Market News Page No. 124| Africa Business News

USD 265 million bridge to be constructed over Lake Victoria by Tanzania

A contract worth USD 265 million for the construction of 3.2 km long bridge over the lake Victoria has signed by the Government of Tanzania. Two Chinese companies have been awarded this contract with the aim of increasing trade connectivity among the East African countries. The two companies namely the China Railway 15th Bureau and China Civil Engineering Construction Company (CCECC) will reportedly build a link over the Gulf of Mwanza, which.... Read more »

Posted on : Wednesday , 14th August 2019

GIZMO GLOBAL CONNECTIONS LTD ALL SET TO PARTICIPATE AT 5TH LIGHTEXPO TANZANIA 2019 FROM 12TH TO 14TH SEPTEMBER

Gizmo Global Connections Ltd has signed up as an exhibitor at the most awaited event in Tanzania “5TH LIGHTEXPO”, in order to explore and expand its magnificent foot holes in Africa market. Allocacoc is a one-of-a-kind industrial design company, aiming to create a different standard for products that haven't been changed for years. All of its products have 1 USP and multiple features. They are radically "different".... Read more »

Posted on : Tuesday , 13th August 2019

Tanzania Government Has Announced New Incentives For The Pharmaceutical Investors

The government of Tanzania is coming up with a new incentive as it attempt to attract more investors into the pharmaceutical sector. Under the plan, it is raising the price preference to locally-manufactured medical supplies from the current 15 to 25 per cent. "If a locally-produced medicine is sold at Sh125 and the imported one at Sh100, the government will pick Tanzanian product to promote the local pharmaceutical.... Read more »

Posted on : Wednesday , 7th August 2019

Tanzania Upgrades Its Health Services In Order To Detect And Manage Ebola At Airports

Tanzania has enhanced its preparedness for identifying and managing imported cases of Ebola Virus Disease (EVD) through airports. Director of preventive services at the ministry of Health, Leonard Subi, said that they have gained nine walk-through thermal scanners. He informed that the machines will be installed at Songwe, Mwanza and Kilimanjaro airports as well as some border posts. Dr Subi further noted, "recently we.... Read more »

Posted on : Wednesday , 7th August 2019

Heritage Insurance Kenya Introduces First Telematics Motor Insurance in Kenya

Heritage Insurance Kenya has launched the country’s first telematics motor insurance, labeled Auto Correct motor insurance. According to the Insurance Company, the service makes use of telematics capabilities together with data and analytics to promote safety and improve customer engagement. The business is powered by telematics technology – a method of capturing and processing driving data. The device collects and transmits.... Read more »

Posted on : Wednesday , 7th August 2019

Kenya’s Growing Motorbike Taxi Industry Lifts Backward Economies

A booming motorbike transport industry in Kenya has lifted economies of various rural and urban centers, with the machines imported mainly from China changing the destiny of many. Across rural Kenya, economies of most of the regions now whirl around the motorbikes. It is a similar case in many urban areas where motorbikes have helped upgrade 24-hour economy and ease transportation of goods and people. Nahashon Kiarie is a motorbike taxi.... Read more »

Posted on : Wednesday , 7th August 2019

UNCTAD And TradeMark East Africa signed A US$3.1 Million Agreement Which Is Focused On Facilitating Trade In The Region

On 4th July, the two organizations signed a US$3.1 million agreement for the second phase of a project focused on accelerating trade in the region. The first phase of the project was executed between 2016 and 2018 with a budget of $3.4 million. The first phase of the project saw the construction of four national trade information portals in Kenya, Rwanda, Tanzania and Uganda, as well as a regional trade portal. Burundi’s trade.... Read more »

Posted on : Monday , 5th August 2019

Tanzania To Build A Cable Car Service On Mount Kilimanjaro

Tanzania is on a move to build a cable car service on Mount Kilimanjaro, Africa's tallest peak and a world heritage site. Kilimanjaro, the tallest mountain in Africa, keeps the town of Moshi, Tanzania, alive with trade and tourism. The mountain is a source of income for many people here, including porters like 37-year-old Sintia Mwita. A mother of three, Mwita says the job helps her a lot. Mwita says, "I am the one.... Read more »

Posted on : Monday , 5th August 2019

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