African Business News

Centum plans to construct exclusive city in Kilifi County, Kenya

The construction of an exclusive city in Kilifi County at the Kenyan Coast is set to commence; this is according to NSE-listed investment company, Centum which is the company behind the mega project. The city will sit on a 9,500 acre piece of land.

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Building to House Tanzanite Dealers Underway

Dodoma — Government in collaboration with the Arusha International Conference Centre (AICC) plan to put up a building in Arusha City to house all transactions related to Tanzanite minerals.

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Meru County Looking for Sh1.6 Billion to Build an 18-Storey Tower

Meru County Investment and Development Corporation (MCIDC) is seeking to raise Sh1.6 billion to build an 18 storey multi-use commercial building in the town.

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Tullow gets boost in Maersk Oil Kenya deal

Africa Oil Corporation, the partner of Tullow Oil Plc in Kenya has received Sh43.6 billion ($427 million) from Maersk Oil & Gas of Denmark in exchange for half of its stake in three exploration blocks located in the Lokichar basin.

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