N e w s

Cipla buys 51% in Uganda drugs firm

KAMPALA, Uganda -Cipla Limited the global pharmaceutical company has announced the purchase of a 51% stake in Quality Chemicals Limited by its wholly owned subsidiary in the UK, Cipla (EU) Limited.    “Quality Chemicals Limited is one of the leading distribution companies for pharmaceutical andconsumer products and this deal provides Cipla with a platform to expand its non-tender private market reach in Uganda, thereby.... Read more »

Posted on : Monday , 24th August 2015

East Africa's geothermal power generation to grow by 1000mw

 Ethiopia geothermal power generation is set to grow after the country signed a power purchase agreement with Berkley Energy which is a Kenyan linked company that will see 1,000MW of energy being generated.   The signing was done by Azeb Asnake, CEO of Ethiopian Electric Power (EEP) and Edward Njoroge, one of the investors from Berkeley Energy.   The mega Corbetti Geothermal Power Project construction which is expected to cost.... Read more »

Posted on : Monday , 24th August 2015

Constructed Ngong wind power plant in Kenya

 The constructed Ngong wind power plant is to be commissioned in Kenya by Kengen in a bid to boost the renewable sources contributions to the national grid. It is hoped that the move will help in meeting the vision of generating 5,000MW of power by 2018. The construction of the wind power farm was expanded as a way of scaling up energy sources as the country looks to green energy.   Kengen CEO, Albert Mugo confirmed the reports and.... Read more »

Posted on : Monday , 24th August 2015

Kenya: Crude Oil Pipeline Top of Kenyan Growth Agenda, Says Uhuru

The Hoima-Lokichar-Lamu crude oil pipeline is a priority project for the government as Kenya looks to tap the crude oil billions to accelerate development.   Speaking on Thursday at State House, Nairobi when he hosted a Japanese business delegation, President Uhuru Kenyatta said the pipeline will open up northern Kenya and accelerate the entire East African regional development.   "The discovery of oil and gas in Kenya,.... Read more »

Posted on : Monday , 24th August 2015

China boosts Rwanda agriculture

Over the years, the Chinese government has supported a number of sectors in the Rwandan economy notably the agricultural sector which employs an estimated 90 per cent of the Rwandan population.    East African Business Week  talked to the Minister of State in Charge of Agriculture and Animal Resources, Tony Nsanganira, on how through the training of farmers and mechanisation of the sector, the Chinese have enabled Rwandan.... Read more »

Posted on : Monday , 24th August 2015

Ugandan farmers advised on seeds

KAMPALA, Uganda - Scientist’s at the National Agricultural Research Organization (NARO) have suggested small scale farmers form cooperatives.    “When small holder farmers form cooperatives, NARO can support them with technical skills to enable them establish community seed banks. When this is done we shall solve the problem of counterfeit seeds  on the market and poor market distribution. Farmers have been alleging.... Read more »

Posted on : Monday , 24th August 2015

Singapore firm to market Rwanda honey

KIGALI, Rwanda - Rwanda’s target of boosting exports by 28% every year by 2018 were underpinned by The Apairy Limited, a Singaporean company.   They have presented to Rwandan beekeepers a proposal of partnership last week which once concluded will allow the investor to work directly with honey producers.   Esther Su from The Apiary Ltd expressed the interests on August 17, 2015 while meeting with representatives of 20 honey.... Read more »

Posted on : Monday , 24th August 2015

Sugar will test EAC Common Market bid

Ever since Kenyan President Uhuru Kenyatta promised his Ugandan counterpart, President Yoweri Museveni that restrictions on Ugandan sugar imports into Kenya would be eased, a sense of misplaced calamity has befallen the Kenya sugar belt region.   A leading opposition leader said he was not against Ugandan sugar being imported to Kenya, but the Kenya sugar industry must be protected.     Although understandable, this type of.... Read more »

Posted on : Monday , 24th August 2015

Tanzania: Agricultural Exports Rise Significantly

FOREIGN exchange earnings from agribusiness have registered substantial growth, thanks to the increase of export price and value of some agriculture products.   The increased flow of export earnings from agriculture is good news to the stability of the shilling that in recent months experienced sharp fall against the US dollars. Despite the growing demand for the US dollars from the importer demand, local currency has of late continued to.... Read more »

Posted on : Monday , 24th August 2015

Nigeria: Mahindra Expands Operations to Nigeria

Mahindra Two Wheelers Limited, a member of the Mahindra Group has expanded its business operation to Nigeria with the launched of its two wheeler range in the country. Mahindra Group is a $16.9 billion automotive global business.   The firm has also appointed M/s VIP Merchandise Enterprise Limited as its distributor for Mahindra two wheelers which includes the Mahindra Arro and the Centuro.   Speaking at the launch, Head Exports,.... Read more »

Posted on : Monday , 24th August 2015

Erin Energy Enters Next Phase Of Exploration In Kenya’s Block L1b And L16

 The Kenyan Government has granted Erin Energy approval to enter the First Additional Exploration Period (FAEP) on its onshore blocks, L1B and L16.   This follows Erin Energy completion of the required work program for the Initial Exploration Period of the blocks earlier this year where it announced it had exercised its right, in accordance with the provisions of the Production Sharing Contracts, to apply for the FAEP and move to the.... Read more »

Posted on : Monday , 24th August 2015

Govt now owns 100 % shares in General Tyre.

 The government has acquired 100 per cent stake in the defunct General Tyre East Africa (GTEA) in an effort to revamp the once model tyre manufacturing plant in East and Central Africa.   However, despite the previous arrangement that gave it the majority shareholder of 74 per cent with the German firm Continental Arktiengesellschaft (Continental AG) holding a 26 per cent stake, the firm  failed to take off, igniting widespread.... Read more »

Posted on : Saturday , 22nd August 2015



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