Kenya Electric Generating Company (KenGen) is planning a new industrial park at Olkaria area to offer commercial facilities to interested companies. Interested companies will have opportunity to build plants in the park, and get subsidies on power. The planned industrial park will be constructed on a 1, 200 acres of land already identified at the site in Nakuru by KenGen. It was expected that the Export Processing Zones Authority would.... Read more »

Posted on : Tuesday , 18th November 2014

 A subsidiary of the company, GS Inima Environment S.A, secured the Djerba plant deal through a consortium with Spanish water management company Aqualia S.A, stated officials at GS E&C. The desalination plant is expected to process 50,000 tonnes of seawater per day into drinkable fresh water, and has been scheduled for completion in the first half of 2016. An official from the company said, “GS E&C will continue to expand.... Read more »

Posted on : Friday , 14th November 2014

 Outotec creates technologies to support sustainable initiatives, working with suppliers and other firms to ensure longevity in minerals market, and for minerals industries. It seeks to decouple the environmental impact of growth from the growth of welfare to a nation, through eco-efficient, sustainable technologies. Metals and minerals processing, energy and water are the core sectors addressed by Outotec. It works in more than eight.... Read more »

Posted on : Friday , 14th November 2014

 Colorado-centred Tetra Tech Inc is the lead firm for the project and has been contracted as the Master Delivery Partner 2 (MDP2) for the smart city project in Kenya. The MDP2 is a consortium of 11 firms from the US, Germany, Netherlands, UAE and five firms from the east African nation. Michael Rothhammer, vice-president of Tetra Tech Inc, said, “With years of experience in signing and developing technology across the globe, we will.... Read more »

Posted on : Friday , 14th November 2014

 According to Fluor, the new office will support Africa in working towards expanding its economy and human development. “We want to meaningfully contribute to its development by supporting clients with engineering, procurement, construction and maintenance services,” said country manager, James Hughes. The new office will assist in the launch of Fluor’s projects across multiple industries including oil, gas and.... Read more »

Posted on : Friday , 14th November 2014

 Hebei Iron & Steel Group has signed a 51 per cent stake in a venture with the Industrial Development Corporation of South Africa and the China-Africa Development Fund to build the mill. Company officials, however, did not reveal the project cost. The plant is expected to produce five metric tonnes of construction steel by 2019. Production is likely to begin in 2015, stated a report in The Wall Street Journal. China produces 43.... Read more »

Posted on : Friday , 14th November 2014

 NEW DELHI, India - President Paul Kagame has taken his search for investors to India, promising red-carpet reception for Indian investors to take advantage of the unrivalled business opportunities that Rwanda offers.  Kagame, who was in New Delhi, outlined specific investment areas to the Confederation of Indian Industry last week ahead of the World Economic Forum and India-Africa Summit.   “It’s not where I am sure.... Read more »

Posted on : Tuesday , 11th November 2014

 The National Development Corporation (NDC) said in the statement that Tanzania is set to produce 1.1 million metric tonnes annually.   Once the commercial production takes off, NDC said Tanzania will be one of the top four iron producers in Africa.    This will be the basis for putting up an iron and steel metallurgical complex which in turn will create hundreds of jobs.   Mlingi Mkucha, the  acting NDC.... Read more »

Posted on : Tuesday , 11th November 2014

 President Paul Kagame yesterday addressed the Global Business Forum in Dubai hosted by the Dubai Chamber of Commerce and Industry. The event was organised under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, UAE vice-president and and ruler of Dubai. As the region’s largest African economic event, the forum brought together seven 700 government and business leaders for a two-day discussion aimed at strengthening economic.... Read more »

Posted on : Thursday , 16th October 2014

 TANZANIA, like many other developing nations, is on the route to build a robust manufacturing sector to increase its contribution to growth and prosperity of the people. Despite being small and in its nascent stages, Tanzania's manufacturing sector has a big potential to create jobs in the rural and urban areas but with an increased investment. This is part of the speech by the Prime Minister Mizengo Pinda to the Chief Executive Officers.... Read more »

Posted on : Thursday , 16th October 2014

 Despite weaker than expected global growth and stable or declining commodity prices, African economies continue to expand at a moderately rapid pace, with regional GDP growth projected to strengthen to 5.2 percent yearly in 2015-16 from 4.6 percent in 2014, according to a recent World Bank report. Significant public investment in infrastructure, increased agricultural production and expanding services in African retail, telecoms,.... Read more »

Posted on : Thursday , 9th October 2014

 Kenya ranks among the leading Foreign Direct Investment (FDI) destinations in Africa, the United Nations Conference on Trade and Development Secretary General Mukhisa Kituyi has said. Dr Kituyi said Nigeria and Ethiopia complete the list of the most attractive investments destinations for foreign capital on the continent. Launching the World Investment Report 2014 in Nairobi, Dr Kituyi lauded the increasing FDI movement among African.... Read more »

Posted on : Wednesday , 8th October 2014