Market News Page No. 142| Africa Business News

WITH GOVERNMENT SUPPORT SAWMILL EAST AFRICA STARTS LOCAL OPERATIONS

In a deal aimed at adding value to the forestry sector, to promote imports and reduce the country’s exports bill on timber. Sawmill East Africa is set to build a wood processing factory in an agreement which was signed between Sawmill East Africa and the Government of Rwanda to harvest and manage four state forests. The agreement was signed between the Government, through Rwanda Development Board, the Ministry of Land and Forestry on.... Read more »

Posted on : Monday , 22nd April 2019

ACUMEN RAISES $70 MILLION TO FUND CLEAN ENERGY IN EAST AFRICA

Acumen is a New York based non profit company that invests in sustainable and socially minded companies around the world. Established in 2001, Acumen has invested more than $115 million in 113 companies across Africa, Latin America, South Asia, and the United States Acumen Capital Partners a subsidiary of Acumen recently announced a $70 million funding for KawiSafi ventures aimed at driving energy access across East Africa in a bid to scale the.... Read more »

Posted on : Friday , 26th April 2019

Lighting Up Over 200,000 Rwandan Households in a Sustainable Way

As a part of the national electrification program The Electrogaz Compact Fluorescent Lamp Distribution Project distributes high efficiency and high quality compact fluorescent lamps (CFLs) to urban and rural residents across Rwanda. Both new customers and those already connected to the power grid are targeted by this project. To teach them to use electricity more efficiently by replacing traditional light bulbs it helps clients lower their.... Read more »

Posted on : Thursday , 18th April 2019

RWANDA SEEKS SOLAR ENERGY PRODUCTS IN A BID TO MEET 100% ELECTRIFICATION

The entrance to the first major solar power farm in East Africa reads a sign “Arise, shine for your light has come.” From a bird’s-eye view, the 8.5 megawatt (MW) power plant in Rwanda is designed it resembles the shape of the African continent. Amid Rwanda’s famed green hills, within view of the Lake Mugesera the setting is magnificent which lies 60km east of the capital Kigali. Above wild grass where inhabitants include.... Read more »

Posted on : Thursday , 18th April 2019

RWANDA LOOKS TO TECHNOLOGY TO BOOST TRANSPARENCY AND PRODUCTION IN MINING

Being among the fastest growing economies in Africa, Rwanda has a great opportunity of using its mineral resources to drive its industrialization, diversification and overall economic transformation. Rwanda is looking for more investors in the mining industry to boost the country's mineral exports and increase revenues from mineral resources, said the head of the state mining development body, the Chief Executive Officer of Rwanda Mines,.... Read more »

Posted on : Friday , 26th April 2019

RWANDA'S CONSTRUCTION SECTOR GEARS UP FOR BIG TICKET PROJECTS IN 2019 AND BEYOND

The construction industry contributes more than seven per cent to Rwanda’s national GDP. Big projects for example, the Bugesera airport project, have kicked off well while many others are in the pipeline. There is still demand for retail space while more projects are coming up. Although the demand and supply sides are yet to be reconciled, the increasing capital spending by the private sector and government has thrust the sector into.... Read more »

Posted on : Wednesday , 17th April 2019

ENTERING INTO DEALERSHIP OF MACHINERY AND SERVICES WITH TTD'99LTD.

For their products & services with TTD’99 LTD. for Tanzania, Uganda and Rwanda, Forklift center is glad to announce that it entered into a dealership agreement. Being one of the the leading companies for sales and service of forklift trucks & port equipment such as reach stackers, container handlers & terminal equipment. A brand-independent company Forklift center announced their dealership agreement with TTD’99.... Read more »

Posted on : Tuesday , 16th April 2019

NEW POWERHOUSES OF TANZANIA IN THE FLEXIBLE PACKAGING AND LABELING INDUSTRIES

A dominant maker of flexible packaging items with an emphasis on printed roll stock and pouches for a wide assortment of Industries in Tanzania is none other than Creative Packaging Limited. In outcome with their Company name they have confidence in utilizing their inventiveness and creative potential as their particular business process in giving imaginative and cost-effective adaptable packaging solutions for every one of their clients hence.... Read more »

Posted on : Tuesday , 16th April 2019

FOOD AND AGRICULTURE NOW AT THE FOREFRONT OF DEVELOPMENT PLANS IN TANZANIA

The largest and most important sector of the Tanzanian economy is undoubtedly agriculture, the country benefits from a diverse production base which includes livestock, staple food crops and a variety of cash crops. In the last 10 years the sector’s contribution to GDP has more than tripled, this is supported by rising cash crop production, an emerging agro-processing segment and strong domestic demand for processed food. However, at the.... Read more »

Posted on : Monday , 15th April 2019

ENERGY NEEDS IN TANZANIA MET BY INVESTORS INVITED FOR WIND SOLAR PLANTS

As part of plans to diversify its energy generation mix and meet growing demand. Tanzania is seeking investors to build wind and solar power plants. With a minimum capacity of 50MW each the wind power plants are expected to generate 200MW .With a minimum capacity of 20MW each.The solar plants will generate 150MW located in Dodoma, Singida, Shinyanga, Mwanza, Simiyu, Njombe and Iringa Regions.The projects are expected to run over the next.... Read more »

Posted on : Saturday , 13th April 2019

Kenya to sign deal for the US $3bn Nairobi-Mombasa expressway project

Kenya is set to sign the US $3bn deal with USA for the construction of Nairobi-Mombasa expressway this month. US Ambassador to Kenya Kyle McCarter announced the reports and said the deal will pave way for construction works to begin anytime after June. The contract includes development of three additional Special Economic Zones along the alignment next to strategic interchanges which will bring additional revenue to the national and county.... Read more »

Posted on : Friday , 12th April 2019

THE OIL AND GAS MARKET IN TANZANIA DEVELOPING UNTAPPED RESOURCES

Tanzania has become one of the most promising East African hydrocarbons markets on the back of large gas discoveries off the country’s eastern coast. In 2014 when operations were launched at two onshore gas fields, Tanzania began producing natural gas. At Songo Songo and Mnazi Bay. In 2018 Tanzania produced 870 mcm (30.7 bcf) of natural gas, According to Eni’s World Oil & Gas Review, all of which was consumed domestically..... Read more »

Posted on : Friday , 12th April 2019