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Africa Development Bank approves N30 billion loan for Nigeria's power sector
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| The African Development Bank (AfDB) on Thursday said it had approved $184.2 million loan to encourage private investments into the Nigerian power sector.The approval is contained in a statement issued by the bank and made available to the News AgencyRead More... |
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South African Company Wants to Build Cheap Phones Locally
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| Sub-Saharan Africa is one of the world’s fastest-growing mobile markets, and smartphones are becoming ever more popular. Though foreign brands dominate the sector, one South African company wants to create an affordable, locally produced deviceRead More... |
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Africa environment good for retail business
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| Irwin Barkan, Chief Executive Officer (CEO) of BGI LLC, a U.S-based real estate firm currently developing commercial properties in West Africa, says Africa is becoming an attractive market for mall developers and grocery retailers.He said that AfricaRead More... |
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Orthman opens plant in South Africa
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| To better meet agricultural needs in South Africa and the sub-Saharan region, Orthman said it has opened a product assembly plant and warehouse in Kempton Park, South Africa. It's the company's first overseas operation.
Based in Read More... |
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International Hotel Brands Blossom Across Africa
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| As international hotel brands build their presence in Africa, Marriott International is nearing an agreement to acquire the continent's largest native chain, a move that would nearly double its current distribution there.Several major brands during tRead More... |
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Bob Diamond could gain millions from new African investment venture
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| Bob Diamond, ousted as boss of Barclays last year after the Libor-rigging scandal, potentially stands to reap millions of pounds from a new stock market venture set up to acquire financial services companies in Africa.
The US banker, often criticiseRead More... |
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GE to supply turbines for Kenya's biggest wind-power plant
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| General Electric (GE) has won a contract to supply turbines to a Kenyan wind-power park, set to be sub-Saharan Africa’s largest wind-generation project outside South Africa, the US conglomerate said on Tuesday.
The 60.8MW Kinangop Wind Park isRead More... |
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Kenya Power invests Shs.200 million in CSR
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| Kenya Power has over the last seven years invested nearly Shs.200 million in communityKenya Power has over the last seven years invested nearly Shs.200 million in community projects under its corporate social responsibility programme.
Ag. Managing DRead More... |
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Global hotel chains invest millions in Kenya's hospitality industry
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| Hotel brands such as Kempinski, Emaar, Radisson Blu, Marriot, Park Inn Hilton and Lonrho have plans in place to construct hotels in Nairobi as Kenya positions itself as the financial, travel, and business hub of the East and Central African region.
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Kenya firms dominate Africa travel awards
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| Kenyan companies dominated this year’s Africa World Travel Awards held on Wednesday, raising the profile of the country as the region’s tourist hot spot.Serena Hotel Group, Kenya Tourism Board, Kenya Airways and Maasai Mara were some of tRead More... |
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Kenya bets on irrigation to boost food production
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| Kenya will have to invest more in irrigation to increase crop yield and reduce endemic food shortages. National Irrigation Board (Nib) Managing Director George Odedeh said irrigation is the country’s only hope to improve the food situation and Read More... |
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Growth to top 6%, says IMF
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| KENYA
Growth to top 6%, says IMF
Kenya’s economy would grow by 5.9 percent this fiscal year before accelerating to 6.3 percent in 2014/15, helped by better tax collection and credit growth, the International Monetary Fund (IMF) said yesterdayRead More... |
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Kenyan firm secures Tullow contract
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| As part of the agreement, Civicon will construct enabling infrastructure like well pads, access roads, airstrips, water supply and camps as and when required.
“Signing this contract is a show of faith by Tullow Oil in local indigenous companieRead More... |
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Kenyan firm secures Tullow contract
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| As part of the agreement, Civicon will construct enabling infrastructure like well pads, access roads, airstrips, water supply and camps as and when required.
“Signing this contract is a show of faith by Tullow Oil in local indigenous companieRead More... |
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World Bank head praises Kenya's private sector
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| The World Bank has praised Kenya’s private sector saying it is one of the most vibrant and dynamic in Africa. It also expressed strong commitment towards helping Kenya fast-track productivity and competitiveness of her economy. The bank’sRead More... |
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