Market News Page No. 445| Africa Business News | Afrotrade

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IFC supports Rwanda farmers

Local maize farmers will be supported by the International Finance Corporation (IFC), a member of the World Bank Group which extended a loan of $25million to Bralirwa Ltd (Brasserie et Limonnaderies du Rwanda), funds that will go to sourcing the maize farmers and support Bralirwa in plans of expanding production of soft drinks. “The funding will support our extensive program in Gisenyi, Kigali and the Ndego farm.... Read more »

Posted on : Monday , 31st August 2015

Ugandans urged to do more cross border trade in EAC

Ugandans should take advantage of the East African Community integration to do more cross border trade, the undersecretary in the Ministry for East African Affairs has said. Daniel Mugulusi said it is now easier to do trade among regional countries since Ugandans only require a national identity card to be able to access markets in neighbouring countries. “Our neighbours have taken advantage of the East.... Read more »

Posted on : Monday , 31st August 2015

Muzizi power dam project takes off

The 44 mega watt (MW) Muzizi Power Dam in Kibale District will finally be a reality soon following the signing of an agreement between the German Development Bank (KfW) and the Agency for French Development under which the two institutions will fund the project to the tune of €70m (about Shs 270 billion). Muzizi Hydro Power Dam is to be constructed on River Muzizi, a tributary of Lake Albert, for the benefit of communities in.... Read more »

Posted on : Monday , 31st August 2015

Kenyans call for builders

Stakeholders behind a $US25 billion mega project in East Africa will today call on WA companies to bid for work on the Lamu Corridor in Kenya, as they seek to overturn fears about corruption in the country. Due to speak at today’s East Africa Oil and Gas Conference in Perth, Silvester Kisuku, chief executive of the LAPSSET Corridor Development Authority, will highlight opportunities. Kenya Australia Chamber of.... Read more »

Posted on : Monday , 31st August 2015

Animal Feed Crushing Machine Launched

A rural development centre in Ongwediva has launched an animal crushing machine. The machine was made in Ongwediva by artisans at the centre. The machine processes mahangu, maize, corn and other grains which are used as animal feed. Nico Aipumbu, a marketing officer at the Ongwediva Rural Development Centre, said requests and demands from visitors of the show last year resulted in the centre creating the.... Read more »

Posted on : Saturday , 29th August 2015

Kenya: Simba, Vivo Secure Diversified Kenya Partnership

Nairobi — Vivo Energy Kenya, the company that distributes and markets Shell-branded fuels and lubricants, has sealed a mutual interest partnership with local diversified business group, Simba Corporation. The deal will see Vivo access tailor made vehicle leasing solutions from Simba. Alongside the partnership, Vivo has been retained by Simba Corp as the exclusive lubricants supplier for the upcoming Simba Corporation.... Read more »

Posted on : Saturday , 29th August 2015

Shell Declares Force Majeure On Bonny Light Exports

The spate of pipeline vandalism and crude oil theft in the Niger Delta is increasingly assuming alarming proportion as Shell Petroleum Development Company (SPDC) has again declared force majeure on the exports of Bonny Light grade of crude oil as result of the activities of vandals and oil thieves. This action is coming in less than one week after the company lifted the force majeure it had declared on gas supplies to the Nigeria LNG.... Read more »

Posted on : Saturday , 29th August 2015

Ethiopia: Bold Move to Foster Pharmaceutical Industry

Pharmaceutical excipients are no longer inert materials but are effective and able to improve the characteristics of the products' quality, stability, functionality, safety, solubility and acceptance of patients. It can interact with the active ingredients and alter the medicament characteristics. The globalization of medicines' supply enhances the importance of globalized good manufacturing practice (GMP) requirements for pharmaceutical.... Read more »

Posted on : Saturday , 29th August 2015

Nigeria: Govt Signs U.S.$237 Million World Bank Electricity Deal

Abuja — TO underscore commitment to the on going reform in the power sector, the Federal Government yesterday announced that it has completed the signing of the World Bank Partial Risk Guarantees (PRGs) in support of the 450 megawatts Azura-Edo Independent Power Plant (IPP). The deal was concluded on Friday, August 21, 2015. Parties to the agreement included the Federal Government represented by the Ministry of Finance and.... Read more »

Posted on : Saturday , 29th August 2015

Ethiopia: Gilgel Gibe III On a Trial Electric Power Production

The largest hydropower plant in Ethiopia, Gilgel Gibe III, started trial electric power production on Tuesday (August 25, 2015), announced the Ministry of Water, Irrigation and Energy. The dam begins trail production since it stored water that enables the production, Alemayehu Tegenu, Minister of Water, Irrigation and Energy told the press. When the trail is successful, Gibe III is expected to start generating 500 megawatt of.... Read more »

Posted on : Saturday , 29th August 2015

Power: Energy for all in 2020

The government will have to act quickly and mobilise funds to connect all of the country's population centres to the national grid in the next five years. With inadequate electricity supplies sapping the country's economic growth, the government has launched several large projects to increase generation capacity and connect more customers to the national grid. The limitations of Kenya's current energy infrastructure are stark. Amos.... Read more »

Posted on : Saturday , 29th August 2015

Nigeria: Toyota Unveils Brand New Tecoma

TOYOTA has left its Taco sitting on the counter since 2005, and it has almost gotten stale. By default, those hungry for a mid-size truck have had no choice but to clog their noses and scarf down what Chef Toyota was cranking out of its kitchen until the new Chevrolet Colorado and GMC Canyon came out. Now Toyota's cooked up a new taco. Toyota, the long-time king of the mid-sizers, has been displaced from the top of the leader board. And.... Read more »

Posted on : Saturday , 29th August 2015

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