Undersecretary of the Ministry of Commerce and Industry H E Sultan bin Rashid Al Chapter met with Deputy Minister of Trade and Industrialization of the Republic of Kenya H E Lawrence Karanja during the latter’s current visit to Qatar.
During the meeting, the officials touched on the bilateral relations between the 2 countries in the commercial, industrial and investment fields, as well as ways to enhance and develop them. Moreover, the officials discussed a.... Read more »
Posted on : Friday , 18th February 2022
Africa's Free Trade Area (AfCFTA) is expected to be a boon for the creative sector and generate jobs for the youth.
On 1 January 2021, trading under the African Continental Free Trade Area (AfCFTA) kicked off. The trade pact, which seeks to create a single market for goods and services and promote cross-border movement of capital and people, should boost intra-African trade, currently at only 18 per cent and regional integration.
It is also expe.... Read more »
Posted on : Friday , 18th February 2022
Tanzania has already disbursed some $80 million (about Sh184 billion) as a part of its commitment in financing the East African Crude Oil Pipeline (EACOP), The Citizen has learnt.
The director general of the Tanzania Petroleum Development Corporation (TPDC), Mr James Mataragio, said the parastatal oil company would have to pay a total of $308 million (about Sh708.4 billion) in the construction period covering the next 3 years.
The project cost, .... Read more »
Posted on : Thursday , 24th February 2022
Tanzania is moving cautiously in its lucrative natural gas deals with no end in sight of the Host Government Agreement (HGA) negotiations, which resumed recently but are set to take longer than expected.
Fresh discussions on the HGA over the multibillion-dollar project are being held in Arusha, northern Tanzania, after the negotiating teams finalised preliminary talks in November 2021.
After being in limbo for nearly 2 years, preliminary discuss.... Read more »
Posted on : Thursday , 17th February 2022
The 23rd edition of Medexpo Africa was inaugurated today by Prof. Abel N. Makubi, PERMANENT SECRETARY, Ministry of Health, Community Development, Elderly, Gender and Children in Dar es Salaam at the Diamond Jubilee Hall. The much awaited trade show is open from 10:00 AM to 6:00 PM for the public for 3 days till 19th of February 2022. This premier exhibition for the medical and healthcare industry is the one place to source new products, services and technology from around the world..... Read more »
Posted on : Thursday , 17th February 2022
In Kenya, the Kesses solar project has reached a new stage. Its financing has just been completed following a financial mobilization that attracted 2 investors. This is the case of Standard Bank which arranged the transaction. The South African bank is also providing $41 million in debt including a term loan, a VAT (value added tax) and a debt service reserve facility.
The bank will provide this financing through commercial banks CIB Bank and Stanbic Bank Kenya. T.... Read more »
Posted on : Wednesday , 16th February 2022
In Kenya, 3 suppliers of solar energy for productive use will be supported by the Clean Captive Installations for Industrial Clients in Sub-Sahara Africa (CCISA) program. This initiative is implemented by the United Nations Environment Programme (UNEP) to provide clean energy to industrial and commercial (C&I) customers.
As in most African countries, solar energy is gaining momentum in Kenya. The United Nations Environment Programme (UNEP) intends to rely on t.... Read more »
Posted on : Wednesday , 16th February 2022
The government through Kenya Railways Corporation, the national railway of Kenya that is also known as Kenya Railways, is set to spend close to US$ 40M to rehabilitate a total of 363 kilometers of old railway lines, which are currently dilapidated, vandalized, or overgrown with vegetation, in the country.
The lines include the 217km Nakuru-Kisumu meter-gauge railway (MGR), the 77.8km Gilgil-Nyahururu MGR branch line, and the 69.05 Kisumu-Butere section. Approximat.... Read more »
Posted on : Wednesday , 16th February 2022
Major Energy Company of Russia keen to invest in Ethiopia, Ministry of Foreign Affairs said.
The Ministry disclosed that one of the major energy companies in Russia, Energy solutions, electro technical holding company ERSO, has shown interest to invest in the energy sectors of Ethiopia.
Ethiopian Embassy in Russia has briefed investment opportunities in the Energy sector in Ethiopia for company's management recently that led by Mr. Goran Malbasi.... Read more »
Posted on : Tuesday , 15th February 2022
The Tanzania Electric Supply Company (TANESCO) is upgrading its power production stations to boost electricity generation in the country.
The power stations currently under extension include Kinyerezi I which will generate 185 MW and Ubungo III 112 MW.
Maharage Chande, Director General of TANESCO told journalists during a tour to inspect the work progress that to date power generation from Ubungo III has reached 60 MW which have already been con.... Read more »
Posted on : Tuesday , 15th February 2022
Nairobi - Kenyan President Uhuru Kenyatta has praised the country's strong bilateral ties with Hungary, stating that the relationship is primarily driven by economic cooperation, trade, and investment.
Kenyatta, on the other hand, bemoaned the low levels of commerce and investment between Nairobi and Budapest over the last five decades, despite the fact that the two cities had enormous commercial potential.
The balance of trade between Kenya and.... Read more »
Posted on : Friday , 11th February 2022
Kenya and the European Union have begun crucial negotiations to move their relationship beyond aid and toward long-term peace and development.
Kenya's Cabinet Secretary for Foreign Affairs signed a joint declaration in Nairobi with visiting EU top diplomat Josep Borrell Fontelles to formally begin discussions on a Strategic Dialogue, a guiding text that may steer relations to "shared issues."
Mr. Fontelles, the EU's High Representative for Forei.... Read more »
Posted on : Friday , 11th February 2022
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