Timber-starved Kenya seeks new suppliers
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- Category: Consumer & Household
- Published on Wednesday, 01 January 2014 11:56
- Written by Super User
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A chronic timber shortage has hit Kenya forcing the country to turn to expensive imports from neighbouring countries.
Latest statistics indicate that the country spends more than Ksh3 billion ($37.5 million) annually on timber imports compared with Ksh4.9 million ($61,250) in 1999, to meet rising demand that now stands at 38 million cubic metres annually.
Africa will top mining wishlists for Asian investors
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- Category: Consumer & Household
- Published on Wednesday, 01 January 2014 10:05
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Werner Jacobs, senior manager, corporate finance and metals & mining at KPMG
2013 was a tough year for the mining sector in Africa. This was principally due to lower commodity prices, a drop in investor confidence due to lower returns over the last commodity super-cycle, and continued increases in operating costs.
Read more: Africa will top mining wishlists for Asian investors
World Bank increases Kenya funding
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- Category: Consumer & Household
- Published on Sunday, 29 December 2013 11:41
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President Kenyatta said the bank funded public sector projects to the tune of $8.5 billion (Ksh722. 5 billion) and invested another US$4.3 billion (Ksh373.84 billion) to support 23 national and six regional projects to reduce the effects of climate change.
Kenya’s economic growth unlikely to hit 5.6 per cent
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- Category: Consumer & Household
- Published on Sunday, 29 December 2013 09:58
- Written by Super User
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Kenya’s economy is unlikely to hit the 5.6 per cent economic growth rate in 2013 projected by the government earlier this year. According to the Kenya National Bureau of Statistics (KNBS) the economy posted a 4.4 per cent growth in the third quarter of this year compared to growth rates seen in the previous two quarters.
Read more: Kenya’s economic growth unlikely to hit 5.6 per cent