Market News Page No. 134| Africa Business News

UAE firm invests USD 2 Billion on construction in Ethiopia

Eagle Hills a UAE based construction firm, has confirmed a project estimated at $2 billion towards an integrated community development in Addis Ababa. The project which includes malls, 4,000 apartment houses, three star hotels and recreation centers will see the Ethiopian government hold a 27 percent share, according to Prime Minister Abiy Ahmed, who launched the project recently at an event. Estimated to take up to seven years to.... Read more »

Posted on : Thursday , 7th March 2019

Electrified Africa, burgeoning market

As power rolls out across continent, ranks of appliance consumers swell rapidly. With a population of more than a billion and increasing access to power, sub-Saharan Africa could present a massive market for electrical products and services – sectors that are among Hong Kong’s fortes. In its 2017 World Economic Outlook, the International Energy Agency (IEA) said energy for all in the region is achievable by 2030, provided 95%.... Read more »

Posted on : Wednesday , 3rd April 2019

EAST AFRICA THE FINEST INVESTMENT DESTINATION IN 2019

Rand Merchant Bank (RMB) report has predicted that Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019. East Africa being a fulfilling region in last few years has recorded more than an average growth in the number of Foreign Direct Investment (FDI). Ethiopia being Africa’s fastest-growing economy, has tremendously emerged to promote its provisional advantage,.... Read more »

Posted on : Thursday , 7th March 2019

French oil firm Total along with Canadian Natural Resources Ltd announced discovery of a sizable amount of gas offshore South Africa

Gas discovery in the offshore Outeniqua Basin of South Africa has opened new hope of the consolidation of new mineral wealth in the country dependent on gold and diamond minerals. French major Total and its partners, Qatar Petroleum, Canadian Natural Resources, and Main Street, have declared discovery of a sizable amount of gas offshore South Africa. Total declared a significant gas condensate discovery on the Brulpadda prospects, located.... Read more »

Posted on : Thursday , 7th March 2019

Strong Trade Ties Between Egypt-Africa

Egypt has strong economic and commercial ties with Nile Basin countries, including Rwanda, the Democratic Republic of Congo, Uganda, Tanzania, Ethiopia and Burundi, making bilateral trade far surpass raw materials and simple commodities. According to the State Information Service (SIS) website, Egypt has invested $15 million in Rwanda in construction and mining. Egypt exports aromatic mixtures, juices, juice makers and botanical.... Read more »

Posted on : Friday , 1st March 2019

KenGen - East Africa's Best Sustainable Power Producer

Kenya Electricity Generating Company PLC ( KenGen) has apeared East Africa’s leading Sustainable Power Producer in the 2018 Capital Finance International Awards (CFI.co Awards). KenGen, Kenya’s largest power producer accounting for 69% of the country’s power, was given the award for its continued, and deliberate focus on renewable energy – which accounts for 84% of the company’s power sources. KenGen was also.... Read more »

Posted on : Thursday , 28th February 2019

Global Investors To Invest In Tanzania Towards Achieving Industrial Drive

Investors from across the world have been motivated to take advantage of the wide trade and investment opportunities in the country as it is executing its inspiring industrialisation agenda. "We need prospective investors from across the globe to invest in the country towards its industrialisation goal by 2025", said Octavian Mshiu, Vice-President of the Tanzania Chamber of Commerce, Industry and Agriculture.... Read more »

Posted on : Thursday , 28th February 2019

Ethiopia and Djibouti signs deal to build 765km pipeline

The government of Ethiopia and Djibouti has signed a deal to build a 765km pipeline to transport gas from the landlocked state to Djibouti, partly bordered by the red sea. The agreement which was signed between Minister of Ethiopia’s Mines and Petroleum Samuel Urkato and Djibouti’s Energy and Natural Resources Yonis Guldi, states that 700km pipeline will be installed in Ethiopian Territory while the remaining 65km will be within.... Read more »

Posted on : Friday , 22nd February 2019

Ethiopia and Djibouti signs deal to build 765km pipeline

The government of Ethiopia and Djibouti has signed a deal to build a 765km pipeline to transport gas from the landlocked state to Djibouti, partly bordered by the red sea. The agreement which was signed between Minister of Ethiopia’s Mines and Petroleum Samuel Urkato and Djibouti’s Energy and Natural Resources Yonis Guldi, states that 700km pipeline will be installed in Ethiopian Territory while the remaining 65km will be within.... Read more »

Posted on : Friday , 22nd February 2019

Ethiopia and Djibouti signs deal to build 765km pipeline

The government of Ethiopia and Djibouti has signed a deal to build a 765km pipeline to transport gas from the landlocked state to Djibouti, partly bordered by the red sea. The agreement which was signed between Minister of Ethiopia’s Mines and Petroleum Samuel Urkato and Djibouti’s Energy and Natural Resources Yonis Guldi, states that 700km pipeline will be installed in Ethiopian Territory while the remaining 65km will be within.... Read more »

Posted on : Friday , 22nd February 2019

The United Kingdom signed a new Trade deal with East & South Africa

A new trade deal is signed between the United Kingdom and countries from East and South Africa for a preparation under which it will continue to trade with the region upon its pull out from the European Union on March 29. The UK-Eastern and Southern Africa (ESA) Trade progression Agreement is meant to reproduce the Economic Partnership Agreement that the East African Community is still about to sign with the European Union, cause of.... Read more »

Posted on : Friday , 22nd February 2019

France and Kenya to sign MOUs for Development

There has been remarkable investments in Uganda, Tanzania but Kenya has seen the considerable share of investments. French President Emanuel Macron is likely to visit Kenya in March for official contract with his Kenyan counterpart Uhuru Kenyatta and is among other things likely to conduct talks on how Nairobi can begin an urban rail system. A visit that will see the two countries sign bilateral agreements, as the governments.... Read more »

Posted on : Thursday , 21st February 2019