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Why Kenya is Africa's business hub
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| I was amused to learn that someone somewhere dreams that Botswana is the most business friendly country in Africa. What baloney.
This is part of a sinister conspiracy by our political detractors, one that has even seen our neighbours Uganda clRead More... |
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China backs 83MW Kenya plant
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| Kenya's CfC Stanbic Bank and China's ICBC Bank will finance a 83 megawatt thermal power plant in the African country costing $108 million, the Kenyan bank said overnight.
The heavy fuel oil plant will be built by private power company Triumph Kenya.Read More... |
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World Bank allocates $340m for Rwanda, Burundi, Tanzania dam project
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| The World Bank will provide $340 million in loan for developing a joint hydroelectric dam for Rwanda, Burundi and Tanzania, an official statement issued said Sunday.When completed by December 2020, the Rusumo hydroelectric dam will have a power supplRead More... |
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Major hotel chain set to open branded properties in key Tanzania tourist sites
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| After two years in the hotel business in Tanzania, Hyatt Hotels chain is set to open two branded hotels in key tourist sites - one in the northern tourist capital of Arusha and another in the Indian Ocean island of Zanzibar.Reports from Hyatt Hotels Read More... |
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Citizens Rural Bank records impressive gains
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| The Citizens Rural Bank, Nsawam, last year recorded a profit before tax of GH¢ 137,532.00 as against GH¢ 50,796 in 2011, showing a 100 percent increase.Mr Emmanuel Yevenyo, Acting Chairman of the Board of Directors, disclosed Read More... |
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Ghana Impresses Investors in Chicago
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| Potential and existing investors in Ghana were impressed by the representation made by the Ghana delegation to the 9th Biennial U.S. - Africa Business Summit organised by the Corporate Council on Africa (CCA) in Chicago.The two-hour “Doing BusiRead More... |
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Kenya County governments show strong presence at U.S.-Africa Business Summit
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| Moiro Omari had never been to the United States before but that did not stop him from taking the invitation to attend the U.S.-Africa Business Summit in Chicago seriously. Omari is the Cabinet Secretary in charge of trade at Kisii County in Kenya. ThRead More... |
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Ghana to become hub of drug production in Africa
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| An international consortium, including WHO is exploring the possibility of supporting Ghanaian pharmaceutical companies to fight the burden of diseases in Africa.The Consortium of Partners for the Implementation of the Business Plan for the PharmaceuRead More... |
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Kenya looks to boost exports
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| The IMF has predicted that Kenya’s current account deficit will improve this year, although its exports remain vulnerable to exogenous factors. As the government looks to boost its overseas sales, it must also work to encourage its two main traRead More... |
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Galaxy Note 3 with gear launched in Kenya
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| Samsung Electronics East Africa has launched the Samsung Galaxy Note 3 in Kenya, as part of an on-going global launch of the new smart phone in key markets. Kenya is the second country in Africa to host the launch of the Galaxy Note 3, after South AfRead More... |
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Allan Gray is ranked second richest African
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| The latest African rich list sees the first ever appearance in a list of super wealthy individuals by Allan Gray, the founder of South Africa’s largest privately owned asset manager of the same name.Publicity-shy Gray makes it to the number twoRead More... |
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Kenya invites bidders for power plants
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| KENYA has invited bids from investors to develop coal-and gas-powered plants to generate an additional 1,800MW.The bids are being submitted to the ministry of energy and petroleum in Nairobi, ministry principal secretary Joseph Njoroge said.
He saidRead More... |
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Kenya eyes huge bond issue for economic turnaround
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| Kenya hopes to raise close to $1.5 billion in an ambitious international bond issue aimed at revamping crumbling colonial-era infrastructure and accelerating East Africa’s largest economy.The hunt for liquidity from the global capital markets iRead More... |
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Africa's economy continues to grow strongly -World Bank
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| ECONOMIC growth in Sub-Saharan Africa (SSA) remains strong with growth forecasted to be 4.9 per cent in 2013, the World Bank said in its new publication, Africa’s Pulse.But notwithstanding, the world financial institution, in its report publishRead More... |
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Karuma, Isimba to boost Uganda's energy needs
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| The construction of Karuma and Isimba hydro power dams are expected to boost the availability of electricity in the country, and spur the much-needed seven per cent economic growth that Uganda is targeting in the medium term, government officials sayRead More... |
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