Lamu port - South Sudan-Ethiopia-Transport (LAPSSET) corridor project will be Kenya's second transport corridor after Kilindini port. The port will have 32 400m-long berths along 6km coastline. This will be the biggest infrastructure project in East Africa. The port is part of the ksh2.5 trillion project that Kenya intends to use to enhance regional intergration by linking Kenya, Ethiopia and South Sudan. The port will have freight logistic hub, ICT parks and economic zones ideal for an industrial hub. The construction
According to Science Direct magazine, renewable energy is boosting Morocco's electricity production, and the Kingdom has become a net exporter to Spain. The solar thermal complex at the Noor Quartzazate in the Atlas mountains is at the heart of the country's renewable energy drive, producing over 380 MW of electricity which is the largest in the world. There are other massive projects that is part of its goal of boasting its clean energy output. Morocco present distinct opportunities for the EU in its quest
Uganda manufacturer are being crowded out of East Africa Community Market by non tariff barriers (NTB). From closed boarder with Rwanda to outright flouting of EAC Common Market (CM) protocol by Kenya and Tanzania, Uganda manufacturers access to EAC Market has shrunk. Kenya and Tanzania are blocking Uganda exporters from accessing their markets, yet all three countries are in a common market. The EAC Common Market had started with smooth trade but when Uganda reported a trade surplus with Kenya, for the first
Marikiti market is a popular place in Mombasa county where traders usually meet to trade their goods and services to residents of Mombasa. The majority of traders usually come from Mombasa county and its environs. Today chaos erupted at Marikiti market after a section of traders clashed with each other. In a video shared online by KTN presenter Ali Manzu, a group of traders is seen fighting while exchanging blows. Others are seen throwing heavy objects at each other. The cause of the fights still unestablished
The Energy and Petroleum Regulatory Authority has announced Increase in fuel prices effective today. This fuel Increase will have far reaching consequences on the daily lives of Kenyans. For instance, the cost of production for industries that rely on petroleum fuels such as diesel to run their large engines is likely to increase. The increased cost of production means prices of everyday commodities such as maize flour, cooking oil and bread among others is likely to go up. Further, the price of groceries such
Vehicles owners to start paying more money for petroleum products as Petrol and Diesel increase by Sh7.63 and Sh5.75 per litre respectively.The Energy and Petroleum Regulatory Authority also increased the price of Kerosene by Sh5.41 per litre not minding people who rely on it.
In the past twelve months, the global oil and gas industry has faced significant disruption from COVID-19 and resultant dual supply and demand shocks. In its annual review, Africa Oil & Power (AOP) highlights the key developments that have not only shaped 2020, but also influenced energy investment and policy on the continent in 2021 and beyond. 1. Nigeria (101.4 million metric tonnes). Nigeria, Africa’s largest oil producer and also home to the second-largest proven oil reserves in Africa, produced more than
H.E Governor Mutahi Kahiga joined members of the Kenya National Chamber of Commerce and Industry (KNCCI) and the Kenya Export Promotion and Branding Agency (KEPROBA) for a trade facilitation and pain areas alleviation forum held in Nyeri town. The forum sought to provide solutions to export constraints arising from the insights of exporters into the hurdles they face in their quest to establish themselves as employers and earn the much needed foreign exchange for the national economy. Governor Kahiga noted
Trade between kenya and Ethiopia is expected to increase significantly in the coming years, as a result of investment in roads connecting the two Nations. Trading data between the two biggest economies in East Africa has been embarrassingly low for many years despite huge potential the region pose. Kenya's export figures to Ethiopia were US$ 63.81M in 2019 according to the United Nations COMTRADE database on international trade. Still very low trading figures between such big neighbouring economies. Ethiopia
The Energy and Petroleum Regulatory Authourity have announced new prices of Diesel, Kerosene and petrol in the country.This change will lead to increase in the cost of the three fuels per litre.
New markets have been built in ome parts of Nairobi with an intention of clearing crowded city markets. For instance in gikomba a 493 million market has been built though it is yet to be inhabited. There is also other markets built; the wakulima market at Kangundo road which is to be occupied by the traders located at hallie Selassie avenue and Mwariro market that has a total of 360 stalls which will be given to those who previously traded there but some spaces will remain. There is also the westlands market.
Motorists are entitled to relief following an all-inclusive decrease in fuel prices declared by the Energy and Petroleum Regulatory Authority (EPRA) in the mid-month analysis on Saturday. From midnight, the cost of super petrol is projected to decrease by Ksh1.42, while that of diesel would decline by Ksh.2.21. Similarly, kerosene prices will fall by Ksh.2.10 per liter, rounding off the all-inclusive reduction in fuel costs. The decline in fuel prices has been traced by EPRA to a decrease in the overall cost
Remember when CS Treasury Yatani Ukur asked Kenyans to brace for hard times ahead?Kenyans will have to dig deep into their pockets for the next days for fuel products following government's announcement.
Kenya and the United Kingdom have signed a 220 billion trade deal, that will make Kenya and the rest of the East African countries enjoy a duty free fresh produce export to the country. The deal signed, has a potential of 5% increase in export by 2025 said Mr Hosea Machuki, the Chief Executive Officer of the fresh produce exporters association of Kenya, during this year's KUSI Ideas Festivals that was concluded yesterday in Kisumu County The economic partnership between Kenya and UK was signed on Tuesday in
Petrol users will part with more for fuel with the commodity seeing the greatest jump in costs at Ksh.8.19 in the latest review of maximum pump prices. All three petroleum commodities have registered increments with diesel and kerosene prices soaring by Ksh.5.51 and Ksh.5.32. According to the Energy and Petroleum Regulatory Authority (EPRA), the changes in prices are a consequence of a rise in the landed cost of petroleum imports in the last one month. Petrol will now retail at Sh115.18 per litre in Nairobi,
Owners of public and private transport vehicles will pay more after the Energy and Petroleum Price Regulatory Authority (EPRA) raises fuel prices from Friday. In a statement, EPRA stated that the price of petrol, diesel and kerosene will increase by 17 cents, Sh4.57 and Sh3.56 respectively per liter. This means that those who have invested in the transport sector as well as many Kenyans who use kerosene will be more likely to buy oil at new prices until February 14th. Previously, the price of soup petrol was
Here Is The World's Largest Producer Of Oil And Largest Consumer. 27th December 2020, Nairobi Kenya. Oil is also refered to as the black commodity as some of the nation's that do produce do always have some instability. On the other hand, oil is a very lucrative business and it do has a lot of money. The largest producer and consumer of the oil in the world is the United States of America (USA) and they have being producing oil for several years now on their huge oil fields. The United States do produce about
The fuel regulatory has announced the new fuel prices that took place from midnight on Thursday, diesel, super petrol and kerosene have been increased by 4.57 shillings per litre, 17 cents per litre and 3.57 shillings per litre respectively. The new fuel prices in Nairobi are as follows; super petrol going for 106.99, diesel going for 96.40 and kerosene now going for 87.12. In Mombasa new prices are as follows; super petrol will now cost 104.60, diesel will go for 94.01 and kerosene now increased to 84.75
(The trade deal will will will boost Export Trade in the country photo source:courtesy ) Committee on trade, industry and entreprise development chaired by Hon Adan Haji, Mp Mandera South has said its ready to table the agreement before parliament after a three day meeting with stakeholders. The committee has been meeting with stakeholders
The wealthy business people have reaped huge profits from the importing and exporting of goods, this would be a dream come true for some of the business people. Although many people do not know the amount of money that is invested in this kind of business. Here is the breakdown of the expenses involved in the import and export business. 1, Firstly, you have to consider the capital for starting such a business, you would roughly need about five million so as to be able to buy many goods at once in many containers,