Market News
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Kenya to host Sh23bn machinery plant
Posted on :Wednesday , 23rd September 2015
The manufacturing sector will benefit from Sh23 billion boost after a Kenyan firm Bico partnered with German machinery maker Liebherr Group to establish an assembly plant in Nairobi. Speaking in Kilifi, Bico-Liebherr founder Andrew Malunga Buraje said they are finalising the necessary investment documentation before the plant is put up in Nairobi towards the end of this year. "We have put . . .
Clover Mulls Building South Africa\'s First Dairy Mega-Factory
Posted on :Wednesday , 23rd September 2015
Clover Industries Ltd. is considering building South Africa’s first dairy mega-factory to boost exports to the rest of the continent from a country that consumes about 98 percent of the milk it produces, potentially countering the need for future volume and price cuts.
The proposed plant will be built near Estcourt in the eastern KwaZulu-Natal province for 890 million rand . . .Kenya signs on to extend Mombasa railway through to Naivasha
Posted on :Wednesday , 23rd September 2015
The Kenyan government has signed a new agreement that will extend the Mombasa-Nairobi standard gauge railway (SGR) line to Naivasha, a town lies about 120 kms northwest of the capital. The deal was signed by China Road and Bridge Corporation (CRBR) Chairman Wen Gang and Kenya Railways Managing Director Atanas Maina during a Cabinet Steering Committee on SGR meeting chaired by President Uhuru Ke. . .
Ghana: Massive Road Construction Underway
Posted on :Tuesday , 22nd September 2015
Joy has been brought to the faces of many residents and road users in the Eastern Region as work is steadily on-going on their roads to make them motorable.
The Mahama led administration in recent times came under serious attacks and criticisms from a cross - section of the public including some traditional rulers in the region who even demonstrated against it to fi. . .Athi River Mining says new clinker plant to boost profit margins
Posted on :Tuesday , 22nd September 2015
Athi River Mining (ARM) Cement expects profitability to improve now that it produces its own clinker for its East African cement plants, the firm’s managing director has said. ARM Cement, East Africa’s second biggest producer after Bamburi cement, posted a pre-tax loss of Sh473.5 million ($4.5 million) in the first six months, which the firm blamed on unrealised foreign exchan. . .
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