Kenya smallholder tea farmers earn Sh63.6 billion from tea exports
By Kobia Mwirichia (PSCU)
President Uhuru Kenyatta met the head of the company that will build the new Mombasa-Nairobi railway Wednesday ahead of the launch of civil works at Changamwe, Mombasa on Thursday.
The meeting, between President Kenyatta and the China Communications Construction company (CCCC) Executive Director and Chairman Mr Liu Qitao at State House Nairobi, comes ahead of the ground breaking for the standard gauge railway in Mombasa.
By Ben Kinyanjui
CfC Stanbic Bank and the Industrial and Commercial Bank of China (ICBC) have concluded a USD108 million (Sh9.2 billion) debt financing package with Triumph Kenya for the construction of an 83MW heavy fuel oil plant in Kenya.
CfC Stanbic Bank provided USD28 million of debt funding while ICBC supplied the remaining USD80 million for the plant, which is currently being built 25km from Nairobi.
By Ben Kinyanjui and Agencies
Inadequate infrastructure such as roads, railways and airports is a major problem holding back fast development in the East African region.
President Uhuru Kenyatta says the missing infrastructural links and other communication bottlenecks impede enhanced movement of people, goods and services across the borders.
By Ben Kinyanjui and PPS
President Uhuru Kenyatta has asked managers at the Kenya Ports Authority (KPA) to remove red tape and enhance efficiency at the Port of Mombasa.
Speaking after visiting the super-efficient Chinese port of Tianjin, President Kenyatta urged KPA executives to embrace efficiency, transparency and reduce red tape to bolster operations.
By Ben Kinyanjui
The government has reduced the number of police manned road blocks along the Northern Corridor from Mombasa to Busia to five from the previous 36.
East Affairs Cabinet Secretary Phylis Kadhie also says the government would privatise the weighbridges and reduces them to two in order to speed up the movement of cargo along the highway.
World Bank investment guarantee agency has provided risk insurance to Triumph Power Generating Company to construct a new power station.
The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank Group says it is committed in its support for Kenya’s energy sector by providing investment guarantees for the construction of an 83-megawatt heavy fuel oil plant.