Market News Page No. 137| Africa Business News

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

Chinese Company Signs a Deal of over 40 mln USD Accord with Ethiopia's Grand Hydro-Dam Project

Chinese construction and engineering company, China Gezhouba Group Co. Ltd. (CGGC), has inked a contract agreement with the Ethiopian government to be a part of Grand Ethiopian Renaissance Dam (GERD). The contract agreement involves 40.1 million U.S. dollars, also the CGGC will take part in pre-power generation activities of Ethiopia's grand hydro-electric dam, which will claimed as Africa's largest hydro dam upon completion with a.... Read more »

Posted on : Wednesday , 20th February 2019

President Macron Kenyatta to Discuss Nairobi CBD, JKIA Rapid Transit Train Service

The expected rapid transit train service between Nairobi CBD and the Jomo Kenyatta International Airport is among projects proposed to feature conspicuously when President Kenyatta hosts French President Emmanuel Macron in Nairobi mid next month. French Ambassador Aline Kuster- Manager confirmed that the French President will visit the country when she paid a courtesy call on President Uhuru Kenyatta at State House,.... Read more »

Posted on : Wednesday , 20th February 2019