Libya Oil to Expand Its Investment in East Africa

 Libya Oil Ethiopia Limited, a subsidiary company of the Libya Oil Holdings Ltd, is to expand its investment and business in Ethiopia.   Two weeks ago the corporate management of Libya Oil Holdings held a week long meeting at Hilton Addis Ababa. The senior management team members came from the headquarters of the company, which is based in Dubai, UAE. Eighteen country managers from different African countries attended the high-level management meeting held in Addis Ababa.... Read more »

Posted on : Friday , 11th September 2015

WORLD BANK GRANTS SH 54 BILLION FOR KENYA-S.SUDAN FIBRE OPTIC AND SUPERHIGHWAY PROJECT

The World Bank has released over Sh54 billion to fund the laying of fibre optic cable and construction of a superhighway connecting Kenya and South Sudan.   The project, which runs concurrently in the two countries, was commissioned Wednesday following the release of the funds.   The fibre optic cable will be placed along the Lokichar – Nedapal road as the road is constructed.   South Sudan’s ICT minister Rebecca Joshua Okwaci and her Kenyan.... Read more »

Posted on : Friday , 11th September 2015

African and Italian Constuction Companies collaborate to lauch new company

 Dangote Industries Limited has entered a multimillion joint venture agreement with Italy’s Saipem to establish a new company called Saipem-Dangote E&C   The new company aims to secure complex engineering and construction (E&C) projects in the Nigerian, Central and West African markets, said Dangote Group executive director Devakumar Edwin. The new venture will implement projects with the highest levels of efficiency in terms of costs and timing, while.... Read more »

Posted on : Friday , 11th September 2015

TPA plans to increase Dar Port capacity

Tanzania Ports Authority (TPA) plans to increase capacity of Dar es Salaam Port for it to handle consignments from 15 million tonnes to 18 million tonnes per year with effect from next year, following a major renovation exercise.   Dar es Salaam Port Manager, Mr Hebel Mhanga told a press conference in Dar es Salaam that the Port will be able to handle consignments in five days instead of the current nine, saying the move will allow more ships to anchor at the country’s.... Read more »

Posted on : Friday , 11th September 2015

Bralirwa gets Sh2.5bn loan to fund expansion

 Listed Rwandese beverage-maker Bralirwa has received a Sh2.5 billion loan from the International Finance Corporation (IFC) to expand its Kigali-based plant.   Bralirwa — which listed on the Rwanda Stock Exchange after selling shares to East Africans including Kenyans — will use the fresh capital to add a soft-drink bottling line, improve on the company’s energy consumption and construct a waste-water treatment plant.   The company also brews.... Read more »

Posted on : Friday , 11th September 2015

Dairy firm to tap into regional market

 Githunguri Dairy, manufacturers of the Fresha brand of products, is expanding its foothold within the East African Community (EAC) by growing its presence in Tanzania, South Sudan and Uganda.   The milk processor said it has been consolidating its presence in Kenya and was now ready to expand to neighbouring countries.   Speaking in Mombasa, Githunguri Dairy Co-operative Society Chairman Charles Mukora, said that buoyed by their growing presence in major towns.... Read more »

Posted on : Friday , 11th September 2015

Tanzania gets mobile phone-based agricultural service

 A new mobile phone-based service has been launched in Tanzania to provide agricultural information to farmers Tanzania Mobile Agriculture DIVatUSAID FlickrM-Kilimo is expected to benefit more than 90,000 livestock keepers, crop farmers and fishermen. (Image source: DIVatUSAID/Flickr) The M-Kilimo platform is an innovative service that gives farmers access to markets for agricultural produce. Once registered on the M-Kilimo platform, farmers and buyers can meet online and do.... Read more »

Posted on : Friday , 11th September 2015

FreeConferenceCall.com Launches in Nigeria, Kenya and South Africa

FreeConferenceCall.com, an independent provider of collaborative communications solutions, has launched free conference calling in Nigeria, Kenya and South Africa. Users in these markets can access free Audio Conferencing as well as features such as Audio Recording and Mobile Applications. The service gives consumers, businesses, charities, non-governmental organizations (NGOs), and governments immediate access to conference calling services with a simple user experience. Users can.... Read more »

Posted on : Friday , 11th September 2015

Ghana: Investors in Mining Sector Return 77 Percent Profit to Ghana

Mr. Sulemanu Koney, Chief Executive Officer of the Ghana Chamber of Mines, says contrary to popular opinion, the mining industry returns a large proportion of its revenue to the Ghanaian economy.   He said, in 2014, for instance, the industry returned approximately 77 per cent of its revenue to the country, with a large part of the remainder used for capital expenditure and acquiring consumables.   Mr. Koney said this at the just-ended 11th Quadrennial Conference of the.... Read more »

Posted on : Thursday , 10th September 2015

Uganda: Regional Manufacturers to Establish Investment Fund

Kampala — Regional manufacturers are planning to establish a fund that will facilitate joint investment in capital intensive and flagship projects.   This was one of the resolutions made during the recent EAC manufacturers' business summit, and is aimed at discussing the role of manufacturing in deepening the integration and fostering economic growth in the region.   In their Kampala resolution, the industrialists resolved "To effectively utilise the available.... Read more »

Posted on : Thursday , 10th September 2015

Uganda: Farmers Urge Govt to Support Local Seeds

Farmers have implored government to encourage the use of local seeds for crop production and multiplication to avoid counterfeits in the certified seeds market.   Speaking during a seed dialogue in Kampala recently, farmers under their umbrella body, Eastern and Southern Africa small-scale farmers' forum (ESAFF- Uganda), said most certified seeds especially those freely given out by National Agricultural Advisory Services (Naads) and Operation Wealth Creation programme were not.... Read more »

Posted on : Thursday , 10th September 2015

Kenya: Construction of Kenya, South Sudan Fibre Optic Cable Commences to Enhance Communication and Inter-Border Trade

Kenya and South Sudan will be connected to a high-speed fibre optic cable within the next two years enhancing communication and inter-border trade.   The ICT Authority is implementing the Kenyan-side of the project through a World Bank fund estimated at a cost of USD 25.5 million dollars, while the Sudan side is estimated to cost USD 15 million dollars. The road construction between Lokichar and Nedapal is worth USD 500 million dollars and will be funded by World Bank.The full.... Read more »

Posted on : Thursday , 10th September 2015