Market News Page No. 88| Africa Business News

AFRIGLASS KENYA COMES BACK TO KICC NAIROBI FOR THE 2ND EDITION

04 - 06 July 2019 | Kenyatta International Convention Centre | Nairobi | Kenya Dated: 10th June, 2019 After a debuting last year the 2nd AFRIGLASS AFRICA is back from the 04th – 06th July 2019 at KICC, Nairobi in Kenya. Held concurrently with the 22nd Buildexpo 2019, the event shares the stage, opening up to greater number of visitors from a wide industry base. Africa's largest International Trade Exhibition brings together.... Read more »

Posted on : Tuesday , 25th June 2019

Tanzania Foresee to Begin $30bn LNG Project Construction in 2022

Tanzania has deals for a consortium of oil companies to start construction of the $30bn liquefied natural gas (LNG) project in 2022.The liquefied natural gas processing plant will be based in the Lindi region. Regulatory barriers have delayed construction of an LNG export terminal near offshore natural gas discoveries to the south of the country. In March, the government declared that it planned to complete negotiations with a group of.... Read more »

Posted on : Monday , 24th June 2019

ROBERT BOSCH ONCE AGAIN TO BE A PART OF THE MEGA EVENT AUTOEXPO KENYA 2019

Robert Bosch East Africa Ltd to participate as a prime exhibitor at one of the biggest exhibitions held in Africa. It’s been 21 years, AUTOEXPO Africa has been chosen by global manufacturers and exporters as the precise platform to enter the market of the millennium Africa. Robert Bosch is repute in the automotive industry. The company has everything one car needs: high- quality spare parts and components for almost.... Read more »

Posted on : Friday , 21st June 2019

Crude Oil Transportation Expected to Boost as EPF Inclines Production

conveyance of crude oil from the South Lokichar basin by truck is expected to normalize following the permit of regulatory confirmation from Energy and Petroleum Regulatory Authority (EPRA) (Formerly Energy Regulatory Commission) allowing the Amosing momentary production facility to be fully operational. EPRA has granted the necessary licenses in early May allowing the commissioning of the early production facility (EPF) installed by.... Read more »

Posted on : Friday , 21st June 2019

MOBIKEY TRUCK AND BUS LTD All Set To Participate at 22nd AUTOEXPO KENYA 2019 From 18th to 20th July

Mobikey Truck And Bus Ltd has signed up as gold sponsors at the most awaited event in Kenya “22nd AUTOEXPO”, in order to explore and expand its magnificent foot holes in Africa market. By choosing Mobikey Kenya as business partner, you’re switching it up a gear in terms of transport capacity and putting the break on the costs. Mobikey deliver the strongest solution. An enterprise of JAP Group, with more than.... Read more »

Posted on : Wednesday , 19th June 2019

Dar es Salaam Port Improves Efficiency, surpassing the 330 container target

The containers terminal department had set the 330 container target, within three shifts but now can handle over 600 containers, decreasing the time of vessels to stay at the port. The performance has eventually reduced costs of cargo vessels landing at the port, thanks to purchase of advanced machineries. John Maghibo, Principal Operations Officer for the Container Terminal at the port, said in an interview that the upgraded.... Read more »

Posted on : Tuesday , 18th June 2019

Tanzanian infrastructure gets a big boost with a USD 44.5 million allocation

A USD 44.5 million budget has been announced by the Government of Tanzania for the construction, upgrading and rehabilitation of airports around its country in the upcoming financial year. This decision is purely aimed at improving the country's infrastructure and aviation industry. Isack Kamwelwe, the Ministry of Works, Transport and Communication revealed that out of USD 2.1 billion financial budget, a total of USD 1.9 billion will fund.... Read more »

Posted on : Tuesday , 18th June 2019

Kenya Discontinue Age Limit Law for Imported Second-Hand Cars

It was a comfort for importers of second hand vehicles after the government discontinued plans to cap the age limit for imported second-hand cars at 5 years from the present 8. While showing up before the Trade and Industries board of the National Assembly, Trade CS Peter Munya the cap was a proposition. “It is still in its draft structure and yet to undergo public participation,” said CS Munya. This was after the.... Read more »

Posted on : Friday , 14th June 2019

Ethiopia invites 12 international companies to bid in their energy sector

The Ethiopian government has officially extended an offer to at least 12 global companies to submit financial and technical proposals in order to be part of power production and operations in the country. This is in order to take the privatization process even further. According to the Minister of Finance (MoF), Ahmed Shidie, who presented his Ministry’s 10 month report before the House of People’s Representatives, a feasibility.... Read more »

Posted on : Friday , 14th June 2019

Industry leaders converge in Nairobi for the 22nd Buildexpo Kenya 2019 at KICC

The 22nd edition of Buildexpo Africa is back in Kenya at the KICC Nairobi. At East Africa’s largest building and construction fair, exhibitors from over 40 countries who are the finest in building, construction and infrastructure development will be showcasing their products, services and equipment. The event will also feature awards in innovation and design that will be presented to the most innovative products at the expo along with a.... Read more »

Posted on : Thursday , 13th June 2019

Construction of BRT system in full swing in East Africa

Successful demonstration of BRT was done by Dar es Salaam, which is the first city to launch a BRT system in East Africa. After the completion of the first phase of the 21 Km BRT in the Dar Es Salaam which includes five terminals, seven feeders, 27 stations and three connector stations. Currently, around 140 buses are running daily on their special lanes. On the same lines the national treasury of Kenya has allocated around USD 54 million for.... Read more »

Posted on : Monday , 17th June 2019

Equity Bank Partners with Toyota Kenya to Capitalize Clients

Equity Bank and Toyota Kenya Limited clients would now be able to access up to 95% financing payable within 60 months on the single cab Hilux pickups. This follows a partnership agreement signed between Equity Bank and Toyota Kenya that will see the two organizations capitalize businesses and people keen to grow but are frequently because of absence of enough capital. Talking at the launch function, Equity Bank Kenya Managing Director,.... Read more »

Posted on : Wednesday , 12th June 2019