Kenya fuel imports to grow a third over next two years
Kenya's diesel and gasoline imports are set to rise by a third over the next two years, driven by a growing auto fleet and rising industrial activity amid a lack of refining capacity, the head of the country's state oil company said Thursday.
Operations at East Africa's only refinery, in Mombasa on Kenya's southeast coast, were halted this year after co-owner India's Essar Energy and the government disagreed on expansion plans for the plant.
Africa's overall refining capacity has also failed to keep up with the continent's rapidly growing appetite for fuel products, prompting trading houses such as Trafigura, Vitol and Gunvor to invest heavily in expanding their operations on the continent in recent years.
Kenya Set To Introduce Electronic Vehicle Tracking Solution
Kenya’s revenue authority said Tuesday it will electronically start monitoring movement of cargo in the Single Customs Territory (SCT) from February 2014.
In a statement, the Kenya Revenue Authority (KRA) called on all transporters, shipping agents, and clearing and forwarding agents as well as those dealing with exports to ensure their vehicles are fitted with electronic seals.
KRA said it will be using the Electronic Cargo Tracking System (ECTS) to monitor the movement of cargo across the East Africa region. ECTS monitors captures real time location, security, and condition information about cargo and assets.
MCAS Gets Mortgages, Car Loans in Salary Deal
 Members of the County Assemblies (MCAs) have agreed to reconvene their sittings next week having reached an agreement with the Salaries and Remuneration Commission (SRC).
The County National Governing Council which reached the agreement with the SRC is however separate from the Speakers Forum that has been representing the MCAs in the dispute until now.
The MCAs agreed to return to work after SRC gave in to their demands for a car loan, mortgage, mileage allowance, increased sitting allowances and the promise of a salary raise.
"Indeed the review never goes downwards.
Daimler Trucks Asia invests 300 million euro
The two commercial vehicle subsidiaries MFTBC and DICV are bundling their Asian business under the umbrella of Daimler Trucks Asia with a view to generating further sales growth in Asia and Africa. To this end, Daimler Trucks Asia will invest 300 million euro in the international sales and production structures on schedule in the period from 2014 to 2018. By the year 2020, around 290,000 units of the FUSO and BharatBenz brand are to be sold worldwide.
Dr. Albert Kirchmann, Head of Daimler Trucks Asia and MFTBC President & CEO, said on the occasion of the Tokyo Motor Show: “With the investments, we are expanding our existing sales and production network in order to take advantage of future sales potential in Asia and Africa.â€
