N e w s

East Africa: EAC Cited As African Trendsetter

 The East African Community (EAC) has been cited as one of the growing blocs amongst the Regional Economic Communities (REC) in sub-Saharan Africa.   The Brookings Institution in its recent Foresight Africa 2016 report on regional integration in sub-Saharan Africa, said the EAC has implemented several joint infrastructure projects.   Among them is the Arusha-Namanga-Athi River Road, a road which runs from Tanzania to Kenya..... Read more »

Posted on : Friday , 22nd January 2016

Kenyan Entrepreneurs Tap Into Chinese Market

 Edith Mbui's modest upbringing in a rural Kenyan village taught her the values of hard work, fortitude and commitment to causes that would have lasting impact on the wider society.   The retired mother of one pursued formal education with zeal and was among few young women who broke the glass ceiling to secure lucrative careers in the Kenyan public service.   While growing up in post independent Kenya, Mbui witnessed.... Read more »

Posted on : Thursday , 21st January 2016

Africa and China to build US$3.3bn port

 Africa and China have signed a US$3.3bn deal to build a new transshipment port around 60km west of Algiers portconstruction washingtonstatedeptoftransportation flickrAlgeria as a trade hub is rising in importance in East Africa, making it viable to build a port. (Image source: Washington State Dept of Transportation/Flickr) The agreement was signed between Algeria’s transport ministry, China Harbour and Engineering Company (CHEC).... Read more »

Posted on : Thursday , 21st January 2016

Djibouti begins constructing first ever solar power plant

 Djibouti has begun constructing its first ever solar power plant located in Grand Bara, in the south of the country aimed to cut the cost of energy and add 50 megawatts of power towards a capacity of 300 megawatts.   The US$ 390m project is as a result of a partnership between the Republic of Djibouti and Green Enesys, a German company specializing in renewable energy.   Energy Minister Ali Yacoub Mahamoud confirmed the.... Read more »

Posted on : Thursday , 21st January 2016

Construction of Port Reitz/Moi International Airport Access Road launched

 The construction of the US$ 31m Port Reitz/Moi International Airport Access Road in Mombasa, Kenya has finally been launched by President Uhuru Kenyatta and is expected to ease traffic by allowing faster flow of goods.   The project which is being implemented by the Kenya National Highways Authority (KeNHA) and overseen by TradeMark East Africa (TMEA) is being financed by the United Kingdom government and partly by the Kenyan.... Read more »

Posted on : Thursday , 21st January 2016

Rwanda Special Economic Zone Continues to Attract Investors

As Rwanda is the second easiest place to do business in Africa after Mauritius, as indicated by the World Bank's 2016 Doing Business report, its Special Economic Zone has continued attracting investors.   The Special Economic Zone program within the Rwanda Development Board (RDB) is designed to address domestic private sector constraints such as availability of industrial and commercial land, availability and the cost of energy, limited.... Read more »

Posted on : Wednesday , 20th January 2016

Rwanda: Govt, Private Sector Move to Streamline Textile Industry

The Ministry of Trade and Industry and the Association of Professional Tailors plan to set up a tailoring factory under a company to be named "Kigali Garment Centre" to reduce importation of second hand clothes, Minister Francois Kanimba said.   Speaking at a dialogue with the tailors, yesterday, in Kigali, the Trade and Industry minister said the factory would be set up by the end of the year.   The association was.... Read more »

Posted on : Wednesday , 20th January 2016

UK Firm Ready to Build Iron Smelter in Chambishi

A United Kingdom (UK)-based company has expressed interest in putting up an iron smelter at the Chambishi Multi-Facility Economic Zone (CMFEZ).   Zambia-China Economic and Trade Corporation spokesperson Stephen Lindunda said in an interview that the UK-based company was interested in establishing the iron smelter at CMFEZ.   He said 10 Chinese companies had also expressed interest in investing in the manufacturing of different.... Read more »

Posted on : Wednesday , 20th January 2016

Joint Sweden-UK Package for Tanzania's Grid

Sweden and the United Kingdom have raised $67 million towards Tanzania's rural electrification programme.   'The main objective of the financing programme is to increase access to modern energy services in rural areas of mainland Tanzania for sustainable social economic development and poverty alleviation,' the official statement read sin part.   Sweden through the Swedish International Development Agency (Sida) together with the.... Read more »

Posted on : Wednesday , 20th January 2016

IMF Puts Kenya Growth At 5.6 Percent

 Kenya's economy will grow at 5.6% slower than earlier projected, but several major infrastructure projects will help to shore up its prospects.   'The economy is projected to continue to expand robustly, although at a slower-than-projected pace. Real GDP is projected to grow by 5.6 percent in 2015 driven by public infrastructure spending, buoyant credit growth, and strong consumer demand,' Vitaliy Kramarenko who recently led an.... Read more »

Posted on : Wednesday , 20th January 2016

CEOs Place Kenya Among Top Investment Places

 Global logistics executives have ranked Kenya among the top promising investment markets in Africa, after South Africa and Nigeria.   A report titled Agility Emerging Markets Logistics Index 2016 says a fast-growing middle class and the demand for mineral resources are important growth drivers in the country.   Others are new oil and gas finds, rapid infrastructure development, stronger agricultural demand and increased.... Read more »

Posted on : Wednesday , 20th January 2016

African Country banks on president Xi Jinping’s visit to boost infrastructure

 Egypt banks on president Xi Jinping’s visit later this month to boost its infrastructure network seen as a key driver of the economy. A number of agreements that will align the economic interests and development goals of China and Egypt are expected to be signed when Mr Jinping visits Cairo.   According to a statement from cabinet ministers the county is focusing more in area of electricity, transportation, construction,.... Read more »

Posted on : Wednesday , 20th January 2016



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