Market News Page No. 324| Africa Business News | Afrotrade

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Ethiopia: East Africa Metals Requests Gold Mining License

East African Metals, a Canadian mine development company with an interest in exploration projects, has requested a license from the Ministry of Mines, Petroleum & Natural Gas, to start the large scale extraction of gold and silver in Ethiopia. The company has submitted its application to produce the minerals, in Tigray regional state, Terakimti locality. The company has been active in the exploration of gold in.... Read more »

Posted on : Thursday , 25th August 2016

Tanzania: Netherlands Reaffirms Food Security Support to Dar

The Netherlands has affirmed that it would continue focusing on providing Tanzania with knowledge and skills on priority sector of agriculture and food security in helping the country's transformation. Deputy Head of Mission, Ms Hinke Nauta, said in Dar es Salaam recently that the agriculture and food security gained more attention because the Netherlands and Tanzania have longstanding cooperation on the sector. She noted.... Read more »

Posted on : Thursday , 25th August 2016

Tanzania: Increase Funding to Farming, Govt Urged

Lusaka — A researcher has called upon the Tanzania government to increase its funding for agriculture as a way of driving the country's industrialisation agenda. Agriculture, will furnish the manufacturing sector with the needed raw materials as the country seeks to become a middle income and semi-industrialised country by 2025, according to the coordinator for the department of rural economy and agriculture for the.... Read more »

Posted on : Thursday , 25th August 2016

Kenya is set to train Liberian health workers in specialized health services

Kenya will offer training opportunities in specialized health services to Liberia, Health Cabinet Secretary, Dr. Cleopa Mailu has said. The CS said Kenya will increase Liberia’s capacities by training health workers in institutions of higher learning in the field of radiology, epidemiology, laboratory and anesthesia. The CS made the remarks when he held bilateral talks with Liberian Minister for Health, Dr. Bernice.... Read more »

Posted on : Thursday , 25th August 2016

Tanzania: 1 Billion/ - Development Projects for Launch As Uhuru Torch Enters Rorya District

Rorya — Uhuru Torch enters Rorya District in Mara Region today, where various development projects worth over 1bn/- are lined up inauguration, the District Executive Director Charles Chacha said yesterday. "We will receive the Uhuru Torch at Kinesi area on Thursday morning and later go through various villages of Rorya District," the council chief told the 'Daily News' here yesterday. The projects that will be.... Read more »

Posted on : Thursday , 25th August 2016

Tanzania Purchase 2 Bombardier Q400 Aircraft

The Government of Tanzania recently signed a purchase agreement for two Q400 aircrafts with Canadian manufacturer Bombardier. The aircrafts will be delivered with a 76-seat configuration at the price of USD62m. They will be used for commercial airline operations by Air Tanzania Company Limited (ATCL), the national carrier of Tanzania. “Tanzania is a large country with some challenging airfields, and the Q400.... Read more »

Posted on : Thursday , 25th August 2016

President Uhuru Kenyatta asks landowners to support infrastructural projects

President Uhuru Kenyatta has asked those with land through which infrastructural projects are passing through to surrender it. Otherwise, the President said the government will forcibly seize it. The President said a few individuals will not be allowed to stand in the way of projects that could save billions of shillings wasted in traffic jams. He blamed landowners for delaying theprojects. "Nairobi loses Sh147.... Read more »

Posted on : Thursday , 25th August 2016

National Oil and GDC sign agreement to jointly off er oil, gas drilling services

Geothermal Development Company and National Oil Corporation of Kenya will jointly offer oil and gas drilling services in Kenya and the region. The two state-owned firms have signed a deal to provide the services by leveraging on their individual and collective technical expertise. In the memorandum of understanding, GDC will give NOCK equipment and provide specialised drilling services. The deal also details terms of capacity building,.... Read more »

Posted on : Thursday , 25th August 2016

Kenya to export oil earlier than planned by two years

The government has brought forward the country’s oil production deadline by two years, a move that could see Kenya become a net exporter earlier than 2022. President Uhuru Kenyatta yesterday said the government has “set a path” that will make the country become a key producer and exporter by 2019. This includes expediting the construction of the 891-kilometre (heated) Lokichar–Lamu crude oil.... Read more »

Posted on : Thursday , 25th August 2016

How business can drive energy access for all

In the past decade, renewable energy growth has broken records year after year, and 2015 was a remarkable one for developing countries. For the first time in history, according to the United Nations Environment Program, total investment in renewables exceeded that in developed economies, driven in part by national policies and the improving cost-competitiveness of renewable technologies. Investors, multinational energy players and.... Read more »

Posted on : Wednesday , 24th August 2016

Street lighting and road expansion turn Kisumu estate into business hub

The expansion of roads and street lighting has breathed new life into Kisumu’s Kondele estate. As a result, more entrepreneurs have set up retail stores, shopping malls, bars, hotels, and gyms in the area. Previously feared for insecurity, Kondele is fast turning into an attractive investment hub. Kenya National Chamber of Commerce and Industry executive member Israel Agina said Kondele’s big population was.... Read more »

Posted on : Wednesday , 24th August 2016

Tanzania: Firm Injects U.S. $2 Million in Packaging Industry

Mwanza — MWANZA - BASED Falcon Packaging Ltd has injected two million US dollars in the packaging industry in a strategic drive geared to complement government-backed initiatives aimed at improving the performance of business and industrial sectors. The investment is for production of well-designed packaging materials for domestic and industrial uses. "We have decided to come up with high quality packaging materials which can.... Read more »

Posted on : Wednesday , 24th August 2016

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