Gas discoveries worldwide have outsized oil finds by a ratio of two to one over the past two decades. Led by ‘colossal’ finds in East Africa, Africa’s gas reserves have risen by some two-thirds in recent years. The continent’s proven gas reserves of 503.3 trillion cubic feet (Tcf) at end-2016 (BP data) were mainly concentrated in Algeria, Egypt, and Nigeria – accounting for 92 percent of aggregate.
The crown jewels are new players Mozambiq.... Read more »
Posted on : Monday , 12th March 2018
The McFly.aero blockchain project is starting the set up of transportation for air taxis service in 23 cities in 13 countries. Nairobi has been recognized as one of the launch cities for this ambitious flying cars project.
Posted on : Friday , 9th March 2018
The Cabinet Secretary for Health, Sicily Kariuki has met with the Development Partners in Health Kenya (DPHK), the renowned Health donors gathering and has made affirmations about the utilization of the assets accumulated.
Posted on : Wednesday , 18th April 2018
Posted on : Wednesday , 18th April 2018
Kenya, a land where the world’s wealthiest people have found a new place to hunt for second homes.
While Kenya enjoys a prime spot on the radar of 4% of the global rich looking for a new property, the African ultra-rich count the East African nation among their top five locations for a sec.... Read more »
Posted on : Thursday , 7th June 2018
The International Finance Corporation is actively looking to allocate resources into Kenya's healthcare sector through a Sh11 billion ($107 million) equity fund in Holland.
Posted on : Wednesday , 18th April 2018
Todt was received by Kenya Motorsports Federation (KMSF) President Phineas Kimathi upon his arrival on Monday for the 2 days visit.
Kenya is competent of driving the Safari Rally back onto the World Rally Championship, says International Automobile Federation (FIA) President, Jean Todt.
Read more »
Posted on : Thursday , 1st March 2018
A huge bid of USD 48.8 million has been accepted for the Asella Malt Factory after it was made available for purchase by the Ministry of Public Enterprises (MoPE). This move was a part of the present privatization drive ongoing in Ethiopia. The Asella Malt Factory, now joins a list of highest offer companies, following the USD 944 million offer made to acquire the National Tobacco Enterprise (NTE) by Japan Tobacco International and the USD 225 million offer made by Diageo Plc .... Read more »
Posted on : Wednesday , 18th April 2018
American fast-food heavyweights Hardee's is all set to open its third branch at the Two Rivers Mall this March. This comes soon after the launch of Hardee's second restaurant in Kenya on Westlands Road.
Rohit Gambhir, General Manager of Hardee's Kenya said that the Two Rivers outlet will focus on the large number of customers that visit the shopping mall on a daily basis, while the Westlands branch will target the industries in the locality of Westlands Road.
.... Read more »Posted on : Wednesday , 18th April 2018
Exporter and flower grower Oserian Development Company has applied for variation of its two megawatts (MW) geothermal power generation license to include harnessing of solar energy.
Posted on : Monday , 26th February 2018
For the construction of two solar plants this year the European Investment Bank will offer a Sh7.5 billion loan, underlining the growing interest by global organizations in financing Kenyan green projects.
Posted on : Tuesday , 13th February 2018
Kenya and East Africa as a whole have followed a long path in the exploration of oil and gas resources. On the back of soaring crude oil prices between 2004 and 2014, there was a rush of exploration interest in the region.
Posted on : Monday , 12th February 2018
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