Market News Page No. 133| Africa Business News

EAC works to Excel in Low Cost Car Assembly & manufacturing Plants in East Africa

The East African Community is paving way for more local assembly points and manufacturing plants of affordable vehicles in the region. This comes day after an Extra Ordinary Sectoral Council on Trade, Industry, Finance and Investment met last week to have conversations on industrialization matters in the community which has become a major agenda for the EAC Heads of State Summit. Among the items on the agenda were the consideration of the:.... Read more »

Posted on : Friday , 28th September 2018

China Promotes Tanzania's Cassava Production

The ongoing China-ASEAN Expo 2018 has promoted investment and trade opportunities in Tanzania, yielding positive results with some Chinese investors expressing interest in processing cassava starch. The good news comes amid the 1 billion US dollars (about 1.22trl/-) agreement between the governments of Tanzania and China in commercialization of the tubers, which are on high demand in Asian countries, particularly China. Speaking on the.... Read more »

Posted on : Thursday , 27th September 2018

Hyundai introducing a new line up at Autoexpo Africa for Tanzania

Tanzania offers many opportunities and the 21st Autoexpo Africa scheduled for November 2018 in Dar es Salaam is one of the mainstream avenues for marketing a global brand like Hyundai to the East African region. The company is preparing to introduce new products and is working on expanding its portfolio of vehicles to cater to the next generation car owner. Hyundai believes that people’s expectation toward individual mobility requires more.... Read more »

Posted on : Saturday , 22nd September 2018

Hyundai East Africa Ltd. building a better future for Tanzania with Buildexpo Africa

In November 2018, Hyundai East Africa Ltd., is participating at Buildexpo Africa – Tanzania to promote the state of the art Excavator R220LC-9S. As a Prime Platinum Exhibitor at the International Exhibition the company looks to attract top industry professionals from all over the continent, including Builders, Developers, Importers, Architects, Consultants, Engineers, Manufacturers and Investors who may be key decision makers for their.... Read more »

Posted on : Friday , 21st September 2018

Tallest high rise in Africa to be developed in Malindi Kenya

Watamu shoreline, in Malindi Kenya is set to have the tallest high rise in Africa eclipsing the Pinnacle Tower in Nairobi's Upperhill region that stands at 70 stories and 300 meters in stature and as at now is the tallest high rise in the landmass. The Palm Exotica upon fruition will tower a tallness of 370 meters, and will be a 61-story building. It was outlined by Italian engineer Lorenzo Pagnini and is said to be a blended utilized.... Read more »

Posted on : Friday , 21st September 2018

Tanzania secures US $1.46bn loan for Standard Gauge Railway (SGR).

Tanzania has anchored a US $1.46bn concessional credit from the Standard Chartered Bank Group to subsidize its Morogoro-Dodoma standard check railroad (SGR). As per Dr. Philip Mpango, Finance Minister the new credit is a piece of an understanding came to with Standard Chartered Bank Group Executive Director Bill Winters in Dar es Salaam, which will go to finance the 430 km line among Morogoro and Makutupora. The legislature has so far.... Read more »

Posted on : Thursday , 20th September 2018

Indian packaging companies to pack African milk, liquor and F&B products

The African continent has recently emerged as a high growth region for the packaging industry, with demand being driven by increased markets for consumer products, burgeoning individual incomes, an expanding population of youthful consumers and growing domestic economies, particularly in East and West Africa. Indian packaging companies have lately begun to aim at this lucrative and expanding market in a big way. In recent past, the entire.... Read more »

Posted on : Tuesday , 18th September 2018

Qatar Airways to Start direct Flights to Mombasa

Qatar Airlines will launch direct flights to Mombasa, Kenya’s second biggest city. Expected to happen in December, the move will increase the competition for local carriers. After Nairobi, this is the second destination in Kenya to receive the service. The airlines will undertake a four times weekly flight from Doha to Mombasa. Airbus A320 will be used for this operation, with 12 business class seats and 120 economy class seats..... Read more »

Posted on : Wednesday , 12th September 2018

Tanzania See's Beneficial Health Policy Launched by Jubilee and Aga Khan

Tanzania’s Jubilee Insurance Company and the Aga Khan Health Services have joined hands to successfully launch an insurance product to assist with medical and health needs. ‘JilindeAfya’ as it is called, will offer a comprehensive preventative and curative healthcare solution. The newly initiated project will cover both in-patients and out patients. The product aims to give all individuals in Tanzania an easy access to.... Read more »

Posted on : Wednesday , 12th September 2018

KITE Africa 2018 | Africa's Mega Int'l Trade Show Breaks Records in The Kenyan Capital

The culmination of the 21st KITE Africa headlined success with exhibits patronizing the rising consumer industry at the 3 day event in Nairobi. The expo gathered accolades for its innovative displays, business interactions and trade opportunities. Held at the prestigious Kenyatta International Convention Centre, the exhibition was inaugurated by the Principal Secretary for trade from Kenya’s Ministry of Industry, Trade and Cooperatives,.... Read more »

Posted on : Friday , 7th September 2018

Construction elevates in Tanzania

DAR ES SALAAM -- According to the Minister for Finance and Planning, Philip Mpango, emphasis in 2018 and further will be focused on construction and rehabilitation of infrastructure including airports, railways, roads, bridges and ports. He said approx. 5.3 billion U.S. dollars for the upcoming 2018 fiscal year, have been allocated for implementation of the outlined development plan and projects. The Government of Tanzania today outlined.... Read more »

Posted on : Friday , 7th September 2018

China, Africa work to play concerto for shared future

BEIJING - When the 2018 Forum on China-Africa Cooperation (FOCAC) Summit opens in Beijing on Monday with the theme "China and Africa: Toward an even stronger community with a shared future through win-win cooperation," it will be a new starting point for the two sides to upgrade their cooperation. China and Africa have been cooperating in multiple ways. The ties were enhanced when the Belt and Road Initiative (BRI), which envisions.... Read more »

Posted on : Wednesday , 5th September 2018