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ARM look to dispose of its Rwanda, SA subsidiaries

Athi River Mining (ARM) is reportedly seeking to dispose of its Rwanda and South African subsidiaries to pay off $284 million owed to creditors. The troubled cement maker has a mountain of debts owed to creditors in Kenya ($170 million), Tanzania ($110 million) and Rwanda ($4 million). Administrators of the …

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Lake Victoria sand miners defy Govt directive

Despite the recent presidential directive to the Minister of Water and Environment to clear all wetlands, riverbanks and lakeshore of encroachers sand mining seem to have resumed on the shores of Lake Victoria. The mining site, at Buwaya-Nakiwogo in Wakiso District, is said to be owned by a businesswoman in …

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Revamped railway breathes new hope into Kenya’s economy

The final rehabilitation of the 240km Nairobi-Nanyuki railway line lastly used in the late 1990s is gaining momentum with the arrival of train wagons at Nanyuki terminus. The project expected to unlock Central Kenya region’s economic potential. To the residents of expansive Central Kenya, the railway line revival means a …

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