Latest African business news, economy, corporate, markets updates

Construction of Batoka Hydro Power Plant to begin 2017

The construction of Batoka Hydro Power Plant in Zimbabwe is set to commence in 2017. The plant will be built on the Zambezi River along the Zimbabwe-Zambia border.

Zimbabwe’s Energy and Power Development Minister, Samuel Undenge, told journalists in Harare last week that the feasibility studies are expected to be completed by June this year.

“This is a joint project between Zimbabwe and Zambia and with the.... Read more »

Posted on : Friday , 22nd January 2016

East Africa: EAC Cited As African Trendsetter

The East African Community (EAC) has been cited as one of the growing blocs amongst the Regional Economic Communities (REC) in sub-Saharan Africa.

The Brookings Institution in its recent Foresight Africa 2016 report on regional integration in sub-Saharan Africa, said the EAC has implemented several joint infrastructure projects.

Among them is the Arusha-Namanga-Athi River Road, a road which runs from Tanzania to Kenya.... Read more »

Posted on : Friday , 22nd January 2016

Kenyan Entrepreneurs Tap Into Chinese Market

Edith Mbui's modest upbringing in a rural Kenyan village taught her the values of hard work, fortitude and commitment to causes that would have lasting impact on the wider society.

The retired mother of one pursued formal education with zeal and was among few young women who broke the glass ceiling to secure lucrative careers in the Kenyan public service.

While growing up in post independent Kenya, Mbui witnessed entr.... Read more »

Posted on : Thursday , 21st January 2016

Africa and China to build US$3.3bn port

Africa and China have signed a US$3.3bn deal to build a new transshipment port around 60km west of Algiers

portconstruction washingtonstatedeptoftransportation flickrAlgeria as a trade hub is rising in importance in East Africa, making it viable to build a port. (Image source: Washington State Dept of Transportation/Flickr)

The agreement was signed between Algeria’s transport ministry, China Harbour and Engineering Company (CHEC) and China State Con.... Read more »

Posted on : Thursday , 21st January 2016

Djibouti begins constructing first ever solar power plant

Djibouti has begun constructing its first ever solar power plant located in Grand Bara, in the south of the country aimed to cut the cost of energy and add 50 megawatts of power towards a capacity of 300 megawatts.

The US$ 390m project is as a result of a partnership between the Republic of Djibouti and Green Enesys, a German company specializing in renewable energy.

Energy Minister Ali Yacoub Mahamoud confirmed the r.... Read more »

Posted on : Thursday , 21st January 2016

Construction of Port Reitz/Moi International Airport Access Road launched

The construction of the US$ 31m Port Reitz/Moi International Airport Access Road in Mombasa, Kenya has finally been launched by President Uhuru Kenyatta and is expected to ease traffic by allowing faster flow of goods.

The project which is being implemented by the Kenya National Highways Authority (KeNHA) and overseen by TradeMark East Africa (TMEA) is being financed by the United Kingdom government and partly by the Kenyan government.

Posted on : Thursday , 21st January 2016

Rwanda Special Economic Zone Continues to Attract Investors

As Rwanda is the second easiest place to do business in Africa after Mauritius, as indicated by the World Bank's 2016 Doing Business report, its Special Economic Zone has continued attracting investors.

The Special Economic Zone program within the Rwanda Development Board (RDB) is designed to address domestic private sector constraints such as availability of industrial and commercial land, availability and the cost of energy, limited transport linkages,.... Read more »