The Tanzanian government plans to launch new investment incentives in order to attract more infrastructure investors in the country, said Juliet Kairuki, Executive Director, Tanzania Investment Centre. This is part of a larger government plan where it is going to introduce a set of new investment incentives in a number of key sectors. “Preparations are ongoing and [we] will inform you when we are through,” she.... Read more »

Posted on : Wednesday , 15th July 2015

Savannah Cement which is the newest entrant into the cement market in Kenya is set to launch a special kind of cement technically known as Hydraulic Road Binder (HRB) to be used for stabilization of soils during road construction.   This new technology came after a request from the Kenyan Ministry of Transport and Infrastructure. It has already been approved by the Kenya Bureau of Standards, which is a quality checking bureau of the.... Read more »

Posted on : Tuesday , 14th July 2015

African pension fund capital has reached $340 billion and is growing rapidly. In addition, increasing adoption of insurance around the continent is causing insurance company investment portfolios to grow, and they are now estimated to be around $270 billion. These figures come from the Bright Africa 2015 report, released today by RisCura, which looks at the drivers, enablers and managers of investment on the continent.   Mr Rory Ord,.... Read more »

Posted on : Monday , 13th July 2015

As part of plans to improve the working conditions of teachers, the government has disbursed over 13.9bn/- between 2009 and 2013 for construction of their houses. This was revealed in the House by the Deputy Minister in the Prime Minister's Office (Regional Administration and Local Government ), Mr Kassim Majaliwa, when responding to a question posed by Mr Suleiman Nchambi Suleiman (CCM-Kishapu). Mr Suleiman had sought to know government.... Read more »

Posted on : Monday , 13th July 2015

 The head of the Dutch business delegation on a one-day visit to Africa, has told a Africa-Netherlands business dialogue that her investors have come to Africa to invest in the country's economy.   Netherlands Foreign Trade and Development Cooperation Minister Lilianne Ploumen disclosed Monday, July 6, 2015, that the Dutch entrepreneurs on her delegation see a lot of opportunities in working with Africa.   She stated that when.... Read more »

Posted on : Friday , 10th July 2015

 The Africa Investment Promotion Commission has said not less than forty intending investors have besieged the Commission for guide about investing in the African economy in the last one month.   The Executive Secretary of the Commission, Mrs Uju Aisha Hassan Baba disclosed this while responding to questions on the impact of security on foreign direct investment in the country as she played host to investment delegation from Thailand.... Read more »

Posted on : Friday , 10th July 2015

The World Bank Group has set aside $100 million to help Tanzania increase transparency and accountability in governance and boost public financial management as the country ramps up a series of major infrastructure projects. The bank said the “first-of-a-kind” ‘open government and public financial management development policy operation (OGPFM) in Tanzania, financed with credit from the bank’s International Development.... Read more »

Posted on : Friday , 10th July 2015

Dar es Salaam. The World Bank, which is one of the financiers for a $596 million (about Sh1.1 trillion) Dar es Salaam Port upgrade, said at the weekend that it is impressed by the ongoing improvements. The World Bank is cooperating with the UK’s Department for International Development and TradeMark East Africa (TMEA) to inject a total of $596 million in the project of deepening and strengthening of berths 1-7, the dredging of the.... Read more »

Posted on : Friday , 10th July 2015

 Over the past two decades the average investment in infrastructure as a percentage of GDP has hovered around 5 per cent, a much lower ration when compared to growing economies such as China that invest about 9 per cent of their GDP in infrastructure development. This lower ratio is an indication that more investment in this sector is still needed and indeed so it is not surprising that Namibia has not achieved the 7 per cent average growth.... Read more »

Posted on : Thursday , 9th July 2015

Kenya set in motion the construction of Africa’s biggest wind power farm this week, near Laisamis, 550km north of Kenya’s capital Nairobi. Known as the Lake Turkana Wind Power Project, the wind farm site covers 40,000 acres (162km2), which will be powered by the ‘Turkana Corridorwind.’ It is a low-level jet stream originating from the Indian Ocean and blows all year round. The project will consist of 365 turbines.... Read more »

Posted on : Tuesday , 7th July 2015

 APR Energy is set to provide a gas turbine power plant for an industrial customer in Egypt after landing a €27 Million contract. The leading world Mobile power supplier signed the deal early this week after a competitive tender that attracted many companies to provide a gas turbine power plant for an industrial customer in Egypt. The project, which is for a minimum of 12 months, has an estimated value exceeding US$30 million.... Read more »

Posted on : Tuesday , 7th July 2015

Tigoni — Residents of Tigoni in Kiambu County are set to benefit from a hospital upgrade by the county government. The Sh160 million 200-bed capacity hospital to be constructed at the Tigoni Health Centre will benefit residents who have had to grapple with congestion in the wards especially accident victims. Kiambu Governor William Kabogo has reiterated his government's commitment to better health service delivery. "My government.... Read more »

Posted on : Monday , 6th July 2015