Since the Kenya Petroleum Refineries Ltd (KPRL) quiet closure last year, hundreds of workers have found themselves unemployed. With the 50 per cent owner, Essar of India, pulling out of the concern and the government providing little hint on the way forward, Kenyans were at least hoping to cut their losses through lower oil prices as promised by oil marketers. @businessdaily

 

The government expects to attract investment in the energy sector during President Uhuru Kenyatta’s three-day State visit to Qatar. The aim, officials says, is to achieve an ambitious medium-term strategy for the production of over 5000MW of electricity by 2016 to reduce the cost of power and improve the country’s competitiveness.@nation

France Telecom has put Telkom Kenya on sale, becoming the second mobile phone operator to exit the market this year. yuMobile is also up for sale. The French conglomerate that owns majority of shares in Telkom, has formally informed the government that they are currently in the middle of negotiations with potential buyers to take control of what was once one of the largest employers in Kenya. @nation

French oil group Total has found ways of reducing the cost of extracting ultra-deep Angolan offshore oil reserves by a fifth and has decided to go ahead with investment in the Kaombo project, the firm said on Monday. Total and its venture partners have found ways of reducing the overall capital cost by $4.0 billion (2.9 billion euros) to $16.0 billion, and production is set to begin in 2017, Total said in a statement. @nation

A house team has warned truckers against flouting the stipulated axle load limits. Abiding by the law, it said, will save the country billions of shillings used to re-carpet dilapidated roads. The chairman of the Transport and Infrastructure committee, Mr Maina Kamanda, said drivers who overload their vehicles will be subjected to the most stern action. Speaking after touring major road projects in Mombasa, Mr Kamanda said the planned standard gauge railway is expected to significantly reduce the amount of cargo ferried by road in the region. @nation

As the war for the cement market rages, what is billed to be the biggest cement plant in East and Central Africa is being constructed in Tanga, Tanzania. It is anticipated that the plant will not only change the face of cement production, but also increase ARM Cement’s market share across the region. The cement and lime production plant is expected to produce 5,000 tonnes of clinker — which is made from burning limestone at very high temperatures — a day. Clinker is then mixed with gypsum to produce cement.@standard

China’s Shandong Airlines has said that it has placed an order for 50 Boeing 737 aircraft, worth $4.6bn (£2.7bn) at list prices. Chinese carriers have been looking to increase their fleets to cater for a growing domestic demand for air travel. @bbc

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