N e w s

Africa plans to develop Industrial sub sectors

 Aganga noted that the initiative was in line with the Nigeria Industrial Revolution Plan (NIRP), which has been strategically developed and linked with sectors of the economy where the country currently has competitive and comparative advantage such as mines, steel and agri-business. "What we have done today is to bring together all the stakeholders in the metal sector which is critical to industrialisation to look at how we can.... Read more »

Posted on : Wednesday , 26th November 2014

Egyptian Steel planning for IPO in 2015

 According to Reuters,Egyptian Steel chairman Ahmed Abou Hashima said the company planned to also increase production capacity by seven-fold over the next two years. “The market in Egypt is very promising. We have a very large population and increasing consumer demand,” said Hashima. The Egyptian bourse has not had an IPO for three years now.  Egyptian Steel was established in 2010 as a joint venture between some.... Read more »

Posted on : Wednesday , 26th November 2014

GZ Industries to invest US$100 million into manufacturing facility in Kenya

 The company plans to begin operations in early 2015 and will produce 1.2bn cans annually, it stated. Motti Goldmintz, CEO of GZ Industries, said, "The decision to invest in an aluminium can line follows a significant upturn in the demand for canned beverages in Kenya. The total annual production of sodas in the market has reached a high of 371.4mn litres in 2011." According to statistics, beer production in Kenya has also hit a.... Read more »

Posted on : Wednesday , 26th November 2014

Africa Lubricants Market worth 4,871.0 KT by 2019

The report " Africa Lubricants Market by Type (Mineral Oil, Synthetic Oil, Bio-based Oil, and Greases), by Application (Passenger Vehicles, Commercial Vehicles, Aviation and Marine and Industrial Machinery and Equipment) - Global Trends & Forecasts to 2019", defines and segments the Africa lubricants market with analysis and forecast in terms of volume. Browse 72 Market Data Tables and 53 Figures spread through 167 Pages and.... Read more »

Posted on : Wednesday , 26th November 2014

US firm cancels plans for oil exploration in Arabuko forest

CAMAC energy, a US based oil and gas exploration firm, has cancelled a planned seismic survey in Arabuko-Sokoke forest in Kilifi county.   The exercise which was to begin this month had met with protests from environmentalists who said that the survey might leave an irreparable damage to the forest.   Arabuko-Sokoke is the largest remaining fragment of the East African coastal forests, holding the last populations of some.... Read more »

Posted on : Tuesday , 25th November 2014

Ghana government signs oil and gas exploration deal with Italy's ENI

 Ghana's government has given Italian energy firm Eni the final green light to develop gas resources in the Offshore Cape Three Points (OCTP) block, expected to begin production in 2017, it said on Monday.   The government, hoping to boost oil and gas production, said in a statement that it also planned to acquire a third floating production storage and offloading (FPSO) vessel, to be used for the $6 billion offshore project which.... Read more »

Posted on : Tuesday , 25th November 2014

Africa to Partner Israel, India, China Others On ICT Growth

 AS a measure targeted at improving the growth of Information and Communications Technology (ICT) in Nigeria, the National Information and Technology Development Agency (NITDA) has informed of plans by the country to sign a Memorandum of Understanding with countries including Israel, India, China and the United Arab Emirates. According to NITDA, the partnership will cut across various segments of the ICT industry including eGovernance;.... Read more »

Posted on : Tuesday , 25th November 2014

GE s Partnership with ALA- Africa's step towards inovative development

 African Leadership Academy (ALA) identifies young leaders from across Africa and enables them to practice and develop leadership through a hands-on and unique entrepreneurial leadership program at its Johannesburg campus in South Africa. The Academy then connects these young leaders with opportunities to impact communities, organizations, countries and the world at large. ALA believes that addressing the causes, rather than the symptoms,.... Read more »

Posted on : Tuesday , 25th November 2014

AccessKenya Group completes rollout of Sh300M investment

 Â Communications and IT Solutions provider AccessKenya Group has completed the rollout of its metropolitan fiber network in key target areas around Nairobi and its environs. The move is expected to grow the firm’s connectivity propositions in Industrial area, Ruaraka, Westlands, Parklands, Mombasa road and the Central Business District among other localities. “Our interest is in helping businesses grow by delivering.... Read more »

Posted on : Tuesday , 25th November 2014

Kenya inks key trade pact with United Arab Emirates

 Your are here  » Home   » Business News Kenya inks key trade pact with United Arab Emirates BY STANDARD REPORTER Updated Monday, November 24th 2014 at 00:00 GMT +3 Share this story: Kenya and the United Arab Emirates ( UAE) have entered into an investment promotion agreement that is expected to increase the volume of trade between the two countries. The agreement was signed by National Treasury Cabinet Secretary Henry.... Read more »

Posted on : Tuesday , 25th November 2014

Kenya woos international investors to finance Sh790 trillion big-Industrial projects

 State woos international investors to finance Sh790 trillion big-ticket projects It has not escaped the attention of many that enthusiastic foreign investors made a beeline for Nairobi last week eager to clinch deals in Kenya, which is considered the financial and business hub of the East African region. These investors are positioning themselves to or have already clinched lucrative contracts for several mega projects in Kenya. The list.... Read more »

Posted on : Tuesday , 25th November 2014

Egypt hires German firm for Suez Canal construction work

The engineering division of the Egyptian armed forces has announced that Egypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal project, in a US$8 billion project of expanding the waterway and through which the government seeks to raise more revenues and foreign currency reserves. Kamal al-Waziri said on Thursday that the Egyptian army had contracted a German company to provide machines for three car.... Read more »

Posted on : Monday , 24th November 2014



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