N e w s

South Africa backs India on solar sourcing

 outh Africa has backed India’s local sourcing rules in solar equipment manufacturing, while calling for BRICS countries to come up with a joint strategy to work around regulations of the World Trade Organisation (WTO).   “BRICS nations need to compare notes on how to re-construct their renewable energy programmes to ensure that the localisation requirements do not technically flout WTO rules,” South Africa’s.... Read more »

Posted on : Thursday , 13th October 2016

Kenyan Tycoon Naushad Merali Set To Open $30 Million Milk Factory

 Sameer Agriculture & Livestock Limited (SALL Kenya), a food processing company owned by Kenyan multimillionaire businessman Naushad Merali, is set to open a $30 million milk factory later this year in Kenya.   According to a report by Business Daily, SALL’s new dairy processing plant is currently being set up in Nakuru and will be operational by June next year. When completed, the plant is expected to employ an estimated.... Read more »

Posted on : Thursday , 13th October 2016

Tanzania: Traders Now Seek to Benefit From Improved Airport

 Dodoma — In the recent past, the government spent nearly Sh11.8 billion on the expansion of Dodoma Airport .   Work on the much touted renovation has been carried out at a time when preparations to shift the government's seat from Dar es Salaam to the designated capital are in full swing.   President John Magufuli said recently that his fifth phase government would be fully operational in Dodoma within the next four.... Read more »

Posted on : Thursday , 13th October 2016

Kenya, Korea sign pact to set up ICT hubs

 Kenya and Korea have signed an MoU to bolster growth of ICT in the country which will see the latter develop a technology institute at Konza technocity.   The deal signed by ICT CS Joe Mucheru and his Korean counterpart Choi Yanghee will see the two countries exchange ideas on how to change lives through ICT.   This will entail exchanges between government ministries, agencies, research and training institutes, businesses and.... Read more »

Posted on : Thursday , 13th October 2016

Equity firm Fanisi targets Sh10 billion in fundraising for regional investments

 Fanisi Capital, a private equity firm targeting start-ups, aims to raise between Sh7.6 billion ($75 million) and Sh10.13 billion ($100 million) in the second round fundraising for regional investments.   The fund targets enterprises in Kenya, Rwanda, Tanzania and Uganda. Chief executive Ayisi Makatiani said the Fanisi Capital Fund II hopes to generate up to $40 million (Sh4 billion) locally, with the rest coming from international.... Read more »

Posted on : Thursday , 13th October 2016

Rwanda cheapest for solar home systems

 With only $6.5/month for two years and with no down payment, Rwandan consumers have the possibility to acquire high quality certified solar home system worth over $150 with four lights, a phone charger and a radio.    Energy opportunity As a result of customer-centric project design, in collaboration with Energy Development Corporation Limited (EDCL) that uses large scale operations and a unique delivery model in collaboration.... Read more »

Posted on : Wednesday , 12th October 2016

Ethiopia: Attracting Many More Investors in Forestry

 Forestry investment is one of the untapped investment opportunities in Ethiopia. Obviously, investment in forestry could yield attractive returns to all actors and contribute substantially to the economic, social and environmental development of countries.   Yes, in line with the existing core values of nurturing and caring for forest ,environmentally and socially conscious investors are actively exploring the "ins and.... Read more »

Posted on : Wednesday , 12th October 2016

Esse Pumped About Airless Packaging System for Probiotic Skincare Line

 Striking packaging is helping South Africa-based Esse successfully launch its Esse Probiotic Serum skincare line.   Esse uses innovative production techniques, airless glass packaging and a preservative-free formula for its Probiotic Serum, which launched in 2015 as what the company says is the world's first live probiotic serum. The probiotic microbes are encapsulated and suspended in an oil base, reanimating and dividing when they.... Read more »

Posted on : Wednesday , 12th October 2016

PSA Makes Europe Player in Ethiopian Auto Industry

 French automaker PSA Group turns to Ethiopia to launch assembly of Peugeot 2008, 301 and 208 models.   PSA opened the new $1.2 million assembly plant in partnership with Mesfin Industrial Engineering, a local business that built the factory in Tigray in the northern region of the East African country. It is expected initially to assemble 1,200 vehicles yearly for sale to Ethiopia’s growing car market and to neighboring.... Read more »

Posted on : Wednesday , 12th October 2016

Kenya: Govt to Tap Solar Energy in Arid Counties for Use in Schools

 The government says it will exploit solar energy potential in Marsabit and other arid and semi-arid counties for affordable and safe energy.   Environment Principal Secretary Charles Sunkuli said the government will tap renewable energy to realise the digital literacy programme (DLP) and protect the environment.   Commissioning the DLP project at Korr primary school, Marsabit County on Friday, Mr Sunkuli said the government.... Read more »

Posted on : Wednesday , 12th October 2016

S.African construction firms to pay $90 mln into sector's development fund

 Six South African construction companies will contribute a total of 1.25 billion rand ($90 million) over the next 12 years towards a fund to develop skills in the sector and give black workers a bigger role, a cabinet minister said on Tuesday.   Economic Development Minister Ebrahim Patel said the voluntary contribution would be in addition to a 1.4 billion rand penalty imposed by antitrust authorities on the sector in 2013 for.... Read more »

Posted on : Wednesday , 12th October 2016

Dangote to become oil and gas giant in Africa

 Dangote Group of Companies, renowned in the production and distribution of cement in the West African sub-region are now wading into the oil and gas sector and is envisaged to have the largest oil refinery company in Africa.   The $ 16 billion world class refinery/ Petrochemical complex comprise a refinery, petrochemical and fertilizer plants. This came to light when Mr Anthony Chiejina, Chief Corporate Communications Manager of.... Read more »

Posted on : Wednesday , 12th October 2016



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