Market News Page No. 431| Africa Business News | Afrotrade

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Nigeria: Commission Inaugurates Enforcement Task Force On Electricity Supply

The Nigerian Electricity Regulatory Commission, NERC, on Friday inaugurated an enforcement task team on electricity supply. The Chairman of the Commission, Sam Amadi, said the inauguration of the task force on regulatory enforcement became necessary following recent improvement in available electricity to consumers. Mr. Amadi attributed the improvement in electricity supply in the country in recent times to the efforts of the.... Read more »

Posted on : Saturday , 19th September 2015

Sudan Says 2015 Gold Production Reached 54 Tonnes

Khartoum — The Sudanese Minister of Minerals, Ahmed El Sadeg El Karori, announced yesterday that the country's gold production amounted to 54 tonnes in the past eight months. Against the current market price of US$35,579 per ton, the production value would be close to 1,9 billion dollar. Sudan is emerging as one of Africa's top gold producers. The Minister said that only 10 tonnes of the production is coming from companies, and.... Read more »

Posted on : Saturday , 19th September 2015

Southern Africa: Namibia Subsidises Botswana's Diamond Industry

Not too long ago, diamond profits and taxes were seen as the most single biggest source of Namibia's state revenue. Now, many would tell you that the main source of revenue is actually import duty from the Southern African Customs Union (Sacu), which is only partially right. By 2014 Sacu revenue for Namibia's tax coffers was estimated at 37% of total government income. This is down from the peak of 47% in 2007, but Namibia remains.... Read more »

Posted on : Saturday , 19th September 2015

Zambia: Mines Ask for Relief On Investment

THE Zambia Chamber of Mines (ZCM) recommends that deduction of capital allowances for the mining industry should be reverted to 100 per cent on total capital expenditure per annum. ZCM president Nathan Chishimba said in submissions for the 2016 National budget that most mining expansion projects were long term in nature and that it was important to give relief during that period of investment. "For example sinking a shaft.... Read more »

Posted on : Saturday , 19th September 2015

Africa: CIO Mining Africa Summit to Bring a New Dawn for the Mining CIO

With technology being dynamic and more and more organisations adopting Cloud and Big Data technologies, it is essential for any organisation that wants to be successful to have a CIO. This has seen the role of the CIO in any organisation evolve in the recent past not only in the IT industries but across all sectors. More and more organisations see how IT can revolutionize the work environment therefore appreciating the role a CIO plays.... Read more »

Posted on : Saturday , 19th September 2015

Tunisia: Gafsa - Phosphate Production Has Reached 1.6 Million Tonnes Since Early 2015

Gafsa — Production of the Gafsa Phosphate Company (CPG) has reached 1 million tonnes from the beginning of this year until August, including 707 thousand tonnes in the months of July and August. Production activities in units under the CPG have resumed in the mining cities after seven months of interruption as a result of protests observed by unemployed people in production sites. Director of Production Monitoring and.... Read more »

Posted on : Saturday , 19th September 2015

Sh49.6 billion solar project launched in Kenya to generate clean energy

This is part of the country's strategy to embrace green energy and avoid over-dependence on sources of power that are harmful to the environment. The Sh49.6 billion project will be spearheaded by the Government through the Tana and Athi Rivers Development Authority (TARDA) in collaboration with Ultra Clean Energy Solutions (EA) Limited and Hitachi India (PVT) Limited. Speaking during the launch of a four-year strategic plan (2014-2018),.... Read more »

Posted on : Friday , 18th September 2015

East Africa: State agency seeks to bring about bettement in the FoodAgro sector

Tana and Athi Rivers Development Authority (Tarda) has planned for the project that aims to increase the production of sugar cane from 70 to 110 metric tonnes per hectare, scale up production of ethanol and animal feed, generate 35 Mega Watts of power and create employment. "Growing sugar cane along the Tana Delta will eliminate the sugar deficit that currently stands at 200,000 metric tonnes. This is because the climate is more.... Read more »

Posted on : Friday , 18th September 2015

China VP Stresses Industrial Investment in the African Continent

Hangzhou — Chinese Vice President Li Yuanchao called on China and Africa to draw on private investment in their industrial cooperation when he addressed the fourth China-Africa People's Forum in Yiwu of east China's Zhejiang Province on Wednesday. The city is known as the world's largest wholesale market for small consumer goods and is home to more than 3,000 African businessmen. As China works to upgrade its.... Read more »

Posted on : Friday , 18th September 2015

Japan to fund the construction of a research centre in East Africa

Japan through its agency, Japan International cooperation Agency is set to construct a research centre in Ethiopia that will serve as a training and research center throughout Africa. The construction project dubbed Kaizen institute will be built on a 3,000sqm piece of land at Sar Bet near the African Union in Addis Ababa. An agreement was signed between Kimura Takusaburo, Japan International Corporation Agency’s.... Read more »

Posted on : Friday , 18th September 2015

Chinese Company to invest in East Africa's Gas extraction

A Chinese company engaged in natural oil gas exploration with a capital of five billion USD in Ethiopia is expected to produce 40 billion gallon gas after three years. President Dr Mulatu Teshome held talks with Chinese Poly Technology Company Vice President Huang Geming at the National Palace yesterday. President Mulatu said the relationship between Ethiopia and China would help attract more huge companies into.... Read more »

Posted on : Wednesday , 16th September 2015

Nairobi County endorsed as a Culinary Hub

Group CEO of International Quality Awards Ltd. Mr. Mansoor Jiwani NAIROBI, KENYA: In the spirit of re-branding Nairobi, the County Executive of Trade Industrialization, Cooperative Development and Tourism, Anna Othoro touched on the need to differentiate "Nairobi as a Brand" and explore the Live-Love Nairobi campaign through culinary tourism. "Nairobi has so much to explore and so much to crave in terms of food and beverage.... Read more »

Posted on : Wednesday , 16th September 2015

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