N e w s

Oil & Gas: Kenya finalises agreement for development of crude oil pipeline

 Kenya has finalised an agreement with oil explorer Tullow Oil and its partners Africa Oil and A.P. Moller-Maersk for the development of a crude oil pipeline, as it bids to become an oil exporter, the president's office said. Tullow and Africa Oil first struck oil in the Lokichar Basin in the country's northwest in 2012. The recoverable reserves are an estimated 750 million barrels of crude.    The two firms were 50-50 partners.... Read more »

Posted on : Monday , 12th September 2016

Nairobi County receives a mobile clinic under the Beyond Zero Campaign

 The Cabinet Secretary for Health, Dr. Cleopa Mailu has hailed the Beyond Zero campaign for catalyzing positive changes on the faces of Kenyan mothers and children. Speaking during the handover of the 47th Mobile Clinic to Nairobi County by H.E the First Lady Margaret Kenyatta today at State House, the CS disclosed that over 5,000 Kenyans have benefited from Beyond Zero clinics across all the Counties.   ‘’These clients.... Read more »

Posted on : Monday , 12th September 2016

Tanzania Exports Increase by 8.4% in Year Ending June 2016

 The Bank of Tanzania (BOT) Monthly Economic Review for July 2016 shows that the value of export of goods and services in the year ending June 2016, increased by +8.4%. Overall exports reached USD10,096.9m, compared to USD9,310.6m in the year ending June 2015. The improvement was mainly driven by an increase in travel (tourism) receipts, manufactured goods, and gold. Travel maintained the leading position among foreign currency earners,.... Read more »

Posted on : Monday , 12th September 2016

Tanzania: TCCIA Calls On Govt to Invest Heavily to Boost Industries

 Dar es Salaam — This was a message from key industry stakeholders on Thursday during a press conference organised by the Tanzania Chamber of Commerce, Industries and Agriculture (TCCIA).   TCCIA warned the government that a blanket cost-cutting drive would prove counterproductive in the long run. "If the government spends more, it will also be in a better position to collect more revenue, there is a huge chance for return.... Read more »

Posted on : Monday , 12th September 2016

Tanzania on track to reach 7.2 pct growth target: central bank

 Tanzania is on track to reach its economic growth target of 7.2 percent this year, the east African nation's central bank said Friday.   The expected growth conflicts claims by some opposition members of parliament that the economy was headed for a recession.   "Based on various indicators and trends, it is evident that Tanzania's economy is in good shape, raising hopes of reaching the target of achieving an annual gross.... Read more »

Posted on : Monday , 12th September 2016

Tanzania's gas-rich southern regions to join national electricity grid

 The government of Tanzania said on Saturday it will connect the country's gas-rich southern regions of Mtwara and Lindi to the national electricity grid.   Sospeter Muhongo, the east African nation's Minister for Energy and Minerals, told Parliament in the political capital Dodoma that the Tanzania Electric Supply Company (TANESCO) has started building a 132 KV transmission line.   The two regions currently get electricity.... Read more »

Posted on : Monday , 12th September 2016

Kenya: Work Begins on Road Linking Malindi to Tsavo East Park

 Construction of a road linking Malindi to the Tsavo East National Park has finally started.   The tarmacking of road will ease travel via the Nairobi-Voi-Malindi route and boost tourism.   President Uhuru Kenyatta and his deputy William Ruto had promised that the road will be tarmacked when they toured the area during the Malindi by-elections in March this year.   President Kenyatta last Friday told residents at.... Read more »

Posted on : Monday , 12th September 2016

Kenya to adopt global auditing standards to attract investors

 Kenya plans to adopt international financial auditing standards in order to boost the country’s attractiveness to foreign investors, accountancy regulator said on Thursday.   Institute of Certified Public Accountants of Kenya (ICPAK) CEO Patrick Ngumi told a finance forum in Nairobi that all publicly listed companies will be required to implement the standards after January 2017.   However, those companies whose.... Read more »

Posted on : Monday , 12th September 2016

Magnis Resources Ltd produces high quality graphite from Tanzania

 Magnis Resources Ltd (ASX:MNS) has demonstrated the use of flake concentrate from the Nachu Graphite Project in Tanzania for the production of spherical graphite for lithium ion batteries.   The company used milling equipment in Europe to process flake concentrate produced from composite diamond drill core to ensure a representative sample of the ore body.   Importantly, no chemical or thermal purification was used in the.... Read more »

Posted on : Monday , 12th September 2016

Africa: Quality Seed Key to Boosting Farm Yields

 Nairobi — Quality seed is the biggest game changer for agriculture in Africa helping countries to boost farm yields to secure food security and development, according to Alliance for a Green Revolution in Africa (AGRA) top official.   Dr Joseph Devries, AGRAs chief of agricultural transformation told reporters during a media tour of Dryland Seed's field projects in Machakos County, south-east of Nairobi, that evidence shows.... Read more »

Posted on : Monday , 12th September 2016

Kenyan forum pledges fund, commitment to transform Africa's agriculture

 The 6th African Green Revolution Forum concluded in Nairobi on Friday, with delegates endorsing a communique to hasten agricultural transformation in the continent.   About 1,500 delegates from 40 countries, including heads of state, industry executives, and heads of donor agencies and researchers, attended the forum that sought to inject fresh impetus into the quest for a green revolution in Africa.   The communique said.... Read more »

Posted on : Monday , 12th September 2016

Transport firm Express Kenya now goes into real estate

 Transport and warehousing company Express Kenya says low interest rates will boost its entry into the real estate business, even though it has been in the red for three years now.   The firm, which lost its main logistics business line with East Africa Breweries Ltd three years ago — forcing it to lease out its fleet and equipment — has rolled out plans to construct a housing estate.   “The company is in the.... Read more »

Posted on : Monday , 12th September 2016



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