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

Chinese company to make trucks in Tanzania

China Heavy Duty Truck Group (SinoTruck) has shown interest of building an assembly plant in Dar es Salaam to cater the growing needs for heavy duty vehicles in East Africa and beyond.

The Chinese Ambassador to Tanzania, Mr Liu Xinsheng, said the company took his invitation to build the assembly plant in the country seriously.

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KenGen seeks joint ventures to boost geothermal power

Kenya Electricity Generating Company (KenGen) is planning to raise $12-billion to build six geothermal power plants that should generate 585 megawatts by 2016, as it pushes to diversify its power sources.

KenGen managing director Eddy Njoroge says the company was open to different models to raise the financing required.

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China, Kenya pledge closer cooperation

Chinese Vice President Xi Jinping and Kenyan Prime Minister Raila Amollo Odinga on Thursday agreed to further promote bilateral cooperation between the two countries.

The two leaders met on the sidelines of the Fifth Ministerial Conference of the Forumon China-Africa Cooperation (FOCAC),

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It is easier to do business in Kenya now, says KenInvest

The Kenya Investment Authority says changes in the regulatory and business environment will make Kenya the preferred FDI destination in the East African region.

Kenya attracted investments worth $470-million in the first half of this year, largely from foreign investors, data from the Kenya Investment Authority (KenInvest) shows.

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