Bill seeks to create fund to boost industries
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- Category: Industrial & Machinery
- Published on Wednesday, 04 June 2014 04:32
- Written by Super User
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A Bill will be introduced in the Senate seeking to set up a special fund to finance development of industries in all the 47 counties to generate jobs and lift people out of poverty.
Sponsored by Nyandarua Senator Muriuki Karue, the Bill proposes to create County Industrial Development Fund in which donors and the National Government will avail funds for industrial undertakings in the counties.
Magadi Soda Ash Plant to Sack 200
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- Category: Industrial & Machinery
- Published on Tuesday, 03 June 2014 12:15
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ABOUT 200 employees working in the Premium Ash Magadi plant will be laid off from October in a planned closure of the facility, Tata Chemicals Magadi Limited has said.
The management said the anticipated job loss are occasioned by high operating costs in the manufacture of soda ash which led to the restructuring proposal, also known as mothballing.
"The restructuring proposal of this facility follows a comprehensive review of alternatives to improve plant performance such as efforts to reduce energy cost,
Sainsbury to Invest in East Africa
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- Category: Industrial & Machinery
- Published on Tuesday, 03 June 2014 12:10
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British retail billionaire, David Sainsbury is set to launch an investment company, Msingi, focused exclusively on local companies that support entrepreneurs.
The new investment company, Msingi ( Swahili word for foundation) will invest in East African companies that have high growth potential, provide market and technology research to business owners and also run an enterprise incubator to support budding entrepreneurs.
Muyang looks to set up animal feed plant in Kenya
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- Category: Industrial & Machinery
- Published on Saturday, 17 May 2014 04:32
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Chinese feed machinery company, Muyang, has expressed interest in partnering with the Bungoma County government in Kenya, in the building of an animal feed processing company in region. Muyang Company, based in Yangzhou China, intends to set up the feed plant in the area at a cost of KES 165 million (USD$1.9 million), which will make use of sugarcane and maize waste products that are abundant in the region, if they are able to strike a deal with the county government. If the feed plant gets of the ground, its is expected to created an estimated 2000 jobs in the region, according to Bencher Yi, Muyang's Deputy President. Muyang intends to provide the feed machinery to set up the animal feed mill, along with provideing technical support, training and guaranteeing 2 years of maintenance for all machinery. The company has been set up in Africa since 2008 and has extensive operations in Africa, with similar companies in Tanzania, South Africa and Mozambique.
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