Market News Page No. 194| Africa Business News

03rd Oil & Gas Tanzania 2017 - Meet and do business with leading giants in the Oil & Gas industry

Tanzania’s upstream oil and gas sector is currently enjoying a boom following major discoveries of natural gas by Statoil, Ophir Energy and BG Group. These discoveries mean that in 2016 Tanzania’s total estimated natural gas reserves quadrupled from 10 trillion to 40 trillion cubic feet. This upward trend has been welcomed by the best global Oil and Gas players, as they ready themselves for the return of Africa’s premier and.... Read more »

Posted on : Tuesday , 13th June 2017

Tanzanias Mining sector is booming

Tanzanias Mining sector is booming. Tanzania is endowed with vast quantities and types of resources whose extraction has been central to the country’s economic growth. Mining is one of the leading sectors in Tanzania, with the value of mineral exports increasing each year. Leading minerals include gold, iron ore, nickel, copper, cobalt, silver, diamond, tanzanite, ruby, garnet, limestone, soda ash, gypsum, salt, phosphate, coal, uranium,.... Read more »

Posted on : Tuesday , 13th June 2017

LightExpo Tanzania brings together domestic and international players in the light industry.

According to the Ministry of Energy and Minerals only 36% of the national population in Tanzania is connected to the grid. While this number is up from 10% in 2010 – access is largely limited to major towns. In rural areas only 11% of the population is connected to the grid. Given the large geographical size of the country and the dispersed population, off-grid energy is well positioned to play an important role in reaching the.... Read more »

Posted on : Tuesday , 13th June 2017

Meet top furniture and wood experts at the 03rd Afriwood Tanzania 2017

Thousands of global and local buyers and sellers will gather in Tanzania to meet top furniture and wood experts at the 03rd Afriwood Tanzania 2017, which opens at The Mlimani Conference Center this August. More than 80 exhibitors will present their latest products and production capabilities to buyers from Europe, the United States, Asia and the Middle East at Africa’s Mega Woodworking and Furniture manufacturing trade exhibition. The.... Read more »

Posted on : Monday , 12th June 2017

Explore the Emerging Market in East Africa - AUTOEXPO TANZANIA 2017

The automobile industry in Tanzania is growing, supported by growing incomes, improving urban infrastructure and the supply of cost-effective vehicles by Asian manufacturers. This sector of Tanzania gives ample opportunities to other countries to enter the market. There has been strong prediction that there will be growth close to 3% per annum in vehicle sales in Tanzania over the period of 2018. As per the statistics of the Tanzania.... Read more »

Posted on : Monday , 14th August 2017

BuildExpo Tanzania 2017 - Africa's premier and most trusted building and construction tradeshow

TANZANIA has in recent years seen unprecedented growth in construction sector, with mushrooming new houses, multi-storey buildings, roads and bridges, the trend that has contributed to surging demand for the building materials, Increased government funding on infrastructure development in almost every financial year has acted as an incentive for continued inflows of investments in the construction industry so this upward trend has been.... Read more »

Posted on : Monday , 14th August 2017

Rwanda: JICA Pledges to Provide Technical Support to 'Smart Rwanda' Initiative

The Japan International Cooperation Agency (JICA) has pledged more support to Rwanda's Information and Communication Technology (ICT) sector as the country moves toward a digital economy. According to Toda Takao, JICA's vice president in charge of human security and global health, the aim is to offer Rwanda full-scale technical support to implement Smart Rwanda master plan. Under the new smart Rwanda master plan, government.... Read more »

Posted on : Sunday , 14th May 2017

Rwanda: Govt Focusing on Off Grid Solutions to Boost Energy Efficiency

The government is set to prioritise off-grid energy solutions such as solar energy and mini-power plants, reduce energy losses, as well as consider using natural gas instead of diesel in energy generating systems to ensure efficiency. According to the Minister for Infrastructure, James Musoni, the development is in line with the country's target to generate 563 megawatts and enable 70 per cent of Rwandan households to access electricity.... Read more »

Posted on : Sunday , 14th May 2017

Rwanda: Vision City Project Supported by Chinese Firm to Address Housing Challenges

Located on one of the hills at "The Land of a Thousand hills," the Vision City project is part of the Rwandan government's efforts to solve housing challenges in the capital city Kigali. The first phase of the project, the biggest housing project in Rwanda, is consisted of 504 units of villas and apartments. According to the plan, after all the four phases are completed, the project will have the capacity to accommodate over.... Read more »

Posted on : Sunday , 14th May 2017

Rwanda: Govt to Launch $250 Million Fund for Affordable Housing

A new affordable housing fund that could enable persons earning between Rwf300,000 and Rwf700,000 in monthly wages to buy a house is due to start in July, officials at the Ministry of Infrastructure (MININFRA) have said. The Minister for Infrastructure, James Musoni, said the fund, estimated to be between $200 million and $250 million (about Rwf206 billion), is one of the key four strategies that the government has come up with to speed.... Read more »

Posted on : Wednesday , 10th May 2017

Urban road upgrading project kicks off in Rwanda

Rwanda’s urban road upgrading project has commenced in the Kigali and is being undertaken by China Road and Bridge Cooperation (CRBC) and expected to improve the overall traffic situation in Kigali. The road upgrading project is expected to be 54.56 kilometers where the investment is being done by China Export-Import Bank in form of preferential loan. This initiative will efficiently enhance the road traffic.... Read more »

Posted on : Monday , 8th May 2017

East Africa: Call for Regional Cooperation to Transform Construction Industry

Resulting from the rapid and sustainable economic growth as well as the ongoing fast urbanization in Ethiopia,there is high demand for cement and concrete, Construction Minister Eng. Aisha Mohamed said. While addressing the 2nd Annual East Africa Cement, Concrete and Energy Summit yesterday, Minister Eng. Aisha reiterated: "With the growth in our economy and the increase in urbanization, there is a parallel need of cement and.... Read more »

Posted on : Wednesday , 3rd May 2017