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Central Bank of Kenya policy team retains key rate at 8.5 per cent
Central Bank retained its benchmark-lending rate to commercial banks at 8.5 per cent for the third consecutive time.The banking regulator cited stability in the shilling exchange rate and a general decline in the prices of goods and services for holdRead More...
Recent discoveries in Kenya highlight oil and gas potential
Kenya’s run of geologic luck continues, following the announcement of the country’s fourth consecutive discovery of oil by the UK's Tullow Oil and Canada's Africa Oil. Similarly, while activity in the natural gas sector is proceeding at aRead More...
Major Clean Energy Projects Move Forward in Kenya, Sierra Leone
Two major renewable energy projects in Kenya and Sierra Leone took big steps forward this week in a boost to the sector in sub-Saharan Africa.Standard Bank Group said it had signed a deal with independent power producer Aeolus Kenya (AKL) to build a Read More...
Standard Bank Group finances $150m Kenyan wind farm
The independent power producer – also a member of the Power Africa initiative led by Barack Obama – aims to add 60MW to Kenya’s 1,672MW national power grid. In comparison, the UK had over 15.5GW of generation capacity in 2012.AeolusRead More...
Saving Power With Solar Geysers
A WELL designed and installed solar geyser system will save you 25-30 percent off your electricity bill and will give you peace of mind to know you will nearly always have hot water at the home, school, hospital or workplace. In Africa, we have an abRead More...
In Huge Step, Nigeria Takes Power Private
The Nigerian government handed over management of electricity generation and transmission to new owners on Friday, the latest step in the transformation of the country's power sector from a state-run monopoly to private ownership. The success and recRead More...
Russian firms eager to raise trade with South Africa
RUSSIAN companies are actively looking to set up value-added businesses in South Africa to lift the low but rising volume of trade between the two Brics (Brazil, Russia, India, China and South Africa) partners, Russian ambassador Mikhail Petrakov saiRead More...
S. African president lauds huge investment in diamond industry
South African President Jacob Zuma on Tuesday lauded a 20-billion-rand (about 2-billion-US- dollar) investment in the diamond industry, the biggest single investment in the diamond industry in decades.The investment "signals that indeed our mining seRead More...
Africa's industrial revolution
Transforming the economic structure of a country — let alone a continent — from a predominantly agrarian model to an industrial one is a challenge. Yet just such a shift holds the key to Africa’s future if the region wants to enhancRead More...
Airtel, Tanzania Postal Bank ink mobile money access agreement
Tanzania Postal Bank (TPB) and Airtel Tanzania have entered into a mobile money agreement, which allows the bank's customers to access financial services using Airtel Money. Airtel Tanzania managing director Sunil Colaso was quoted by thecitizen.co.Read More...
Private Sector Demands Role in Gas, Oil Business
THE fourth licensing round for the country's eight oil and gas blocks was launched in Dar es Salaam last Friday.Seven deep offshore oil and gas blocks in the South Eastern regions of Lindi and Mtwara and one in the North Lake Tanganyika were put on oRead More...
Business Boom On Dar es Salaam Stock Market
DAR ES SALAAM Stock Exchange (DSE) recorded a total turnover of 80.26m/- from 86,144 shares traded in 57 deals, a big boost from the previous session's 10.06m/- turnover accrued from 2,087,933 shares that changed hands in 64 deals.DSE daily market reRead More...
Sukup seeking trade opportunities in China
SHEFFIELD | At a meeting with Chinese officials Tuesday in Des Moines, Steve Sukup, the chief financial officer at Sukup Manufacturing in Sheffield, distributed business cards printed with English and Chinese characters.The company is looking for oppRead More...
China's growth rises to 7.8%, buoying markets
The Chinese government said Friday its growth in the July to September quarter was 7.8 per cent, as its economy rebounded from three quarters with no acceleration.The rebound was driven partly by a government "mini-stimulus" that pumped money into thRead More...
Apple Expands China Business, Moving Beyond Big Cities
Apple Inc. (AAPL) Chief Executive Officer Tim Cook is working to broaden the company’s distribution in China as a way to reignite growth after the iPhone maker reported its first decline in annual profit in at least a decade.Cook said Apple is Read More...
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