Investor tables Sh210b Mombasa free port plan
Last Updated on August 10, 2006, 12:00 am
By Patrick Beja and Caroline Mango
A consortium has laid out a plan to develop a free port at three sites in Mombasa aimed to creating over 1.3 million direct jobs.
Tal Group, which comprises 15 companies, is seeking public and Government support to implement its free port plan at Mbaraki, Makupa and Dongo Kundu sites.
The venture is intended to attract foreign capital into the free port zones and sharing of the benefits with the Kenyan public by floating shares on Nairobi Stock Exchange within five years.
According to the investor, the free port project estimated to cost over US$ 2.8 billion (Sh210 billion) seeks to transform Mombasa City, and create an additional over one million indirect jobs by 2015. The Group intends to spearhead other international and regional investors to realise the vision aimed in an ambitious strategic plan boosting activities at Mombasa port.
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Managers set out KPLC reform agenda
Last Updated on August 8, 2006, 12:00 am
Don Priestman, the head of a team of Canadian managers contracted to turnaround Kenya Power and Lighting Company, takes Ochieng Rapuro through the mandate of the expatriate managers and how they plan to meet it.
Turnaround artist is the befitting title. But Mr Don Priestman, the General Manager of Kenya Power and Lighting Company, vehemently brushes it aside.
The Canadian engineer is one month into a job he has to finish in 24 months and whose results the entire 32 million Kenyans must see. Priestman is the head of a team of managers seconded by Manitoba Hydro International (MHI) – the company that won the government contract to turnaround Kenya Power – a utility firm whose fortunes have been flagging over the past decade with devastating consequences on the economy.
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Anxiety over heavy reliance on hydropower
Last Updated on August 8, 2006, 12:00 am
By John Oyuke
With nearly 60 per cent of the total electricity output coming from hydropower, Kenya’s energy sector is sitting on a time bomb.
Over the past seven years, the country has twice paid a heavy price for over reliance on a single source of power. First in 2002 when a severe drought nearly brought economic activity to a standstill after the hydro-electric dams dried out leaving power rationing in its wake.
Early this year, anxiety rose over electricity supply when the weathermen predicted that a prolonged drought was underway.
These experiences have underscored the need to speed up diversification of power sources and completion of power new generation projects.
Read More
By Patrick Beja and Caroline Mango
A consortium has laid out a plan to develop a free port at three sites in Mombasa aimed to creating over 1.3 million direct jobs.
Tal Group, which comprises 15 companies, is seeking public and Government support to implement its free port plan at Mbaraki, Makupa and Dongo Kundu sites.
The venture is intended to attract foreign capital into the free port zones and sharing of the benefits with the Kenyan public by floating shares on Nairobi Stock Exchange within five years.
According to the investor, the free port project estimated to cost over US$ 2.8 billion (Sh210 billion) seeks to transform Mombasa City, and create an additional over one million indirect jobs by 2015. The Group intends to spearhead other international and regional investors to realise the vision aimed in an ambitious strategic plan boosting activities at Mombasa port.
Read More
Managers set out KPLC reform agenda
Last Updated on August 8, 2006, 12:00 am
Don Priestman, the head of a team of Canadian managers contracted to turnaround Kenya Power and Lighting Company, takes Ochieng Rapuro through the mandate of the expatriate managers and how they plan to meet it.
Turnaround artist is the befitting title. But Mr Don Priestman, the General Manager of Kenya Power and Lighting Company, vehemently brushes it aside.
The Canadian engineer is one month into a job he has to finish in 24 months and whose results the entire 32 million Kenyans must see. Priestman is the head of a team of managers seconded by Manitoba Hydro International (MHI) – the company that won the government contract to turnaround Kenya Power – a utility firm whose fortunes have been flagging over the past decade with devastating consequences on the economy.
Read More
Anxiety over heavy reliance on hydropower
Last Updated on August 8, 2006, 12:00 am
By John Oyuke
With nearly 60 per cent of the total electricity output coming from hydropower, Kenya’s energy sector is sitting on a time bomb.
Over the past seven years, the country has twice paid a heavy price for over reliance on a single source of power. First in 2002 when a severe drought nearly brought economic activity to a standstill after the hydro-electric dams dried out leaving power rationing in its wake.
Early this year, anxiety rose over electricity supply when the weathermen predicted that a prolonged drought was underway.
These experiences have underscored the need to speed up diversification of power sources and completion of power new generation projects.
Read More
posted by Mwananchi at 2:26 PM
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