Market News Page No. 124| Africa Business News | Afrotrade

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Tanzania Supplies One Million Metric Tonnes Of Maize And Flour To Kenya

Tanzania will supply one million metric tonnes of maize and flour to Kenya in a period of 12 months to bridge a shortfall of corn that has led to soaring prices of food. The Deputy Minister for Agriculture and Irrigation, Hussein Bashe told the 'Daily News' yesterday Kenyan officials whom he met in Dar es Salaam yesterday had requested to be supplied with one million metric tonnes of maize and they agreed that amount would be supplied.... Read more »

Posted on : Monday , 5th August 2019

Queens Supermarket Opens A New Branch In Keranio,Ethiopia

Queens Supermarket, the retail business under the MIDROC Technology Group, has opened a new branch in Keranio, western Ethiopia, after investing US$2.06 million (59.3 million Br). The branch, which brings the total number of outlets that Queen operates to eight, is expected to generate US$2.60 million (75 million Br) a year, and create 50 employment opportunities. “We expect the supermarket will generate almost 50pc of the.... Read more »

Posted on : Monday , 5th August 2019

PLASTICS, PRINTING AND PACKAGING EXPO OPENS AT THE KICC, NAIROBI

The 22nd edition of the PPPEXPO 2019 was inaugurated at KICC, Nairobi in Kenya by Mr. Roy Otieno, Ministry of Industry, Trade and Cooperatives, Government of Kenya. Running from the 1st – 3rd August 2019 for the plastic, printing and packaging industry. The PPPEXPO 2019 brings to Kenya the latest products and developments in the printing and packaging sector made globally across the industry while opening up more opportunities for the.... Read more »

Posted on : Friday , 2nd August 2019

KENYA INTERNATIONAL TRADE EXHIBITION OPEN TODAY AT KICC, NAIROBI

22nd KENYA INTERNATIONAL TRADE EXHIBITION AFRICA (KITE), Kenya's premier business event for industry and trade was inaugurated today in Nairobi at the Kenyatta International Convention Centre (KICC). Opened by Mr. Roy Otieno, Ministry of Industry, Trade and Cooperatives, Government of Kenya, the event will run for 3 days from the 01st to 03rd August 2019. Co-located with the event are the specialized 22nd PPPexpo (Plastics, Printing and.... Read more »

Posted on : Thursday , 1st August 2019

FOODAGRO KENYA INDUSTRY MEET AT KICC, NAIROBI OPEN TODAY

22nd FOODAGRO AFRICA, Kenya's premier business event for the Food & Agriculture industry was inaugurated today in Nairobi at the Kenyatta International Convention Centre (KICC) by Mr. Roy Otieno, Ministry of Industry, Trade and Cooperatives, Government of Kenya. Running for 3 days from the 01st to 03rd August 2019 the event is co-located with the 22nd Kenya International Trade Exhibition (KITE). The 22nd Foodagro Africa 2019 is expected to.... Read more »

Posted on : Thursday , 1st August 2019

Afga Middle East Further Expands its Business Activities in Africa

Afga Middle East has always had its eyes on the lucrative African printing market and it recently installed three printers for two of its Congo-based customers - XL Media Group and Congo Graphics. For XL Media, the hybrid printer Jeti Titan HS UV marks Agfa Middle East's 10th installation at its facility. Som John, general manager, Agfa said, “Jeti Titan HS is one of the highest selling printers in our assortment in the last five.... Read more »

Posted on : Thursday , 1st August 2019

QATAR PETROLEUM SIGNS AGREEMENT ON THREE KENYAN OFFSHORE BLOCKS

A State-owned company, Qatar Petroleum, of the energy-rich Arab nation, has gained a block of Kenya’s offshore oil and gas exploration fields, adding to a expanding list of global corporations eyeing to exploit huge fuel deposits believed to be underneath the Indian Ocean seabed. The company said it has signed an agreement with French multinational oil and gas company Total and its Italian associate Eni to take over three offshore.... Read more »

Posted on : Thursday , 1st August 2019

Kenya gets into a Deal for First Ever Oil Development

Kenya has signed a Head of Terms agreement with joint venture partners, Africa Oil, Tullow Oil plc and TOTAL S.A for the very first development of an oil processing facility and a crude oil export pipeline. The agreement signed by the Ministry of Petroleum and Mining on behalf of the government will see the oil majors build a 60,000 – 80,000 barrels per day (bpd) processing facility for oil identified in the country’s northwest and,.... Read more »

Posted on : Thursday , 1st August 2019

De La Rue Kicks off Major Partnership with Kenyan Government on Security Printing

De La Rue plc ("De La Rue" or the "Group") will be bringing its security printing expertise to Kenya with the start of its joint venture with the Kenyan government on its currency and secure printing site in the Republic of Kenya, Nairobi. Recognised as the world's largest commercial currency and security printer, De La Rue with this new joint venture aims to strengthen and build on the Group's existing long-term.... Read more »

Posted on : Thursday , 1st August 2019

TDB BANK WILL FUND VARIOUS RENEWABLE ENERGY PROJECTS

Trade and Development Bank (TDB), a bank located in Bujumbura, Burundi, aims to invest in renewable energy projects in East Africa. The bank already has a focus on geothermal energy in countries such as Kenya and Ethiopia. Several self-reliant power producers (IPPs) are currently in discussions with the Trade and Development Bank (TDB), a commercial bank possessed by the Member States of the Common Market for Eastern and Southern Africa.... Read more »

Posted on : Thursday , 25th July 2019

KOKO Introduces First Network of 700 'KOKOpoints' in Nairobi

KOKO, a Venture-backed technology company Networks has launched its first network of 700 ‘KOKOpoints’ inside neighbourhood shops across Nairobi The urban cooking fuel market is estimated more than US$20bn in Africa and remains dominated by dirty cooking fuels such as charcoal, which is produced through deforestation and causes millions of early deaths through indoor air pollution. KOKO’s market-leading technology platform.... Read more »

Posted on : Wednesday , 2nd October 2019

Qatar Petroleum acquires interest in three offshore Kenya blocks in deal with Eni and Total

Qatar Petroleum has acquired three offshore blocks (L11A, L11B and L12) in Kenya after closing a deal with Eni and Total the company has announced. The partners comprising the consortium will consist of affiliates of each of Eni (the operator) with a 41.25% participating interest, Total with a 33.75% participating interest, and Qatar Petroleum with a 25% participating interest. Prior to the agreement Eni and Total held 55% and 45% interest share.... Read more »

Posted on : Wednesday , 24th July 2019

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