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World Bank shares green path with China
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| Economic growth target can be achieved as stabilizing signs have emerged, Kim saysChina is on the right track to push for economic reforms and tackle environmental pollution, and the World Bank will fully support the nation by providing solutions, WoRead More... |
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Tata Capital plans USD 300 mn Africa pvt equity fund
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| FLIC-EN-FLAC, Mauritius: Salt-to-software conglomerate Tata Group’s financial services arm, Tata Capital, plans to launch an Africa-focused private equity fund with an initial capital of about USD 300 million. The Tata group firm woulRead More... |
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Kenya expects 100,000 plus visitors from China by 2016
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| Kenyan tourism marketers expect arrivals from China, presently already standing at around 38,000 per annum (2012/13 FY figures) to rise significantly over the coming years. A recent trip by President Kenyatta to China, which strengthened bilateral reRead More... |
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Daimler launches India-made Fuso trucks in Kenya
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| German automobile major Daimler AG Friday said it has launched its Fuso range of trucks built at its Indian plant here in Kenya and soon the trucks would be sold in Sri Lanka.
In a statement issued here, Daimler India Commercial Vehicles Pvt Ltd (DIRead More... |
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South African businesses pour into Ghana
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| Exports of goods and services from South Africa into Ghana have grown from about US$138 million in 2010 to US$516 million in 2012. Products such as vehicles, machinery, mechanical appliances; electrical equipment, base metals, aircraft, vessels and aRead More... |
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Asco secures $100m oil services deal in Tanzania
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| Valued at $100 million (£63.3m), the three-year agreement to provide supply base services to BG is the largest yet for Asco’s Middle East and Africa (MEA) division.The contract will be operated out of the East African port of Mtwara and wRead More... |
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Tanzania looks to upscale renewable energy use
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| Tanzania has received endorsement from the Climate Investment Fund (CIF) of an investment plan which will help the country to scale-up the development of its abundant renewable energy resources. The plan is designed to transform the country’s eRead More... |
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Kenya trade fair targets 40pc growth
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| The 17th edition of Kenya International Trade Exhibition (KITE) 2013 is set to record 40 percent increase in growth compared to previous editions.Exhibition Manager Expogroup, organizers of KITE 2013 Neville Trindade, says exhibitors and trade visitoRead More... |
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Samsung invests $500 million in new China facility
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| Samsung Electronics Co Ltd will invest $500 million to build a packaging and testing facility in northwestern China, the official China Daily reported on Saturday, as South Korea's biggest company expands operations in China.
Samsung's new pRead More... |
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JCI's auto parts unit plans new sites in China
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| Johnson Controls Inc.'s auto parts unit plans to open 11 new manufacturing sites in China during the next few years to handle expected growth.The company's Plymouth-based Automotive Experience unit, which makes seats, electronics and interiors, now hRead More... |
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Tata Capital plans $300 mn Africa PE fund
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| Salt-to-software conglomerate Tata Group's financial services arm, Tata Capital, plans to launch an Africa-focused private equity fund with an initial capital of about $300 million.The Tata group firm would also look at utilising Mauritius as a platfRead More... |
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Emirates launches flights to Stockholm
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| Emirates Airline has expanded its European reach with the start of a daily service between Nairobi and Stockholm through its Dubai hub.Emirates Divisional Senior Vice President Commercial Operations, Hubert Frach says Stockholm is an important centreRead More... |
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Kenya on fast track to join world's exporters
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| Kenya is ready to join the ranks of oil producing nations, with shipments slated to begin in 2016.This means Kenya will become the first oil exporter in east Africa.East Africa has been experiencing a buzz of exploration, particularly since Tullow OiRead More... |
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Dubai's Al Futtaim Offers $86m For Kenyan Car Retailer
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| Dubai-based conglomerate Al Futtaim Group is eyeing its first investment in sub-Saharan Africa with an offer worth $86 million to take full control of Nairobi-listed car retailer CMC Holdings.Al Futtaim will offer 13 shillings ($0.15) per share for CRead More... |
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Nokia Lumia 625 with 4G now available in Kenya
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| Nokia has announced the availability of the Nokia Lumia 625 smart phone across East Africa, offering high speed connectivity with 4G and LTE capabilities. The Nokia Lumia 625, was officially launched for the South and East Africa markets last week inRead More... |
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