Search Results for: Kenya

MALAWI WORKS MINISTERS SAYS ROAD CONSTRUCTION TO RESUME AFTER RAINNY SEASONS

Posted on by Gambeta News

Minister of Transport and Public Works, Jacob Hara, has said road construction works by government will resume when the rains the country is experiencing subside. Hara said all the resources are available and that roads like the M1 and M5, the six-lane Kenyatta Drive and the dual-carriage way from Crossroads to Kanengo in Lilongwe will all be constructed as soon as the rains are over. He added that in a drive to have forex available…

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HOW ENTEBBE AIRPORT EXPOSURE IS HELPING UGANDA

Posted on by Gambeta News

Uganda’s engagement with China has often seen officials from Kampala troops to Beijing for loans, resulting in a rising debt situation with the Asian giant over the last decade. Ugandan projects whose funding has been negotiated with the Exim Bank include $2.2 billion for the SGR, $1.44 billion for the 600MW Karuma hydroelectric dam, $482 million for 183MW Isimba power dam, $350 million for the 51km Kampala-Entebbe Expressway and $200 million for Entebbe International Airport…

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TANROAD SIGNED DEAL TO CONSTRUCT TARMAC ROAD IN TANZANIA

Posted on by Gambeta News

The Tanzania National Roads Agency (Tanroads) has signed a Sh38.359 billion deal with a Turkish firm to construct a tarmac road that is expected to ease coal transportation to neighbouring countries. AVM-Dilingham Construction International Inc will build the 32-kilometre road connecting Ibanda, Kajunjumele, Kiwira, and Itungi Port. The company got the contract following a competitive procurement procedure through Tanroads in which six firms expressed interest. Speaking at the signing ceremony, minister in charge of Works…

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RWANDA AVIATION: HOW MAJOR DEVELOPMENT SHAPED THE INDUSTRY

Posted on by Gambeta News

From the Covid-19 pandemic to the recovery strategies, it has been another bumpy year for the global aviation industry. For many countries, Rwanda inclusive, the busy holiday season was beset by flight delays and cancellations, largely attributed to the resurrecting-air traffic. Still, as the country ushers in a new year, there was cause for celebration in the local aviation industry for the past year which could be capitalized on to return to profitability in 2023….

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SOMALIA REJECT OIL PERMISSION CLAIM FROM SOMALILAND

Posted on by Gambeta News

Somalia rejected on Wednesday what it called an “illegal claim” by Genel Energy (GENL.L) to oil exploration and exploitation rights in the country’s northern breakaway region of Somaliland, the country’s oil ministry said. Somaliland claimed independence from Somalia in 1991 and has been largely peaceful while the rest of the country has grappled with three decades of civil war, but its leadership has failed to gain widespread international recognition. In a statement, Somalia’s oil ministry said it…

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RICA EXPLAIN BAN ON STEEL BARS IN RWANDA

Posted on by Gambeta News

Substandard steel bars which are said to have a grade of ‘upper yield strength below 500MPa (500N/mm2)’ will no longer be accepted on the Rwandan market according to Rwanda Inspectorate, Competition, and Consumer Protection Authority (RICA). The said grade means a lack of tensional force resistance per square millimetres. Operators and users have been granted six months to deplete their current stock and no new order is allowed except those done before with proof, RICA announced. The…

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CEMENT COMPANY TO UNVIEL GREEN TRIANGLE CEMENT TO MINIMISE CARBON EMISSION

Posted on by Gambeta News

East African Portland Cement Plc has unveiled a Green Triangle Cement to minimise carbon emissions. Green Triangle Cement is standardized under the Kenya Bureau of Standards strength standardization category of 22.5, enabling it to be applied in a wide variety of construction projects and phases. Speaking while launching the product, Ministry of Investments, Trade and Industry Cabinet Secretary (CS) Moses Kuria said the Government’s priority is to see the Cement company back to profitability, adding…

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AFRICA: ENERGY TRANSITION POLICIES AND REGULATORY DEVELOPMENTS LIGHT UP ACROSS THE CONTINENT

Posted on by Gambeta News

Across the continent, countries in Africa are gearing up for the energy transition by implementing policy and legislative frameworks that take into account the energy crisis and the need for a renewable, decarbonized, decentralized energy supply that addresses climate change and the commitments made under the Paris Agreement. Ahead of the United Nations Climate Change Conference, COP 27, in Egypt in November this year, lawyers in Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, South Africa, Tanzania…

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CONSIDER TAX RELIEF FOR BUILDING MATERIAL, RC TELLS TANZANIA GOVT.

Posted on by Gambeta News

Kagera Regional Commissioner (RC), Albert Chalamila, has appealed to the government to consider granting tax relief on essential building materials to help residents in his region which is over 1,000 kilometres far away from Dar es Salaam. ” I appeal to the government to consider giving tax relief on essential building materials taking into consideration that the region is far away from Dar es Salaam (over 1,000 km),” he said at the climax of National…

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AHCN SAYS NIGERIAN HAS ONE OF THE LOWEST HOME OWNERSHIP RATE

Posted on by Gambeta News

The Association of Housing Corporations of Nigeria (AHCN) has decried Nigeria’s low homeownership rate, saying the country ranks lowest at 25 percent, especially when compared to Brazil (74 percent), Kenya (75 percent), South Africa (70 percent) and Indonesia (84 percent). Speaking on the occasion of this year’s World Habitat Day with the theme: “Mind the Gap: Leave No One and Place Behind, President of AHCN, Dr. Victor Onukwugha, said it was sad that at 62…

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IS AFRICA’s RAILWAY PROJECT RUNNING LATE?

Posted on by Gambeta News

The African Union plans to build a huge, modern rail network to connect capitals across the continent by 2033. But the ambitious project needs financing, a lot of work, and much political goodwill. The “Al Boraq,” Africa’s first express train, whizzes through Morocco’s coastal landscape at the lightning speed of 320 kilometers (199 miles) per hour. Named after the magical steed on which the Prophet Muhammad is said to have ridden from Mecca to Jerusalem,…

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SOUTH SUDAN ACQUIRE LANDS AT PORT OF DJIBOUTI TO CONSTRUCT NEW FACILITY

Posted on by Gambeta News

South Sudan has acquired three acres of land at the port of Djibouti for the construction of a facility to handle the import and exportation of goods initially channeled through Mombasa port in Kenya. The Vice President and Chairperson for Infrastructure Development Cluster, Taban Deng Gai said he was directed to travel with officials from relevant ministries and departments for talks with authorities in Ethiopia and Djibouti. He said South Sudan intends to construct a…

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EXPERTS SAYS AFRICA TO HAVE QUICKER ENERGY TRANSITION THAN OTHER CONTINENTS

Posted on by Gambeta News

Africa is set to achieve a quicker transition to renewable energy than any other continent, Mikir Shah, CEO of reinsurer Africa Specialty Risks (ASR). Shah is Kenyan and a former CEO of AXA Africa Specialty Risks. His role in Africa-focused reinsurance gives him a unique perspective on energy investment and projects on the continent. He has been seeing an increase in enquires related to solar, wind, geothermal, and hydroelectric power projects. Solar is leading the way, with interest spread…

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MEDICAL TOURISM: HOW IT IS AFFECTING AFRICA’s HEALTHCARE ECONOMY

Posted on by Gambeta News

Annually, thousands of people globally travel abroad seeking affordable advanced medical care. This is one of the easiest ways to get a passport. Common medical procedures that people undergo on medical tourism trips include dental care, surgery, cosmetic surgery, fertility treatments, organ and tissue transplantation, and cancer treatment – per CDC. This has less been common in Africa, but due to the increasing number of health issues that cannot be cured locally, and the spread of…

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Lessons learned from advising on the world’s largest industrial green hydrogen facility

Posted on by Gambeta News

Global law firm Baker McKenzie recently advised Advanced Clean Energy Storage I, LLC, along with Mitsubishi Power Americas, Inc. and Magnum Development, LLC, in the United States (US) Department of Energy’s (DOE) USD 504.4 million loan guaranty to develop the world’s largest industrial green hydrogen facility in central Utah in the United States. Closed on June 3, 2022, the loan highlights the Biden Administration and the DOE’s commitment toward supporting the clean hydrogen sector. It…

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CONSTRUCTION OF ULTRA-MODERN BIKE CENTRE TO BEGIN IN RWANDA

Posted on by Gambeta News

Four-time Tour de France champion, Chris Froome is leading a campaign to fundraise Euro 300,000 (Approx Rwf320 million) for the construction of an ultra-modern Field of Dreams bike centre that will partly encompass a cycling academy. Froome currently rides for an Israel UCI World Team, Premier Tech, a team that is partnering in the ambitious worldwide fundraising campaign for the construction of the centre. Besides the cycling academy, the 16 acre-facility that will be built…

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RWANDA PRESIDENT LAY FOUNDATION FOR CONSTRUCTION OF KIGALI FINANCIAL SQUARE TOWERS

Posted on by Gambeta News

President Paul Kagame on Tuesday, June 21 inaugurated the construction of the proposed Kigali Financial Square, a business complex set to serve as a regional hub for financial services.  Located in the Commercial Business District, the proposed US$100-million twin towers, owned by Equity Holding Group Plc, are set to be completed in two years.  The construction project was approved by the cabinet in November 2020. The property will be developed by Equity Holding (EH) Venture…

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FUNDS SET ASIDE FOR INFRASTRUCTURAL PROJECTS ON TANA RIVER COUNTY

Posted on by Gambeta News

To protect ranchers and dealers from shifty money managers and to build the Own Source Revenue (OSR), the Tana River County Government is developing two weighbridges and markets at an expense of Sh120million in Kenya. The Department of Trade is wanting to utilize use the cash to resuscitate the Bura market and build new business sectors in Madogo and Kipini and furthermore do weighbridges. “As a Ministry, we are likewise liable for the unit of…

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JUMBO STEEL MILL TO INVEST SH2BILLON FOR KISUMU NEW PLANT FACTOR

Posted on by Gambeta News

A Local steel producer, Jumbo Steel Mill, has put Sh2 billion in another bedding and polyvinyl chloride (PVC) water tank manufacturing plant in Kisumu. The plant which sits on 27 sections of land has been introduced with cutting-edge hardware running on 100% 700kw sun-based power. The speculation focuses to make more than 600 positions for local people. Large Steel Mills Managing Director (MD) Harsh Patel said the office situated at Korowe along the Kisumu-Kericho street…

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HOW POTENTIAL INVESTORS ARE WEIGHING FINANCING SGR PROJECT

Posted on by Gambeta News

Potential investors are weighing income prospects in financing the implementation of the Standard Gauge Railway (SGR) project, according to the African Development Bank (AfDB) Director-General for Eastern Africa, Nnenna Lily Nwabufo. Currently, Rwanda has two route options on the table, the Kenyan Standard Gauge Railway route for the northern corridor and Isaka-Kigali Standard Gauge Railway for the central corridor. The 521-kilometer Isaka-Kigali SGR is projected to cost an estimated $2.5 billion. She disclosed that investors…

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