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Striking 'black gold' to change Kenya's fortunes
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| After walking the long and difficult journey for nearly six decades in search of oil and gas deposits, Kenya announced its first successful discovery this year in Turkana and offshore, a major milestone for the country.
The discovery of abouRead More... |
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Tanzania set to become top buyer of Kenyan goods
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| Tanzania looked set to start the year as the second largest destination for Kenyan goods after Uganda even as Chinese and Indian products flooded its market.
Official data shows that Tanzania’s consumption of Kenya’s exports wentRead More... |
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More gas found off Tanzania
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| Norwegian energy firm Statoil found more gas offshore Tanzania, its third discovery in the country this year, putting it closer to having the resource needed to make commercial development viable.
Statoil and partner ExxonMobil found more gaRead More... |
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Public Embraces Digital Migration
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| AS Tanzania's business capital officially migrates from analogue to digital technology tonight, the country's coverage of the same has already reached 23 per cent while targeting to reach 100 per cent come 2015.
Tanzania Telecommunication ReRead More... |
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Al Ansari offers mobile remittance to Kenya
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| UAE-based Al Ansari Exchange, a leading remittance company, recently signed an agreement with FSI Capital, a leading provider of financial solutions in Kenya, to launch a mobile money transfer facility.
With the launch of the Mobile Wallet RRead More... |
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S&P credit rating boosts Treasury's bid for euro bond
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| The Treasury’s plan to access international markets for funding through a sovereign bond received a shot in the arm following an affirmation of Standard and Poor’s B+ rating for long-term foreign borrowing and a B rating for short-term loRead More... |
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Sudan's oil production rises to almost 140,000 bpd
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| Sudan has managed to boost oil production to almost 140,000 barrels per day and plans to add another 10,000 bpd next year, its oil minister said on Saturday after the African country launched a new oilfield.
Sudan has been stepping up oil and gas exRead More... |
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Chinese firm to take over key African iron ore mine
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| The Xinhua news agency quoted officials at the privately owned Hanlong as saying on Friday that the acquisition process was to start on February 26 and end March 1 after the submission of documents to Australian authorities.
Sundance ResourcRead More... |
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Africa has joined the party - in a big way
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| The story of Africa today tells us that sometimes it is better to be a late starter than to be a pioneer. Pioneers, as they used to say in the era of cowboys and Indians, get all the arrows.
A generation ago people in the old worRead More... |
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Afro-business success relies on meaningful partnerships
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| Attention is on Africa as the new business destination of the world. But, without guidance on the ground, grand business plans can decay into regrettable adventures.
Africa’s economies have been called ‘lions on the move’. Read More... |
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WB forecasts 5pc growth for Kenya economy in 2013
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Kenya will register economic growth of about 4.3 per cent this year but this will rise to five per cent next year, the World Bank said earlier Wednesday.
This year’s estimated growth however is similar to last year’s of 4.4 per cenRead More... |
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'Strong growth opportunities in Africa'
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| strong growth opportunities in Africa.
For instance, Value Group CEO Steven Gottschalk said in the transport company’s interim results in October that he aimed to benefit from "the substantially higher growth rates achieved acrossRead More... |
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Nation Earns U.S.$305 Million From Extractive Industries
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| DAR ES SALAAM, Tanzania's compliance with the Extractive Industries Transparency Initiative (EITI), which promotes greater transparency and accountability in managing oil, gas and mining sectors, is a milestone for the country's economic growth prospRead More... |
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American Oil Firm Eyes Rwanda
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| General Electronics, an American multi-billion firm is eyeing Rwanda for investments in energy, healthcare and oil exploration related business, the company's Africa President, Jay W. Ireland has revealed.
GE with expertise in oil and gas exRead More... |
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New study analyzes and forecasts emerging countries' power markets
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| Power markets are becoming increasingly buoyant the world over, especially in India and China. Expansion in business activities in emerging markets, along with changing consumer lifestyles and a rise in consumer disposable incomes, stimulates the demRead More... |
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