Latest African business news, economy, corporate, markets updates

Movenpick Advance Growth Agenda in East Africa

Movenpick Hotels and Resorts have begun with the construction of an upscale 160-key Hotel in Abidjan.

The foundation was laid on October 7th with the hotel set to open in 2020. This new development will further the Swiss hospitality firm’s agenda in the Sub-Saharan region.

This will be the company’s first property in Côte d’Ivoire with four other active projects upcoming in the region. The others being Move.... Read more »

Posted on : Friday , 13th October 2017

Agricultural Sector in Kenya to Receive a Boost

Kenyan President Uhuru Kenyatta has revealed his plan for improving food security and also measures to assist farmers with issues regarding climate change and drought.

The president has also revealed that the government will spend as much as Sh 6 billion on purchasing maize from farmers under the conditions of the food security reserve in 2017/18 season. This will be done to see that the prices of flour remain affordable throughout and to fight hun.... Read more »

Posted on : Friday , 13th October 2017

Oil Discovery in Kajiado is God's Blessing Says Lenku

An exploration process is set to begin in the village of Kajiado’s Inkokirding’a after the discovery of gas in the region last week.

George Igunza, A Senior Geothermal Development Company geochemist made the announcement on Tuesday; he also revealed that a gas sample from the borehole at a farm in the Kipeto plateau had undergone analysis successfully.

The analysis revealed the presence of pure methane.... Read more »

Posted on : Friday , 13th October 2017

UNAIDS - Occupational Safety in Medical Sector of Prime Importance

UNAIDS Country Director for Kenya, Janine Jacobi has called for reinforcements in the country’s workforce to put an end to HIV as a major public health threat by 2030.

Jacobi also spoke about the stigma and discrimination that health workers, infected by HIV face today while also revealing the good work done by UNAIDS and their partners to solve this issue. Jacobi made these remarks at a forum to discuss occupational hazards, safety, and health of doctors and medical s.... Read more »

Posted on : Thursday , 12th October 2017

German Company Wilo to Open Shop in Kenya

Wilo, A German Water Pumps, and pump systems manufacturer will soon open an assembly plant in Nairobi, Kenya. The plant will be expected to serve the needs of the whole East African market.

The firm’s Country Manager Belete Asnake confirmed that the plant will be fully functional by 2020. He also revealed that the firm’s regional office currently hires 20 people but that number is expected to rise rapidly with the company targeting a 25.... Read more »

Posted on : Thursday , 12th October 2017

A Million More Homes To Gain Access To Power in Kenya and Uganda

One million homes in Kenya and Uganda will gain access to electricity, thanks to a number of investors’ raisings Sh 8 billion in collaboration with the UK government to finance a new solar project.

Kenya based solar kit reseller, M-KOPA Solar announced that the initial payments were made through Dutch Development Bank FMO (Sh 1.3 billion), UK Investment Agency CDC (Sh 2 billion), Norwegian government’s Nor fund (Sh1.3 billion) and.... Read more »

Posted on : Thursday , 12th October 2017

Vision City Project Transforming Rwandan Real Estate

Private Real Estate Company Ultimate Developers Ltd is proactively transforming the property business in Rwanda.

UDL is directly responsible for the socio-economic transformation of many Rwandans through the work they have done with the Vision City project. Vision City is the biggest residential housing project undertaken in Rwandan history.

The project will be situated in the Uptown neighborhood of Gaculiro. This is a prime.... Read more »