African Business News

German elevators firm eyes Kenya’s real estate sector

A Germany-based firm has entered the Kenyan market, targeting the booming property sector to move sales of its elevators, escalators and passenger lifts.

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Kenya and Uganda to establish company to manage crude oil pipeline

Kenya and Uganda are making plans to set up an oil company to be owned by all the stakeholders in the $4 billion crude oil pipeline deal.

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UK government backs African 'solar energy revolution'

The UK government has vowed to play a leading role in delivering a "solar revolution" across Africa, arguing the technology has the potential to transform energy access across the continent.

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Zimbabwe: U.S.$10 Billion Needed for Power Plants

About 13 Independent Power Producers (IPPs) that were licensed, some of them five years ago, to construct power plants worth about $10 billion, are failing to raise the required capital, Zimbabwe Energy Regulatory Authority (ZERA) chief executive Engineer Gloria Magombo disclosed yesterday.

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