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Auto assembling plant in Kenya in the making

 Kenyan firm Bico has partnered with Liebherr which is a German heavy machinery maker to construct an assembling plant in Kenya in the capital Nairobi. The assembling plant in Kenya which is estimated to cost US$ 218m will see the assembly of road construction and agricultural equipment done in Kenya. The registered Kenyan company, Bico intends to produce at least 30 units of earth movers, water drilling machines and farm machinery such as tractors every month. “We have.... Read more »

Posted on : Tuesday , 22nd September 2015

Kenya seeks trade ties with Norway

Kenya and Norway are seeking close business ties to strengthen economic growth and create jobs in the two countries. A high-powered business delegation from Norway is in the country led by the nation’s Minister of Trade and Industry Monica Maeland to seek available business opportunities in Kenya. According to Kenya’s ministry of Foreign Affairs and International Trade, the volume of bilateral trade between the two countries increased steadily from $12 million (Sh 1.26.... Read more »

Posted on : Tuesday , 22nd September 2015

Athi River Mining says new clinker plant to boost profit margins

 Athi River Mining (ARM) Cement expects profitability to improve now that it produces its own clinker for its East African cement plants, the firm’s managing director has said. ARM Cement, East Africa’s second biggest producer after Bamburi cement, posted a pre-tax loss of Sh473.5 million ($4.5 million) in the first six months, which the firm blamed on unrealised foreign exchange losses associated with borrowing for its new clinker plant, a vital raw material for.... Read more »

Posted on : Tuesday , 22nd September 2015

Reconstruction of roads in Kenyan capital Nairobi to cost US$ 9m

Plans are underway to reconstruct several roads in Kenyan capital Nairobi at a  cost of US$ 9m, Governor Evans Kidero has announced, adding that the city roads will be repaired and this is according to the county government’s Nairobi Integrated Urban Development Master Plan. The reconstruction of roads in Kenyan capital Nairobi will significantly reduce present and future vehicle operating costs, journey times and improve traffic safety. The project construction will.... Read more »

Posted on : Tuesday , 22nd September 2015

Construction of Renaissance dam in Ethiopia in good course

The construction of Renaissance dam in Ethiopia is in good course,Dam project director, Simegnew Bekele has announced. Bekele said that the project is steady and they believe it will be completed within the stipulated time. The director added that they are making sure that the project is constructed to standards as they are currently using the latest technology that will ensure the dam last for ages. The construction of Renaissance dam in Ethiopia  is currently 47%.... Read more »

Posted on : Monday , 21st September 2015

Call for full exploitation of East Africas rice market

MEMBERS of the private sector and the government have been advised to consult each other and see how they can solve challenges that impede Tanzania to take advantage of the readily rice market in the East African countries. A Tanzania Private Sector Foundation (TPSF) consultant, Dr Halima Noor, told a news conference during a high level policy dialogue for rice value chain stakeholders that Tanzania was not utilising her potential in producing and selling rice in East.... Read more »

Posted on : Monday , 21st September 2015

Government urged to facilitate increased soybean production

The government has been urged to facilitate and put in place conducive environment that will enable more production of soybean in Tanzania. The call was made during the soya stakeholders' consultation meeting held in Dar es Salaam at the weekend organised by the Eastern Africa Grain Council (EAGC). The EAGC Country Director, Mr Julius Wambura, said it was high time for the government to put more efforts and make sure that the grain production rose for the good of farmers,.... Read more »

Posted on : Monday , 21st September 2015

Uganda Official says could pick Tanzania over Kenya for Oil Pipeline

Uganda’s government is still considering a pipeline through Tanzania to export oil if it proved cheaper than alternatives, an official said on Wednesday, even though the Ugandan president indicated last month that a route through Kenya had been picked. Ugandan President Yoweri Museveni and Kenya’s Uhuru Kenyatta made a joint call in August to implement a pipeline project via north Kenya “without further delay”, a decision seen as helping investors to decide.... Read more »

Posted on : Monday , 21st September 2015

U.S. ties approval of $472.8 mln Tanzania aid to graft fight

The United States told Tanzania on Friday it must do more to fight corruption if it wants to receive a $472.8 million financial aid package next year. Tanzania has made big discoveries of natural gas and hopes to start large-scale production within a decade, but investors in the east African nation of over 45 million people have long complained of graft. "Despite some efforts to address corruption, it remains a serious concern affecting all aspects of development and.... Read more »

Posted on : Monday , 21st September 2015

Kenya chosen Africas co-ordinator for FAO food standards

 NAIROBI: Kenya is the new Food and Agriculture Organisation and World Health Organisation co-ordinator for the Codex Food Standards programme for Africa. The country took over the co-ordination role from Cameroon, whose term ended in July. As a co-ordinator for Africa, Kenya will be responsible for defining problems and needs concerning food standards and food control for all Codex member countries in the continent. Other countries that have been appointed to co-ordinate for.... Read more »

Posted on : Monday , 21st September 2015

Kenya Government seeks funding for $150 mln project to expand power grid

 Kenya has announced a second $150 million project to expand its electricity grid to connect another 1.5 million people, with the head of its sole power distributor saying the country was in talks with the African Development Bank to help finance it. The project represents the second phase of a plan to add a total of 3 million people to the grid of the country, where around half of the 40 million population are not connected and many still use kerosene-powered lamps for lighting,.... Read more »

Posted on : Monday , 21st September 2015

KNBS notes rising demand of cement in Kenya as construction industry booms

 Manufacturers of cement in Kenya are racing to meet high demand of cement  in the wake of many infrastructure construction projects and booming real estate industry in the country, Kenya National Bureau of Statistics (KNBS) has observed.   According to statistics from the (KNBS), the production of cement in Kenya last year was 5.88m tones which is a 16 per cent increase compared to the previous year.   KNBS also said that between the period of January and.... Read more »

Posted on : Monday , 21st September 2015




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