Via Bloomberg, an article on a possible option to help transport South Sudan oil: Oil company made Kenya discoveries more than a decade ago South Sudan’s exports have been held up by a broken pipeline Tullow Oil Plc’s delayed project to export oil from discoveries in Kenya by pipeline to the coast could be a […]
Read more »Via Bloomberg, a look at JPMorgan’s growing interest in Africa: US lender hires ex-central banker to run business in Kenya Ex-central banker Montet managed Kenya’s foreign reserves JPMorgan Chase & Co. opened representative offices in Kenya and Ivory Coast as part of an effort expand in east and west Africa. The biggest US bank has […]
Read more »Via Blooomberg, an article on how the U.S. ambassador to Kenya – the former eBay and HP CEO – has made a priority of counterbalancing Chinese influence on the continent: When Meg Whitman was living in California and running first eBay Inc. and then HP Inc., the idea that Africa had some role to play in her businesses rarely crossed […]
Read more »Via South China Morning Post, a report on a recently announced rail project in Uganda could have wide-ranging implications for neighbouring Kenya: A Ugandan construction deal could provide the impetus needed to see China hand over extra financing to a stalled rail project in Kenya, according to observers. On Monday last week, Uganda awarded Turkish construction firm Yapi […]
Read more »Via The Diplomatic Courier, an article on Kenya’s semiconductor ambitions: Kenya is the leader in Africa when it comes to manufacturing semiconductors, and given Africa regularly exports critical minerals for semiconductor production, Kenya and its trade partners could reap great benefits through expanded manufacturing capacity. To date, Kenya has struggled to attract enough investment to […]
Read more »Via Bloomberg, a look at the projected impact of climate change on Africa: Some countries are spending 9% of their GDP fighting extremes Adaptation will cost $30 billion to $50 billion yearly Climate change is causing weather extremes that have been costly for African economies, according to a report. Countries on the continent are losing […]
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