African Business News

Commercial hubs around railway stations in Kenya set to be constructed

Commercial hubs are set to be constructed around railway stations in Kenya at a whopping cost of US$ 2.1bn. The commercial hubs will be constructed around railway stations in Nairobi, Mombasa and Kisumu.

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First electric railway in Africa launched

The First Chinese-built railway line linking the Ethiopian capital Addis Ababa and the port of Djibouti has been formally inaugurated. Covering a total of 752-kilometer it is the first electric railway in Africa.

The railway which is expected to open more routes and also provide landlocked Ethiopia with a faster access to the port, and encourage industrialization along its route.

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Construction of US$ 30m Pepsi bottling plant begins in Zimbabwe

The construction of a US$ 30m Pepsi bottling plant dubbed Varun Beverages Ltd has commenced in Harare, Zimbabwe.

Director and Chief Executive Officer, Mr. Shankar Krishnan confirmed the reports and said that all the machinery and equipment that are required have been ordered and all resources needed for the completion of the plant were in place.

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Construction of East Africa’s largest solar farm to start in earnest

Construction of East Africa’s largest solar farm is set to start in earnest after the Power plant developer, Rural Electrification Authority (REA), announced that it has concluded a PPA with Kenya Power to sell electricity generated from the solar farm at $0.12/kWh.

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