Japanese organisation financing new Mombasa container terminal Published by Dinfin Mulupi on 24 May 2010 The Kenya Ports Authority (KPA) has said designs for the construction of a KSh.16 billion (US$202 million) second container terminal at the Mombasa port will be ready by June.
Fortune favours the brave (and patient) Published by Jaco Maritz on 22 May 2010 The Imara Group is one of the pioneers in Africa’s investment banking and asset management space. The group invests in numerous stock exchanges across the continent. Jaco Maritz spoke to John Legat, chief executive officer of Imara Asset Management.
Cameroon signs trade agreement on tropical hardwood Published by Staff Writer on 20 May 2010 The European Union (EU) and the Government of Cameroon last week announced a trade agreement in which Africa’s biggest exporter of tropical hardwood to Europe has agreed to ensure wood traded within the country and shipped from Cameroon to the EU and other destinations worldwide contains no illegal timber.
Dutch company seeing potential in polluted water Published by Dinfin Mulupi on 20 May 2010 Multi Purpose Industries (MPI), a Dutch company specialising in potable water solutions, has launched a state-of-the-art decentralised water purification unit in Kenya. MPI has invested over US$70 million in the project.
SABMiller records growth in its African markets Published by Staff Writer on 20 May 2010 London-based brewer, SABMiller, has recorded an increase in its African sales volumes during a year in which economic growth slowed as a result of the global economic recession, and which also resulted in weaker currencies, increased cost of debt and higher inflation.
South African firm moves into Nigeria’s insurance market Published by Staff Writer on 20 May 2010 South African financial services group, Sanlam, has entered into a joint venture with First Bank of Nigeria plc to form a new insurance firm, FBN Insurance Company Limited.
Chinese investment in Zambia questioned Published by Staff Writer on 18 May 2010 The leader of Zambia’s main opposition Patriotic Front (PF) party says the government’s announcement of a US$1 billion Chinese investment to help build an electric power plant is a “cheaply conceived” ploy to garner votes ahead of next year’s general elections.
Does a municipality need licensing to construct a waste-to-energy plant for own use? Published by Staff Writer on 17 May 2010 One does not need licensing to construct a power plant in South Africa if it is for “own use”. Business can install power plants for own use without a licensing requirement. What about when it comes to municipalities if you develop a waste-to-energy project as a municipality. Would this still be defined as “own use”?
A single East African currency by 2012? Published by Dinfin Mulupi on 17 May 2010 Talks are ongoing between central banks of the East African Community member states on the introduction of a single currency by 2012. If negotiations among the member states succeed the EAC countries would have a single currency in the next two years.
Private firm tackling Nigeria’s power problems head on Published by Staff Writer on 17 May 2010 Nigeria’s power supply problems are having a detrimental effect on the economy. Geometric Power Ltd has taken the bull by the horns and is currently developing its own independent power project in the southern city of Aba.
Belgian company starts wind energy project in Africa Published by Staff Writer on 14 May 2010 Belgian green electricity company, Electrawinds, has begun the construction of a wind turbine in the harbour of Coega, near Port Elizabeth, South Africa.
Indian firm to establish cement plant in East Africa Published by Dinfin Mulupi on 13 May 2010 Cemtech Sanghi Group, a subsidiary of the India-based cement giant, Sanghi Group, will this month begin construction of a Ksh.14 billion (US$180 million) cement project in the West Pokot district in the Rift Valley Province of Kenya.
High hopes for commercial gas find in Kenya Published by Dinfin Mulupi on 13 May 2010 Kenya is an inch closer to striking natural gas, the Minister for Energy Kiraitu Murungi has said.
$5 per month for a computer? Published by Staff Writer on 11 May 2010 South African mobile operator, Vodacom, has announced the launch of Linkbook – a low-cost compact computer designed specifically to provide users with simple and affordable internet access.
