THE GOVERNMENT WILL LOOK INTO THE LAW REQUIRING FOREIGN INVESTORS TO PARTNER WITH LOCALS WHILE SETTING BUSINESS IN THE COUNTRY TO ENSURE IT IS NOT AN IMPEDIMENT TO INVESTMENTS, DEPUTY PRESIDENT WILLIAM RUTO HAS SAID.
Mr. Ruto said the law in the New Companies Act should be geared towards serving the interest of both foreign and the local investors.
“We will look for a way of correcting the situation so as to create a favourable climate for investments,&rd.... Read more »
Posted on : Thursday , 5th November 2015
A PREMIER JUICE THAT WAS ONCE READILY AVAILABLE LOCALLY IS SET TO GRACE SUPERMARKETS SHELVES IN KENYA FOLLOWING THE SIGNING OF AN AGREEMENT WITH A LOCAL FIRM.
The Masafi natural juice product portfolio will from this week be displayed due to fresh demand by local consumers.
This follows the signing of an agreement between Masafi East Africa and Masafi Co. LLC of the United Arab Emirates last week.
In the agreement, Masafi East Africa will solely .... Read more »
Posted on : Thursday , 5th November 2015
Namibian and Chinese investors have announced a plan to set up a cement plant at the cost of US$350mn near Otjiwarongo, Namibia
Posted on : Thursday , 5th November 2015
The board of directors of Africa Development Bank (AfDB) has approved funding of more than US$210mn to support road infrastructure projects in Tunisia
Posted on : Thursday , 5th November 2015
The construction of what is expected be the world’s biggest concentrated solar power plant in Morocco is ongoing. According to the World Bank, when complete the concentrated solar power plant in Morocco will supply electricity to 1.1 million Moroccans by 2018.
Posted on : Thursday , 5th November 2015
Posted on : Thursday , 5th November 2015
Chinese firm Sinohydro, has signed an infrastructure construction deal with Tatu City in Kenya. The deal will see the water, sewerage and temporary road works developed.
The agreement worth US$ 4m will cater for basic infrastructure that will supplement the first phase of the project and another seven-kilometre temporary road will be constructed to help facilitate ongoing construction activities.
“We are pleased to extend our co-operation with Sin.... Read more »
Posted on : Wednesday , 4th November 2015
Toronto listed junior Octant Energy Corp (CVE:OEL) has revealed its done a deal with the administrators ofAfren to buy oil and gas assets in Kenya and Tanzania.
It is acquiring two blocks in Kenya – L17/L18 and Block 1- and one asset, the Tanga Block, in Southern Tanzania.
The Canadian company says the acquisition is important for the development of the assets, as it sees them being taken on by a team with extensive regional knowledge
Read more »
Posted on : Wednesday , 4th November 2015
Cement manufacturer ARM Cement in Kenya has announced that it will launch a new technology in the production of cement, a move that will significantly reduce the cost of construction,the firm’s chief executive has announced.
Posted on : Wednesday , 4th November 2015
The Industrial Development Corporation this week hosted a Conference themed: "Driving South Africa's Competitiveness through Industrial Development."
Posted on : Wednesday , 4th November 2015
The Federal Government, yesterday, commissioned $150 million, about N30 billion, ultra-modern gas pipeline manufacturing plant.
Posted on : Wednesday , 4th November 2015
The North Rift Economic Bloc formed by eight counties is viable and will start exporting fresh produce, the chairman has said.
Posted on : Wednesday , 4th November 2015
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