The Japanese International Cooperation Agency (JICA) is providing the funding to the Kenya National Highway Authority (KeNHA) for the construction of the bridge project, which is estimated at US$1.3 billion (about 200 billion Kenyan shillings). JICA will fund 80% of the bridge project, with the Kenyan government covering the other 20%.
Principal Secretary for Roads Joseph Mbugua stated, "The Kenyan government is committed to ensuring the Mombasa Gate Bridge projec.... Read more »
Posted on : Wednesday , 31st January 2024
Kenya Power Generating Company PLC (KenGen), a key player in the nation's power generation, has welcomed expressions of interest for counselling administrations connected with the oversight and the board of the 42.5MW Seven Forks Solar based Photovoltaic (PV) Power Project. The initiative aligns with KenGen's commitment to improving the country's power generation limit.
The extent of administrations for the selected expert incorporates a far reaching s.... Read more »
Posted on : Wednesday , 31st January 2024
On January 11, the Lower Chamber of Parliament endorsed a regulation ratifying a $300 million (approx. Rwf380 billion) supporting understanding intended to subsidize a sustainable and eco-friendly energy project in the country.
The deal was signed among Rwanda and the World Bank’s International Development Association (IDA), on December 14, 2023, in Kigali.
As per the Service of Money and Monetary Preparation (MINECOFIN), the reception of.... Read more »
Posted on : Wednesday , 31st January 2024
The US government has awarded the Eastern Africa Grain Council (EAGC) a US$2 million grant for a three-year term through Feed the Future's support of TradeMark Africa (TMA) under USAID's Economic Recovery and Reform Activity (ERRA) program. The funds will boost the profitability of export-oriented East African staple food value chains.
Through the five-year ERRA US$75 million program, USAID and TMA are leading the way in enacting revolutionary trade and inve.... Read more »
Posted on : Wednesday , 31st January 2024
Nairobi — The United Kingdom has ensured a Sh9.6 billion credit from the African Improvement Bank (AFDB) to Kenya in climate financing.
This is after the nation was chosen as a beneficiary of the Transmission Network Improvement Project under the Room to Run Sovereign Transaction (R2RS).
British High Commissioner to Kenya Neil Wigan expressed that the assets will be utilized for power transmission network improvement.
".... Read more »
Posted on : Monday , 29th January 2024
FDI inflows to Kenya, Tanzania and Uganda soared to $13.3 billion in 2022, creating many jobs and boosting Uganda's oil and gas sector. Kenya attracted $2 billion and created 7,819 jobs with a 117% surge in investment inflows in one year.
Tanzania recovers from pandemic with $1.3 billion FDI and 4,566 new jobs in 21 projects.
The 20th annual study analysed the foreign investments by their location, source, type, size, and other factors.Read more »
Posted on : Monday , 15th January 2024
British Enterprise Projects Ventures Limited (EPV), a provider of food refrigeration solutions, has received a €5 million (US$5.4 million) finance commitment from InfraCo Africa, a member of the Private Infrastructure Development Group (PIDG).
The strategic investment will help EPV execute its ground-breaking "InspiraFarms Cooling" service in four sub-Saharan African countries: Kenya, Zambia, Zimbabwe, and Ghana. The service will concentrate on pre-cooling a.... Read more »
Posted on : Friday , 12th January 2024
Traders from all across Kenya congregate in Nairobi's Nyamakima shopping district, which is home to the nation's largest network of stores selling Chinese-imported electronics and electrical goods.
Shopkeepers distribute packages via bulk couriers to every region of the nation, including South Sudan and Uganda and they import goods in bulk from China to resell to other dealers.
The solar floodlights that are prominently exhibited in the maj.... Read more »
Posted on : Friday , 12th January 2024
Thanks to a water project established by County Woman Representative Donya Aburi and Kitutu Chache South Constituency MP Antony Kibagendi, thousands of households and students in Kisii County's periphery stand to benefit.
The Daraja Mbili elementary and secondary schools, the nearby market that serves the surrounding counties, the local dispensary, the butcher, and the locals will all benefit from the water project, which consists of a borehole and water tower for.... Read more »
Posted on : Wednesday , 10th January 2024
Ford Motor is the second-biggest American automaker in Kenya, and Caetano Kenya, a car dealership with Portuguese support, has stepped up its efforts to promote the sale of Ford vehicles there. This happens after a successful deal to distribute Ford cars solely in Kenya was signed.
This week saw the opening of a brand-new Ford Showroom on Mombasa Road by Caetano Kenya, a group of businesses owned by the Salvador Caetano group in Portugal. The showroom will act as .... Read more »
Posted on : Wednesday , 10th January 2024
Africa Healthcare Network (AHN), a leading provider of dialysis services in Africa, has received a $20 million equity and debt investment from Africa50 and AfricInvest, two leading African institutions, as well as Tokyo-based Ohara Pharmaceutical Co., Ltd.
The funding will allow AHN to expand more quickly and address significant gaps in the availability of high-quality, affordable renal care throughout Africa.
Africa50, the lead investor, invests in high-impact, .... Read more »
Posted on : Wednesday , 10th January 2024
As part of its commitment to planting and caring for up to six million trees in Kenya, AstraZeneca is utilising artificial intelligence's deep learning capabilities to guarantee the trees' long-term growth and enable significant health benefits for the surrounding populations. President of the African Cluster, Deepak Arora.
AstraZeneca has committed to planting as many as six million trees in Kenya as part of its flagship AZ Forest initiative.
<.... Read more »
Posted on : Monday , 8th January 2024
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