Kenya is Tanzania’s leading trade partner in East Africa. This is according to Tanzanian President Jakaya Mrisho Kikwete.
Posted on : Thursday , 22nd October 2015
The John F. Kennedy Memorial Medical Center in Liberia requires US$181m to reconstruct in a bid to give it original status before civil war erupted in the 1990s, Dr Bernice Dahn the Minister of Health has said.
Posted on : Thursday , 22nd October 2015
The European Union (EU) has pledged 540 million Euros to boost road construction in Ethiopia especially in rural areas for the next five years.
Mr Antonio Capone who is the infrastructure leader of EU delegation announced that the money will be used to continue what he referred to as “a remarkable expansion of road network in Ethiopia.” The country had 26,000km of roads in 1997 but as of last year it had 100,000km.
He observed that as a resu.... Read more »
Posted on : Thursday , 22nd October 2015
Information Technology giant Google has announced that it was buying 12.5 per cent stake in Africa’s largest wind farm that is the Lake Turkana Wind Power construction project in Kenya. Posted on : Thursday , 22nd October 2015
The IT firm has agreed to purchase the stake in the wind farm project in Kenya from the project’s third-largest investor Vestas, when it becomes operational in 2018.
Google is set to invest US$40,000 in Lake Turkana wind power construction project in Kenya.
KAMPALA, Uganda – Governments of Tanzania, Uganda, French firm, Total E&P (Uganda) and the Tanzania Petroleum Development Corporation (TPDC) have signed a Memorandum of Understanding for a crude oil export pipeline framework writes SAM OKWAKOL.
“If we can be able to get a least cost pipeline route to the East African coast, our crude oil will be exported cheaply,’’ Dr Fred Kabagambe-Kaliisa, the Permanent Secretary of Uganda&rsq.... Read more »
Posted on : Wednesday , 21st October 2015
GPB Global Resources, a Russian oil and gas company, is embarking on an oil exploration project in the Afar Regional State of Ethiopia.
The country’s Ministry of Mines, Petroleum and Natural Gas, and GPB Global Resources signed petroleum production sharing agreement whereby the company would prospect for oil in the Gewane-El Wiha block, in the Afar Regional State.
The exploration area is located in the Afar region in the north-eastern part of the country .... Read more »
Posted on : Wednesday , 21st October 2015
Kenya’s flower production now accounts for seven per cent of the world’s output, according to the latest statistics from the Kenya Flower Council (KFC).
And though the country is now ranked third after world leaders Colombia and Ecuador, the flower sector has had to face down numerous challenges to register growth in the last couple of years, according to KFC Chief Executive Jane Ngige. “The country’s flower industry’s growth has risen from zero .... Read more »
Posted on : Wednesday , 21st October 2015
Kenya plans to roll out Special Economic Zones (SEZs) which will enjoy lower taxes to boost the country’s investment profile.
Posted on : Wednesday , 21st October 2015
Kenya’s economy is expected to grow at 5.4 percent in 2015, recording an improvement over the 2014 growth rate of 5.3 percent, says a new World Bank Group economic report released today. The growth rate in 2016 is projected to be 5.7 percent.
Posted on : Wednesday , 21st October 2015
Louise Mushikiwabo, the Rwanda foreign affairs and cooperation minister was in Russia last week after being invited by her counterpart and host Sergey Lavrov.
According to a release at the close of her two-day visit, it was stated that they discussed a broad range of diplomatic issues in a bid to strengthen bilateral ties between the two countries.
Addressing a joint news conference afterwards the two foreign ministers said Rwanda and Russia have a lon.... Read more »
Posted on : Wednesday , 21st October 2015
Ministers from the East African Community (EAC) have signed a Cooperation Agreement on Trade Facilitation, Sanitary and Phytosanitary (SPS) Measures, and Technical Barriers to Trade (TBT) with the U.S. Trade Representative, Ambassador Michael Froman on 26 February, 2015 in Washington, D.C.
Posted on : Wednesday , 21st October 2015
Growth in the five East African Community Partner States—Burundi, Kenya, Rwanda, Tanzania, and Uganda—has been robust but uneven, with millions of people left behind in poverty. Women, youth, smallholder farmers, and the poor are not fully represented in policy making or implementation nor integrated into the wider economic community.
Posted on : Wednesday , 21st October 2015
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