Construction work for the long awaited multi-billion cement processing factory project at Sebit in West Pokot County will kick off early next year, company officials have confirmed. Cemtech limited, a subsidiary of India's Sanghi Group of companies will begin construction work for the Sh 12 billion factory after approval by engineers who had earlier raised queries over its site among other issues. Residents, some of whom expected to benefit either directly or indirectly with t.... Read more »
Posted on : Thursday , 24th September 2015
TRADE Mark East Africa (TMEA) has pledged to support Tanzania to capitalise on its comparative advantage on rice production by increasing sales of the commodity in the regional markets.
The TradeMark East Africa (TMEA) Country Director, Dr Josephat Kweka, said in Dar es Salaam at the high level policy dialogue for rice value chain stakeholders in the EAC Common Market that although Tanzania leads in rice production it was still not able to take advantage of the readily availa.... Read more »
Posted on : Thursday , 24th September 2015
The Kenya Revenue Authority aims to fully automate its goods clearance and cargo tracking systems within two years as part of a strategy to seal revenue loopholes.
The country losses substantial revenue through suspected under-declaration of the value of exports or theft of cargo at a time when the taxman is under pressure to meet collection targets.
KRA targets a 100 per cent coverage of goods under electronic control by 2017/2018 from a current baseli.... Read more »
Posted on : Thursday , 24th September 2015
As the curtains came down after a successful and exciting Three-day interiors exhibition at the Big3Africa 2015, at the KICC, Nairobi, Kenya one thing came out clearly. Not only are the lifestyles, tast.... Read more » Posted on : Thursday , 24th September 2015
China recently endorsed a new deal with the Kenyan government to extend the Mombasa-Nairobi Standard Gauge Railway (SGR) line to Naivasha. This was a follow-up to the $13.8 billion project that started in January, which is aimed at easing and increasing transport capacity in Kenya vis-a-vis other East African countries. It will also aid interconnection and regional integration, the outcome of which will be economic development for Kenya and neighboring East African countries.
.... Read more »
Posted on : Thursday , 24th September 2015
Cemtech Limited is set to commence in January the construction of a US$ 95m cement plant in Kenya in West Pokot County.
The feasibility study for the project which was commissioned in 2010 by the Kerio Valley Development Authority (KVDA) shows that the area has large limestone deposits with the possibility of producing 1.2 million tons of cement annually.
Cemtech’s General Manager, Diptish Nandha confirmed the news and said that they have finalize.... Read more »
Posted on : Thursday , 24th September 2015
East Africa has its first boutique Insurance Intermediary Company set up to provide niche and specialist insurance solutions to oil and gas exploration firms and their contractors.
Underwriting Africa whose headquarters are based in Nairobi has among its Reinsurance Partners Swiss Re with other brokerage partners in London and Paris.
On the oil and gas front the company will fill a gap that has been void in the local space allowing the importation of sp.... Read more »
Posted on : Thursday , 24th September 2015
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Posted on : Thursday , 24th September 2015
Five solar power projects, valued at a total of US$250mn, have been licensed by the Zimbabwe Energy Regulatory Authority (ZERA)
Posted on : Wednesday , 23rd September 2015
USA-based Randgold Resources Limited and South Africa’s AngloGold Ashanti Limited have have decided to form a joint venture to redevelop and operate AngloGold Ashanti’s Obuasi gold mine in Ghana
Posted on : Wednesday , 23rd September 2015
Kenya is among 12 countries set to benefit from a new initiative that is aimed at strengthening science, technology and innovation in Africa. The Science and Granting Councils Initiative in Sub-Saharan Africa will offer opportunity to member states to boost their science systems to support national and regional development. Although many African countries still face major hurdles in funding research, the Government expressed its commitment in supporting the initiative. “I wish.... Read more »
Posted on : Wednesday , 23rd September 2015
The manufacturing sector will benefit from Sh23 billion boost after a Kenyan firm Bico partnered with German machinery maker Liebherr Group to establish an assembly plant in Nairobi. Speaking in Kilifi, Bico-Liebherr founder Andrew Malunga Buraje said they are finalising the necessary investment documentation before the plant is put up in Nairobi towards the end of this year. "We have put pen to paper and partnered with Liebherr Limited who are manufacturers of heavy machinery .... Read more »
Posted on : Wednesday , 23rd September 2015
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