Japan Overtakes China as Kenya's Biggest Source of Bilateral Loans
In the budget estimates for the financial year starting July 2022, the Treasury has listed Japan as the largest source of bilateral loans and grants, overtaking China, which has been [...]
Tanzania Signs Deal with Japan to Decongest Dar es Salaam
Tanzania has signed a partnership deal with the Japan International Cooperation Agency (Jica), seeking to decongest the Dar es Salaam. The project titled “Transit-Oriented Development (TOD) for Dar es Salaam” [...]Telkom Lands New 6th Subsea Cable in Kenya
Telkom has landed a new subsea fibre optic cable in Mombasa, Kenya, seeking to offer higher internet speeds, lower latency and broader bandwidth. The launch of the Pakistan and East [...]Shelter Afrique to Only Finance Affordable Housing Projects
Shelter Afrique, the Pan-African mortgage lender has developed a ‘Housing Affordability Calculator’ to vet proposals by developers pitching for affordable housing financing. The calculator requires the user to input the [...]
Ethiopia Inks $29 Million Infrastructure Deals with Chinese Firms
Ethiopia has inked a deal worth $29.17 million with two Chinese companies to modernise the country's transport sector, with a view of maintaining its economic growth trajectory. The first agreement [...]KPA's New KSh32 Billion Mombasa Terminal Almost Ready for Operations
Kenya Ports Authority's (KPA) new KSh32 billion container terminal in Mombasa is almost ready for operations, with president Uhuru Kenyatta set to officially launch it at the end of this [...]CBK Accepts KSh 98.6 Billion from February 19-year Infrastructure Bonds Sale
Central Bank of Kenya(CBK) received bids worth KSh 132.3 Billion at the auction of the 19-year infrastructure bonds sale against its offer of KSh 75 Billion, an over subscription of [...]
Morocco Begins Construction of $562 Million Vaccine Plant
Morocco has begun the construction of a new $562 million vaccine plant with the capacity to produce 116 million vaccines in 2024. The new ‘SENSYO Pharmatech’ factory in the coastal [...]Kenya to begin work on Transnational Road link with Tanzania
Kenya has started the documentation processes for the dualling of the 40 Kilometre Mtwapa-Kilifi Road. The project is part of the 460 Km Malindi-Tanga-Bagamoyo East African corridor which is a [...]Bamburi Cement switches to Solar Power
Bamburi Cement PLC has signed a Power Purchase Agreement (PPA) with an Independent Power Producer, MOMNAI Energy Limited, to set up two Solar Plants adjacent to the company’s Mombasa Plant [...]Kenya in Partnership with UK to Build the Nairobi Railway City
Kenya is partnering with the United Kingdom(UK) to build a new rail hub in Nairobi. This project is poised to be the largest and most ambitious development ever to be [...]Shelter Afrique Receives $1.7 Million Investment from DRC
The Democratic Republic of Congo (DRC) has cleared its outstanding capital arrears of $1.7 million in Shelter Afrique, raising its stake in the company from 1.68% to 2.46%. DRC now joins [...]
