Market News Page No. 169| Africa Business News

MAGUFULI WANTS 'FIRST OIL' BEFORE 2020

John Magufuli wants investors, the governments of Uganda and Tanzania to accelerate the construction of the East African Crude Oil Pipeline (EACOP). Magufuli wants the pipeline to be constructed in the shortest time possible instead of waiting until 2020. After completion of key infrastructures like the pipeline and the refinery, Uganda expects to start oil production. However, Magufuli believes that it can be done.... Read more »

Posted on : Tuesday , 5th December 2017

GAS CONSUMPTION TO RISE BY 30PC IN 2017

Utilization of dry gas in Tanzania is set to increase to 1.7 billion cubic meters from 1.3 billion cubic meters last year. London-based Business Monitor International (BMI) Research, which provides macroeconomic, industry and financial market analysis in 24 industries and 200 global markets, says Tanzania has per capita gas consumption of 15.9 cubic meters while the reserve is 1.6 trillion cubic meters. David Earnshaw, Laura.... Read more »

Posted on : Tuesday , 5th December 2017

East African countries join hands to promote legal logging

In a bid to improve legal timber trade and save legitimate businesses from falling prey to the losses sustained by illegal logging, Eastern African Representatives from across different countries are meeting to discuss the formal launch and implementation of the steering committee for the Zanzibar Declaration on Illegal Trade in Timber and other Forest Products. The Zanzibar Declaration signed in September 2015 during the XIV World.... Read more »

Posted on : Wednesday , 22nd August 2018

Milestone deal between Uganda and Tanzania

Dar es Salaam — Trade relations between Uganda and Tanzania have reached another significant milestone, this after the former opted to sign a Memorandum of Understanding (MoU) on Railway Transport Services And Cooperation and Improvement of Ports and Inland Waterways. As per the MoU, Uganda, being one of the East Africa's landlocked countries, will be able to use the port of Dar es Salaam for transporting its cargo. This is a cost.... Read more »

Posted on : Wednesday , 22nd August 2018

Better Age Identification in Africa through Teeth Examination

For many rural African populations, information on uncompromised improvement and development variation is missing, and analysts normally look at development in the population of interest to standards that are planned for European or US kids. Be that as it may, analysts from the University of the Witwatersrand in Johannesburg think evaluating teeth could be a significantly more precise approach to decide the age of children in.... Read more »

Posted on : Wednesday , 18th April 2018

$40m Coltan Plant in Tanzania to boost mineral production

The government officials as well as AB Minerals and Destiny Minerals and Agriculture Consultant (DMAC) representatives met here recently to discuss a project for a plant that will be constructed in Dar es Salaam to add value to tantalum and niobium. It is known that Rwanda, Burundi, Mozambique, Ethiopia, Democratic Republic of Congo and Nigeria will be major importers of the minerals as they are major producers of tantalum and niobium in.... Read more »

Posted on : Wednesday , 14th March 2018

Mercury-Free Dentistry Campaign Shifts Focus to Africa

A vibrant global campaign to ban the use of mercury in dentistry is shifting direction: moving from Europe to the developing world Attorney and President of the World Alliance for Mercury-Free Dentistry, Mr. Charlie Brown, who is heading the campaign was quoted saying, “When you return to your home countries, please do as the European Union has done: phase out amalgam for children now, for one simple reason: The children of your nation.... Read more »

Posted on : Monday , 4th December 2017

Much needed shine with solar campaign in East Africa

World Bank-IFC have created a new campaign, called “shine with solar”, it is the complete deal” (Ngaa na Sola – Ndo Mpango Mzima) to raise consumer awareness about the advantages of modern quality solar off-grid lighting. The program has been designed to provide the right information and help people make the right decisions regarding solar energy generation. It will also offer consumers a wide range of products that meet.... Read more »

Posted on : Friday , 27th July 2018

Lighting solution provided to 500,000 people in East Africa

In a statement regarding the recent achievements, Thomas Gottschalk, the Mobisol founder and CEO, said: “We are proud to have reached this important milestone to electrify half a million people in rural East Africa. But it does not end here, our vision is to help make poverty history by providing sustainable and affordable energy solutions to 20 million people by 2023 and, ultimately to show the world that a cleaner, non-fossil fuel.... Read more »

Posted on : Thursday , 22nd March 2018

Double Decker Buses Come to Ethiopia

Ethiopia will have Double-Decker buses to be used for public transport for the first time. The 50 buses which were ordered by the Addis Ababa City Administration will have 80 seated passengers and up to 60 standing. They are assembled in Bishoftu by the Metals and Engineering Corporation (MeTEC). The buses are three meters high and eight meters long. The design of the high capacity buses, which promise opportunities for local.... Read more »

Posted on : Monday , 4th December 2017

USD 40 Billion potential saving with smart investments

Shifting to more efficient appliances and air conditioners can take more than a decade for the existing stock to turn over, or for the switch to electric cars which will take even longer, installation of more energy efficient lighting can happen far more quickly as the old incandescent bulbs burn out within a year or two. 15 percent of all worldwide electricity use goes into lighting and there are several billion sockets around the.... Read more »

Posted on : Monday , 4th December 2017

Uber in Kenya along with AAK to promote safe driving

Uber has proposed a series of Safety information sessions for partner drivers across Middle-East and Africa, partnering with Road Safety experts and Police representatives, to plan and offer Safety tips for drivers and also give them an opportunity to talk about personal and road safety challenges with topic specialists. Uber in Kenya, collaborating with Automotive Association of Kenya (AAK) has proposed a series of 30 Driver’s.... Read more »

Posted on : Monday , 4th December 2017