N e w s

Ole Sereni hotel to spend US$ 20m on expansion plans in Kenya

 Ole Sereni, Kenya’s five-star hotel brand, has decided to embark on a US$ 20m expansion project starting February, this year.   Ole Sereni’s General Manager, Ghulam Samdani said that the new hotel would be located adjacent to the current one.   He further pointed out that they have decided to expand because they have been winning business on small conferences and business meetings, but have been losing out on.... Read more »

Posted on : Saturday , 31st January 2015

Kenya to complete construction of the US$186m Southern Bypass by July 2015

 Kenya National Highways Authority (Kenha) has announced that construction of the US$ 186m Nairobi Southern Bypass is expected to be complete by July 2015.   Kenha Special Projects Manager, Paul Omondi confirmed the reports and further stated that the contractor, China Road and Bridge Corporation is working tirelessly to make sure that the road is complete soon and it also plans to hand over section three of the project by.... Read more »

Posted on : Saturday , 31st January 2015

Kenya agrees on a 2.5 per cent stake in the planned Uganda oil refinery

 Kenya has agreed to acquire 2.5 per cent of the upcoming Uganda oil refinery, in a deal estimated to cost the exchequer US$ 61m. Uganda, which has 6.5 billion barrels in reserves, hopes to complete the first phase of construction in 2018.   Energy and Petroleum PS Joseph Njoroge confirmed the news on Monday last week, pointing out that they had decided to consider the offer to enhance and support the growth and relationship of East.... Read more »

Posted on : Saturday , 31st January 2015

Kenya: Solar to Grab Bigger Slice of Kenya's Clean Energy Pie

Nairobi — Kenya is moving to boost its solar energy capacity, with a new plant now under construction aiming to start producing electricity for the national grid by January 2016. This heralds a shift in the balance of the country's efforts to embrace renewable energy, which have so far focused on hydropower, geothermal and a small amount of wind. Independent power producer Greenmillenia Energy Limited (GEL) has said it will begin.... Read more »

Posted on : Friday , 30th January 2015

Will Africa’s Biggest Wind Farm Transform Kenya’s Growth?

Kenya has stepped up its efforts to transform 40,000 acres of land into a wind farm, in a bid to meet growing demand for electricity. The 300 MW Lake Turkana Wind Power Project, which is being developed in the country’s North-East, hopes to produce 20% of the country’s current installed electricity generating capacity when it comes online in 2016. The $694 million project achieved full financial close in December 2014, making.... Read more »

Posted on : Friday , 30th January 2015

East Africa: Manufacturing Company expands to new product line

 SKOL Brewery yesterday launched a new production line that will enable it more than double its capacity to 200,000 hectolitres annually, up from 80,000 hectolitres presently, reports Ben Gasore. The company, a subsidiary of Belgium-based Unibra, currently commands about 14 per cent of the market share, according to Ivan Wulffaert, the general manager. Speaking during the inauguration of the factory at Kanyinya Sector in Nyarugenge.... Read more »

Posted on : Friday , 30th January 2015

Tanzania Industralization leading to development

 The performance of the Tanzanian economy has remained strong, recording growth of 6.9% in 2012, driven by a high uptick in manufacturing, agriculture, trade, transport, communications and financial intermediation. Growth was boosted by good weather and a timely supply of subsidized inputs, which supported agricultural production and the normalization of power generation, which in turn buoyed industrial production. Preliminary estimates.... Read more »

Posted on : Friday , 30th January 2015

Nampower to start building gas-fired plant

  The 250-megawatt project will be commissioned in the following 18 months, Managing Director Paulinus Shilamba said Friday in a telephone interview. The plant, to be located in Namibia’s coastal Erongo region, will use fuel sourced from a U.S.-based gas trader, he said.   “Various fuel options were investigated prior to initiation of the procurement process,” Shilamba said. “Gas and heavy-fuel oils were found.... Read more »

Posted on : Friday , 30th January 2015

Nigeria Has Capacity to Refine One MBPD of Crude Oil By 2017

 "If all these are added together we will have about one million barrels per day refining capacity, I also presumed that NNPC is planning to upgrade its refineries by increasing the capacity and modernising the technologies, they have the potential of doubling the capacity from 445,000bpd to 900,000bpd," he said.   Soyode said making the refineries competitive is the only way for NNPC to achieve its improvement target on.... Read more »

Posted on : Friday , 30th January 2015

Total completes gas pipeline section leading to Alaoji power plant

Total exploration and production (E&P) has announced that it has completed work on a section of its Northern Option Pipeline (NOPL), from Kilometre (Km) 38 at Obigbo to Km 50 at Imo River,  and is now set to convey gas to the National Integrated Power Plant (NIPP) at Alaoji along the Imo River in Abia state,Leadership reports. The managing director of Total E&P Nigeria, Elisabeth Proust, commenting on the development, stated that.... Read more »

Posted on : Friday , 30th January 2015

The increasing role of banks in agribusiness

 This is the case not only domestically but also within the region and across the continent.   “Africa now earns an average of 24 per cent of its annual growth from its farmers and their crops. If matched with more electricity and irrigation, smart business and trade policies and a dynamic private agribusiness sector that works side by side with government to link farmers with consumers in an increasingly urbanized Africa, the.... Read more »

Posted on : Friday , 30th January 2015

Kellogg’s to Break into Kenya’s Food Market This Year

As part of its emerging markets strategy, American multinational food manufacturing company, Kellogg’s, is spreading its business to East Africa, starting with Kenya, the region’s largest economy. Last year, the New York Stock Exchange-listed firm appointed the former managing director of East African Breweries (EABL), Gerald Mahinda, as the head of operations in the region. Rumored to explore possible partnership opportunities.... Read more »

Posted on : Friday , 30th January 2015



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