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Trade and Investment

President Uhuru Kenyatta appoints taskforce to review state corporations

By Ben Kinyanjui

President Uhuru Kenyatta has formed a taskforce to review parastatal policies, identify challenges and propose a new policy direction for state corporations.The taskforce should scrap irrelevant bodiesThe taskforce should scrap irrelevant bodies

Members of the taskforced drawn from both Government and the private sector include Mr Abdikadir H. Mohamed (Executive Office of the President), Dr Kamau Thugge (National Treasury), Mr Mugo Kibati (Vision 2030) and Mr Korir Sing’oei (Deputy President’s Office).

Kenya set to become major producer of rare earth

By TF News Reporter

Kenya is set to become one of the world’s largest producers of rare earth in the world after discoveries in the coastal region.Mining is becoming a major economic activityMining is becoming a major economic activity

Cortec Mining Kenya Company has released lab results positioning Mrima Hill, Kwale County as one of the top five Rare Earth deposits in the world, with a potential in-ground value of up to US$62.4 billion.

Increasing wage bill threatens Vision 2030, says Deputy President William Ruto

By Ben Kinyanjui

Kenya may not attain the middle level income status envisioned in the Vision 2030 unless the soaring wage bill is contained.DP William Ruto says Kenyans can forget Vision 2030 if wage bill soarsDP William Ruto says Kenyans can forget Vision 2030 if wage bill soars

Deputy President William Ruto says the current wage that is 12.2 per cent of GDP is unsustainable and a threat to economic development.

Kenyatta University partners with MasterCard and Equity Bank to unveil payment system

By Ben Kinyanjui

Kenyatta University has joined hands with Equity Bank and MasterCard to unveil a new prepaid system for its alumni body.Equity Bank CEO Mr James Mwangi has supported education in Kenya for decades nowEquity Bank CEO Mr James Mwangi has supported education in Kenya for decades now

The KU Alumni Card allows alumni to enjoy discounts with selected partners, ranging from hotels, bookshops and hospitals to insurance companies and mobile phone service providers.

Cortec Mining Kenya gets NEMA approval to start mining in n Kwale

By Agencies

The National Environmental Management Authority (NEMA) has cleared Cortec Mining Kenya Limited (CMK) start mining and processing niobium and rare earths in Kwale County.Minining secretary Mr Najib Balala is expected to publish new mining lawsMinining secretary Mr Najib Balala is expected to publish new mining laws

Cortec says Nema had approved its Environmental Impact Assessments (EIAs at Mrima Hill, Kwale, on the south coast, paving the way for mining of one of the largest such deposits in the world, which is expected to generate taxes and royalties for Kenya of more than $300m (KSh26bn) over the mine's 15-year lifespan.

Davis & Shirtliff launches new water purification system

By Ben Kinyanjui

 

Davis and Shirtliff have launched a locally assembled water treatment system that is ideal for commercial and industrial applications in cities and large horticultural and dairy farms.New system to assist flower farmersNew system to assist flower farmers

The system that is first-of-its-kind venture in the energy and water equipment sector is part of the company's drive to local production of innovations to spur the fledgling manufacturing sector.

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