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Trade and Investment

Kenya gets Sh17 billion from World Bank to support transport sector

By Ben Kinyanjui


The World Bank has approved new funding for the emergency reconstruction of Kenya’s Jomo Kenyatta International Airport, which suffered a major fire disaster in August last year.

JKIA is the regional hub for East AfricaJKIA is the regional hub for East Africa

The Bank’s Executive Board of Directors today approved $203.5 million (Sh 17 billion) additional financing for the Kenya Transport Sector Support Project (KTSSP) to support emergency activities and the ongoing expansion works at the airport in Nairobi, and also to enable the government to complete upgrading sections of the Northern and Western transport corridors.

GZ Industries to build a can manufacturing firm at Sultan Hamud

 

By TF News Reporter

GZ Industries that is one of Africa's largest aluminium can manufacturers is set to enter the Kenyan market early next year.

High cost of production has scared away investors in manufacturingHigh cost of production has scared away investors in manufacturing

The company currently with factories in Nigeria wants to construct a $100 million factory along Mombasa Road with an annual production capacity of 1.2 billion cans per year.

More Kenyans access better health services, says top health official

By TF News Reporter

An estimated 39.5 million Kenyans have benefited from better health and nutrition services being provided by the government with the support of the World Bank and other development partners.Health secretaty Mr James Macharia and Ms Diarietou Gaye, World Bank Country Director for KenyaHealth secretaty Mr James Macharia and Ms Diarietou Gaye, World Bank Country Director for Kenya

More than half of these beneficiaries were females, according to the Ministry of Health’s health management information data.

Tullow Oil finds more oil in Kenya

By TFN Reporter

Tullow Oil plc (“Tullow”) have discovered more oil at the Amosing-1 and Ewoi-1 exploration wells in Block 10BB onshore northern Kenya. Turkana County Governor Joseph Nanok must ensure oil exploration continues uninteruptedTurkana County Governor Joseph Nanok must ensure oil exploration continues uninterupted

As a result of these latest successes and recently reported discoveries at Ekales-1 and Agete-1, Tullow has updated its estimate of discovered resources in this basin to over 600 mmbo.

Kenya gets Sh5.2 billion to improve health and nutrition

By TF News Reporter

The World Bank’s Board of Executive Directors has approved Sh5.2 billion to support Kenya’s efforts to deliver quality health and nutrition services to as many as 35 million people by 2016.Healthcare is a major concern among KenyansHealthcare is a major concern among Kenyans

According to the board, of these beneficiaries, half are women and about 16 percent live in drought-prone areas.

Kenya’s economic remain sluggish with growth estimated at five per cent

By Ben Kinyanjui

Kenya’s economy is estimated to grow at five per cent in 2013 as opposed to six per cent forecast earlier in the year.Manufacturing remains a key sector of the economyManufacturing remains a key sector of the economy

The latest World Bank economic analysis says the growth rate, supported by consumption and investment, is higher than the 4.6 per cent recorded in 2012.

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