounting for 2.5 per cent of the total procurement volume. The report – Annual Statistical Reporting – states Kenya supplied goods worth Sh13.9 billion and services worth Sh30.... Read more »

Posted on : Thursday , 11th August 2016

Feature: Kenyan farmer uses music to boost milk production

A Kenyan dairy farmer has devised a unique method of using entertainment to make his cows produce more milk. Arnold Njau, who hails from Nakuru county in northwestern Kenya, came up this bold move and introduced TV sets in the cow shed to keep the animals entertained throughout the day and night in order to boost production after research showed the act is a possibility. "Just as human beings, cows too get bored and need.... Read more »

Posted on : Wednesday , 10th August 2016

Improving patient access to kidney transplantation

The government is partnering with Kenya Renal Association to device a programme that will increase the country’s capacity to conduct daily kidney transplants. The joint venture programme which will be rolled out before the end of the year is expected to reduce the cost of treatment to save many Kenyans who have been seeking the services overseas. A working group will meet next month to develop the programme.... Read more »

Posted on : Wednesday , 10th August 2016

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