R/€ = 15.59 Change: 0.00
R/$ = 13.46 Change: -0.03
Au 1281.71 $/oz Change: -18.30
Pt 887.50 $/oz Change: -16.57


Tullow Oil picks Australia's Worley Parsons for Kenya contract

By: Reuters     29th May 2018 Tullow Oil has awarded an engineering design contract for oil production in its northern Kenyan blocs to Australia's Worley Parsons, a Kenyan petroleum ministry official told Reuters on Tuesday. Kenya this month moved a step closer to full production at the blocs when the local government and the... 

Peugeot vehicles to be assembled in Kenya

24th March 2017 French multinational automotive manufacturer General Motors and Peugeot-Citroen (PSA Group) and motor dealer Urysia Limited Authorised Peugeot Dealers, will begin in June with supplying a yearly volume of over 1 000 Peugeot units in order to meet the expectations of the Kenyan market.  

Kenya reins in 5 000 MW power plan amid surplus worries

By: John Muchira     24th February 2017 The Kenya has shelved plans to increase installed electricity generation capacity to 5 000 MW in the immediate future is it is concerned that this could leave the country with excess capacity Previously, the East African country intended to implement a "5 000 MW by 2018 project" to attract... 

Bloodbath in African stock markets

By: News24Wire      4th October 2016 Most African stock markets suffered heavy losses for the nine months to end-September 2016, amid concerns that economic growth for rest of 2016 are going to decline further. According to the World Bank's latest Africa's Pulse report, economic growth in sub-Saharan Africa is expected to fall... 

Volkswagen gearing to assemble Polo Vivo in Kenya

By: Irma Venter     30th September 2016 Volkswagen aims to start assembly of the Polo Vivo in Kenya at the end of this year. Kenya will be the first global market outside South Africa to sell the Vivo. 

Kenya to assemble the Polo Vivo from South African kits 

By: Irma Venter     8th September 2016 Volkswagen aims to start assembly of the Polo Vivo in Kenya at the end of this year. Kenya will be the first global market outside South Africa to sell the Vivo. Volkswagen South Africa (VWSA) MD and chairperson Thomas Schaefer and the Kenyan government signed the deal for the new plant in the... 

Kenya and France sign €250m pacts

By: African News Agency      5th April 2016 Kenya and France have signed five pacts that will inject into the Kenyan economy close to €250-million (Ksh29-billion). Kenyan President Uhuru Kenyatta and French President François Hollande witnessed the signing of the deals at the Elysee Palace in Paris on Monday after holding bilateral talks... 

Uganda drops Kenyan oil route 

By: African News Agency      1st April 2016 Despite extensive talks on possibly routing an oil pipeline through Kenya, Total Uganda has decided to run the pipeline through Tanzania. “As a company, our position remains that we are going through Tanga. I understand there are issues being discussed but our position remains the same,” The East... 

$700m Kenya airport project stalls amid loan-guarantee uncertainty

By: John Muchira     25th March 2016 One of Kenya’s infrastructure megaprojects is on the verge of collapse following the refusal by would-be financers developed cold feet due to the Kenyan government refusal to guarantee the loan. In a move that now puts the construction of the Jomo Kenyatta International Airport (JKIA) Greenfield... 

Civil society pins hopes on summit to revive dying African Peer Review Mechanism

By: African News Agency      26th January 2016 Civil society activists are pinning their hopes on African leaders to revive a flagging continental mechanism for improving governance, at a summit in Addis Ababa this week. The African Peer Review Mechanism (APRM) is a 14-year old process whereby volunteer African countries scrutinise each... 

Africa’s colonial history has disadvantaged its ability to trade, Davies asserts  

By: Natalie Greve     15th December 2015 Africa’s integration into international markets has been largely dictated by the continent’s history of colonialism, having been drawn into the world economy as producers and exporters of primary products, mineral commodity or agricultural commodity, Trade and Industry Minister Dr Rob Davies has... 

Mooted free-trade area seen boosting intra-African minerals trade flows

By: Ilan Solomons     11th September 2015 Formal negotiations are taking place among the 54 member States of the African Union (AU) to create a free-trade zone on the continent by 2017. The AU Assembly launched the Continental Free Trade Area (CFTA) negotiations during the twenty-fifth Ordinary Summit of Heads of State and Government on... 

Obama visit bolsters government, stings opposition and boosts business

By: African News Agency      29th July 2015 US President Barack Obama flew out of Kenya leaving behind a confident administration of President Uhuru Kenyatta, a deflated opposition, and a group of loaded businessmen, firms and venture capitalists following the signing of multi-billion-shilling contracts. People in Kenya with good business... 

Nairobi road improvement project under way

By: Zandile Mavuso     6th February 2015 Kenya’s President Uhuru Kenyatta officially launched the commencement of the construction of the Nairobi Outer Ring Road Improvement Project, which is jointly financed by the African Development Bank (AfDB) and the Kenya’s government. 

Lamu port project hits land-compensation snag

By: John Muchira     3rd October 2014 Implementation of one of East Africa’s biggest infrastructure projects, the Lamu port, on the Kenyan coast, has hit a snag in the form of controversy over compensation of owners of the land on which the port is to be built. Construction was to start last month and will now be delayed for an... 

Kenya moves to secure natural gas from Qatar

By: Reuters     22nd April 2014 NAIROBI – Kenya will negotiate the import of natural gas from Qatar Gas to fuel a power station it wants built in the Indian Ocean port city of Mombasa, the President's office said on Tuesday. The gas-powered power plant was part of the government's plans to add 5 000 MW to Kenya's existing 1 664... 

New $60m berth part of plan to build Mombasa into gateway port

By: John Muchira     13th September 2013 Kenya achieved a significant milestone in efforts to make the Port of Mombasa the gateway for East Africa with the recent commissioning of a new berth constructed at a cost of $60-million. Kenya's President Uhuru Kenyatta, flanked by his Ugandan and Rwandan counterparts, Yoweri Museveni and Paul... 

Kenya, Uganda, Rwanda approach China on funding for rail project

By: John Muchira     9th August 2013 In what is bound to tighten China's grip on the region’s major infrastructure projects in East Africa, Kenya, Uganda and Rwanda have agreed to approach China to fund and build a $13.4-bllion standard-gauge railway line connecting the three countries. The decision to work with China and lock out... 

Kenya's government rejects 200% rise in power tariffs

By: Reuters     10th May 2013 Kenya's government has rejected a proposal by state-controlled power distributor Kenya Power to triple a fixed monthly charge paid by industries, saying the move would hurt the ability of Kenyan businesses to compete. Businesses had long complained of high electricity costs and unreliable... 

Uganda moves to end standoff with oil and gas companies

By: John Muchira     26th April 2013 A protracted standoff between the authorities in Uganda and oil companies over the extraction of crude could soon be over, as it has emerged that a deal is in the pipeline. 


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