Market News Page No. 138| Africa Business News

Kenya's upcoming gold refinery to benefit small miners

Kenya has proposed to set up a gold refinery in the west of the country to help small scale miners and the government is seeking consultants to advise on its construction, the Petroleum and Mining Ministry said on Friday. Kenyan mines have proven deposits of titanium, gold and coal but its mining sector is a relatively small contributor to national output. Nonetheless, revenues are expected to grow as new mines start production. The ministry.... Read more »

Posted on : Tuesday , 29th January 2019

Hardwood gains popularity as the choice of wood

According to a business executive, Arjun Bhachu, who works with Wood Products, one of the oldest companies dealing in wood in Kenya says it evokes elegance and texture in any room. “Just like art, wood helps restore the natural state in a room”. The overlooked timber is making a comeback in kitchens, floors, walls and staircases. In Kenya, homeowners moved from wood floors to tiles, then they switched to 3D epoxy flooring.... Read more »

Posted on : Friday , 25th January 2019

Money on trees in Africa - Ethiopia looks to capitalize

In this country money really could grow on trees. Ethiopa contains two-thirds of the bamboo in Africa, and it is hoped that the "green gold" can potentially power growth. According to Adane Berhe, CEO Adal Industrial PLC, which is helping to build the new industry. "The farmer who has bamboo is rich, but he doesn't know it," China has become the choice destination for Berhe, the global hub of the bamboo trade, to.... Read more »

Posted on : Friday , 25th January 2019

Uganda-Tanzania to settle 'the joint pipeline project from Hoima to Tanga'

Uganda and Tanzania signed an agreement in May 2017 to together develop the $3.5 billion pipeline that has been represented as the longest electrically heated crude oil pipeline in the world. The National Project Co-ordinator for Tanzania from the Ministry of Energy, Salum Mnuna, hopes the five-day ministerial meeting — beginning on Jan 21 — can settle the way to operate, execute and supervise the project given the various laws.... Read more »

Posted on : Monday , 21st January 2019

Ethiopia Airlines to launch US $65m five-star hotel

Ethiopian Airline is set to launch US $65m Ethiopian Skylight Five Hotel this month. This is according to the Airline’s Head of Infrastructure Planning and Development, Abraham Tesfaye. The Head of Infrastructure Planning said that the million dollar hotel whose construction began in 2016, will be officially opened to the public on the 28th of January. The hotel is located five minutes from the Bole International Airport in Addis.... Read more »

Posted on : Friday , 18th January 2019

MAERSK launched the Musafir Express, a new feeder product connecting to Mogadishu, Somalia - East Africa

MAERSK, the most important instrumentality company within the world, has launched the Musafir specific, a brand new feeder product connecting to national capital, Somalia. The first sailing of the Musafir specific departed from Salalah on December twenty nine, 2018, before inward in national capital on January three, 2019. The bi-weekly service connects Somalia to the remainder of the globe, permitting the country to expand its.... Read more »

Posted on : Thursday , 17th January 2019

Regular shipping line for the transport of goods between the port of Zarzis and the Italian port of Marina di Carrara

The new maritime link could be a continuation of the expertise of normal services between the Italian ports of dock di Carrara and Cagliari, on the one hand, and therefore the ports of Susah, Zarzis and Safaqis, that carry over two hundred thousand tonnes of products. A regular shipping line for the transport of products between the port of Zarzis and therefore the Italian port of dock di Carrara are launched on 24th January this.... Read more »

Posted on : Thursday , 17th January 2019

All eyes on international routes as Tanzania is all set with its second Airbus

The Tanzanian national carrier's second airliner A220-300 plane has landed. The plane, christened Ngorongoro, touched down at the Julius Nyerere International field in Dar atomic number 99 Salaam to nice eclat and ceremony last week on Fri. Added to the opposite airliner that arrived on Dec twenty three, it brings to 6 the amount of craft Air Tanzania Company Ltd has. The plane, with a commodiousness of one hundred sixty passengers, is.... Read more »

Posted on : Monday , 14th January 2019

Launch of 'the modern and first DNA machine' in Zanzibar

CHIEF Government Chemist Laboratory Agency (CGCLA) has opened a brand new building and launched a polymer testing machine to facilitate effective service delivery in analysis, particularly in health. Some members of the general public, together with the health workers and judiciary officers, United Nations agency were at the event recommended CGCLA for having the trendy and 1st polymer machine in island. "We are watching for the.... Read more »

Posted on : Monday , 14th January 2019

East Africa construction industry outlook promising-report

The total number of projects in East Africa has risen by a substantial 96% between 2017 and 2018 with an equally substantial increase of 167% in the total US dollar value of projects, a new report has shown. The Africa Construction Trends (2018) by consultancy firm Deloitte, reveals that East Africa has a total of 139 projects at a combined value of US$87.1bn. The region accounts for 28.8% of projects on the continent and 18.5% in terms of US.... Read more »

Posted on : Monday , 14th January 2019

Obama fund grants Kenyan green energy Sh650 million to boost electrification

Former US President Barack Obama’s Power Africa initiative has showered Kenyan green energy projects with grants totalling Sh650 million in efforts to accelerate electrification. Mr Obama still launched Power Africa as a policy tool to unravel and activate investments in the continent’s energy space as a way of driving out energy scarcity. “with the help of US Trade and Development Agency, Power Africa has provided grants.... Read more »

Posted on : Monday , 14th January 2019

Government of Tanzania grants $8.7m for first geothermal project at Ngozi

Allocation of $8.7 million has been granted by The Tanzanian Government to start countries first Ngozi geothermal project in Mbeya region. The government has allocated 20 billion Tanzanian Shillings for geothermal development.The news was revealed by the board chairman of the Tanzania Geothermal Development Company- Beatus Segeja, during his visit to Lake Ngozi, Mbeya Region. In order to push geothermal development TGDC, the 100% government.... Read more »

Posted on : Saturday , 12th January 2019