Market News Page No. 524| Africa Business News | Afrotrade

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Uganda's Hybrid Car, Kiira EV SMACK Launched In Kenya

The vehicle went on show at the Kenyatta International Convention Centre (KICC) in the capital Nairobi early Thursday.This is the first time the car goes on exhibition outside Uganda. Kiira Motors Corporation (KMC) – the Ugandan manufacturers of the car – recently told New Vision that it will be the region’s first sedan hybrid electronic vehicle.Hybrid-electric vehicles combine the benefits of gasoline engines and.... Read more »

Posted on : Monday , 24th November 2014

Nissan picks Associated Motor Holdings Kenya in bid to boost sales

NISSAN Motor Corporation Senior Vice President Africa , Middle East and India/ South Asia Business, Takashi Hata with the flagship NP300 during the introduction of the New Nissan into the Kenyan market , at their show room over the weekend. Nairobi; Kenya: Global car maker Nissan has picked Associated Motor Holdings (AMH) Kenya as a partner as it seeks to boost its market share in the country. The new partner is part of the South.... Read more »

Posted on : Monday , 24th November 2014

The Geregu II gas turbine power plant in Nigeria

In the Nigerian state of Kogi, Siemens has completed the Geregu II gas-turbine power plant in Ajaokuta on schedule. The customer is Niger Delta Power Holding Company (NDPHC), the state-run energy provider in Nigeria. As part of the turnkey construction project, Siemens supplied three E-class gas turbines as well as the associated generators. With an electrical capacity of 434 megawatts (MW), the plant will play an important role in the.... Read more »

Posted on : Monday , 24th November 2014

Atlas Development and Support Solutions expects Kenyan listing by mid December

Oil and gas solutions services provider Atlas Development and Support Solutions has said it expects a dual listing on the Growth Enterprise Market Segment (‘GEMS’) of the Nairobi bourse by December 15th as it continues with the last stages of discussions with According to the chief executive officer of the London Company Carl Esprey Atlas will allow Kenyans to take hold of some 40 million shares valued at $4.... Read more »

Posted on : Monday , 24th November 2014

Kenya: Over 300 Foreign Investors Seek Opportunities in Kenya

Nairobi — Over 300 investors from the region and across the globe are in Nairobi with the aim of seeking business opportunities in Kenya. The investors are attending a major two-day conference dubbed Kenya International Investment Conference (KIICO) where the government and the private sector are showcasing what opportunities the country has to offer. Welcoming the entrepreneurs on Wednesday, President Uhuru Kenyatta called on the.... Read more »

Posted on : Monday , 24th November 2014

Kenya the Best Place to Invest, Says Kirubi

Nairobi — "If the truth is to be told, Kenya is the best place in the world to invest in. This is a country where wealth is made. In the western world, you are shuffling money which is creating no wealth," Businessman Dr Chris Kirubi tells over 300 investors who are in Nairobi to attend the first Kenya International Investment Conference (KIICO). "Take one of the counties, invest, and you will become a.... Read more »

Posted on : Monday , 24th November 2014

Diamond mining gaining industrial growth in Africa

Basikwa Trading (Pty) Ltd was established in 2007, and has since taken advantage of the opportunities opening up in South Africa with regards to diamond benefication. The company trades in rough and polished diamonds on the local market and export to the international diamond trade, and values their customers as they value the diamonds they sell. Basikwa’s diamond factory produces polished diamonds which are certified by the.... Read more »

Posted on : Monday , 24th November 2014

Kenya the Best Place to Invest, Says Kirubi

Nairobi — "If the truth is to be told, Kenya is the best place in the world to invest in. This is a country where wealth is made. In the western world, you are shuffling money which is creating no wealth," Businessman Dr Chris Kirubi tells over 300 investors who are in Nairobi to attend the first Kenya International Investment Conference (KIICO). "Take one of the counties, invest, and you will become a billionaire," he.... Read more »

Posted on : Monday , 24th November 2014

Foreign investment sought for upcoming plant

E K Farms has acquired over 100 hectares of land, and is now seeking investors to set up a biogas plant on the land. As Africa faces rising energy tariffs and becomes more aware of the dangers of traditional fuel and the greenhouse effect, the demand for more cost efficient biogas is increasing. In addition to lowering production costs, the production process of biogas produces fertiliser as a by-product. The minimum investment.... Read more »

Posted on : Monday , 24th November 2014

US to set up manufacturing plant in Africa

The US consul general to Nigeria, Jeffry Hawkins, revealed this recently during a meeting with the state governor Adams Oshiomhole. Hawkins said the US$250mn fertiliser plant was being planned by the Overseas Private Investment Corporation of the US government. Hawkins revealed, “We are here because we are proud that the Overseas Private Investment Corporation of the US government is planning to make a US$250mn investment in.... Read more »

Posted on : Monday , 24th November 2014

Kenya to diversify plans to encourage foreign investment

On Monday, Kenyan President Uhuru Kenyatta, addressed stakeholders at a textile exhibition in Nairobi informing them of his strategy to redesign certain policies to make Kenya an attractive region for investment, Standard Digital reported. ‘We want to be among the first movers in Africa by creating an enabling environment to attract investment’, he said. Forming part of the ‘attractive.... Read more »

Posted on : Monday , 24th November 2014

Phosphorite mining exploration investment opportunity

Baobab Equity Management (Pty) Ltd is a Namibian owned company that was awarded an Exploration Prospecting Licence (EPL) to explore for phosphorites off the shores of Namibia in 2010. The company appointed a South African based geological expert to perform a preliminary desktop review of the deposit. The size of the shelf phosphorite deposit is impressive in terms of extent and phosphorite content. The EPL occurs within the.... Read more »

Posted on : Monday , 24th November 2014

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