N e w s

Tanzania seals new tax deal with mining firms

 The Tanzanian government has signed an agreement with mining companies operating in the country.The agreement sets new terms for royalty payments, scrapping the 15 per cent value-added tax (VAT) relief and increasing the fees companies pay for services they get in the mining areas.   AngloGold Ashanti and Geita Gold Mine were the first companies to sign the deal that replaces the Mining Development Agreement (MDA). Company.... Read more »

Posted on : Saturday , 17th January 2015

Kenya signs Sh25 billion deal with Japan for Mombasa port expansion

 Japan will on Friday advance to Kenya a Sh25 billion loan to fund the second phase of Mombasa port expansion.The money, to be given through the Japan Bank for International Corporation (JBIC), is earmarked for the construction of a new container terminal by reclamation of the West Kipevu to create an additional 3 berths. “The proposed project includes construction of a new port access road connecting the new container terminal with.... Read more »

Posted on : Saturday , 17th January 2015

Keroche pumps Sh4 billion into factory expansion and brand diversity

 Keroche Breweries has invested Sh4 billion to expand its Naivasha plant. Company chief executive Tabitha Karanja said the brewer will also be increasing its range of products. “Keroche is embracing advanced brewing technology to ensure Kenyans and the region get sufficient supply of high-quality bear,” she said. Mrs Karanja spoke in Nakuru yesterday during a marketing tour.She said Keroche is putting up a modern plant which.... Read more »

Posted on : Thursday , 15th January 2015

Sh10bn leather hub set to be built in Athi River

A Sh10 billion leather hub will be built at Kenania, Athi River, from next month in a quest to revive the tanning industry and make Kenya a big exporter of shoes, bags and other products.   Industrialisation secretary Adan Mohamed said that 500 acres of land had been identified for tanneries, a training centre, manufacturing facilities and a waste treatment plant.   The government will provide land and infrastructure while.... Read more »

Posted on : Thursday , 15th January 2015

Kenya: Kenya Commercial Bank and housing firm Sandstone Development Company Limited have agreed a deal to bring new homes to the market.

The venture, called Impala Villas Rimpa in Ongata Rongai is part of wider plans to develop hundreds of new homes in the outskirts of the city. “By bringing together Sandstone’s development expertise with KCB’s financial might, we hope to transform the land which borders the Nairobi National Park to meet the housing needs of our people,” said Sandstone Development Company Chairman Edward Ndirangu. He said the agreement.... Read more »

Posted on : Wednesday , 14th January 2015

Tanzania: Progress on Kia-Mirerani Road Resumes

Arusha — AFTER a 12-month freeze on the road connecting Kilimanjaro International Airport's (KIA) junction and the Mirerani Mining Hills of Simanjiro, work is set to resume soon, following the appointment of a new contractor. Regional Manager, Tanzania National Roads Agency (TANROADS), Eng. Deusdedit Kakoko, told the Regional Road Board here that the previous contractor who was undertaking the project to build Mirerani road, had been.... Read more »

Posted on : Tuesday , 13th January 2015

Kenya: Korir Plans to Build 400m Tartan Track At Suwerwo

 CHERANGANY MP Wesley Korir is to build an eight-lane 400m tartan track at Suwerwo village in his Trans Nzoia County. The track will be built in collaboration withTranscend Talent and Sports Academy to incorporate sports and education for athletes. Korir announced the plans on Tuesday at his Biribiriet home village while celebrating the fifth year since the inception of the Kenya Kids Foundation and launch of the sports academy..... Read more »

Posted on : Thursday , 8th January 2015

Savannah Cement to build second milling plant in Kenya

Kenyan cement manufacturer Savannah Cement has confirmed plans to invest more than US$198.3mn in the installation of its second milling plant near Kitengela town in Kajiado County to meet the growing demand in the East African nation The high-efficiency milling plant would feature the advanced Roller Press Technology, which allows for eco-friendly, dust and related emissions-free cement production. Savannah Cement managing director Ronald.... Read more »

Posted on : Thursday , 8th January 2015

Tanzanian cement output expected to double

Tanzania expects to double its cement output over the next few years according to a report by the Daily News. The news agency reported that Tanzanian Deputy Minister for Industry and Trade, Janet Mbene expects the country’s annual cement production to rise to 6 million tonnes with the future opening of seven new factories. According to the article cement consumption is viewed as a barometer for construction activity, which is one of the.... Read more »

Posted on : Tuesday , 6th January 2015

Kenya to construct bridge across Likoni channel

Principal Secretary, Infrastructure Development, Eng John Mosonik said to provide a more reliable link to South Coast, plans have commenced for the construction of the Likoni bridge to replace the ferry.   The Likoni Ferry, serviced by the Kenya Ferry Services (KFS) has come under constant criticism over inefficiency particularly from tourism players who have had to grapple with long queues due to delays and ageing equipment.   Eng.... Read more »

Posted on : Monday , 29th December 2014

Rehabilitation of 600km Lesseru - Napadal road to boost trade with S Sudan

The road  starts from Lesseru and traverses Kitale, Marich Pass, Lodwar and Lokichogio, ending at Nadapal border between Kenya and South Sudan. It  covers about 605km.   The poor condition of the road which is considered a major link road along the Northern Corridor prompted the Kenya National Highways Authority to procure the services of three consultants to conduct studies before the start of majorrehabilitation.... Read more »

Posted on : Monday , 29th December 2014

Xinhai Mining Machinery bags order worth 10 Million USD in Tanzania

In September 2nd, Yantai Xinhai Mining Machinery Co., Ltd. and a Tanzania state-owned mine reached cooperative intent, and signed the contract -----"EPCM Mines Service" in Dar Es Salaam the capital of Tanzania. The cooperation ranged over four fields, exploration, mining, ore dressing and smelting. The EPCM service covered the process design, engineering design, equipment manufacturing, construction, equipment installation and.... Read more »

Posted on : Friday , 26th December 2014

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