Home » Archives by category » Business

Dutch Bank In Sh103bn Injection For Coffee

Coffee farmers are set to benefit from Sh103 billion ($1 billion) partnership deal between Dutch Rabobank and Unep aimed at raising production, processing, volumes and quality of produce.   The multinational headquartered in Utrecht, Netherlands, Tuesday said the grant is a three-year initiative pushing for a more sustainable food and agricultural sector. “This new kick-start […]

Germany’s water pumps and pump systems manufacturer Wilo is set to open an assembly plant in Nairobi. The firm’s Country Manager, Belete Asnake, Monday said the assembly plant will be fully operational by 2020. It is targeting to serve the entire Eastern Africa. “Currently, we have hired 20 people for the new regional office but […]

Continue reading …

The Kenya Maritime Authority (KMA) has hired a German consultant to conduct a study aimed at boosting its safety and security oversight and raising the country’s global competitiveness. The study, being conducted by HPC Hamburg, a subsidiary of Hamburg Port in Germany, is funded by the World Bank to the tune of Sh120 million. Acting […]

Continue reading …

Kenya has asked Spain to nominate a new firm to complete the much delayed Lake Turkana Wind transmission after it terminated an earlier contract awarded to a debt-ridden Spanish contractor. Energy secretary Charles Keter said because the power line is funded by the Spanish government, Nairobi has asked Madrid to scout for a new contractor […]

Continue reading …

Italian billionaire and ex-Formula One boss Flavio Briatore has said he is seeking a buyer for one of his exclusive luxury beach hotels in Malindi amid low tourist numbers.   Mr Briatore, through his hotel manager Philip Chai, said the move to sell the Lion in the Sun resort was occasioned by dwindling holidaymakers over […]

Continue reading …