Latest African business news, economy, corporate, markets updates

China transformational partner for African development: Kenyan expert

China has been a transformational partner from the standpoint of Africa's development, a Kenyan expert said on Thursday.

Prof. Lemma Senbet, executive director of African Economic Research Consortium, said China is playing a vital role in mitigating the resource curse in Africa by helping transform the natural resource comparative advantage into an advantage for sustained development.

"China has emerged as Africa's.... Read more »

Posted on : Friday , 12th August 2016

Tea output to increase by 13pc despite strikes

The agricultural industry regulator is bullish that Kenya’s tea output will hit over 450 million kilograms despite recent strikes that paralysed activities at the country’s tea companies.

According to Agricultural, Fisheries and Food Authority, the June and July strikes by 20,000 tea pickers in Bomet and Kericho counties over pay dispute are unlikely to cut the production forecast. “There is no change to the output forecast,” Agricultur.... Read more »

Posted on : Friday , 12th August 2016

Plans for Nairobi city road network laudable

At the weekly State House Summit yesterday, plans for the construction of a Sh38 billion overpass from Mlolongo suburb to Westlands and the imminent launch of a Sh15 billion light train between Jomo Kenyatta International Airport and the city centre were unveiled. These are key projects that will surely transform the lives of city commuters in a big way. And they couldn't have come at a better time.

Over time, Nairobi's population has grown exponentially.... Read more »

Posted on : Friday , 12th August 2016

President Uhuru Kenyatta's road dream for Nairobi road network

An elevated road with two lanes is part of President Uhuru Kenyatta‘s plan to decongest Nairobi. The Sh38 billion double-deck road between Mlolongo and Westlands that is set to be constructed from next year, when completed, will render the city‘s traffic nightmare a thing of the past.

Motorists would, however, have to pay every time they want to use it at toll stations. Transport Cabinet Secretary James Macharia expects.... Read more »

Posted on : Friday , 12th August 2016

Kenya to soon start refining crude oil in Mombasa

The country will start refining her first crude oil at the Kenya Petroleum Refinery in Mombasa in readiness for export.

To facilitate transportation from the Turkana oil fields, the Eldoret-Lokichar road is being upgraded at the cost of Sh3.2 billion.

Yesterday, President Uhuru Kenyatta chaired a special Cabinet meeting, which gave the nod to full exploration of crude oil discovered.... Read more »

Posted on : Friday , 12th August 2016

Tanzania to connect one million homes to power

Tanzania plans to spend $3.21 billion over the next five years to connect about one million rural households to electricity, a senior government official has said.

East Africa's second-biggest economy wants to use some of its natural gas reserves to end power shortages and boost industrial growth.

"The five-year rural electrification project whose implementation starts in this 2016/17 government financial year is e.... Read more »

Posted on : Tuesday , 16th August 2016

Kenya: Cancer Patients to Benefit From New Diagnostic Equipment

Patients can now access advanced breast cancer screening and treatment through a new diagnostic instrument that is capable of testing for seven other types of cancer.

This comes after the Health Ministry this week commissioned the immunohistochemistry analyser at the Kenyatta National Hospital (KNH).

Immunohistochemistry analysis is a method of detecting the presence and location of proteins in tissue sections, and is useful in tracking .... Read more »