Market News Page No. 155| Africa Business News | Afrotrade

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Africa Look to Play A Greater Role in Renewable Energy Market

The newest edition of the ARF will this time provide a platform for discussions on a wide range of topics in global renewable energy development. Other major issues to be discussed will include climate resilience strategies, sustainable development and the goal of attaining the objectives of COP22. ARF this year will bring together government ministers, global investors, and heads of African utilities to discuss the development.... Read more »

Posted on : Tuesday , 17th October 2017

Emergency Health Services to be prioritized in Tanzania

The Permanent Secretary in Tanzania’s Ministry of Health, Community Development, Gender, Elderly and Children, Mpoki Ulisubisya has revealed that his administration is working towards reducing 40 percent of the loss of life that is caused by the lack of adequate emergency service support. The government will now prioritize the establishment of an emergency medicine department at all district hospitals across the.... Read more »

Posted on : Tuesday , 17th October 2017

Japanese to Fund Container Terminal at Mombasa Port

The Japanese Government is all set to finance The Kenya Port Authority’s (KPA) newest endeavor. The Japanese Government has allocated a US$ 339.2m loan to the terminal project, with construction work on phase 2 due to begin in January 2018. KPA Managing Director, Catherine Mturi-Wairi revealed that development tendering for the project is very close to fully commencing. Phase 1 is expected to be completed by September 2017.... Read more »

Posted on : Tuesday , 17th October 2017

New Regulating Body in the Works for Tanzania's Cereal Industry

A new regulatory authority for new cereals and other produce is in the works and is set to begin operations before the year is out. One of its main functions will be to set a cap price for a range of crops. Acting Director-General of the Cereals and Other Produce Board of Tanzania (CPB), Mr. John Maige broke the news in a recent interview with TBC FM. Mr. Maige described the new regulatory body as an important instrument.... Read more »

Posted on : Tuesday , 17th October 2017

Tanesco Project To Surpass Early Investor Expectations

The Tanzania Electricity Supply Company (Tanesco) have committed themselves to provide an abundant stream of power to any large-scale investors with an interest in the Ruvuma Region. Tanesco Ruvuma Regional Manager, Eng. Patrick Lwesya assured power supply in abundance to the Ruvuma region, once work on the Makambako-Songea transmission line is completed. He was quoted saying “People of Ruvuma will no longer experience.... Read more »

Posted on : Tuesday , 17th October 2017

US$ 13 Million Mihrab Building Now Open in Nairobi

US$ 13m development FCB Mihrab will soon be open to the general public. The building has been designed to portray Islamic values and is already available for occupation. The building will be on Lenana Road in Kilmani, Nairobi. The building will be a symbol of purity and goodness in accordance with Islamic culture. The building is situated in an up-scale rapidly developing locale. Mihrab Development Project Administrator,.... Read more »

Posted on : Monday , 16th October 2017

Huge Scope for Digital Financing in Africa

Financial sector players have revealed that co-operation between telecommunication companies and microfinance banks are yet to be achieved. This co-operation was planned with the hope of coming up with new products and services that would further boost funding for micro, small and medium enterprises (MSMEs). Micro-financiers will have a critical role to play in the development of MSMEs and in a broader sense also in the.... Read more »

Posted on : Monday , 16th October 2017

Paul Kagame Condemns Corruption and Its Foreign Roots

The President of Rwanda, Paul Kagame has rejected the idea that Africa is characterized by corruption, which is rife in its institutions today. He instead chose to highlight the role played by non-African entities and their involvements in corruption, smuggling and other illegal practices on the continent. At the UN General Assembly in New York, Kagame urged the rest of the world to see Africa as more of a partner than anything.... Read more »

Posted on : Monday , 16th October 2017

Helium Reserve in Tanzania Hailed As A Game-Changer

An enormous new helium reserve has been identified in Tanzania. Its size has been estimated to be twice that of what it was originally thought to be. Helium is an essential component of the gas mixture that is needed for deep technical diving. It is not a narcotic like nitrogen and is used by divers to control the volume of nitrogen in the mixture or even eradicate it completely leaving behind only a mix of oxygen and.... Read more »

Posted on : Friday , 13th October 2017

His Highness the Aga Khan Continues to Support Development in Tanzania

His Highness, The Aga Khan, Founder and Chairman of the Aga Khan Development Network (AKDN) has promised Tanzanian President John Magufuli that his network will work to further expand the Dar es Salaam, Aga Khan Hospital and also build a new University in Arusha. His Highness disclosed further details by informing that the number of beds in the Aga Khan Hospital will be increased to 172 from 72. “We will also.... Read more »

Posted on : Friday , 13th October 2017

Hilton to Develop 100 New Hotels in Africa

Hilton Hotels are in the process of rebranding Nairobi’s Amber Hotel, with an overarching plan of opening 100 new hotels in Kenya with a Sh5.2 billion ($50 million) investment. Hilton released a statement yesterday informing that the Gong Road Hotel is progressing well and is scheduled to open at the end of this year. This new project will be named DoubleTree by Hilton. Amber Hotels Owners will,.... Read more »

Posted on : Friday , 13th October 2017

Movenpick Advance Growth Agenda in East Africa

Movenpick Hotels and Resorts have begun with the construction of an upscale 160-key Hotel in Abidjan. The foundation was laid on October 7th with the hotel set to open in 2020. This new development will further the Swiss hospitality firm’s agenda in the Sub-Saharan region. This will be the company’s first property in Côte d’Ivoire with four other active projects upcoming in the region. The others.... Read more »

Posted on : Friday , 13th October 2017

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