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 […]
Tanzania
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 […]
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 […]
Tanzania: Depleting water reserves to impact irrigated farming
Tanzania’s government plans to increase irrigated farming and the country’s high susceptibility to drought has resulted in low water reserves at two hydropower facilities, prompting […]
Tanzania earmarks $ 2 billion for roads construction in Dar Es-Salaam
The Tanzania government is planning to invest 4.394 trillion shillings ($ 2 billion) to build new road infrastructure and launch a rapid transit bus to […]
Kenya: Diamond Trust Bank to open branches in Madagascar and DRC
Kenya’s Diamond Trust Bank (DTB) has announced interests in extending operation in Africa. Ranked Kenya’s seventh biggest bank by assets is planning to use part […]
Burundi: President sacks anti 3rd term campaigners
Burundi will be holding presidential elections in June but tensions are already rising on the possibility that President Pierre Nkurunziza could compete in the polls […]
Over $ 1 Billion to Improve Access to electricity in Sub-Saharan Africa
The U.S. government announced last week it will invest more than $ 1 billion to improve energy access for underserved communities across sub-Saharan Africa. The […]
U.S. Earmarks a $7 billion investment to double access to electricity across sub-Saharan Africa
President Barack Obama announced over the weekend Washington will earmark a $7 billion investment over the five coming years to double populations’ access to electricity […]
Africa: OPEC Fund to finance socio-economic development projects
The OPEC Fund for International Development (OFID) will extend 13 loans and grants totaling about US$66 million to 34 partner countries, many of them in […]