January 2011 Blog Posts (21)

The East African Legislative Assembly (EALA) is urging the Private Sector to take advantage of the Common Market Protocol to enhance economic integration of the EAC region.

Consequently, the EAC Partner States have been encouraged to rid the region of Non-Tariff Barriers to spur a conducive environment for businesses to thrive.

EALA Speaker, Hon Abdirahin H. Abdi made the remarks at a dinner hosted for EALA members by the Kenya Association of Manufacturers…

Ethiopian Airlines has taken another leap forward by receiving its third brand new 777–200LR. The 3^rd 777-200LR arrived at the Addis Ababa Bole International Airport this morning at 0830 LT, carrying passengers from Seattle and Washington.

Ethiopian Airlines plans to substantially increase its network worldwide which will be supported by technological and environmental advanced fleet. This move will, no doubt, enable Ethiopian to provide competitive and enhanced…

Regional integration of the banking system in East Africa and COMESA is setting a technology bar that the majority of the region’s banks are struggling to meet.

COMESA has committed to upgrading the region’s banking capabilities as an essential platform for cross-border trade and investment. But progress has been stilted to date, with a large number of local banks remaining backward in their service delivery.

In an effort to…

Diageo ha launched its annual Africa Business Reporting Awards (DABRA). Initiated by Diageo in 2004, the Awards recognise excellence in business journalism about Africa with a view to strengthening and encouraging more coverage within Africa and to increase the continent’s share of voice in the international media.

The Award was initiated in 2004 and has grown year on. In 2010 attracted over 700 entries from more than 25 countries.

As we are all aware, African media is…

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The MasterCard Foundation and Equity Group Foundation today announced a $50 million partnership that will provide secondary education scholarships and leadership development to 5,600 students in Kenya. The scholarships will cover tuition, books, uniforms and stipends for students who are academically gifted yet economically disadvantaged, enabling them to complete their secondary education. The program is also supported by UKaid. Wings to Fly was launched by Kenyan President Mwai Kibaki. The…

In a ceremony in Dar es Salaam today, global fertilizer company Yara International ASA launches a USD 20 million investment into a new fertilizer terminal by the port in Dar es Salaam. “This strengthens Yara’s long term commitment to development of Tanzania’s agricultural sector,” says Yara’s CEO Joergen Haslestad.

“Through our strategic partnerships, including the one with the Tanzanian Government, we have gained a strong belief in the positive prospects of agricultural…

The Secretary General of the East African Community, Amb. Juma V. Mwapachu is to launch Monday 17 January 2011 a four-day inaugural meeting of the High Level Task Force (HLTF) to negotiate the Protocol to establish the East African Monetary Union (EAMU). The meeting takes place at the Mt. Meru Hotel in Arusha, Tanzania.

The HLTF, constituting senior officials from the Partner States Ministries of Finance, Planning and Economic Development, East…

National carrier Kenya Airways has signed a cash handling partnership with the National Bank of Kenya, making it easier for cargo customers to pay freight, duty and handling charges at one stop shop.

The partnership signed between the Africa Cargo Handling Ltd, which is a wholly-owned subsidiary of Kenya Airways and the bank, will see the airline’s cargo customers pay their freight and handling charges at National Bank branches within the cargo facilities at the Jomo Kenyatta…

Florida based GreenWorld Development,  the American-Irish “Green and Health Technologies” conglomerate, is in negotiations to modernize the Kenyan water system.

Clean water is becoming more and more of a rare asset — especially in Sub-Sahara Africa. GreenWorld Development, Inc. (Ticker Symbol: FRXP) has entered into negotiations with global players in the water technology industry to support the Kenyan water…

KCB plans to launch mortgage operations in Rwanda and Uganda in the coming month, February 2011. According to Divisional Director Caroline Kariuki, KCB Mortgages will also be rolled out in the other KCB subsidiaries in Tanzania and Southern Sudan by the end of 2010. “We will be fully operational in Rwanda beginning February 2011 and  hope to launch in Uganda within the first quarter of 2011 as we continue with our regional expansion strategy,” said Kariuki.…

A South African bank funds neighboring nations' energy efficiency projects, including a solar water heater project in Tanzania.



The Standard Bank Group of Johannesburg also has ongoing projects in Uganda and Kenya that encourage civil, social and economic development in the third-world nations, according to the African Business Review. And the bank is looking toward additional projects to widen its…

Nevsun Resources  is pleased to announce its successful first gold pour at the Bisha Gold Mine during late December. The first pour was part of the plant commissioning process and rendered two dore bars totaling 26 kilograms (approx. 920 ounces).

President Cliff Davis stated, “Nevsun’s first…

Massive development plans in the hydrocarbon sector have catapulted the UAE to the second largest potential energy investor in the Middle East and North Africa (MENA) in the next five years, according to official data.

Energy investment requirements in the UAE are estimated at around $74 billion during 2011-2015 and…

East Africa Bottling SC Coca Cola has received seven IVECO 380 trucks it bought at a cost of 23 million Br from AMCE as part of its 107 million dollar expansion plan for the next five years.

The trucks were bought for three million Birr each after the people who had initially ordered the trucks changed their minds about…