Market News Page No. 136| Africa Business News

Triple oil production strategies in South Sudan

South Sudan's ambassador to Ethiopia and the African Union, James Morgan, voiced that with his country enjoying relative peace after almost five years of civil war, South Sudan has turned its sights on reviving its oil sector. Despite the ongoing efforts to increase non-oil revenues, South Sudan depends on oil production to finance more than 90 percent of its fiscal expenditure. Morgan informed Xinhua that with the.... Read more »

Posted on : Tuesday , 2nd April 2019

Housing Construction Boom to Drive Kenyan Wood Coatings Market

As Kenya revives the stalled plans for the construction of two million additional housing units there is growing optimism in the future across the country's urban areas with the first 500,000 housing units expected by 2022. In addition to the increasing expansion the units are a part for the country's education sector to accommodate the increasing student population, this could trigger long-term demand for quality wood coatings in Kenya in the.... Read more »

Posted on : Monday , 22nd April 2019

East Africa print market demonstrates strong potential

There has always been a growing demand for production and office printer equipment sales and service. This along with various other factors specific to the region, demonstrate the need for reliable information to drive vendor, distributor and reseller strategies in the region. Basically as pointed earlier in couple of reports, the key players need quality information that helps them find the right partners, support the right equipment,.... Read more »

Posted on : Monday , 1st April 2019

Digital label printing holds promising opportunities for East Africa

Digital label printing is used in packaging for almost all sectors like cosmetics, food & beverages, pharmaceuticals, FMCG, etc. The digital label printing market is expected to have a significant growth rate, categorically in East Africa, as global packaging and labeling industry growing at a rapid CAGR. In Africa, growth of global digital label printing market is driven by the rising concern among the consumers about the legitimacy.... Read more »

Posted on : Monday , 1st April 2019

Tanzania's oil shortage becomes good news for importers

Tanzania is becoming a promising market for edible oil players as its seeking investors in the edible oil sector to tame its huge import bill, which stands at $294 million. The nation is facing a large deficit in production of edible oil, paving the path for imports to meet growing demand. The government has is finding measures to reduce duties on imports, including from East African Community member states, resulting in more and more.... Read more »

Posted on : Monday , 1st April 2019

Coffee Farmers to Benefit From Sh3 Billion Fund

The small-scale coffee farmers can expect a wave of positivity are set to benefit from a Sh3 billion revolving fund, as a leading world lobby is going to fight for higher prices. President Uhuru Kenyatta recently said the government has set aside the money to help in harvesting and loss reduction at farm level. Opening the 124th session of the International Coffee Organization (ICO) Council in Nairobi, President said the allocation is part of.... Read more »

Posted on : Monday , 1st April 2019

ACACIA CHANGING THE FOCUS OF MINING IN KENYA

Proven deposits’ of titanium, gold and coal are found in Kenya, though mining is relatively a small contributor to the nation’s output. However, revenues seem to grow as new mines begin their production. The new refiner shall provide services to help many vulnerable artisanal as well as small-scale miners and other local producers meet international standards are mentioned in the statement. Even though Kenya is a small gold producer.... Read more »

Posted on : Monday , 1st April 2019

FLAT GLASS INDUSTRY CAPTURES THE KENYA MARKET

Rapid growth in middle-class population is increasing the demand for infrastructure up gradation, energy and power in Kenya Ethiopia and Tanzania is creating growth of opportunities for East-Africa flat glass market share in glass railings, floorings, aquariums and security glazing for its shatterproof property, glare reduction, improved privacy and clarity. Uganda flat glass market demand from automotive applications can expect growth at over.... Read more »

Posted on : Wednesday , 10th April 2019

Kenya and Uganda agreed to open more border points linking the two East African countries

President Uhuru Kenyatta and his Ugandan counterpart Yoweri Museveni have agreed to expand border points to improve trade. President Kenyatta and Museveni said, "opening more border points will improve trade ties between Kenyan and Uganda and help to open more border points connecting the two East African countries." "The free movement of people and goods along the border points will also decrease incidences of smuggling.... Read more »

Posted on : Monday , 1st April 2019

Kenya and Rwanda Senates Sign an agreement to enhance bilateral relations between the people of both countries

Senate Speaker Kenneth Lusaka and his host, Rwandan Senate Speaker Bernard Makuza agreed that their countries enjoy strong relationship and so a cooperation agreement between the two legislatures will go a long way in bonding these ties. Senate Speaker Kenneth Lusaka has completed his four-day visit of Rwanda which perceived the signing of Memorandum of Understanding that will see the Senates of the two States help strenghthen bilateral.... Read more »

Posted on : Monday , 1st April 2019

TIMBER PRODUCTION RAMPS UP IN RWANDA

By the year 2020 Rwanda has targets of achieving 30% of the total surface area as forest cover. Before the year 2020 at least 714,102 hectares are expected to be forest reserves is what this means along with more than 107 small size forests across the country. In 2018 the government estimated that forest cover was around 29% from 25.9% in the year 2010. Creation of synergies among stakeholders in the sector is what the officials say in.... Read more »

Posted on : Monday , 22nd April 2019

An LED lighting revolution is underway in Rwanda

The rapidly growing urbanization in Rwanda is characterized by increasing street lighting all across different cities and its roads, this puts pressure on the city authorities because it consumes large amount of energy.Three firm synergy has come together in order to reduce energy consumption because of street lighting by introducing an intelligent system that is aiming at reducing energy consumption. The three firms.... Read more »

Posted on : Wednesday , 10th April 2019