Market News Page No. 111| Africa Business News

IFC Supports Small Companies Take Oil Contracts

International Finance Corporation (IFC) is putting into action a six-year project to support small firms in Kenya win contracts in the oil, gas and other sectors.The funding for the project dubbed Kenya Local Economic Development Project (LED-Kenya) started in September last year but IFC made the announcement this month without indicating the amount it will spend in the initiative.According to IFC the project will run up to June 2023 with a.... Read more »

Posted on : Thursday , 2nd January 2020

Paper Bags Market Have Witnessed A Steady Growth

Over the past couple of years, owing to the demand for convenient and customizable carrier of goods, paper bags market have witnessed a steady growth. Paper bags are fundamental needs of the modern life. Paper bags are usually used as shopping bags and also as big sacks. They are made up of forms of kraft paper. Paper bags provide quality, secures the item encased, and also can be recycled for reuse.Paper bags are.... Read more »

Posted on : Thursday , 2nd January 2020

Laminating Adhesives Market Is Expected To Register A CAGR Of 5.65% During 2019 - 2024

Packaging is one of the key factors considered by the firms engaged in the manufacturing industry. With the growing number of manufacturing units, food processing plants, and increasing industrial production, the global packaging industry is witnessing robust growth. In the last few years, the packaging industry has been experiencing a transition, where the manufacturing and industrial sector has been adapting to flexible.... Read more »

Posted on : Monday , 30th December 2019

USD 156 million Tadjourah-Balho-Mekele road connecting Djibouti and Ethiopia has inaugurated

The highway connecting Djibouti and Ethiopia, namely, Tadjourah-Balho-Mekele road, has been inaugurated recently. Ismail Omar Guelleh, President of Djibouti, Ethiopian minister of transport, and other dignities have attended the ceremony.The total length of the road is 120km, which connects Tadjoura port of Djibouti to the Balho of Ethiopia. The Tadjoura port mainly focuses on general cargo such as sesame, fertilizers, frankincense, grain, and.... Read more »

Posted on : Thursday , 26th December 2019

Germany invests 352.5 million Euros into Ethiopian infrastructural projects

An ambitious project to provide full water, sanitation and electricity access to all the citizens by the year 2025 has been started The Government of Ethiopia. As announced by Sileshi Bekele (PhD), Minister Water Irrigation and Electricity in Addis Ababa, Ethiopia. He said, “We are anticipating full access of water and sanitation by 2025. Urban water and sanitation system need to be taken into account and open defecation free country has to be.... Read more »

Posted on : Monday , 23rd December 2019

China's Sinopec Makes Entry into Kenyan Market with Lubricants

Sinopec, the largest state-owned oil and Gas Company from china, has officially launched its lubricants in Kenya.It is the world's third-largest company, which is listed at the Hong Kong Stock Exchange and trades in Shanghai and New York Stock exchanges.Strategising on penetrating Kenya’s market the chemical producer brought key players during its official launch in November this yearSpeaking during the launch Radisson Blu Hotel in Nairobi,.... Read more »

Posted on : Thursday , 19th December 2019

40% Of Kipevu Oil Terminal Work Completed In Eleven Months

According to Kenya Ports Authority after taking eleven months to work for Construction of the Sh39 billion new Kipevu Oil Terminal (KOT) is 40 % done.The project is being developed by China Communications Construction Company(CCCC), started on February 1, with a timeline of 30 months. It is expected to be ready by August 1, 2021.KPA is the contractor of the new terminal, which will see the current 50-year old Kipevu Oil Terminal moved to a new.... Read more »

Posted on : Thursday , 19th December 2019

Qatar Airways set to build new Rwandan International Airport

Rwanda and Qatar Airways have signed an airport deal that will see the two parties set up a joint venture to build, own, and operate the new airport in the district of Bugesera.The airline has agreed to take a 60 percent stake in a new $1.3bn international airport in Rwanda, the state-run Rwanda Development Board said on Twitter. The second part of the deal was a share purchase agreement. When the airport project was initiated about two years.... Read more »

Posted on : Wednesday , 18th December 2019

Tanzania - New Health Experts To Boost Healthcare Services

Tanzania's healthcare sector is set to benefit from the fresh entry of 500 health experts who have successfully graduated from the Hubert Kairuki Memorial University (HKMU). It is an important addition to the understaffed health sector, with the new professionals expected to bridge the health worker gap. Speaking during the 17th graduation ceremony held in Dar es Salaam, Prof Mgone said the new graduates have acquired the necessary.... Read more »

Posted on : Tuesday , 17th December 2019

Ethiopia-China Cooperation In The Healthcare Sector

The Ethiopian government welcomed the Chinese medical team for their healthcare services and medical appliance assistance to the Ethiopian people. "The lifesaving involvement of China's medical support to Ethiopia, which lasts for more than four decades, is a successful appearance of the growing Ethiopia-China friendship," Yohannes Chala, Head of Addis Ababa Health Bureau, told Xinhua. "The Ethiopian government appreciates the efforts.... Read more »

Posted on : Tuesday , 17th December 2019

Kenya Launches Chinese-built 50MW Solar Power Plant

Kenyan President Uhuru Kenyatta has launched a 50 MW solar power farm located in Garissa, northeast region, with the plant being one of the largest photovoltaic electricity stations in Africa.The project was designed and constructed by the EPC contractor China Jiangxi Corporation for International Economic and Technical Co-operation (CJIC), in conjunction with Kenya's Rural Energy Authority (REA).The solar plant puts Kenya on the path of.... Read more »

Posted on : Monday , 16th December 2019

The Cashew Farmers Got Paid Over 60bn/ - By Government In Tanzania

The Tanzania government has paid 60.6bn/-to cashew nuts farmers in Coast Region in the last season 2018/2019 as others wait for the completion of verification exercise to get paid. Coast Regional Commissioner (RC), Engineer Evarist Ndikilo told a Regional Consultative Committee (RCC) meeting in Kibaha that the cashew nuts trading continues, only consignments which reached main warehouses will be paid. "While verification exercise.... Read more »

Posted on : Monday , 16th December 2019