African Business News

China, Kenya pledge closer cooperation

Chinese Vice President Xi Jinping and Kenyan Prime Minister Raila Amollo Odinga on Thursday agreed to further promote bilateral cooperation between the two countries.

The two leaders met on the sidelines of the Fifth Ministerial Conference of the Forumon China-Africa Cooperation (FOCAC),

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It is easier to do business in Kenya now, says KenInvest

The Kenya Investment Authority says changes in the regulatory and business environment will make Kenya the preferred FDI destination in the East African region.

Kenya attracted investments worth $470-million in the first half of this year, largely from foreign investors, data from the Kenya Investment Authority (KenInvest) shows.

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Cement maker to start production mid this year

Kenya's sixth cement manufacturing company, Savannah Cement, is set to start production in the second quarter of this year, its chairman, Benson Ndeta, announced Wednesday.

The cement plant, which cost a consortium of Chinese and local investors Ksh8- billion,

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Tanzania: Natural Gas Industry Will Fuel Economic Development

Tanzania is a blessed country with natural resources which could make any developing country green with envy and the discovery of natural gas is one example of the richness of the country.

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