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

Dangote to nearly double production capacity across Africa in next three years

Dangote Cement, Nigeria's biggest listed company, said it aims to nearly double its production capacity over the next three years and half of its output by the end of 2019 will come from African plants outside its home market.

The company, majority owned by billionaire Aliko Dangote and Africa's biggest cement producer, plans new plants in Nigeria which will add between nine-million and 12-million tonnes to its existing capacity and will also expand production into Ivory Coast, Liberia, Mali, Niger, Kenya and Zimbabwe, it said in a presentation on Tuesday.

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Kenya’s economy expands by 5.6pc

The economy grew by 5.6 percent last year mainly driven by agriculture that performed well due to good rains received during the year.

The growth is higher than the 5.3 percent registered in 2014. Agriculture grew 5.6 percent in 2015 from 3.5 percent the previous year, driven by abundant rainfall.

Most economic sectors also expanded except tourism, which continued to bear the brunt of travel advisories by key source markets and worries about insecurity.

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Airtel Kenya plans 4G launch by year-end

Airtel Kenya, the local unit of Indian telecoms group Bharti Airtel, is aiming to launch 4G LTE services by the end of the year, to enable it to better compete in the high speed mobile data market, reports Capital FM. ‘Data is very essential in our industry and we are investing heavily to ensure that our capabilities in data and internet are substantially improved,’ the cellco’s CEO Adil El Youssefi was quoted as saying, adding: ‘We are working closely with the stakeholders, regulators and the government to ensure that we [launch] the 4G network as soon as possible, hopefully this year, to Kenya.’ Youssefi also revealed that the coverage of Airtel’s 3G network, which was launched in February 2012, has been increased to 75% of the population.

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Kenya among few countries that weathered 2015 economic storm

Kenya is among the few Sub-Saharan African countries that weathered the 2015 economic storm to record an impressive growth, according to a new survey.

The International Monetary Fund (IMF) in its latest Regional Economic Outlook Survey for Sub-Saharan Africa, showed that while the continent recorded its lowest growth in 15 years in 2015, Kenya and a host of other African countries shrugged off the turbulence to record impressive growth.

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