Skip to content
Search AI Powered

Latest Stories

Sharma assures new UK aid to build green cities across Africa

BRITISH international development secretary Alok Sharma has pledged new UK aid to help build green cities across Africa with quality infrastructure.

Sharma, who is on a visit to Kenya, announced he would set up a UK Centre for Cities and Infrastructure, which will turbo-charge investment in fast growing cities across the developing world.


The centre will provide British expertise to African governments and city authorities to improve the way cities are planned, built and run, including making them more environmentally-friendly.

It will focus on improvements to infrastructure, including water and energy networks.

During his trip, Sharma also announced an expansion of the Department for International Development’s (DFID’s) Cities and Infrastructure for Growth programme to Ghana, Rwanda and Sierra Leone.

The programme helps UK businesses to invest in quality, resilient infrastructure, boosts access to reliable and affordable power and creates construction jobs.

Sharma’s trip came ahead of the UK-Africa Investment Summit next Monday (20), which will create new lasting partnerships to deliver more investment, jobs and growth, benefiting both Africa and the UK.

African cities produce more than half of the continent’s income, but too many suffer from poor connectivity and congestion, which continue to hinder growth.

The continent’s urban population is 472 million and set to double over the next 25 years. This growth provides an opportunity for African cities to prosper if the right infrastructure and jobs are available with the UK's support.

Last Sunday (12), Sharma visited Kisumu in western Kenya, where British businesses such as drinks company Diageo and solar power provider Azuri Technologies operate.

Diageo makes beer in its modern, environmentally-friendly brewery in the city, using sorghum plants from nearby farms. This in turn boosts the incomes of Kenyan farmers and helps them provide for their families.

Azuri, whose UK base is in Cambridge, provides pay-as-you go solar energy systems to off-grid homes across Africa, including in the Kisumu area.

This is helping families to store food in fridges and providing light for children to do their homework.

On Monday (13), the Asian-origin international business secretary opened the Securities Exchange in Nairobi. He was there for the listing of East Africa’s first green bond, which DFID helped Acorn Housing to develop, by providing British expertise.

More For You

Essar-Oil-UK-Getty

Essar Oil UK is advancing decarbonization at its Stanlow Refinery with two key projects supported by Industrial Energy Transformation Fund (IETF) grants. (Photo: Getty Images)

Essar, 24 other firms get £51.9m to cut industrial carbon emissions

THE GOVERNMENT has allocated £51.9 million to support 25 businesses in reducing carbon emissions as part of the Plan for Change aimed at driving economic growth and rebuilding Britain.

The funding covers projects across various industries, including food manufacturing, cement production, and glass processing.
Companies receiving funding include Essar Oil UK, Nestlé's coffee processing site in Staffordshire, Heinz's baked bean factory in Wigan, and Hanson Cement in North Wales.

Keep ReadingShow less
Tesla-Getty

Tesla has faced challenges in 2024, reporting its first annual decline in deliveries as incentives failed to increase demand for its ageing vehicle lineup. (Photo: Getty Images)

Tesla received nearly £200m in UK government grants since 2016: Report

ELON MUSK’s electric vehicle company Tesla has received £191 million in grants from the UK government since 2016, according to an analysis by Tussell.

The majority of the funding, £188m, was provided by the Department for Transport (DfT) through the plug-in car grant scheme, which aimed to promote the adoption of electric and plug-in hybrid vehicles, The Guardian reported.

Keep ReadingShow less
CES-2025

CES 2025, organised by the Consumer Technology Association (CTA), will be held from 7 to 10 January.

Indian tech innovations to shine at CES 2025, says top executive

THE INDIAN technology sector continues to capture attention, with several startups and entrepreneurs showcasing their innovations at CES 2025, the world's largest tech event.

John Kelley, vice president and show director of CES, described the Indian tech story as “fascinating” and highlighted its growing global significance.

Keep ReadingShow less
Anil Agarwal acquires London's historic Riverside Studios

Anil Agarwal

Anil Agarwal acquires London's historic Riverside Studios

THE founder and chairman of Vedanta group Anil Agarwal is the new owner of the iconic Riverside Studio in London, a statement said on Wednesday (8).

The 100-year-old studio, which is a renowned global centre for arts and located on the north bank of the river Thames in the centre of London, will now operate under the name ‘Anil Agarwal Riverside Studios Trust’, it informed.

Keep ReadingShow less
india-gdp-iStock

India's GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24. )Representational image: iStock)

India's GDP growth projected to fall to 6.4 per cent in FY25

INDIA's gross domestic product (GDP) growth is projected to decline to 6.4 per cent in the financial year 2024-25, marking its lowest rate in four years, according to government data released on Tuesday. The slowdown is attributed to weaker performance in the manufacturing and services sectors.

The growth rate of 6.4 per cent, estimated by the national statistics office (NSO), is the lowest since the contraction of 5.8 per cent recorded during the Covid-19 pandemic in 2020-21. GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24.

Keep ReadingShow less