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The Ethiopian government is finalizing plans of setting up a giant corporation that will be involved in exploration, development and trading of petroleum, the exploration and development of minerals and the development of bio- fuel dubbed Ethiopian Minerals, Petroleum and Bio-Fuel Corporation with an authorized capital of $675 million.
Posted on : Tuesday , 18th October 2016
There is a clean future without coal-fired power stations in South Africa. It is a future in which wind and solar plants feed power into the national grid for 80% of the year. These will be backed up by gas-fired generators. But the dangers of getting that gas out of the ground means a patient process has to be followed to answer any questions and quell concerns.
Posted on : Monday , 17th October 2016
Government and the Kingdom of Belgium have signed a financial agreement to support the health sector.
Posted on : Monday , 17th October 2016
The East African Legislative Assembly (Eala) has tasked regional member countries to allocate more resources into the agricultural sector.
Posted on : Monday , 17th October 2016
Statistics indicate that within Africa, Kenya is the second largest destination for Foreign Direct Investments standing at 12.6 per cent compared to South Africa’s 17.1 per cent.
Nairobi as a City has fared even better, now sitting prettily in position one across Africa having overtaken Johannesburg.
Kenya has done well in the last two years on this account – in fact very well indeed bearing in mind the significant turbulence.... Read more »
Posted on : Saturday , 15th October 2016
Catalyst Principal Partners, a Kenyan private equity firm, has bought a controlling stake in Tanzanian pharmaceutical company Zenufa Laboratories.
The acquisition of Zenufa is Catalyst’s fourth investment in Tanzania and second investment in the healthcare sector. In 2014, it acquired Kenya’s Mimosa Pharmacy, which was later rebranded Goodlife Pharmacy and has rolled out across the region.
The $125 million (Sh12.5 billion) private equity f.... Read more »
Posted on : Saturday , 15th October 2016
As Mega wind farm in Kenya which is the Lake Turkana Wind Power Project- rises from the arid landscape of northwest Kenya’s Marsabit County,one thing is certain-the wind project will not only transform the country’s energy prospects but Africa’s energy landscape.
Seen as a viable project, technology giant Google announced that it was buying 12.5 per cent stake of Africa’s largest wind farm that is the Lake Turkana Wind Power constructio.... Read more »
Posted on : Saturday , 15th October 2016
Akon has received over 1 Billion dollars in investment from China for his 'Lighting Africa' initiative. Hip Hop Star Akon received the investment when both Europe and the USA turned him down. The new investment will help 'Lighting Africa' initiative bring education and the means for Africa to build their own economy without the exploitation from foreign countries.
Posted on : Saturday , 15th October 2016
Chandaria Industries is currently planning to construct a US$ 50m toilet paper manufacturing plant in a move to double its monthly output for toilet rolls and tissue products.
The initiative came to birth after the family owned company acquired 29 acres of land at Tatu Industrial Park, where the new factory will be constructed.
Chandaria Group Chief Executive, Mr. Darshan Chandaria confirmed the news and said that once completed, the new.... Read more »
Posted on : Saturday , 15th October 2016
A total of Six South African construction firms will contribute a total of 1.25 bn rand ($90 million) in the next 12 years towards a fund kitty towards skill development in the construction sector and give black workers a much bigger role, a cabinet minister said recently.
Ebrahim Patel, the Economic Development Minister said this voluntary contribution by the construction companies would be in addition to a 1.4 bn rand (US$98.1mn) penalty that was introduced .... Read more »
Posted on : Saturday , 15th October 2016
The printing inks market in South Africa is highly fragmented and the top six companies cumulatively accounted for more than 60% in 2015. These companies are New Africa Inks (Pty) Limited, Constantia Printing Inks, Hi-Tech Inks (Pty) Ltd., Flint Group South Africa Ltd., Hostmann-Steinberg South Africa (Pty) Ltd., and NUtec Digital Ink (Pty) Ltd. Transparency Market Research finds that the penetration of global players is likely to create stiff competition for the domestic play.... Read more »
Posted on : Monday , 17th October 2016
Dar es Salaam — The government has received a grant of Sh97 billion from China in support of development of education, seaports, health and airline security.
Posted on : Saturday , 15th October 2016
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