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Tuesday, May 24, 2022
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Mombasa port secures Sh35b to build container terminal

Mombasa port secures Sh35b to build container terminal

Kenya ports Authority(KPA) has secured a Sh35 billion loan from the Japanese government for the construction of the second phase of the second container terminal at Mombasa port. Construction work at the port will begin...
Values of prime residential real estate in Nairobi drop-report

Values of prime residential real estate in Nairobi drop-report

House prices in Nairobi’s high-end market fell by 5.4% in the year to September, according to the Knight Frank Prime Global Cities Index (PGCI) for Q3 2019. Values of prime residential real estate continued to...
Standard Chartered Bank boosts Tanzania SGR construction

Standard Chartered Bank boosts Tanzania SGR construction

Standard Chartered Bank is releasing a total of $1.46 billion to boost second phase construction of Tanzania SGR, Bill Winters the Standard Chartered Bank Group Chief Executive has confirmed. The Railway will connect Morogoro to Makutupora...
Controversy on huge Ethiopian dam deepens after futile meeting

Controversy on huge Ethiopian dam deepens after futile meeting

A meeting that started Saturday to discuss the Grand Ethiopian Dam (GERD), has failed to approve an introductory report by a consultant company on the dam's effects on the two downstream countries- Egypt and...
Ethiopia continues with huge hydro dam amid Egypt warning

Ethiopia continues with huge hydro dam amid Egypt warning

Ethiopia will continue with the construction of its huge hydro dam whose construction on the Nile is 60% complete, Seleshi Bekele, the Ethiopian minister of water, electricity and irrigation, has said. His remarks comes even...
DRC mining code seeks to classify cobalt a strategic substance

DRC mining code seeks to classify cobalt a strategic substance

A proposed revision to the Democratic Republic of Congo’s (DRC) mining code could classify cobalt as a strategic substance, essentially resulting in a tax hike, Mines Minister Martin Kabwelulu has said. The new mining code...
Harare is most expensive city in Africa-survey

Harare is most expensive city in Africa-survey

Zimbabwean Capital Harare is the most expensive city in Africa a new study by Expatistan, an online cost of living calculator which measures the cost of living index prepared for various cities across the...
DRC has enormous renewable energy potential-report

DRC has enormous renewable energy potential-report

The Democratic Republic of Congo (DRC) has a great potential for renewable energy to help  cater for its electricity needs a new report has shown. The Renewable Riches report compiled by International Rivers involving researchers...
Maputo-Catembe bridge a major step forward for Mozambique

Maputo-Catembe bridge a major step forward for Mozambique

When Mozambique completes the Maputo-Catembe bridge in December this year, transport times to South Africa, from where Mozambique imports many of its basics will be cut greatly. The US$700m is being constructed by state-owned China...
East Africa to benefit from China's Belt and Road Initiative

East Africa to benefit from China’s Belt and Road Initiative

Various East African countries along China's Belt and Road Initiative(BRI) have the potential to provide major opportunities for investment, a new report released Wednesday has shown. The report, Belt and road: Opportunities and Risk:The prospects...
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