Kenya Breaking News, Business Information, Articles, Africa - kenyadetails

Jindal Steel to use coal for power in Africa after CIC buy

Jindal Steel & Power Ltd will spend about $100 million over two to three years to develop a coal mine in Botswana that it is acquiring through its purchase of Canada's CIC Energy Corp, a company official said on Wednesday.

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African workforce can overtake China, India

Africa will add 122 million people to its potential labour force by 2020 and by 2035 the continent’s labour force will be larger than that of any nation, including China or India, according to a report by McKinsey Global Institute.

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Chinese media make inroads into Africa

For years, China has been pumping billions of dollars across Africa to build large-scale infrastructure projects and grant cheap loans in exchange for access to the continent's natural resources and growing markets.

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India beats China to top trading spot with Kenya

India has reclaimed its position as the second largest exporter of goods to Kenya, signalling that it is gaining momentum in the race with China for control of Africa’s fast-growing consumer markets.

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