KENYA POWER AND LIGHTING COMPANY PUTS IN US$15m TO IMPROVE POWER SUPPLY.

Posted on May 22, 2018May 22, 2018 by Gambeta News

Kenya Power to install new transformers and repair old substations with the aim of improving supply. Kenya Power and Lighting company (KPLC) is investing US$15 million to enhance power supply in Kisumu. The project will include repairs on existing substations and distribution lines and also installation of new transformer. The project will also touch the western and Southern Region of Nyanza and its completion will be in 2019. The transformers will be in Kisumu South, Chemelil,…

CIMAF SET TO CONSTRUCT CEMENT PLANT IN IVORY COAST

Posted on May 16, 2018 by Gambeta News

Morocco firm set to construct a cement plant in Ivory coast that will increase its expansion in Africa. Morocco firm Cimaf is set to construct a cement plant in Ivory coast. The plant which will also produce 300,000 tons of cement per year is to be constructed in Bouake. It will be the lastest in a series of such project in the nation. The firm also laid the foundation for the first plant in Côte d’Ivoire an annual capacity…

UGANDA SIGNS US$4 BILLION OIL REFINERY DEAL

Posted on April 18, 2018April 18, 2018 by Gambeta News

Uganda Government signs US$4 Billion Oil Refinery Agreement Irene Muloni, Uganda Minister of Energy and Mineral Development, have signed a contract with the Albertine Graben Refinery Consortium. The event which was presided over by President Museveni saw the end of the Ugandan government’s five year struggle to get a company to invest in a refinery. Construction of the refinery will be under a public-private partnership. Albertine Graben Refinery Consortium will own 60% shares while the Ugandan government will…

EU BANK SIGNS US$25m SOLAR PROJECT FOR AFRICA

Posted on March 27, 2018 by Gambeta News

European Investment Bank (EIB–the EU bank) unveils US$25m Solar System Project For Africa The European Investment Bank (EIB) have signed a financing agreement for the installation of solar systems in some African countries. The agreement is between EIB and d.light design inc. d.light is a global leader in solar-powered solutions for people without access to reliable electricity. The solar system will strengthen access to energy in Nigeria and four other African countries and will worth US$25 million. According…

KENYA TO CONSTRUCT US$22m MEDICAL SCHOOL AND HOSPITAL

Posted on February 15, 2018 by Gambeta News

kenya East African Kidney Institute (EAKI)

Kenya gets funds from AfDB for construction of US$22m medical school and hospital Kenya with funds received from the African Development Bank (AfDB) are planing to build a medical school and hospital for kidney-related ailments. The US$22m project consists of 25 wards, laboratories, surgical theaters, high dependency units, consultation rooms and vehicle parking yards. The hospital; East African Kidney Institute (EAKI), is on the Kenyatta National Hospital (KNH) playground. The hospital will have lecture halls, multimedia and also video conferencing…

KENYA’s UBA BANK SUES JYOTI

Posted on February 8, 2018February 8, 2018 by Gambeta News

KETRACO and Jyoti sued by UBA to avoid liquidity UBA Bank in Kenya has sued Jyoti Structures an Indian firm and Kenya Electricity Transmission Company Limited (KETRACO). The suit is because of the danger of losing the money advanced to both companies. The Bank is in liquidation, trying to recover over US$2.6 million it supported Jyoti with to build Isinya-Suswa electricity transmission line. A court order restraining KETRACO from making payments to the ailing firm…

MALL FOR AFRICA SPREADS TO MORE PARTS OF AFRICA.

Posted on February 2, 2018 by Gambeta News

Mall for Africa expands to 11 new countries in Africa. Worldwide e-commerce and m-commerce colossus, Mall for Africa will expand into 11 new countries in Africa. In acknowledgement to the growing demand for its patented platform, the app will now be available in African countries like Angola, Chad, Guinea, Botswana, Tanzania, Uganda, Malawi, Egypt, Democratic Republic of Congo, Senegal, and Sierra Leone. The app offers items from 250 US and UK retailers to stores that are…

John Magufuli denies the proposal of increasing the presidential term from his party members

Posted on January 15, 2018January 16, 2018 by Gambeta News

John Magufuli rejects proposal from his party to extend presidential term Magufuli has disclosed in a statement that he is displeased by the current parley about increasing the presidential term from five to seven years, adding that there is need to focus on developing the Tanzanians econcomy. ‘‘The debate on extending the term limit is useless. Tanzanians should concentrate on building their economy,’‘ the president said. The statement came after some members of the ruling…

KENYA TO DEEPEN TRADE TIES WITH NAMIBIA, RWANDA AND ZAMBIA

Posted on November 29, 2017 by Gambeta News

Newly elected Kenyan President, Uhuru Kenyatta seeking to strengthen trade ties with Namibia, Rwanda and Zambia. Speaking after his official inauguration on Tuesday, November 28th, 2017, Kenyan President, Uhuru Kenyatta who held bilateral talks with Presidents of Namibia, Rwanda and Zambia, said he plans to boost inter-regional relations with the three States. Kenya have already existing trade ties with Tanzania and Uganda, as they are major export destinations for the East African nation. Although being a power house in the tea export…

BARRICK GOLD REPORTS US$11m LOSS

Posted on October 30, 2017 by Gambeta News

Barrick Gold Corporation announces US$11m loss due to Goodwill payoff agreement with Tanzania. The world’s largest mining company Barrick Gold Corporation has reported that it lost US$11m in the third quarter due to an increase of a tax provision related to a goodwill payoff of US$300m, the company agreed with Tanzania. Previously the tax provision of the company – which is the amount it agreed would be paid by its subsidiary Acacia to Tanzania was US$128 million…

MT KILIMANJARO WINS AFRICA TOP TOURISM AWARD

Posted on October 12, 2017March 6, 2018 by Gambeta News

The director General of Tanzania National Parks (TANAPA), Allan Kijazi received the ‘Africa’s Leading Tourist Attraction’ title in the recent World Travel Awards (WTAs). Kilimanjaro is one of the 16’s parks under TANAPA. At the 24th instalment of the prestigious WTA whose gala was held at the Kigali convention centre in Rwanda on Tuesday, Kilimanjaro tends to be one of Tanzania’s three resorts that won in the African category. Kilimanjaro Mountain has won the title…

WILO SET TO OPEN ASSEMBLY PLANT IN NAIROBI

Posted on October 11, 2017 by Gambeta News

Wilo to open new facility in Nairobi as part of their expansion into the East Africa region. Wilo which is one of the world’s leading manufacturers of pumps and pump systems for the building technology, water and industrial sectors is set to open an assembly plant in Nairobi that will serve the entire East African region. Wilo Country Manager, Belete Asnake; “Currently, we have hired 20 people for the new regional office and will however expand our…

Africa’s food currently fortified to address malnutrition

Posted on October 9, 2017October 9, 2017 by Gambeta News

Dangote Industries Ltd pledges commitment towards Africa’s continued growth through fortifying it’s processed foods with essential nutrients to address malnutrition. Africa according to Aliko Dangote (President, Dangote Industries Ltd) is projected to have the world’s largest workforce by 2030. This abundance of human resources can be seen as a blessing or a curse, depending on the decisions we make today. According to Mr. Dangote, “we need to invest in their health and wellbeing, and perhaps…

HYATT HOTEL TO BUILD NEW FACILITIES IN SIX AFRICA COUNTRIES

Posted on October 4, 2017 by Gambeta News

Hyatt hotel set to expand its business with the planned construction of six resort across Africa. Hyatt hotels and resort which is an american operator, franchiser of hotels, resorts, and vacation properties has announces plans to construct at least six resort in Africa before 2020. The listed countries include; Cameroon, Algeria and Senegal which will be the first three to be constructed before Morocco and Tanzania. The Initiative is expected to lead business growth and international travel on…

ZAMBIA ON A PROGRESS LANE WITH NUCLEAR SCIENCE

Posted on September 19, 2017September 19, 2017 by Gambeta News

African countries have made significant steps in nuclear science development under the guidance of the United Nation’s International Atomic Energy Authority (IAEA) and its key member states. IAEA organizes a rolling program of training and courses for African professionals from across the continent to gain knowledge and skills in the nuclear field. The results from East African countries are already substantial. With the help of international training and assistance Tanzanian doctors are now able to deliver…

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