African Business News

US to finance the gist of an Oil pipeline in Kenya

The Kenyan oil industry is set to receive a financial boost of US$1.3bn from the American Government as they have expressed interest in funding the construction of an oil pipeline in Kenya that will link the northern oil fields to Lamu.

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Renewables up, fossil fuel stocks down

2015 was a landmark year for climate action. Its many highlights were topped by a Paris agreement where 195 countries set themselves on a low-carbon path via economy-wide plans sure to be developed and strengthened every year.

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Ghana’s Tema Port expansion project to start in FY16

Ghana’s Tema Port expansion project is expected to kick off any time thisyear, Marketing and Public Relations Manager Paul Asare Ansah, has announced.The US$1.5bn project will start off with phase I which will take about 3 years to complete.

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Project to ease Mombasa-Nairobi highway traffic congestion underway

Traffic snarl ups along the Mombasa - Nairobi highway are expected to ease following drastic measures to address gridlocks like those experienced during the recent rains.

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