Dutch firm Opens New Cold Storage in Nairobi
Beemsterboer Coldstore Services (BCS), a Dutch-based firm, has opened a cold store in Nairobi with space for 4,000 pallets. Besides these new premises in Nairobi, the Dutch firm has been [...]
Kenya, China Sign Energy Deal as Two Explore SGR Extension
Kenya and China have signed a deal to enhance the flexibility and reliability of Kenya’s electrical grid. The Memorandum of Understanding (MoU) between the Ministry of Energy and Petroleum and [...]
Kenyan Construction Firm Joycot Banned From AfDB Projects Over Fraud
The African Development Bank Group has announced a 15-month debarment of Joycot General Contractors Ltd, a construction company registered under the laws of Kenya, effective September 8, this year. According [...]Comesa Ministers Link High Transport Cost to Inadequate Infrastructure
Inadequate rail, road, air and waterways network is driving up the value of exports by as much as 70 per cent for the landlocked countries within the Comesa region. Ministers [...]Kenya Signs USD60million Grant Targeting E-Mobility
Kenya has unlocked funds to address challenges limiting connectivity in urban areas and strengthen the land sector. The Millennium Challenge Corporation (MCC) and government officials led by President William Ruto [...]Kenya to Commence $ 13.8B Lamu, Ethiopia, South Sudan SGR Project in 2025
Kenya will in 2025 begin constructing a $ 13.8 billion high-speed electric standard gauge railway linking its Indian Ocean port of Lamu to Ethiopia and South Sudan. The 3,000 km [...]ATIDI Insures EUR 300 Million Loan for Tanzania’s Projects
African Trade and Investment Development Insurance(ATIDI) has insured a EUR300 million loan facility issued by Deutsche Bank AG to the Government of Tanzania.The facility will finance several infrastructure projects included [...]East African Cables Group's Administration Frozen by Court Action
East African Cables has obtained a court injunction stopping the appointment of an administrator to the firm, in a notice issued by Equity Group, dated 16th June 2023. This move [...]Sudan Signs $6 Billion Deal with UAE for New Red Sea Port
Sudan has signed a preliminary agreement with a group led by the UAE's AD Ports Group and Invictus Investment to build and operate the Abu Amama port and economic zone [...]Shelter Afrique Announces Plans to Tap into Pension Funds for Affordable Housing Projects
Shelter Afrique has announced plans to tap into the East Africa capital markets and pension funds to finance affordable housing projects in the region. Shelter Afrique’s Ag. Managing Director, Kingsley [...]Gov't to Lay Additional 100,000 Km of Fibre-Optic Network in 5 Years
The Government of Kenya has announced plans to lay an additional 100,000 kilometres of the national fibre-optic network, seeking to reduce the cost of calls and mobile data charges to [...]Shelter Afrique Approves $18.5 Million Loan for DRC
Pan-African housing financier, Shelter Afrique has approved an $18.5 million corporate loan to a Democratic Republic of Congo-based developer (Maison Super Development (MSD)) for three housing projects. The five-year facility [...]
