Kenya turns to Addis for power
Monday, 12 June 2006
By Michael Ouma
NAIROBI - Kenya is turning to Ethiopia for hydro electric power.
In his Madaraka Day speech on June 1, President Mwai Kibaki announced that his government was turning to its Horn of Africa neighbour in a strategy designed to address the country’s power shortage.
A power importation expert at the energy ministry separately told Business Week that Ethiopia is Kenya’s natural choice for several reasons.
“Ethiopia is our neighbour, we have historical connections and in terms of potential for hydro-electric power generation in Africa, it is only second to the DRC.”
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Shoprite eyes Uchumi assets
Monday, 12 June 2006
By Vahid Oloro
NAIROBI - South African giant supermarket chain, Shoprite, is eyeing to consolidate its grip on East African market by acquiring assets of the collapsed Uchumi Supermarket.
Reports last week said officials from Shoprite's headquarters in South Africa were in the country to launch the bid.
Uchumi closed down its operations on June 1 following a checkered period of poor performance resulting into hundreds of millions of shilling in losses and a mounting debt burden.
Read More...
Rwanda becomes EASSy new home
Monday, 12 June 2006
By Geoffrey Kamali
KIGALI–– Rwanda has been selected to house the headquarters of the multi-million dollar Eastern Africa Submarine Cable Project (EASSy).
The project, which has of recent been dogged by controversy over its ownership, has a membership of 23 countries in the region.
Dr. Shem Ochoudho, the outgoing executive director of Rwanda Information Technology Agency (RITA), told Business Week that Rwanda would also chair a select committee to manage the project.
Read More...
By Michael Ouma
NAIROBI - Kenya is turning to Ethiopia for hydro electric power.
In his Madaraka Day speech on June 1, President Mwai Kibaki announced that his government was turning to its Horn of Africa neighbour in a strategy designed to address the country’s power shortage.
A power importation expert at the energy ministry separately told Business Week that Ethiopia is Kenya’s natural choice for several reasons.
“Ethiopia is our neighbour, we have historical connections and in terms of potential for hydro-electric power generation in Africa, it is only second to the DRC.”
Read More...
Shoprite eyes Uchumi assets
Monday, 12 June 2006
By Vahid Oloro
NAIROBI - South African giant supermarket chain, Shoprite, is eyeing to consolidate its grip on East African market by acquiring assets of the collapsed Uchumi Supermarket.
Reports last week said officials from Shoprite's headquarters in South Africa were in the country to launch the bid.
Uchumi closed down its operations on June 1 following a checkered period of poor performance resulting into hundreds of millions of shilling in losses and a mounting debt burden.
Read More...
Rwanda becomes EASSy new home
Monday, 12 June 2006
By Geoffrey Kamali
KIGALI–– Rwanda has been selected to house the headquarters of the multi-million dollar Eastern Africa Submarine Cable Project (EASSy).
The project, which has of recent been dogged by controversy over its ownership, has a membership of 23 countries in the region.
Dr. Shem Ochoudho, the outgoing executive director of Rwanda Information Technology Agency (RITA), told Business Week that Rwanda would also chair a select committee to manage the project.
Read More...
posted by Mwananchi at 5:25 PM
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