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Kenya: Sh605 Million for Bungoma Feeder Roads Project

The Bungoma county assembly has approved Sh605 million for rehabilitating roads in the county.

 
The funds are for the second phase of roads improvement scheduled to start in January.
 
Speaking in Bungoma town yesterday, Governor Kenneth Lusaka said the project targets mainly target feeder roads and roads within major towns that are in poor condition.
 
Lusaka said the county government is in the p.... Read more »

Posted on : Tuesday , 16th December 2014

German Solar/PV Business Delegation in Kenya and Tanzania

 

The Delegation of German Industry and Commerce Kenya organized the “Kenyan/ East African –German Conference on Solar PV”, held at the Southern Sun Mayfair on the 29th October. The Kenyan Ministry of Energy and Petroleum co-hosted this event.

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Posted on : Tuesday , 16th December 2014

East Africa: Indian Investment to Lead Trade Growth in East Africa

Increased trade between India and East Africa will be driven by private sector-led.... Read more »

Posted on : Tuesday , 16th December 2014

Vestas Receives Big Order for Kenyan Wind Power Project

International wind energy leader Vestas Wind Systems has announced that it has received an order to provide wind turbines for the 310 MW Lake Turkana Wind Power project in Kenya, Africa — a project that Vestas claims will be the largest wind power project in Africa upon completion.

.... Read more »

Posted on : Tuesday , 16th December 2014

Africa: CTIL Bags manufacturing Endorsement

 Coleman Technical Industries Limited (CTIL) has received the Standards Organisation of Nigeria's (SON's) endorsement to produce high quality voltage cables in the country.\

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Posted on : Tuesday , 16th December 2014

East Africa: Manufacturing Company to launch in forth coming months

 Medtech Ceramics Manufacturing Plc (MCM), a ceramic and sanitary ware manufacturer, is expecting the delivery of two ceramic manufacturing machines in three months, for the factory which could begin operation in 10 months. MCM was established jointly by Medtech Ethiopia Plc and Sheikh Faisal bin Al Qasimi, chairman of Julphar Gulf Pharmaceutical Industri.... Read more »

Posted on : Tuesday , 16th December 2014

Tanzania: Over 17 Billion Set Aside for new Investment Venture

 SOME 10 million US dollars (17.22bn/-) has been closed in escrow and up to 3,642,857 common share purchase warrants for an institutional lender that will provide money to develop Buckreef gold mine project jointly owned by Tanzanian Royalty Exploration Corporation (TRX) and State Mining Corporation (Stamico).

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Posted on : Tuesday , 16th December 2014

CAMAC Energy to Acquire 3D Seismic Offshore Gambia

CAMAC Energy has announced that its wholly owned subsidiary, CAMAC Energy Gambia Ltd has awarded a contract for the acquisition of a 3D seismic survey to Polarcus Limited covering approximately 1,504 km2 in the Company’s A2 and A5 blocks offshore Gambia.

 
CAMAC says that the objectives of the seismic survey are to enhance the definition and maturation of potential prospects in the blocks and provide high-quality sub-surface images that allow high-re.... Read more »

Posted on : Tuesday , 16th December 2014

More US firms now seeking to venture in Kenya s infrastructure and energy

A delegation of 10 US companies have last week met local investors in a bid to build investment networks in energy, infrastructure and agribusiness. The delegation of 15 representatives from the companies was led by Corporate Council for Africa, an American-based business lobby firm.

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Posted on : Monday , 15th December 2014

Tanzania Attracts 400 Indian Pharmaceutical Firms

At least least 400 leading Indian pharmaceutical companies see Tanzania, which has a population of just under 45 million, as a highly promising market they ought to capture.

 
Ashutosh Gupta, Vice Chairman of the Pharmaceuticals Export Promotion Council of India (Pharmexcil), said here last week that India ranks fourth globally in terms of pharmaceutical production volumes and 13th globally in domestic consumption value and that more than 100 pharmaceutica.... Read more »

Posted on : Monday , 15th December 2014

Indian Industry to begin operations in Africa

 CIL officials said that India would start receiving coal from the Mozambican mine within the next three to four years.

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Posted on : Monday , 15th December 2014

Mombasa Industry opens US$25mn factory in Kenya

 According to the company, the newly opened factory is part of the country's move to position itself and East Africa as a key investment hub in sub-Saharan Africa.

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Posted on : Monday , 15th December 2014



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