A USD 250 million loan to Kenya has been approved by the World Bank for a large scale affordable housing project. World Bank’s Kenya Country Director Mr. Felipe Jaramillo, said that the establishment and operationalisation of the Kenya Mortgage Refinance Corporation (KMRC), a largely private sector-owned and non-deposit taking financial institution supervised by the Central Bank of Kenya (CBK) will be supported by Kenya Affordable Housing Finance Project (KAHFP).
The l.... Read more »
Posted on : Monday , 13th May 2019
Kenya plans a deal to construct a 300MW solar plant in Zambia at a cost of US $500m focused at expanding the county’s generation capacity, re-balancing the reliability on hydropower and supporting the rural electrification programme.
Posted on : Saturday , 11th May 2019
The East African Community (EAC) summons for extended support from Canada, one of the leading development partners to Africa. The community is specifically pressing for assistance in the infrastructure and trade sectors to help it gain its intergrated agenda.
Mr. Liberat Mfumukeko, the secretary general said, "There is an urgent need to upscale the EAC-Canada relations as well as Canada's support".
He made the call when he met the Canadian High Commissioner.... Read more »
Posted on : Saturday , 11th May 2019
Tanzania government in partnership with the World Bank, Japan International Co-operation Agency (JICA) and the Africa Development Bank (AfDB) has launched a 12-year plan that seeks to boost rice production.
Dubbed as ‘The National Rice Development Strategy Programme’ the initiative is part of the Coalition for African Rice Development aimed at feeding East Africa and forestall a food crisis in the region.<.... Read more »
Posted on : Saturday , 11th May 2019
Toshiba Corporation has announced the establishment of its new branch office in Nairobi, Kenya, under Toshiba Africa, the company’s main subsidiary based in South Africa. The branch office will start operations from May.
Posted on : Friday , 10th May 2019
Euro Cable Private Limited Company, a joint venture between Ethiopian and Turkish, opens a new factory which is set to triple its existing electric cable production capacity.
Posted on : Friday , 10th May 2019
Foreign Secretary Jeremy Hunt has welcomed funding totaling £52 million that has been raised for a solar power plant in Kenya.
Posted on : Thursday , 9th May 2019
The Nigerian Breweries (NB) Plc says it has achieved 57% of its 60 per cent 2020 target for local sourcing of raw material for production.
According to Sade Morgan, Corporate Affairs Director, local sourcing was an integral part of the company’s long term sustainability agenda as it remains at the heart of the company’s operations.
“We are also exploring the use of maize and rice as brewing adjuncts (sources of starch) i.... Read more »
Posted on : Thursday , 9th May 2019
Locals and traders of Majengo market in Vihiga Sub County will soon experience enhanced security and working hours following World Bank’s move to entirely fund installation 15 high mast floodlights project in the Municipality at a cost of about Sh.52.5 million.
Posted on : Thursday , 9th May 2019
Constant progression on ‘Lighting Africa’ this is an initiative of (IFC & World Bank), which is further fuelling the growth of lighting products market in the region of East Africa. Driven by factors such as a growing subscriber base for smart phones and increasing consumers spending on television services is what the growth of the LED and OLED display market in Africa is depending on. The OLED and LED display markets in East Africa are consuming le.... Read more »
Posted on : Thursday , 9th May 2019
The World Food Programme (WFP) has partnered with state owned development financial institution, Tanzania Agricultural Development Bank (TABD) in implementing the Farm to Market Alliance (FTMA) project.
The project seeks to boost the agriculture sector in the country with plans of explore ways to scale up the FTMA model and have more smallholders under the arrangement.
According to a Daily News report, the platform has enabled TADB to provide loans of over Tshs750m (.... Read more »
Posted on : Thursday , 9th May 2019
Marking one of the biggest leaps in nine years, according to the latest figures by the Kenya National Bureau of Statistics (KNBS), exports of duty-free goods to the US under the African Growth and Opportunity Act (Agoa) grew by 25 percent.
Posted on : Monday , 6th May 2019
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