Australia's Base Resources expects revenue from its Kenya titanium mine to climb 12 percent in its next financial year to June 2016 due to an 8 percent rise in export volumes, Managing Director Tim Carstens said on Tuesday. East Africa's largest economy is seeking to expand its relatively modest and undeveloped mining sector, and the flagship $305 million Base Resources project is seen as integral to that plan. Carstens told a conference call the company expected revenue of $140 mil.... Read more »
Posted on : Saturday , 24th January 2015
Government in conjunction with Netherlands firm set to put up ultra modern stadia in three counties
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Posted on : Saturday , 24th January 2015
Davos — The Government plans to provide electricity to at least 70 percent of Kenyans in the next three years, Deputy President William Ruto has said.
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Posted on : Monday , 26th September 2016
The newly appointed Tanzania Electric Supply Company (Tanesco) Board of Directors has pledged to fully support the country's power development projects and facilitate their early completion to tackle the existing electricity problems.
Read more » Posted on : Saturday , 24th January 2015
Commodities in Kilwa District have earned 200,000 US dollars (361.5m/-) from timber exports to Europe in the past ten years.
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Posted on : Saturday , 24th January 2015
Farmers' groups have been urged to export their produce to other African countries.
Posted on : Saturday , 24th January 2015
Kenya's mining revenues stood at Sh600 million in the first half of the 2014/2015 financial year, boosted by royalties from increased mineral exploration, Cabinet Secretary Najib Balala said yesterday.
Posted on : Saturday , 24th January 2015
NAIROBI (Thomson Reuters Foundation) - Kenya is moving to boost its solar energy capacity, with a new plant now under construction aiming to start producing electricity for the national gri.... Read more »
Posted on : Friday , 23rd January 2015
Norwegian paint maker, Jotun, has announced a Shs250million investment in Kenya as it strives to increase its market presence and grow its business in the country and East Africa region.
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Posted on : Friday , 23rd January 2015
China and Kenya have agreed to extend their ‘industrialisation partnership’ with a new focus on technology transfer and more Chinese involvement in infrastructure development.21 Jan 2015
Posted on : Friday , 23rd January 2015
Today Kenya is ranked as a middle income country with a Gross Domestic Product in excess of US$50 billion becoming the fourth largest economy in Sub-Saharan Africa behind Nigeria, South Africa and Angola. These three countries have massive natural resources. Kenya is joining this league with several oil and natural gas drills yielding fruits. Kenya is on the global map as a favourable investment destination in Africa.
Posted on : Friday , 23rd January 2015
Project in Uganda also involves steel production, plants making fertiliser and acid, a power plant and more
Posted on : Friday , 23rd January 2015
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