Market News Page No. 137| Africa Business News

Bangladeshi steel maker to open Sh6.5bn factory

Big ticket infrastructural projects including the multi-billion Standard Gauge Railway (SGR) have driven up demand for steel products in the country. One of the largest steel makers in Bangladesh is set to open a Sh6.5 billion ($65 million) factory in Kenya. Bangladesh Steel Re-Rolling Mills Ltd (BSRM) announced the local venture to be known as BMS Steel Limited. It is backed by a consortium of unnamed Kenyan, Mauritian and UAE.... Read more »

Posted on : Wednesday , 26th December 2018

Ethiopia to host Medexpo in Addis Ababa

Medexpo Ethiopia 2019 will be held in the Ethiopian capital city of Addis Ababa from 21st to 23rd March 2019. The event caters to the huge opportunity in the healthcare products, equipment and pharmaceutical industry. The exhibition will focus on providing a platform to introduce and showcase healthcare, pharmaceutical and wellness solutions in the medical sector. In the medical and healthcare sector, pharmaceutical imports of Ethiopia.... Read more »

Posted on : Friday , 21st December 2018

Ethiopia to host Foodagro Africa Exhibition in Addis Ababa

Foodagro Ethiopia 2019 will be held from 21st – 23rd March 2019 in the Ethiopian capital city of Addis Ababa . The event will target the Ethiopian Food Processing and Agricultural industry and taps into the huge investment potential of this growing sector. The focus will be fortified foods, packaged foods, agricultural machinery, processing and commodities. Ethiopia’s population, currently a little over 100 million presents.... Read more »

Posted on : Friday , 21st December 2018

$3m deal signed to support farmers in Tanzania

A $3m deal was signed between the Norwegian government and the UN World Food Programme (WFP) which aimed at supporting the Farm to Market Alliance (FtMA) with an objective that aimed at providing smallholder farmers to access farm inputs and markets for their produce. The signing ceremony was held at Yara Fertiliser Terminal in Dar es Salaam where the Norwegian Minister for International Development Nikolai Astrup signed the agreement on.... Read more »

Posted on : Friday , 21st December 2018

The government announced a plan to make Kenya food secure

At the Future of Food conference in Nairobi, Agriculture CAS Andrew Tuimur while giving speech recommended the private sector to partner with the government in implementing the food security plan in addition to focus on equipment suppliers, farmer associations, agro-dealers, warehouses and processors. The plan has been launched by the government to make Kenya food secure with the hope to have an equal sized poverty levels by 2025. The.... Read more »

Posted on : Friday , 21st December 2018

Affordable "Chronicle diseases" treatment to Ethiopia- Norvartis

A new program in Ethiopia called "Novartis Access" has been started by Novartis in order to tackle non communicable diseases also known as chronicle diseases such as breast cancer, hyperbatons, asthma and diabetes. The reason for selecting these diseases are because more and more people are dying from such non- communicable diseases. Novartis Access program involves products from Novartis Pharmaceuticals. Dr..... Read more »

Posted on : Friday , 21st December 2018

Sawmill East Africa operations in Rwanda begin in full swing

Sawmil East Africa Ltd. had signed an agreement with the government four months back and have now begun operations in Rwanda. The firm produces high-quality wood for carpenters and construction companies. Sawmill East Africa signed an agreement with the Government to manage four state forests in a deal aimed at adding value to the forestry sector, help reduce the country's import bill on timber and promote exports. The firm has gained rights to.... Read more »

Posted on : Friday , 25th January 2019

Medical Stores Department in partnership with Aga Khan Health Services

MSD, the Medical Stores Department have collaborated with Aga Khan Health Services (AKHS) by signing an Memorandum of Understanding (MoU) which aims at strengthening the pharmaceutical supply systems. The Director General of MSD, Mr. Lauren Bwanakunu said, "the MoU would bring the positive change in strengthening the medical supply chain in the country's health facilities." Mr. Lauren says that, according to him Aga.... Read more »

Posted on : Friday , 21st December 2018

Tanzania and Africa HVAC & R market

Africa is one of the biggest emerging market for the HVAC and R industry around the world. Rising investments to develop infrastructure and growing disposable income of people in some countries of the region are some of the key factors driving the growth of air conditioners market in the region. According to the United Nation’s report, the global air conditioner stock is estimated to increase from 660 million units in 2015 to more than 1.5.... Read more »

Posted on : Thursday , 13th December 2018

Ethiopia awards 13 billion Br Road Projects to companies

The Ethiopian Roads Authority (ERA) awarded eight road projects out of the total nine to different companies late last week, the ninth one being won by a Chinese firm who made the highest offer to construct a 68.8Km alternative road for Limalimo. Founded in 1993 in Beijing, Beijing Urban Construction Group Co. Ltd offered 31 million Br a kilometre to construct the road that extends from Debarqe to Zariema, in Amhara Regional State. The company.... Read more »

Posted on : Wednesday , 12th December 2018

USD 1.2 billion mega housing project announced by Ethiopia for Addis Ababa

Keeping the importance of secure low cost housing in mind, plans have been announced by Ethiopia’s Federal Housing Corporation (FHC) to build 16,173 homes in the capital city of Addis Ababa at an estimated cost of around $1.2bn. The housing will be allocated for rental houses to employees of businesses and the state officials in a 50-50 division. In the conference held by the corporation for the various stakeholders the deputy head.... Read more »

Posted on : Wednesday , 12th December 2018

Simret, a high-grade silver discovered in East Africa

Altus Strategies a UK-based mining company, announced the revelation of what the company calls “the Simret silver prospect” at its 100%-owned Daro project, located in the Tigray Regional State in East Africa. In a media statement, the project generator MNC said that Simret showed silver grades that include 944 g/t Ag and 540 g/t Ag, which were taken from rock chip sampling of quartz veins. Lead and gold were also present with grades.... Read more »

Posted on : Tuesday , 11th December 2018