Market News Page No. 154| Africa Business News

Macro investments to boost trade in East Africa

Recent economic research and forecasts have found that investments in East African infrastructure construction are set to expand rapidly. Total infrastructure construction output in the region’s largest markets of Rwanda, Ethiopia, Kenya, and Tanzania, is expected to grow from USD 25.9 billion in 2017, to USD 98.8 billion in 2022. At present there are about 287 large scale public and private sector infrastructure projects in East Africa..... Read more »

Posted on : Thursday , 25th October 2018

Affordable Mobile Healthcare Solution Introduced In Tanzania

Tanzanian businesswoman Lilian Makoi has introduced an affordable mobile healthcare solution christened Jamii Africa in Tanzania. Although she has co-founded a number of startups, Jamii Africa happens to be her biggest and most positive business venture. According to Lilian Makoi, she started Jamii Africa after losing someone in her family from a treatable medical emergency. The main reason for the loss, she said was their inability to.... Read more »

Posted on : Tuesday , 16th October 2018

Tanzania- 150 MW Solar Tender Launched

Tanesco has issued a request for approval for the construction of several large-scale PV projects with a combined capacity of 150 MW. Through this tender, Tanesco aims to procure power generation from plants in the regions of Dodoma, Shinyanga, Singida, Mwanza, Simiyu and Iringa over the next two years. The projects will be between 20 MW and 50 MW in size, and developers will have to undertake feasibility studies and finance,.... Read more »

Posted on : Monday , 15th October 2018

Tanzania Uganda mega project to drives growth

The construction of the 1,403-kilometre pipeline to transport crude oil from Hoima in Uganda to Tanga Port in Tanzania is expected to be completed by June 2020. Tanzania’s President John Pombe Magufuli wants investors, the governments of Uganda and Tanzania to expedite the construction of the East African Crude Oil Pipeline (EACOP). The President said that the pipeline should be constructed in the shortest time possible instead of.... Read more »

Posted on : Friday , 12th October 2018

Solar project launched to benefit 600 million Africans

The leading provider of consumer goods in Africa, Unilever Kenya and Azuri Technologies, a leading provider of pay-as-you-go solar home systems, announced a partnership to bring solar home solutions to millions of more off-grid homes across Kenya. Unilever’s distribution network, which in Kenya is some 67,000 smallholder traders will be offering the Azuri’s Quad solar home system which will be cobranded with the Unilever Sunlight.... Read more »

Posted on : Friday , 12th October 2018

IRRI opens regional office in Kenya to support Africa's rice productivity

The International Rice Research Institute (IRRI) has opened a new regional office in the Kenyan capital Nairobi to help Africa achieve self-sufficiency and productivity in rice production. The new regional hub hosted by CGIAR center, the International Livestock Research Institute (ILRI) will work in collaboration with AfricaRice to offer training and research services on rice production in Africa. IRRI will provide high-yielding.... Read more »

Posted on : Thursday , 11th October 2018

Agriculture To Bridge Trade Imbalance Between Tanzania, Sweden

Tanzania and Sweden are seeking to put in check the existing trade imbalance between the two countries. The two parties met to discuss the issue as well as look for ways to open new markets for their agricultural produce. Both parties have identified the potential in the sector and deem it ideal for business and more export opportunities to foster their economies. Mr. Boniface Michael, the Acting Director of Trade Promotion at the.... Read more »

Posted on : Wednesday , 10th October 2018

Volkswagen Contemplating Entering Ethiopia

Volkswagen is considering a component assembly plant in Ethiopia, in addition to the two recently announced assembly plants in Ghana and Nigeria. The foray into Africa represents a growth opportunity for the car maker in light of the expected recovery of the continent’s economies recently hit by the downturn in commodities. According to the Export-Import Bank’s Africa Trade Report 2018, African economies will grow by 4.1 per cent.... Read more »

Posted on : Wednesday , 10th October 2018

Rapid industrialization drives new lighting technology requirement in Rwanda

Rwanda, an East-African country of 12 million inhabitants, is recognized around the world for its natural beauty and wildlife, its booming industry, and its accompanying rapid transition from a low-income to a middle-income economy. Numerous construction projects and modernization initiatives in urban and rural areas are driving the need for better lighting products and technologies which are efficient and long lasting. With rapid.... Read more »

Posted on : Tuesday , 9th October 2018

Rwanda wood processing sector sees revival amid 8% GDP growth

Rwanda is seeking more companies to invest in the timber production and other related industries to boost forestry and timber business locally, official sources in the Ministry of Land and Forestry have indicated. With export growth of 17.9 percent in the year to August 2018 and import growth of 7.4 percent, the trade balance has continued to improve, Laure Redifer, IMF Rwanda mission chief in Kigali said, adding that the robust growth in.... Read more »

Posted on : Tuesday , 9th October 2018

Rwanda invites mega investments to reach 100% access to sustainable electricity

Rwandan Minister of Infrastructure Claver Gatete said on the sidelines of a forum in Kigali, that Rwanda looks forward to increased investment in energy sources in order to achieve universal energy access by 2024. The Rwandan government on recently announced a US $53 million(41 billion Rwandan francs) line of credit which is aimed at stimulating the development and establishment of a solar home system by 2023.The Minister of State for.... Read more »

Posted on : Tuesday , 9th October 2018

Rwanda boosts investment for Power and Energy sector

The Minister of State for Energy, Water and Sanitation Germaine Kamayirese said at a recently concluded forum that that Rwandan Government has adopted digital technologies in the power distribution system as a part of steps taken to efficiently respond to the country’s power demands. Germaine Kamayirese said that the smart grid technology in the energy sector – an electricity supply network that uses digital communication technology.... Read more »

Posted on : Tuesday , 9th October 2018