Tana River County in coastal Kenya braces for ambitious $300 million Organic City
Nicolas Val Delle, a director at the ConKrite Corporation during a press briefing after the ground-breaking ceremony for the construction of the Organic City in Abakik village, yesterday. He said the project would cost Sh39 billion in the next 12 years.
Kisumu on course to building largest pharmaceutical plant in East Africa for $49 million
Currently, Kenya imports more than 70 per cent of its essential medicines, a factor that often makes drugs expensive, vulnerable to stock-outs and exposed to global supply chain disruptions.
Africa outlines plans to spur local drug production to cut dependence on imports
Director of Human Capital Development at the African Union Development Agency, Symerre, emphasised that the three-day conference will ensure local manufacturing and intra-African trade in medical products become a reality.
Ministers: Kenya, Uganda and South Sudan are synchronising timelines for standard gauge railway construction
Uganda’s Minister for Transport Fred Byamukama observed that the three governments have agreed on a nine-week window for technical teams to validate the project’s business potential and align work plans.
World’s wealthiest man Elon Musk’s $1 trillion Tesla pay plan wins shareholder approval
The net value of those shares would be $878 billion: the package is structured to exclude the value of the stock on the day the board passed the proposal in early September. Musk could either pay that amount in cash or accept fewer shares to account for their original value.
Kenya’s premier agricultural university, Egerton, enters deal with US based firm to assemble tractors
The deal was signed by Egerton University Vice Chancellor Isaac Kibwage, Jaclyn Schess and Mike Christensen from the Idaho-based IROC Tractors and Agypro International’s Bill Bough Miller and Emmanuel Juma who is the Country Manager, Agypro Kenya.
Kenya’s Safaricom reports 55 per cent higher profit as Ethiopia loss narrows
Steady growth in its Kenya business continued to be the main profit driver, while its reported loss in Ethiopia dropped by 59 per cent compared to the first half of the previous financial year, which was heavily impacted by a depreciation of the birr currency.
Student activism to Gen-Z activism: How radical Dar University student leader Kichamu Akivaga sowed seeds of ideological shift that makes Tanzanians fear Kenyans
Because of his extremist stance, Kichamu Akivaga fell in trouble with Tanzanian state and university authorities that instigated Tanzanian students to overthrow him, replacing him with a Tanzanian student leader who toed the line.
Africa Edge Summit attracts experts to Nairobi to discuss continent’s fast-growing digital economy
Mark Elliott, Division President for Africa, Mastercard, said Africa’s digital economy is scaling fast and Mastercard is keen to be a trusted technology partner powering the growth.
Trump and China’s Xi Jinping sign deals to trim tariffs on China, Beijing to crack down on illicit fentanyl exports
Chinese state media portrayed the meeting as a triumph of Xi’s policymaking. “We have the confidence and capability to navigate all kinds of risks and challenges,” the official news agency, Xinhua, quoted him as saying.
