Total to buy Kenyan Oil Block Shares from A.P. Moeller-Maersk
Total SA is to buy shares in three Kenyan oil blocks from A.P. Moeller-Maersk , the office of Kenya's President Uhuru Kenyatta said on Tuesday. Britain's Tullow Oil, and its Canadian partner Africa Oil, discovered…
Kenya, Ethiopia Plan Oil Products Pipeline
Kenya and Ethiopia aim to finalise plans by the end of 2016 for a refined oil products pipeline to be built from Kenya's north coast to the Ethiopian capital, the two said on Thursday. Kenya has been seeking to develop a new port on its north coast at Lamu…
Kenya Arrests 20 in Anti-Graft Sweep
Kenya's anti-graft commission arrested 20 people on Monday, including the heads of two state-run companies and the suspended head of a third, in one of the biggest sweeps in the commission's three-year history, the commission said on Monday.
Uganda Could Pick Tanzania Over Kenya for Oil Pipeline
Uganda's government is still considering a pipeline through Tanzania to export oil if it proved cheaper than alternatives, an official said on Wednesday, even though the Ugandan president indicated last month that a route through Kenya had been picked.
Kenya, Uganda Settle on Crude Pipeline Route
Kenya and Uganda have reached a final decision on the route for a crude pipeline linking their newly found oil fields to the Kenyan coast, an important step for oil firms to make a final investment decision, the countries' presidents said on Monday.
Kenya's President Approves 5% Capital Gains Tax
Kenya's President Uhuru Kenyatta has signed into law a 5 percent capital gains tax that investors say could affect investment in property, equities and the country's nascent oil and mining sectors. The finance bill…
Attacks Near Kenya Port Site Threatens $25.5B Trade Hub Plan
The latest in a string of militant attacks on Kenya's coast has dealt a fresh blow to the economy, but the threat this time goes beyond the tourist trade to an ambitious $25.5 billion port and transport scheme next to the historic town of Lamu.
