Power infrastructure in the East African countries of Uganda, Kenya, Tanzania and Rwanda is inherently connected to their economic growth. As urbanisation and industrialisation fuel the need for electricity in cities, the demand for electricity in East Africa is expected to grow at approximately 5.3 percent per year until 2020. To meet these requirements, generation capacity would have to increase by 37.7 percent in Uganda, 96.4 percent in Kenya, 75.3 percent in Tanzania and 1.... Read more »
Posted on : Wednesday , 6th August 2014
East Africa would be the next major oil and gas play on the continent, professional services firm PwC Africa Oil & Gas Advisory senior manager Derek Boulware said
Posted on : Wednesday , 6th August 2014
Seeking to strengthen America's financial foothold in Africa, President Barack Obama announced $33 billion in commitments Tuesday aimed at shifting U.S. ties with Africa beyond humanitarian aid and toward more equal economic partnerships.
Posted on : Wednesday , 6th August 2014
Huhtamaki will acquire Positive Packaging for $336m, with the sale expected to be complete by September.
Posted on : Wednesday , 6th August 2014
VENTURES AFRICA – Africa’s richest man and king capitalist, Alhaji Aliko Dangote has pledged to invest $1 billion (N165 billion) in Nigeria’s commercial rice farming; making it the largest single investment ever made in rice production on the continent.
Posted on : Wednesday , 6th August 2014
The World Bank’s Board of Executive Directors today approved monetary support to the Government of Kenya effort to create new jobs and increase competitiveness in the light manufacturing sector through the development of industrial zones and enhancing linkages with the local economy.
Posted on : Wednesday , 6th August 2014
While Kenya has made tremendous progress recently by reducing child mortality and getting more children into school, new data published today suggest that raising the quality of public education and health services is essential to build on these gains. Otherwise, far too many children will attend school without learning enough and too many patients leave clinics without the right treatment.
Posted on : Wednesday , 6th August 2014
They export BMWs and birdseed and plenty in between. Their middle class is growing fast enough to draw the likes of Marriott and Walmart. China, Europe, Japan and the U.S. are vying to build roads and power plants there.
No longer is sub-Saharan Africa - long a symbol of war, famine and corruption - an economic basket case. Six of the world’s fastest-growing economies are there. Higher oil prices, richer consumers and sounder governments have raised so much inte.... Read more »
Posted on : Wednesday , 6th August 2014
The Coca-Cola Company (KO), along with its bottling partners, will invest $5 billion in Africa over the next six years. This will bring Coca-Cola’s total investment in the continent to $17 billion –from 2010 to 2020-. The latest announcement was made in the US-Africa Leaders’ Summit.
The investment will be used to fund new manufacturing lines, cooling and distribution equipment, and will also be used to improve production capacity. Furthermore, key s.... Read more »
Posted on : Wednesday , 6th August 2014
Canadian explorer Africa Oil Corp. and its partner Tullow Oil are likely to bring in a third partner to help develop their oil discoveries in northern Kenya, Africa Oil’s chief executive officer said.
The firms discovered oil reserves in Block 13 T and Block 10 BB in northern Kenya’s South Lokichar Basin, estimated at a combined 600 million barrels.
Experts say those reserves are enough to make a pipeline viable even without factoring in cru.... Read more »
Posted on : Wednesday , 6th August 2014
Specialized Power Systems Kenya, a major distributor of power and energy products represented IREM SpA, a reputed Italian manufacturer of electrodynamic and electronic voltage regulators and line conditioners in indoor and outdoor version with power ratings from 1 up to 3300 kVA.
IREM products are exported world-wide and are highly appreciated in those applications where quality, reliability and sturdiness are irremissible, like e.g. broadcast, telecommunication, electromed.... Read more »
Posted on : Tuesday , 5th August 2014
China’s Kerui Group which specializes in trading, oil exploration development and renowned as the key manufacturer and supplier of heavy duty equipment extensively used in petroleum exploration and delivery is eying Kenya as the next base of its operations for the East African region.
The company already has a presence in 49 subsidiary offices is already present in a number of African states including its largest market Algeria, Libya, Niger, Cameroon, Gabo.... Read more »
Posted on : Thursday , 7th August 2014
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