Market News Page No. 102| Africa Business News

The Cashew Farmers Got Paid Over 60bn/ - By Government In Tanzania

The Tanzania government has paid 60.6bn/-to cashew nuts farmers in Coast Region in the last season 2018/2019 as others wait for the completion of verification exercise to get paid. Coast Regional Commissioner (RC), Engineer Evarist Ndikilo told a Regional Consultative Committee (RCC) meeting in Kibaha that the cashew nuts trading continues, only consignments which reached main warehouses will be paid. "While verification exercise.... Read more »

Posted on : Monday , 16th December 2019

The Agricultural Commercialization Cluster Launched In Ethiopia

The Government of Ethiopia in partnership with the EU, Denmark, and the Netherlands, has launched the Agricultural Commercialization Cluster (ACC) program. The program to be implemented with close to EUR 100 million in funding from the European Union, Denmark, and Netherlands, will benefit five million Ethiopian smallholder farmers. President Sahle-Work Zewde, Ambassador of the EU Johan Borgstam, Ambassador of Denmark Karin Poulsen and.... Read more »

Posted on : Monday , 16th December 2019

Sinopec lubricants enters Kenyan market

Sinopec, Chinese oil giant, has launched its lubricant brand in Kenya, making a venture into the fast-growing division of the country market. Sinopec, the Fortune 500 Government owned Corporation, is an integrated energy and chemical company with upstream, midstream and downstream operations.It is a widely listed company in New York, Hong Kong, London and Shanghai Stock Exchanges. Sinopec Lubricant Company is a subsidiary which is directly.... Read more »

Posted on : Thursday , 12th December 2019

A Significant Boost To The EU's Cooperation With Ethiopia

The new President of the European Commission, Ursula von der Leyen, on the occasion of her first official visit outside Europe, declared in Addis Ababa a remarkable boost to the EU'' collaboration with Ethiopia.The statement comes as President von der Leyen and Commissioner for International Partnerships Jutta Urpilainen met with Ethiopian Prime Minister Abiy Ahmed in Addis Ababa. Ursula von der Leyen, said, "Ethiopia has given hope to a.... Read more »

Posted on : Thursday , 12th December 2019

EAC To Promote The Textiles And Apparels Sector In East Africa

The 39th Council which was chaired by Rwanda’s Minister of State for Foreign Affairs, Regional Cooperation and East African Community Affairs, Amb. Olivier Nduhungirehe, was attended by line Ministers from all the EAC Partner States and EAC Executives. EAC Council of Ministers has approved the Final Draft Cotton, Textiles and Apparels (CTA) Strategy and its Implementation Roadmap. The strategy whose vision is to have “An.... Read more »

Posted on : Thursday , 12th December 2019

Cars45 expands into Ghana and Kenya multi-billion dollar African used car market

Cars45 plans to break into African used car market, a multi-billion dollar market with its tech-enabled marketplace.In order to tap into the $45 billion Africa automotive retail sector, Cars45 has launched operations in Kenya and Ghana. The Nigerian automotive tech-enabled platform stated that plans are at top gear to upsurge its footprint in the countries by inaugurating centers across the cities.Remarking on the expansion, Etop Ikpe, CEO and.... Read more »

Posted on : Thursday , 12th December 2019

Murang'a Substation at Completion Stage: Kenya

Construction of the Murang'a substation in Kenya nears completion. Kenya Power Company (KPC) Manager, Eng. Harrison Kamau, confirmed the report and said that the project will be completed and equiped for commissioning by end of December.The 7.5MVA substation aims to strengthen power supply in Murang’a. It is being subsidized at Kenya Power Company (KPC) at a cost of US $3m. At present it is at 65% completion. It is projected to boost power.... Read more »

Posted on : Monday , 16th December 2019

Turkish Dentists Are Offering Free Dental Care In Kenya

A partnership between Turkey and Kenya aimed at promoting oral care. Turkish dentists are offering free dental care and promoting oral hygiene awareness in Kenya. Turkish Representative to Kenya Ahmet Cemil Miroğlu and Lamu Governor Fahim Yasin Twaha visited the dental health camp, witnessing first and the hundreds who were treated. Miroglu and Twaha conveyed their satisfaction with the services being.... Read more »

Posted on : Wednesday , 11th December 2019

Legero Lighting India Pvt Ltd to Promote Their Lighting Products at Lightexpo Ethiopia 2020.

Legero Lighting India Pvt Ltd recently has signed up as an exhibitor at the Ethiopia's mega event Lightexpo 2020.The lighting industry in Africa is on a globalization drive, providing the African consumers with a variety of lighting products sourced domestically as well as internationally. In the context of the reduced import duty, this globalization drive is further gaining momentum.Legero Lighting India Pvt Ltd was established in 2009 in.... Read more »

Posted on : Wednesday , 4th December 2019

400kV Konza-Isinya Power Line to be constructed by Chinese Firm

China Aerospace Construction Group has disclosed construction of a 40-km 400kV Konza-Isinya transmission line, which will power Konza City as well as Kajiado, Makueni, and Machakos counties.The project, which is being contracted in partnership with Kenya’s ministry of energy, is focused to ensure constant supply of power for the proposed smart city located in Machakos.The Konza-Isinya transmission line, whose cost is yet to be published, is.... Read more »

Posted on : Wednesday , 4th December 2019

The Electricity Initiative Touches 70 mln People

Power Africa, a five-year American presidential initiative introduced by former President Barack Obama, has actively created 15 million new electrical connections bringing electricity to 70 million people.The US government-led initiative that aims to double access to electricity in Sub-Saharan Africa was launched in 2013. It has a goal to add 30,000 megawatts of new power generation and 60 million new electrical connections by 2030. From a total.... Read more »

Posted on : Tuesday , 3rd December 2019

Ethiopia to upgrade Gilgel Gibe II power plant

Ethiopia has announced plans to upgrade certain equipment at the Gilgel Gibe II hydroelectric power plant after a successful conference held in Berlin, the German capital. Voith Hydro East Africa, the subsidiary of the German company Voith Hydro, has been chosen by the Ethiopian authorities to undertake the major project. The contract was signed in Berlin by Seleshi Bekele, Ethiopian Minister of Water, Irrigation and Power and Mark.... Read more »

Posted on : Monday , 2nd December 2019