Latest Business News - Africa

Kenya: GE to Construct Wind Power Plant

Nairobi - Global infrastructure development giant General Electric Company (GE) last week announced a grand plan of investing some $100 million towards power generation in Kenya over the next one  Read More..

Posted on : 30 Nov,-0001


Uganda: Redevelopment of Nakawa Estate Starts

The Government will on December 10, hand over the land on which Naguru and Nakawa housing estates stood to the contractor for redevelopment into a satellite city. The acting permanent secretary in  Read More..

Posted on : 30 Nov,-0001


African Development Bank funds road infrastructure in Tanzania

The African Development Bank (AfDB) has decided to increase funding for the East African Road Network in Tanzania by $100 million (160 billion shillings) in the 2012-2013 fiscal year in an effort to  Read More..

Posted on : 30 Nov,-0001


Zimbabwe: Mining to Boost Economic Growth

THE mining sector, which is expected to grow by 17 percent next year, will anchor the projected five percent economic growth for 2013. According to Finance Minister Tendai Biti the higher production  Read More..

Posted on : 30 Nov,-0001


Uganda: Govt Set to Revive Copper Mining

Kasese – The government has unveiled plans to revive copper mining in the Kilembe Mines found in western Uganda which ceased production in early 1982. According to the Public Relations Officer  Read More..

Posted on : 30 Nov,-0001


Tanzania: AFDB Ups Tanzania Road Funding by U.S. $100 Million

Dar es Salaam – The African Development Bank (AfDB) has said it is expected to increase fund for roads construction to $650m by the end of this year. AfDB is in the final stages of processing  Read More..

Posted on : 30 Nov,-0001


South Africa: R200 Million Mall to Create Jobs, Reduce Transport Costs

Polokwane – The construction of a R200 million mall in Seshego outside Limpopo’s capital is set to boost job opportunities and lessen transport costs for shoppers, says Polokwane mayor  Read More..

Posted on : 30 Nov,-0001


World Bank Gives Sh3.4 Billion to Boost Private-Public Deals

THE World Bank has approved a Sh3.4 billion ($40 million) loan to Kenya to support public-private sector partnerships. The amount was announced yesterday for the Infrastructure Finance  Read More..

Posted on : 30 Nov,-0001


Kenya: Four Fish Plants Built

The government has constructed four fish cold storage plants at a cost of Sh240 million in various parts of the country. Fisheries secretary Charles Ngugi disclosed this at the National Aquaculture  Read More..

Posted on : 30 Nov,-0001


Tanzania Plans to Boost Infrastructure

THE government has unveiled an ambitious plan to expand the existing railway, air and port networks. This will include boosting their infrastructure. Presenting a report to the on-going CCM National  Read More..

Posted on : 30 Nov,-0001


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