Market News Page No. 135| Africa Business News

MINING IN RWANDA PROGRESSES WITH US INTERVENTION

The mining sector has emerged to be the highest foreign export earner of merchandise exports in Rwanda, since it commenced in the early 1930s. According to the statistic report of 2018 the export of Cassiterite amounted to $149 million, a huge potential of gold mining and export as well as wolfram and Colombo tanlite (Colton) has emerged recently. Rwanda has largely been underlained by the Kibaran Orogeny rock system. Consisting of basement.... Read more »

Posted on : Monday , 25th March 2019

Tullow initiates a probe for Kenya Oil Investors

Tullow, a British oil exploration company has commenced an exploration in Kenya for small scaled crude petroleum exports. The first shipment is expected in the next three months. Unnamed potential investors of the Turkana commodity has shown interest in the stocks.The initial market reactions have proven to be positive. About 600 barrels are being transported per day by road to Mombasa, with volumes expected to increses to.... Read more »

Posted on : Monday , 25th March 2019

East Africa's Power Output poised to reach 7,480MW by 2022

By 2022, the East African Community (EAC) will have a combined generation of 7,480 MW of electricity. This is set to be accomplished through a $ 2.5 billion funding from the African Development Bank (AfDB) for infrastructure projects in the region. According to multiple sources, the combined total installed power capacity in East Africa currently exceeds 5,000 megawatts. Statistics from the EAC partner states with the.... Read more »

Posted on : Wednesday , 3rd April 2019

RAPID GROWTH IN KENYAN INFRASTRUCTURE AND ECONOMY

Developers who are keen on Roads, housing and civil work projects 2018 was projected to be an exciting year, moving Kenya closer to vision 2030, the government identifies affordable housing among the key golden pillars for the next five years and food security manufacturing and universal health care are some others. Did you know that civil works as well as roads are paramount for each of the four pillars? The delivery of about 500,000 housing.... Read more »

Posted on : Saturday , 23rd March 2019

A DYNAMIC FUTURE FOR KENYA AUTOMOBILE INDUSTRY WITH NISSAN

As Nissan targets major towns across the country to boost its market in Kenya, Nissan is expanding its dealership footprint locally in sharing market space dominated by players like Toyota Kenya and Isuzu East Africa. Nissan Chairman Mr. Jim Dando, the company is exposed to more customers and when there is a bigger presence in the market it will help grow the market share as well. With full sales, spares and service dealership in Nairobi,.... Read more »

Posted on : Friday , 22nd March 2019

President Kenyatta To Boost Efforts To Place Kenya Among Top Automakers In Africa

Kenya is all set to become a topmost vehicle manufacturing giant, if the high potential undertaken by President Uhuru Kenyatta’s administration to energies the automotive industry results into action. Global car maker Nissan has announced investment plans of Sh2 billion in a local assembly line, a move that will make Kenya only the 21st country where the company manufactures its vehicles. Along with global vehicle makers who have.... Read more »

Posted on : Friday , 22nd March 2019

U.S AMBITIOUS TO STRENGTHEN THE FOOTHOLD FOR TRADE AND INVESTMENT IN AFRICA

The FDI promotion and Technology Transfer Affairs Directorate General of the MoFA took part in the U.S.-Africa Trade and Investment Forum organised by the Corporate Council on Africa (CCA) and the U.S. Mission to the African Union in Addis Ababa On February 12, 2019. In order to examine ways to advance private sector-led economic growth in Africa, the event brought together the African and U.S. private sector, African heads of state,.... Read more »

Posted on : Friday , 22nd March 2019

The Ministry of Foreign Affairs of the FDRE is committed to promote sustainable investments in Addis Ababa

The Ministry of Foreign Affairs of the FDRE is committed to promote sustainable investments that contribute to inclusive economic growth, with job creation, knowledge transfer and capacity building. It works in coordination with F.D.R.E. missions and foreign representations in Addis Ababa. This biweekly bulletin is prepared in view of informing the public and the diplomatic community on investment, trade, technology transfer and tourism.... Read more »

Posted on : Friday , 22nd March 2019

A memorandum of understanding is signed for Manufacturing of Medical Equipments Locally in Ethiopia

The MoU was signed between the ministries of Innovation & Technology, Health, and Trade & Industry and also Investment Commission. It is a memorandum of understanding (MoU) that will enable government institutions to work in collaboration to understand the need of manufacturing of medical equipments locally. It is said to help to mobilize efforts in encouraging innovation among the youth and promote entrepreneurs and.... Read more »

Posted on : Thursday , 21st March 2019

Tanzania is all set to construct a National Infectious Diseases Hospital

The government of Tanzania is set to come up with a National Infectious Diseases Hospital that will be the only centre which will deal with chronic Tuberculosis B and HIV. The National Tuberculosis (TB) Hospital facility will have a new three storey laboratory. The hospital will be able to provide information to hospitals all over the country on how to deal with these diseases. It will also provide training and services with.... Read more »

Posted on : Thursday , 21st March 2019

2nd Ethiopia International Trade Exhibition

The 2nd Ethiopia International Trade Exhibition is all set to return to Addis Ababa this month at the well renowned Millennium Hall at Addis Park. Being the largest international trade exhibition on Multi-Sector Products, Equipment and Machinery in East Africa, the 2ndEITE Africa, is recognized as the biggest industry event in the region thus laying a massive platform for the local industry leaders to connect with each other. The event will be.... Read more »

Posted on : Friday , 8th March 2019

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