Coffee giant Starbucks to open stores in Sub Saharan Africa in 2016
After it struck a deal with Taste Holdings on Tuesday, the coffee giant Starbucks says it will open stores in sub-Saharan Africa for the first […]
Business
Kenya & Tanzania to build 510 km high-voltage power line
Tanzania and Kenya are in a move to build approximately 510 km of 400 kilovolt (kv) high-voltage power line and several substations as part of […]
East Africa : Maersk expects 10% Freight Growth
The Danish shipping company A.P. Moeller-Maersk A/S freight volumes is expected to grow by 10 percent in the East African region this year due to the acceleration […]
Kenya: Uchumi Supermarkets to close underperforming branches
Uchumi, the oldest supermarket chain in Kenya could shut down some of its underperforming branches resulting in job losses as it restructures its business, the […]
Côte d’Ivoire signs concession deal for Abidjan urban rail line
Côte d’Ivoire has launched massive upgrades to its roads infrastructures and the government in this vision signed on Monday a concession agreement with France’s Bouygues […]
South Africa will import white maize from Mexico
South Africa’s recent drought has forced the country to import maize again. The news comes after confirmation that South Africa will import about 50-thousand tons […]
Egypt to sign Cooperation Strategy Deal with AfDB
Egypt is to sign this month the country strategy agreement with the African Development Bank (AfDB), official source said on Saturday. The minister of International […]
West-Africa: Akon Lighting Africa to invest $ 200,000 in Energy
The Akon Lighting Africa initiative will give $200 000 dollars to support the newly created Western African Energy Leaders Group. The financial commitment was made by the […]
Kenyan Diaspora sends home Sh12.9bn in May
Kenyans working abroad sent home Sh12.9 billion in May, a 7.6 per cent increase from the Sh11.9 billion remitted in May 2014. Yet, the government […]
Nigeria: Transcorp plans to increase power generation capacity by 2018
Transnational Corporation of Nigeria (Transcorp) is planning to expand its power generation capacity to 2,500MW by 2018 with an investment of $1.57bn. Transcorp, which also […]