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Kenya:Tax capital gains only after discovery, says oil, gas industry

 A Swedish investor wants to test Kisumu’s real estate appetite with Sh48-million villas. Fred Andersson, owner of Coromandele Investment Ltd is putting up 30 villas priced at Sh38.5million and Sh48.5million at Riat Hills, 3km from Kisumu International Airport.He said each unit would comprise four bedrooms all ensuite, walk-in in closet, expansive roof terrace with external Jacuzzi, two-room servant quarter and free flowing open plan among the common areas. There will als.... Read more »

Posted on : Monday , 1st September 2014

Investor eyes Kisumu with Sh48m villas

 A Swedish investor wants to test Kisumu’s real estate appetite with Sh48-million villas. Fred Andersson, owner of Coromandele Investment Ltd is putting up 30 villas priced at Sh38.5million and Sh48.5million at Riat Hills, 3km from Kisumu International Airport.He said each unit would comprise four bedrooms all ensuite, walk-in in closet, expansive roof terrace with external Jacuzzi, two-room servant quarter and free flowing open plan among the common areas. There will als.... Read more »

Posted on : Monday , 1st September 2014

Oil explorer Afren seeks clearance ahead of Wajir drilling

 London Stock Exchange-listed oil explorer Afren Plc has filed environmental disclosures ahead of drilling exploratory wells in Mandera and Wajir in the coming months. Afren’s drilling will be in Bur Wein area in El Wak, Mandera County and at Konton in Wajir County, both falling in Block-1 of the Mandera Basin.The company whose top officials were last week suspended over making illegal payments is looking to drill in the area at a time of heightened security concerns over.... Read more »

Posted on : Monday , 1st September 2014

Nairobi, Dar to float tender for power line

 Kenya and Tanzania are to float a tender in September for the construction of a transmission line capable of transferring 2,400MW of electricity.

 
The 400 kilovolt high voltage overhead transmission line is expected to cover about 510 kilometres from Isinya in southern Kenya to Singida in central Tanzania.
 
The Kenya Electricity Transmission Company (Ketraco) acting chief manager of planning and construction, Anthony Mu.... Read more »

Posted on : Monday , 1st September 2014

$600m highway to link Kenya, Tanzania

 The East African Community is finalising plans for a transnational highway to link the Kenyan and Tanzanian coasts.

The 460km highway, .... Read more »

Posted on : Monday , 1st September 2014

Uganda s crude oil reserves estimates nearly double in new adjustment

 Uganda’s petroleum exploration and production department has put its estimated crude oil reserves at 6.5 billion barrels from the previous 3.5 billion barrels.

 
The department is quoted by Wall Street Journal saying that the new figures follow the appraisal of oil blocks held by Tullow oil, Cnooc limted and Total S.A.
 
“The increase in resources is an achievement given that with improved technology, the reco.... Read more »

Posted on : Saturday , 30th August 2014

Kenya: Migori Plan Sh40 Million Renovation Work At Stadium

 MIGORI County Government have announced plans to renovate the county stadium at a cost of Sh40 million. According to Governor Zachary Okoth Obado, the stadium will be used to boost young talent and enable the county have the best team in the region. The renovated stadium will accommodate volleyball, rugby, athletics, football, basketball and indoor games.... Read more »

Posted on : Friday , 29th August 2014

Tanzania: WB Grant Pushes to Boost Agriculture

 THE country's agriculture sector will get 60 million US dollars (about 100bn/-) in investment guarantees from World Bank's Multilateral Investment Guarantee Agency (MIGA) to boost growth and tame poverty.

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Posted on : Friday , 29th August 2014

Kenya: Let's Promote Coconut Production - President Kenyatta

 Momabsa — President Uhuru Kenyatta has called for the formulation of policies that will unlock the country's potential in coconut farming.

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Posted on : Friday , 29th August 2014

Tanzania: WB Grant Pushes to Boost Agriculture, Tame Poverty

 THE country's agriculture sector will get 60 million US dollars (about 100bn/-) in investment guarantees from World Bank's Multilateral Investment Guarantee Agency (MIGA) to boost growth and tame poverty.

Read more »

Posted on : Friday , 29th August 2014

Oil & Gas Basin Opens in Kenya

 Murmurs that Kenya is about to become a major petroleum province have now reached a dull roar.

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Posted on : Friday , 29th August 2014

TDPC to lay gas pipelines in Tanzanian city

 Tanzania Petroleum Development Corporation (TDPC) has plans of laying gas pipelines along main roads in Dar es Salaam for the distribution of natural gas in the city

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Posted on : Thursday , 28th August 2014



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