Market News Page No. 151| Africa Business News

East Africa- 15 New Reforms To Ease Doing Business In Rwanda

The government plans to introduce 15 new reforms across various sectors, as a means to ease doing business in the country. The initiative follows recent World Bank Doing Business Report that ranked Rwanda 41st globally and second in Africa out of the 190 economies globally. The reforms will address key concerns of investors across the World Bank Doing Business report’s indicators. For example, under access.... Read more »

Posted on : Friday , 1st December 2017

Ethiopia Largest FDI Recipient in Africa

Federal Democratic Republic of Ethiopia President Dr. Mulatu Teshome said Ethiopia has transformed into the biggest recipient of Foreign Direct Investment (FDI) in Africa. The seventh International Conference on Pulses, Oilseeds and Spices was under way with the subject 'Africa the future pulses and oil seeds supply'. Speaking on the event, President Mulatu said that the most recent United Nation Conference on Trade and.... Read more »

Posted on : Wednesday , 18th April 2018

KENYA- PROJECTS TO IMPROVE OIL SUPPLY LOGISTICS

To enhance the availability of fuel at home and in the neighboring countries the Kenya Pipeline Company (KPC) is undertaking a number of petroleum infrastructure projects. They include the enhancement of storage capacity, the replacement of pipelines, and investment in loading facilities. With efficient infrastructure, Kenya is assured of a adequate, reliable, and cost-effective supply of petroleum products across.... Read more »

Posted on : Thursday , 30th November 2017

Mega port project in Tanzania gets a landmark go-ahead

Government of Tanzania has approved a major project to develop a port and an adjoining industrial zone in Tanzania by the Oman Sultanate’s State General Reserve Fund (SGRF), along with its partner China Merchants Ports (CMPorts). The proposal includes dredging of the navigational channel, construction of a port and logistics park, and the development of the portside industrial free zone. The whole project is encompassed under the.... Read more »

Posted on : Wednesday , 29th November 2017

Youth in Agribusiness the Focus of EU-Africa Business Forum

The sixth EU-Africa Business Forum took place in Abidjan, Côte d'Ivoire on Monday. "Investing in Job Creation for Youth", was the focal topic at the occasion this year. African Development Bank Group President Akinwumi Adesina took part at the event and spoke extensively at a high level forum at the occasion. He called for a new thinking while dealing with the youth of the African.... Read more »

Posted on : Wednesday , 29th November 2017

Tallest building in Africa - Construction work begins

Work has commenced on the construction of Africa’s tallest building in Kenya. His Excellency; the President of Kenya laid the foundation stone to this landmark project recently. The twin tower development dubbed Pinnacle Towers will have 70-floors with mixed-use purpose, and will be located in Nairobi’s Upperhill area. With cost of US$ 194m for it to be complete, the building will have the highest viewing deck in.... Read more »

Posted on : Wednesday , 29th November 2017

Private Sector Owned Medical Facilities to Attract More Medical Tourism

Private sector owned medical facilities are depending on new advanced medical technologies and the offer of specific client focused services to draw in customers from neighboring countries with the hope of boosting medical tourism. A large portion of these medical facilities are based out of Nairobi. However another private facility has been opened in Mombasa which will cater to local as well as foreign clientele looking for.... Read more »

Posted on : Wednesday , 18th April 2018

Siemens in Africa have invested R5.5m in industrial automation

Siemens announced that they invested R5.5 million in industrial automation equipment for higher learning institutions in South Africa, Nigeria, Tanzania, Ghana and Kenya. CEO of Siemens Southern and Eastern Africa, Sabine Dall'Omo said in a statement that the company's latest investment intends to aid the development of locally engineered solutions. "In an African context, disruptive technology can be seen as an opportunity to leapfrog.... Read more »

Posted on : Monday , 27th November 2017

Kenya- Nairobi County to Build Centralized Oil Tankers Parking

The Nairobi County government is committed to constructing a centralized tanker parking and marshaling yard in the city, aimed at ensuring safety in handling of petroleum products. This is under the Legal Notice No.9 of 2011, which gazettes the aforementioned area as a Protected Area. The county government will bring the Kenya Railway on board, to cede ground for land in the vicinity of the construction of the project.... Read more »

Posted on : Friday , 24th November 2017

Tanzania Reach Gas Deal With Dangote

Dangote cement and Tanzania have come to an agreement on the supply of natural gas to the firm’s manufacturing plant in Tanzania after negotiations stalled over prices. The 500 million dollars cement factory which is located in Mtwara was set up last year with an annual capacity of three million tonnes, runs on expensive diesel-generators and has sought government-support to reduce costs. The plant was shut down.... Read more »

Posted on : Thursday , 23rd November 2017

Kenya- Cheaper Night Power Tariff To Be Introduced In December

Next month Kenya will cut tariffs for power by up to a third for manufacturers and large businesses that shift their operations to late night hours. The Energy Regulatory Commission (ERC) said on December 1 discounted tariffs will be offered for industrial and commercial power users who operate from 11 pm to 5 am, a window within which demand is low. The energy charge billed by Kenya Power for commercial consumers metered.... Read more »

Posted on : Thursday , 23rd November 2017

Solar Startups Bring Light To Remote Kenyan Villages

Some 1.3 billion people around the globe don’t have access to an electric grid. But solar startup companies say harnessing an abundant resource -- the sun -- can light up some of the world’s most remote areas. In this Kenyan village, rooftop panels are becoming a cheap and promising source of light. A young fellow from a small village in Kenya, Mulili used to pay about a $1.50 a day for kerosene, a fuel still.... Read more »

Posted on : Thursday , 23rd November 2017