Sainsbury to Invest in East Africa

British retail billionaire, David Sainsbury is set to launch an investment company, Msingi, focused exclusively on local companies that support entrepreneurs.

The new investment company, Msingi ( Swahili word for foundation) will invest in East African companies that have high growth potential, provide market and technology research to business owners and also run an enterprise incubator to support budding entrepreneurs.

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Industries To Benefit From Dedicated Power Lines In Kenya

Kenya has promised the top 200 industrial power consumers dedicated direct lines to alleviate frequent power outages, which has led to losses in millions of dollars for manufacturers in the East African country.

“We want to give you better base load power – power which is available at all times,” said Davis Chirchir, Cabinet Secretary for Energy and Petroleum at an investors’ forum organized by Kenya Association of Manufacturers (KAM) and sponsored by Kenya Power Ltd.

Chirchir noted that the country’s expensive power was running industries aground.

He therefore promised more reliable and cheaper power, with Geothermal power expected to add 100MW to the national grid at the end of 2015. It is part of the planned 5,000 MW projected to be generated from geothermal sources.

“Manufacturing has been contributing to GDP growth at around 13 percent but in recent times this has gone down to 8.9 percent and the absence of the expansion in the sector has been constrained by energy,” said Ms. Betty Maina, CEO of the KAM.

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Muyang looks to set up animal feed plant in Kenya

Chinese feed machinery company, Muyang, has expressed interest in partnering with the Bungoma County government in Kenya, in the building of an animal feed processing company in region. Muyang Company, based in Yangzhou China, intends to set up the feed plant in the area at a cost of KES 165 million (USD$1.9 million), which will make use of sugarcane and maize waste products that are abundant in the region, if they are able to strike a deal with the county government. If the feed plant gets of the ground, its is expected to created an estimated 2000 jobs in the region, according to Bencher Yi, Muyang's Deputy President. Muyang intends to provide the feed machinery to set up the animal feed mill, along with provideing technical support, training and guaranteeing 2 years of maintenance for all machinery. The company has been set up in Africa since 2008 and has extensive operations in Africa, with similar companies in Tanzania, South Africa and Mozambique.

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Kenya targets more royalties from mining firms

The government has raised royalties on minerals extracted in Kenya as it moves to safeguard the country's interest in the lucrative mining sector.

The royalty rates on the valuable rare earth, niobium and titanium ores will rise to 10 per cent of gross sales for each of the

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