|
Business boom sparks acquisition frenzy in Kenya
|
|
An improving business climate in Kenya has seen both listed and unlisted companies seek nod of the competition authority to acquire other firms locally.
Already, the watchdog has approved plans for six entities to undertake acquisitions in Kenya, Read More... |
|
Kenya Power to invest US$600 million in power network
|
| Kenya Power has announced it will invest US$600 million in strengthening its electricity distribution network to support heavy industrial and commercial use.
The company’s Chief Executive Officer, Dr Ben Chumo made the announcement while addreRead More... |
|
Transcorp, GE partner on Nigerian power
|
| Transcorp Ughelli Power Ltd, the power subsidiary of Transnational Corporation of Nigeria Plc (Transcorp), and General Electric (GE) have signed an agreement to expand the capacity of TUPL’s Ughelli power plant by1000MW over the next 3 to 5 yeaRead More... |
|
Gestamp to build wind tower manufacturing facility in South Africa
|
| Gestamp Renewable Industries (GRI), a wind industrial division of Gestamp, said that its South African wind tower manufacturing facility will become fully operational in the second half of 2014.
The company will begin wind tower manufacturing via itRead More... |
|
Ford creates Middle East, Africa business unit
|
| Ford Motor Co. is creating a fifth regional business unit comprised of nearly four dozen countries in the Middle East and Africa in an effort to stay ahead of the competition in one of the fastest-growing areas of the world.
The automaker for the fiRead More... |
|
Africa is open for business, says Zuma
|
| POTENTIAL investors focusing on Africa are in the "right place at the right time", with continued robust growth giving rise to the continent as the new growth frontier, President Jacob Zuma said on Monday.Mr Zuma made it clear that the continent was Read More... |
|
Bharti Airtel to restructure its operations in Africa
|
| Bharti Airtel plans to re-design its operations to align with a new management style that seeks to pursue more vibrant growth agenda in Africa.
A statement from the company’s Africa office headquartered in Nairobi stated that the re-alignment Read More... |
|
Davos sees potential of Africa, and SA's barriers
|
| As is the case every year many topics involving the global economy were discussed at the Davos summit of the World Economic Forum. This year, a focus on the acceleration of developed market gross domestic product (GDP) and its impact on emerging markRead More... |
|
How African businesses can overcome the technology adoption gap
|
| IBM today announced the results of a new study entitled ‘Setting the pace in Africa: How IT leaders deliver on the potential of emerging technologies’, which found that while nearly 87 percent of African IT leaders rank new technologies sRead More... |
|
Ford creates Middle East, Africa business unit
|
| Ford Motor Co. is creating a fifth regional business unit comprised of nearly four dozen countries in the Middle East and Africa in an effort to stay ahead of the competition in one of the fastest-growing areas of the world.
The automaker for the fiRead More... |
|
Tanga Oil Exploration Starts Soon
|
| A UNITED Kingdom (UK) oil company known as AFREN will start exploration of oil and gas in the Tanga coastal strip starting next month.
This was announced here over the weekend by Tanga Regional Commissioner Ms Chiku Gallawa at a press conference.SheRead More... |
|
Kenya moves closer to getting commercial oil
|
| Kenya has moved closer to striking commercially-viable oil after Tullow Oil made new discoveries in the northern part of the country.The company announced on Wednesday that it had made discoveries at Amosing-1 and Ewoi-1 in Block 10BB in northern KenRead More... |
|
Ophir Energy strikes dry well in Tanzania
|
| High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additionalRead More... |
|
Tanzania Electricity Supply to Improve
|
| Felchemi Mramba, the acting Managing Director of Tanzania's electiricty utility, TANESCO has said power rationing was eased last year following the improvements of gas supplies at the Songosongo generation plants to Dar es Salaam.Speaking late last yRead More... |
|
150 Mw Gas Power to Reach Dar Mid-2014
|
| SOME 150 megawatts of natural gas generated electricity will be produced at Kinyerezi in the outskirts of Dar es Salaam by mid this year, as part of implementation of Big Results Now (BRN) initiative.The Deputy Managing Director of the Tanzania ElectRead More... |
|
|
