Category: East Africa

British investors are eyeing multi-billion shilling investment opportunities in Kenya’s renewable energy sector comprising of steam, wind, biomass, and solar power projects. A delegation of British investors visited Nairobi this week where some initiated talks with both the government and potential partners. London-based Equinox Energy Capital, for example, is in talks with the Energy ministry…

Ethiopia’s economy is expected to overtake Kenya’s this year, buoyed by massive government spending on infrastructure that has kept the Horn of Africa nation in the list of the world’s fastest economies in the past 10 years. The International Monetary Fund’s (IMF) latest statistical estimates indicate that Ethiopia’s gross domestic product (GDP) is forecast to…

Ethiopia opened a new train line on Wednesday linking its land-locked capital to the Red Sea state of Djibouti, part of Addis Ababa’s infrastructure programme aimed at turning the poor, agrarian nation into an industrial hub. Ethiopia’s economy is one of the fastest growing in Africa, even though it has suffered a severe drought for…

Real estate developers Jabavu Village Limited and White Lotus Projects are the names behind plans to build Nairobi’s tallest building, which will be the new home of the city’s Hilton Hotel. The Sh11 billion twin towers building, whose construction has begun in Nairobi’s Upper Hill, is scheduled to be completed by 2020. Developers of the…

Tanzania and the Democratic Republic of the Congo signed a memorandum of understanding on Tuesday for joint exploration and development of hydrocarbons in Lake Tanganyika. The lake, which straddles the border between Tanzania, Democratic Republic of Congo, Burundi and Zambia, is the world’s second largest by volume and second deepest, according to officials. “We have…

MPs last evening criticised the top management of national carrier Kenya Airways and called for their removal from office as well as termination of the airline’s partnership with Dutch carrier KLM. Majority Leader Aden Duale also attempted to connect Opposition chief Raila Odinga to what he said was the imminent collapse of Kenya Airways. But…

Dubai businesses are set to get an easier entry into Kenya with the opening of the Dubai Chamber of Commerce and Industry representative office in Nairobi. Opening of the office was announced Tuesday at the start of a local tour by top officials of the chamber, Dubai’s businessmen and diplomats representing Kenya in the Emirate.…