East Africa has emerged as the strongest performing region on the continent for foreign direct investment (FDI), after recording an 82% increase in FDI projects in 2017. EY Global’s 2018 Africa Attractiveness report found that the region accounted for 30% of the continent’s total new FDI...
The President of Kenya Uhuru Kenyatta has revealed a plan to reach 100% clean energy sufficiency by 2020, as part of the East African nation’s pledge to address climate change. Speaking at a roundtable discussion on climate change policies at the Paris Peace Forum, Kenyatta said that...
Chairman of the Lake Turkana Wind Power Project Mugo Kibati has revealed that all 365 turbines will be connected to Kenya’s national grid by the end of the month. Kibati said that around 225 turbines have been connected to the power grid as of last week,...
Nairobi has been named East Africa’s wealthiest city and the sixth richest in Africa, according to a new study by New World Wealth and AfrAsia Bank from Mauritius. The report estimated that there is approximately KES5.4 trillion of privately held wealth in Kenya’s capital, with growth...
Liner shipping firm Hapag-Lloyd has targeted East Africa, especially Kenya, as a key growth market after the successful launch of its first dedicated goods transportation service to the region. The Germany-based company recently initiated the East Africa Service (EAS) - a weekly service that sails from...
Tullow Oil (LSE:TLW) has announced the discovery of oil in a region of Kenya thought to contain at least 750 million barrels of oil. The Africa-focused firm said an exploration well was drilled in its Emekuya-1 well in the Northern section of the South Lokichar basin,...