Government in move to tame high oil prices
By Tom Mogusu
The Government has initiated plans to import petroleum products from the Middle East in a move aimed at bringing down consumer prices.
Energy acting minister, Henry Obwocha, on Wednesday announced the Government was making arrangements to import and sell petroleum products at lower prices. The initiative is expected to provide consumers with an alternative source for fuel at a time when oil marketers are being accused of making high price adjustments.
Even though international fuel prices have been raising over the past three years, the minister claimed that oil marketers were exploiting consumers by inflating prices.
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State told to remove cargo embargo at Eldoret Airport
By Stephen Makabila
The Government has been petitioned to lift an embargo on transit cargo at the Eldoret International Airport.
The petition was made by the Eldoret Business Council (EBC), which was constituted by Transport Permanent Secretary Gerishon Ikiara, to seek ways of boosting export trade through the airport.
"The embargo is turning away airlines from the airport because they have to offload their entire cargo," said EBC chairman Micah Cheserem during a meeting at the airport.
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EASSy project receives Sh12 billion financing
By Noel Wandera
Eight development finance institutions (DFIs) will partly finance the Eastern Africa Submarine Cable System (EASSy)project.
The institutions will inject Sh12.4 billion in the Sh15 billion undersea cable, which will be commissioned in the first quarter of 2008.
The International Finance Corporation (IFC), which is the private lending arm of the World Bank, on Wednesday said the money "will complement equity contribution" from the EASSy members.
Read More...
The Government has initiated plans to import petroleum products from the Middle East in a move aimed at bringing down consumer prices.
Energy acting minister, Henry Obwocha, on Wednesday announced the Government was making arrangements to import and sell petroleum products at lower prices. The initiative is expected to provide consumers with an alternative source for fuel at a time when oil marketers are being accused of making high price adjustments.
Even though international fuel prices have been raising over the past three years, the minister claimed that oil marketers were exploiting consumers by inflating prices.
Read More...
State told to remove cargo embargo at Eldoret Airport
By Stephen Makabila
The Government has been petitioned to lift an embargo on transit cargo at the Eldoret International Airport.
The petition was made by the Eldoret Business Council (EBC), which was constituted by Transport Permanent Secretary Gerishon Ikiara, to seek ways of boosting export trade through the airport.
"The embargo is turning away airlines from the airport because they have to offload their entire cargo," said EBC chairman Micah Cheserem during a meeting at the airport.
Read More...
EASSy project receives Sh12 billion financing
By Noel Wandera
Eight development finance institutions (DFIs) will partly finance the Eastern Africa Submarine Cable System (EASSy)project.
The institutions will inject Sh12.4 billion in the Sh15 billion undersea cable, which will be commissioned in the first quarter of 2008.
The International Finance Corporation (IFC), which is the private lending arm of the World Bank, on Wednesday said the money "will complement equity contribution" from the EASSy members.
Read More...
posted by Mwananchi at 6:56 PM
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