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    Over 100,000 Nairobians to benefit from City Hall’s feeding program

    Over 100,000 Nairobians to benefit from City Hall’s feeding program

    Gambler wins Ksh. 100,000 from 6 stake

    Gambler wins Ksh. 100,000 from 6 stake

    KRA to pay you 2million for reporting tax evaders

    KRA collects KShs 21B from Alternative Disputes Resolution

    Cliffe Dekker Hofmeyr and Kieti Advocates LLP forge a new legal service offering in East Africa

    Cliffe Dekker Hofmeyr and Kieti Advocates LLP forge a new legal service offering in East Africa

    How to apply for the latest police vacancies

    How to apply for the latest police vacancies

    CBK okays liquidation of Chase Bank

    CBK okays liquidation of Chase Bank

    LG Opens “Restaurant” In Kenya

    LG Opens “Restaurant” In Kenya

    Emirates commences IATA Travel Pass trials

    Emirates commences IATA Travel Pass trials

    Jubilee Insurance profits rise to 4 billion

    Jubilee Insurance profits rise to 4 billion

  • Markets
    Gambler wins Ksh. 100,000 from 6 stake

    Gambler wins Ksh. 100,000 from 6 stake

    Absa Bank Launches An Asset Management Subsidiary

    Absa Bank Launches An Asset Management Subsidiary

    Tough times for Kenyans as Tomato retails for Ksh 25

    Tough times for Kenyans as Tomato retails for Ksh 25

    AKADEMIYA2063, African Economic Research Consortium sign MOU to Support Evidence-based Policymaking

    AKADEMIYA2063, African Economic Research Consortium sign MOU to Support Evidence-based Policymaking

    Defiant Digital Taxi App Operators Given 30 Days Notice to Comply

    Defiant Digital Taxi App Operators Given 30 Days Notice to Comply

    Maize Flour Prices to Rise Millers Association Warns

    Maize Flour Prices to Rise Millers Association Warns

    Eat’N’Go joins Kenyan Market after acquiring Dominos Pizza

    Eat’N’Go joins Kenyan Market after acquiring Dominos Pizza

    Network International appoints Hany Fekry as Regional President

    Network International appoints Hany Fekry as Regional President

    SoftBank Under Investigation Over Risky ‘Nasdaq Whale’ Investments

    SoftBank Under Investigation Over Risky ‘Nasdaq Whale’ Investments

  • Real Estate
    Mi Vida bets on 200 Years Experience To Bring Affordable Housing to Kenya

    Mi Vida bets on 200 Years Experience To Bring Affordable Housing to Kenya

    Nairobi Ranked the Best City in Africa

    Nairobi Ranked the Best City in Africa

    Investors still Consider Land A Good Investment Asset in the Long Term

    Investors still Consider Land A Good Investment Asset in the Long Term

    Residential rents declined by 19% says new report

    Residential rents declined by 19% says new report

    This is how to get awarded Sh50,000 by Cytonn Real Estate

    The Kenyan retail sector performance softened in 2019 with rental yields declining 1.6%

    Cytonn’s Affordable Housing Investment Plan (CAHIP)

    17% of Kenyan Billionaires looking to buy a house in 2021

    17% of Kenyan Billionaires looking to buy a house in 2021

    Kenyan Firm awarded Most Innovative Community Developer 

    #OmokaNaAlma: This is how you get awarded Sh50,000 by Cytonn Real Estate

    Developing Countries Set To Lose Sh22 Trillion Due to COVID-19

    Commercial office rents fall 13pc in quarter 3 & 4 of 2020

  • Tech
    OPPO Reno5 named official smartphone partner of PUBG MOBILE Esports

    OPPO Reno5 named official smartphone partner of PUBG MOBILE Esports

    Cryptocurrency: Bitcoin is the Fastest Asset to Reach a $1 Trillion Market Cap

    Cryptocurrency: Bitcoin is the Fastest Asset to Reach a $1 Trillion Market Cap

    You Can Now Buy Airtime Using Fuliza From Safaricom

    You Can Now Buy Airtime Using Fuliza From Safaricom

    Nokia to launch 6 cheaper and durable smartphones today

    Nokia to launch 6 cheaper and durable smartphones today

    Safaricom Appoints Sitoyo Lopokoiyit As Head of New Mpesa Africa Joint Venture

    Sitoyo Lopokoiyit takes over as M-pesa Africa Managing Director

    60 graduate from Multichoice Talent Factory academy

    60 graduate from Multichoice Talent Factory academy

    Digital Partnership: Mastercard,Uber to boost payment digitization, advance financial inclusion across MEA region

    Digital Partnership: Mastercard,Uber to boost payment digitization, advance financial inclusion across MEA region

    Kenyans abandon 500million in their mobile accounts for fear of being known

    Kenyans send 11.4 billion daily over mobile phone

    Drake and Sauti Sol are the most streamed artists in Kenya

    Drake and Sauti Sol are the most streamed artists in Kenya

  • World Business
    Businessman Makes Ksh 2 trillion, Then Lost It All in Just 2 Days

    Businessman Makes Ksh 2 trillion, Then Lost It All in Just 2 Days

    SoftBank Under Investigation Over Risky ‘Nasdaq Whale’ Investments

    SoftBank Under Investigation Over Risky ‘Nasdaq Whale’ Investments

    IMF maintains Kenyas debt is still sustainable, Says loan is for the good of Kenyans

    IMF maintains Kenyas debt is still sustainable, Says loan is for the good of Kenyans

    Facebook Fined Ksh67 Million In Cambridge Analytica scandal

    Sensitive data of 533 million Facebook users have been leaked online

    Realme C11 a ‘hot cake’ as it makes top sales in Kenya

    Realme C11 a ‘hot cake’ as it makes top sales in Kenya

    How a religious festival turned into a massacre

    How a religious festival turned into a massacre

    Fire destroys servers at Europe’s largest cloud services firm

    Fire destroys servers at Europe’s largest cloud services firm

    1ST Commonwealth women’s Entrepreneurship Summit launched

    1ST Commonwealth women’s Entrepreneurship Summit launched

    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

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    Over 100,000 Nairobians to benefit from City Hall’s feeding program

    Over 100,000 Nairobians to benefit from City Hall’s feeding program

    Gambler wins Ksh. 100,000 from 6 stake

    Gambler wins Ksh. 100,000 from 6 stake

    KRA to pay you 2million for reporting tax evaders

    KRA collects KShs 21B from Alternative Disputes Resolution

    CBK okays liquidation of Chase Bank

    CBK okays liquidation of Chase Bank

    LG Opens “Restaurant” In Kenya

    LG Opens “Restaurant” In Kenya

    Emirates commences IATA Travel Pass trials

    Emirates commences IATA Travel Pass trials

    Absa Bank Launches An Asset Management Subsidiary

    Absa Bank Launches An Asset Management Subsidiary

    Tough times for Kenyans as Tomato retails for Ksh 25

    Tough times for Kenyans as Tomato retails for Ksh 25

    Mi Vida bets on 200 Years Experience To Bring Affordable Housing to Kenya

    Mi Vida bets on 200 Years Experience To Bring Affordable Housing to Kenya

    • Agribusiness
    • Banking
      CBK okays liquidation of Chase Bank

      CBK okays liquidation of Chase Bank

      Absa Bank Launches An Asset Management Subsidiary

      Absa Bank Launches An Asset Management Subsidiary

      SoftBank Under Investigation Over Risky ‘Nasdaq Whale’ Investments

      SoftBank Under Investigation Over Risky ‘Nasdaq Whale’ Investments

      Equity beat KCB as Kenyas’ most profitable lender

      Equity beat KCB as Kenyas’ most profitable lender

      Government looking to re introduce loan relief measures

      Government looking to re introduce loan relief measures

      Family Bank defy pandemic to grow profits to Ksh1.4 B

      Family Bank defy pandemic to grow profits to Ksh1.4 B

      Stima Sacco announce a Ksh.1.02 billion profit

      Stima Sacco announce a Ksh.1.02 billion profit

      KCB Receives Global Finance Award for The Best Bank in Kenya

      KCB Receives Global Finance Award for The Best Bank in Kenya

      Family Bank officially joins the United Nations Global Compact Network

      Family Bank officially joins the United Nations Global Compact Network

    • Insurance
      AAR Insurance Net profits down 55 percent

      AAR Insurance Net profits down 55 percent

      The Association of Insurance Brokers of Kenya (AIBK) appoints Anthony Mwangi as board chairman

      The Association of Insurance Brokers of Kenya (AIBK) appoints Anthony Mwangi as board chairman

      Stima Sacco announce a Ksh.1.02 billion profit

      Stima Sacco announce a Ksh.1.02 billion profit

      Faulu eyeing lucrative agribusiness ecosystem in Limuru

      Faulu eyeing lucrative agribusiness ecosystem in Limuru

      Trouble at Britam as top executives face sack one month after new CEO takes office

      Trouble at Britam as top executives face sack one month after new CEO takes office

      AAR Insurance embrace paperless model with new mobile app

      AAR Insurance embrace paperless model with new mobile app

      Minet feted Insurance Broker of the Year

      Minet feted Insurance Broker of the Year

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Pension Schemes Maintain Positive Performance in Q4 of 2020

      Pension Schemes Maintain Positive Performance in Q4 of 2020

    • Manufacturing
    • Opinion
      OPINION: Energy Efficiency Will Decide Whether We Meet Our Global Climate Targets!

      OPINION: Energy Efficiency Will Decide Whether We Meet Our Global Climate Targets!

      Opinion: Now is The Time to Redeem the Nursing Profession

      Opinion: Now is The Time to Redeem the Nursing Profession

      IoT predictions for 2021: Smarter tech will make better business

      IoT predictions for 2021: Smarter tech will make better business

      KRA Goes After Rich Individuals, Firms Over Sh250 Billion

      Digital Services Tax a desperate move caused by bad governance

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      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

      Why Digital Services Tax is a retrogressive policy

      Why Digital Services Tax is a retrogressive policy

      How Citizen TV Became The Most Watched in Kenya

      How Citizen TV Became The Most Watched in Kenya

      This is the new Safaricom logo

      Fail or win? Mixed Reactions over Safaricom’s new logo

      After fuliza, Safaricom introduces another way to borrow money

      OPINION: Why Safaricom’s Fuliza is a rip off!

Kenyan Business Feed
  • Home
  • News
    Over 100,000 Nairobians to benefit from City Hall’s feeding program

    Over 100,000 Nairobians to benefit from City Hall’s feeding program

    Gambler wins Ksh. 100,000 from 6 stake

    Gambler wins Ksh. 100,000 from 6 stake

    KRA to pay you 2million for reporting tax evaders

    KRA collects KShs 21B from Alternative Disputes Resolution

    Cliffe Dekker Hofmeyr and Kieti Advocates LLP forge a new legal service offering in East Africa

    Cliffe Dekker Hofmeyr and Kieti Advocates LLP forge a new legal service offering in East Africa

    How to apply for the latest police vacancies

    How to apply for the latest police vacancies

    CBK okays liquidation of Chase Bank

    CBK okays liquidation of Chase Bank

    LG Opens “Restaurant” In Kenya

    LG Opens “Restaurant” In Kenya

    Emirates commences IATA Travel Pass trials

    Emirates commences IATA Travel Pass trials

    Jubilee Insurance profits rise to 4 billion

    Jubilee Insurance profits rise to 4 billion

  • Markets
    Gambler wins Ksh. 100,000 from 6 stake

    Gambler wins Ksh. 100,000 from 6 stake

    Absa Bank Launches An Asset Management Subsidiary

    Absa Bank Launches An Asset Management Subsidiary

    Tough times for Kenyans as Tomato retails for Ksh 25

    Tough times for Kenyans as Tomato retails for Ksh 25

    AKADEMIYA2063, African Economic Research Consortium sign MOU to Support Evidence-based Policymaking

    AKADEMIYA2063, African Economic Research Consortium sign MOU to Support Evidence-based Policymaking

    Defiant Digital Taxi App Operators Given 30 Days Notice to Comply

    Defiant Digital Taxi App Operators Given 30 Days Notice to Comply

    Maize Flour Prices to Rise Millers Association Warns

    Maize Flour Prices to Rise Millers Association Warns

    Eat’N’Go joins Kenyan Market after acquiring Dominos Pizza

    Eat’N’Go joins Kenyan Market after acquiring Dominos Pizza

    Network International appoints Hany Fekry as Regional President

    Network International appoints Hany Fekry as Regional President

    SoftBank Under Investigation Over Risky ‘Nasdaq Whale’ Investments

    SoftBank Under Investigation Over Risky ‘Nasdaq Whale’ Investments

  • Real Estate
    Mi Vida bets on 200 Years Experience To Bring Affordable Housing to Kenya

    Mi Vida bets on 200 Years Experience To Bring Affordable Housing to Kenya

    Nairobi Ranked the Best City in Africa

    Nairobi Ranked the Best City in Africa

    Investors still Consider Land A Good Investment Asset in the Long Term

    Investors still Consider Land A Good Investment Asset in the Long Term

    Residential rents declined by 19% says new report

    Residential rents declined by 19% says new report

    This is how to get awarded Sh50,000 by Cytonn Real Estate

    The Kenyan retail sector performance softened in 2019 with rental yields declining 1.6%

    Cytonn’s Affordable Housing Investment Plan (CAHIP)

    17% of Kenyan Billionaires looking to buy a house in 2021

    17% of Kenyan Billionaires looking to buy a house in 2021

    Kenyan Firm awarded Most Innovative Community Developer 

    #OmokaNaAlma: This is how you get awarded Sh50,000 by Cytonn Real Estate

    Developing Countries Set To Lose Sh22 Trillion Due to COVID-19

    Commercial office rents fall 13pc in quarter 3 & 4 of 2020

  • Tech
    OPPO Reno5 named official smartphone partner of PUBG MOBILE Esports

    OPPO Reno5 named official smartphone partner of PUBG MOBILE Esports

    Cryptocurrency: Bitcoin is the Fastest Asset to Reach a $1 Trillion Market Cap

    Cryptocurrency: Bitcoin is the Fastest Asset to Reach a $1 Trillion Market Cap

    You Can Now Buy Airtime Using Fuliza From Safaricom

    You Can Now Buy Airtime Using Fuliza From Safaricom

    Nokia to launch 6 cheaper and durable smartphones today

    Nokia to launch 6 cheaper and durable smartphones today

    Safaricom Appoints Sitoyo Lopokoiyit As Head of New Mpesa Africa Joint Venture

    Sitoyo Lopokoiyit takes over as M-pesa Africa Managing Director

    60 graduate from Multichoice Talent Factory academy

    60 graduate from Multichoice Talent Factory academy

    Digital Partnership: Mastercard,Uber to boost payment digitization, advance financial inclusion across MEA region

    Digital Partnership: Mastercard,Uber to boost payment digitization, advance financial inclusion across MEA region

    Kenyans abandon 500million in their mobile accounts for fear of being known

    Kenyans send 11.4 billion daily over mobile phone

    Drake and Sauti Sol are the most streamed artists in Kenya

    Drake and Sauti Sol are the most streamed artists in Kenya

  • World Business
    Businessman Makes Ksh 2 trillion, Then Lost It All in Just 2 Days

    Businessman Makes Ksh 2 trillion, Then Lost It All in Just 2 Days

    SoftBank Under Investigation Over Risky ‘Nasdaq Whale’ Investments

    SoftBank Under Investigation Over Risky ‘Nasdaq Whale’ Investments

    IMF maintains Kenyas debt is still sustainable, Says loan is for the good of Kenyans

    IMF maintains Kenyas debt is still sustainable, Says loan is for the good of Kenyans

    Facebook Fined Ksh67 Million In Cambridge Analytica scandal

    Sensitive data of 533 million Facebook users have been leaked online

    Realme C11 a ‘hot cake’ as it makes top sales in Kenya

    Realme C11 a ‘hot cake’ as it makes top sales in Kenya

    How a religious festival turned into a massacre

    How a religious festival turned into a massacre

    Fire destroys servers at Europe’s largest cloud services firm

    Fire destroys servers at Europe’s largest cloud services firm

    1ST Commonwealth women’s Entrepreneurship Summit launched

    1ST Commonwealth women’s Entrepreneurship Summit launched

    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

  • KBF
    • All
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion
    Over 100,000 Nairobians to benefit from City Hall’s feeding program

    Over 100,000 Nairobians to benefit from City Hall’s feeding program

    Gambler wins Ksh. 100,000 from 6 stake

    Gambler wins Ksh. 100,000 from 6 stake

    KRA to pay you 2million for reporting tax evaders

    KRA collects KShs 21B from Alternative Disputes Resolution

    CBK okays liquidation of Chase Bank

    CBK okays liquidation of Chase Bank

    LG Opens “Restaurant” In Kenya

    LG Opens “Restaurant” In Kenya

    Emirates commences IATA Travel Pass trials

    Emirates commences IATA Travel Pass trials

    Absa Bank Launches An Asset Management Subsidiary

    Absa Bank Launches An Asset Management Subsidiary

    Tough times for Kenyans as Tomato retails for Ksh 25

    Tough times for Kenyans as Tomato retails for Ksh 25

    Mi Vida bets on 200 Years Experience To Bring Affordable Housing to Kenya

    Mi Vida bets on 200 Years Experience To Bring Affordable Housing to Kenya

    • Agribusiness
    • Banking
      CBK okays liquidation of Chase Bank

      CBK okays liquidation of Chase Bank

      Absa Bank Launches An Asset Management Subsidiary

      Absa Bank Launches An Asset Management Subsidiary

      SoftBank Under Investigation Over Risky ‘Nasdaq Whale’ Investments

      SoftBank Under Investigation Over Risky ‘Nasdaq Whale’ Investments

      Equity beat KCB as Kenyas’ most profitable lender

      Equity beat KCB as Kenyas’ most profitable lender

      Government looking to re introduce loan relief measures

      Government looking to re introduce loan relief measures

      Family Bank defy pandemic to grow profits to Ksh1.4 B

      Family Bank defy pandemic to grow profits to Ksh1.4 B

      Stima Sacco announce a Ksh.1.02 billion profit

      Stima Sacco announce a Ksh.1.02 billion profit

      KCB Receives Global Finance Award for The Best Bank in Kenya

      KCB Receives Global Finance Award for The Best Bank in Kenya

      Family Bank officially joins the United Nations Global Compact Network

      Family Bank officially joins the United Nations Global Compact Network

    • Insurance
      AAR Insurance Net profits down 55 percent

      AAR Insurance Net profits down 55 percent

      The Association of Insurance Brokers of Kenya (AIBK) appoints Anthony Mwangi as board chairman

      The Association of Insurance Brokers of Kenya (AIBK) appoints Anthony Mwangi as board chairman

      Stima Sacco announce a Ksh.1.02 billion profit

      Stima Sacco announce a Ksh.1.02 billion profit

      Faulu eyeing lucrative agribusiness ecosystem in Limuru

      Faulu eyeing lucrative agribusiness ecosystem in Limuru

      Trouble at Britam as top executives face sack one month after new CEO takes office

      Trouble at Britam as top executives face sack one month after new CEO takes office

      AAR Insurance embrace paperless model with new mobile app

      AAR Insurance embrace paperless model with new mobile app

      Minet feted Insurance Broker of the Year

      Minet feted Insurance Broker of the Year

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Pension Schemes Maintain Positive Performance in Q4 of 2020

      Pension Schemes Maintain Positive Performance in Q4 of 2020

    • Manufacturing
    • Opinion
      OPINION: Energy Efficiency Will Decide Whether We Meet Our Global Climate Targets!

      OPINION: Energy Efficiency Will Decide Whether We Meet Our Global Climate Targets!

      Opinion: Now is The Time to Redeem the Nursing Profession

      Opinion: Now is The Time to Redeem the Nursing Profession

      IoT predictions for 2021: Smarter tech will make better business

      IoT predictions for 2021: Smarter tech will make better business

      KRA Goes After Rich Individuals, Firms Over Sh250 Billion

      Digital Services Tax a desperate move caused by bad governance

      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

      Why Digital Services Tax is a retrogressive policy

      Why Digital Services Tax is a retrogressive policy

      How Citizen TV Became The Most Watched in Kenya

      How Citizen TV Became The Most Watched in Kenya

      This is the new Safaricom logo

      Fail or win? Mixed Reactions over Safaricom’s new logo

      After fuliza, Safaricom introduces another way to borrow money

      OPINION: Why Safaricom’s Fuliza is a rip off!

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Tanzania’s China-backed $10bn port plan stalls

by Kenyan Business Feed
May 23, 2019
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A planned $10 billion port project in Tanzania backed by China has hit an impasse, with the two sides disagreeing on terms of the infrastructure investment, a senior Tanzanian port official said on Wednesday.

In 2013, Tanzania signed a framework agreement with China Merchants Holdings International, China’s largest port operator, to build the port and a special economic zone that aims to transform the east African country into a regional trade and transport hub.

“The conditions that they have given us are commercially unviable. We said no, let’s meet halfway,” Deusdedit Kakoko, director general of the state-run Tanzania Ports Authority (TPA) told Reuters.

“It would have been a loss … they shouldn’t treat us like schoolkids and act like our teachers.”

The Tanzanian government has officially written to the Chinese port operator on the disputed terms, Kakoko said. “We are waiting for them to begin new talks. When they are ready, we will resume the negotiations.”

China Merchants said in an e-mailed statement to Reuters that many years of negotiations with the Tanzanian side had failed to result in a legally binding agreement.

“This project is a purely commercial, investment project and China Merchants Port has in its overseas investments always followed the principles of commercial feasibility and win-win cooperation,” the company said.

The Chinese foreign ministry did not immediately reply to a request for comment.

Since taking office in late 2015, President John Magufuli’s government has sought to renegotiate major deals with foreign investors in mining, natural gas, telecoms and infrastructure projects as part of a new resource nationalism drive.

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The deal for the Bagamoyo port was signed in 2013 by the government of Magufuli’s predecessor, Jakaya Kikwete, during a visit of Chinese President Xi Jinping to the country. It is also financially backed by Oman’s State General Reserve Fund.

Members of Parliament demanded explanation from the government last week on delays in implementation of the project. A ground breaking ceremony for the project was held in late 2015 but actual construction of the port is yet to start.

The port, to be built in Bagamoyo, 75 kilometres north of Dar es Salaam, would dwarf neighbouring Kenya’s port at Mombasa, east Africa’s trade gateway some 300 kilometres to the north, and include an industrial zone and rail and road links to a region hoping to exploit new oil and gas finds.

It is meant to ease congestion at the port in the commercial capital Dar es Salaam and transform a depressed area into a trade and manufacturing hub. Yet there are practical difficulties, not least that Bagamoyo’s port, unlike Dar es Salaam’s, would most likely need regular, extensive dredging.

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