Market News Page No. 157| Africa Business News

Natural Gas Plant Construction to Begin in 2022

The Energy Minister said that the Actual construction of a Liquefied Natural Gas (LNG) plant in Tanzania will start in 2022. Dr. Medard Kalemani told the Parliament "We met the investors and everything is progressing well right now what is happening now is that the multinational firms are competing among themselves regarding which one should lead the project execution. By 2022, actual construction will start," Dr..... Read more »

Posted on : Wednesday , 27th June 2018

Wrigley's Looks to Increase Market Share in Kenya with New Factory

Mars Incorporated is close to unveiling their new Sh7 billion factory in Athi River later this year as part of their expansion drive of Wrigley’s their chewing gum manufacturing subsidiary. The decision was announced after a meet between director Victoria Mars and President Uhuru Kenyatta in Nairobi. On completion, the Wrigley’s factory is expected to produce 7.8 billion pellets of chewing gum every year, a move that is.... Read more »

Posted on : Thursday , 26th July 2018

East Africa Rapidly Developing Medical Facilities

A high number of East Africans go to India to seek treatment for cancer, kidney and heart diseases. However, the treatment can be accessed locally within East Africa says Gibson Kibiki, the executive secretary of the East African Health Research Commission (EAHRC). The diseases are chronic and hence the treatment needs to be precise which, according to Africans, is not available in their own country. This is because people are not aware.... Read more »

Posted on : Monday , 25th June 2018

Sansheng Pharmaceuticals, China starts production in Ethiopia

Sansheng Pharmaceuticals Plc, a Chinese pharmaceutical company starts its new production unit in Addis Ababa, Capital of Ethiopia on Sunday, June 17, 2018. Ethiopia still has a big number of pharmaceutical products being imported from out of the country. The number is as big as 85 percent of the 500 million U.S dollar per annum local market. "Pharmaceutical Sector has not yet evolved into where we projected it to be.... Read more »

Posted on : Monday , 25th June 2018

A thousand Households to Get Natural Gas

Tanzania' s government said that it has 5 million USD set aside for providing natural gas to over 1,000 households for domestic use in the east African capital Dar es Salaam starting from next month. The Minister for Energy, Medard Kalemani, said the program under phase one will take two years beginning July and will connect natural gas to households in Mbagala, Kigamboni, and Mkuranga areas. Kalemani, speaking at the launch of.... Read more »

Posted on : Thursday , 21st June 2018

Creating a Pan-African Auto Industry

The chairman and managing director of Volkswagen Group South Africa (VWSA) , Thomas Schaefer says "I’m trying to create something pan-African". Having assembly started operations in Kenya in 2016 and now 2018 in Rwanda. It’s not just the engine, VWSA also produces the flourshing compact car, the Volkswagen Polo. The organization has recently invested $20m in Rwanda realizing the prospective. The annual capacity of.... Read more »

Posted on : Thursday , 21st June 2018

Mkapa challenges African energy experts to devise new strategies

FORMER President Benjamin Mkapa has challenged energy experts and institutions in Sub-Saharan Africa to work out strategies for expanding solar technology across the region in order to generate reliable and affordable power. Mr Mkapa said that the sub-region was gifted with abundant sunlight which, if well utilised, could accelerate power generation, boost the industrial economy and increase youth employment. Mr Mkapa was speaking in Dar.... Read more »

Posted on : Thursday , 21st June 2018

Packaging Companies Facing Increased Demand in East Africa

The digital revolution has made a huge splash in Kenya, as it has in most parts of the world. This has led to big changes in the printing industry in East Africa as a consequence. There has been a big emphasis put onto packaging operations instead, as the industry itself has had to contend with increasing demands of late. “With digital age, there is more market in packaging. The growing middle class in countries like Kenya.... Read more »

Posted on : Friday , 15th June 2018

'Uber Eats' - The Food Delivery App Now in Kenya

Uber Eats, a food delivery app has been launched in Kenya by Uber. The app claims to reach the vast locality and allows customers to purchase food from various restaurants and have it deliver to their doorstep at an ease. Amal Devani, General Manager of Uber Eats Kenya said, “We are excited to introduce this revolutionary app to Nairobi, after its huge global success in over 200 cities around the world. It has been custom-built to.... Read more »

Posted on : Wednesday , 13th June 2018

Jubilee Insurance to Launch New App in Tanzania and Uganda

Jubilee Insurance has announced plans to introduce a new medical mobile app, JubiCare in two East African countries, Uganda and Tanzania by the end of this September. The app was officially launched in February and enables clients to access policy data in real time and also locates the underwriter’s medical providers. The app is armed with various features like a health facility finder and navigator, e-health records, pre-authorisation.... Read more »

Posted on : Tuesday , 12th June 2018

Tanzania to Generate 7mw for Mafia Island

The Tanzanian government has finished two preliminary studies to connect electricity to Mafia Island in the Indian Ocean through submarine cable and generate 7 megawatts through thermal, solar, and wind sources. Ms. Subira Mgalu, Deputy Minister for Energy told the National Assembly that the hybrid power was comparatively cheaper than other sources. "The hybrid sources will add 7MW. The project will start in June of.... Read more »

Posted on : Monday , 11th June 2018

BASF and Mitsubishi boost local presence in East Africa and ignite market competition

In a significant indication of the investment potential of Tanzania, he world’s largest chemical company, BASF Group opened a new office in Dar es Salaam to support planned growth within the country. BASF sources explained during the opening that their presence in the country will allow them to respond to challenges arising from the competitive conditions in the market, while also extending their reach to more customers. Part of the.... Read more »

Posted on : Wednesday , 22nd August 2018