Major plans are underway to boost the capacity of micro, small and medium-sized enterprise players to enable them leverage on the African Growth and Opportunities Act (Agoa) through exports to the US market.
Posted on : Monday , 23rd November 2015
Isuzu’s Nigerian dealer Koncept Autocentre Limited has stated that it will commence the assembly of Isuzu vehicles from Q2 2016
Posted on : Saturday , 21st November 2015
Kenya plans to reform its company law in order to allow foreign firms to establish local branches that can own 100 percent, a senior official said on Monday.
Posted on : Saturday , 21st November 2015
The Bishoftu Automotive Industry announced that it is planning to build new 27 automotive engineering zones throughout the country in the coming years.
Posted on : Saturday , 21st November 2015
The French Development Agency (AFD) under the SUNREF programme has pledged to help in boosting energy efficiency in Uganda, the country’s Commissioner for Energy James Banabe has said.
AFD which seeks to finance green projects, has earmarked $13 million to fund companies looking to implement energy efficiency in Uganda by financing equipment and measures.
He said that approximately 64% of the electricity generated in Uganda is majorly used b.... Read more »
Posted on : Saturday , 21st November 2015
Leading global solar firm Scatec is now planning to invest over $600m for the construction of solar projects in Egypt over two years.
The firm’s senior Vice President Terje Osmundsen said they are looking forward to building more solar projects in Egypt aimed at addressing the country’s power shortage.
He added that as the sun is very stable from morning to evening, plenty of solar power can be generated in Egypt. These investments will crea.... Read more »
Posted on : Saturday , 21st November 2015
A special committee involving construction regulators has been formed to help look into challenges surrounding issuance of construction permits in Kenya that have been dragging the country down in global business competitiveness.
The committee will look into the nature of construction permits Kenya and related challenges.
The team will then advise on whether the permits should be simplified or eliminated going forward, depending on their relevance.... Read more »
Posted on : Saturday , 21st November 2015
TANZANIA TELECOMMUNICATIONS COMPANY LIMITED (TTCL) HAS EMBARKED ON A MAJOR NETWORK TRANSFORMATION THAT WILL ALLOW CONVERGENCE OF MOBILE AND FIXED ACCESS OPERATIONS.
The transformation, also geared to meet growing demand for bandwidth with high-quality and affordable services under the deal inked between TTCL and Alcatel-Lucent.
According to TTCL, the three years frame agreement penciled in South Africa, will see Alcatel-Lucent’s IP and optical technologie.... Read more »
Posted on : Friday , 20th November 2015
Solo Oil is pleased to announce that it has reached agreement with Aminex plc to farmout a 12.5% net working interest in the Ruvuma Petroleum Sharing Agreement in Tanzania to Aminex in a back-to back agreement which will see Bowleven plc, an AIM listed oil and gas company, join the Ruvuma PSA joint venture with a 50% net working interest.
Solo will receive from Aminex a total consideration, in the form of a carried work program contribution and production bonus paymen.... Read more »
Posted on : Friday , 20th November 2015
Four industrial parks in Ethiopia will be constructed in the next two years that will cost US$ 2bn, a senior government official has confirmed.
Posted on : Friday , 20th November 2015
Ugandan firm Pearl Dairy Farms has announced plans to construct a dairy factory in Kenya that will be tasked with production and repackaging of milk products. The factory to be constructed in the capital Nairobi is aimed at growing Pearl’s market share in the region.
Posted on : Friday , 20th November 2015
Construction industry in South Africa should strengthen and emerge as a major player in Sub-Saharan Africa, an expert from research firm McKinsey Global Institute has said.
Posted on : Friday , 20th November 2015
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