Market News Page No. 157| Africa Business News

Uganda and Tanzania Sign Gas Deal

Uganda and Tanzania have signed an agreement for the construction of a natural gas pipeline. The deal was signed at the end of a three-day Joint Permanent Commission Summit held in Kampala, led by Uganda's Minister for Energy Irene Muloni and Tanzania's Foreign Minister Augustine Mahiga. The summit was preceded by a series of meetings that involved permanent secretaries and other senior officials. The deal was a.... Read more »

Posted on : Monday , 27th August 2018

East Africa's growing demand for LED and OLED products

The Africa LED & OLED displays and lighting products market was valued at US$ 684.9 Mn in 2015 and is expected to register a CAGR of 17.8% between 2016 to 2026. LED lighting products offer extended lifespan – around 50,000 hours of brightness – and work effectively while consuming less energy than traditional bulbs and CFLs. LED lighting products compete with traditional products with regard to parameters such as longer lifespan,.... Read more »

Posted on : Wednesday , 22nd August 2018

New mining plan for Namwele area, Tanzania

Developments in the Tanzanian mining landscape are also underway with a second excavator working in the Namwele area, where about 3000 t of coal has been already mined. Edenville says they expect to have an updated mining plan completed in September, which will allow work to start on opening up new seams found to the north of the current as the results of the on-site laboratory analysis are encouraging, showing material with a high.... Read more »

Posted on : Wednesday , 22nd August 2018

Rukwa coal plant project in Tanzania to be upgraded to increase output

The Rukwa coal plant project is scheduled to complete the processing plant upgradation work by the end of September. The company carrying out the project Edenville Energy said that post upgradationthe plant will allow for increased throughput. After reviewing various options for acquiring a pre-screening plant to remove the majority of coal fines before reaching the washing circuit, both in Tanzania and overseas, a suitable configuration was.... Read more »

Posted on : Saturday , 1st September 2018

First phase of power pool project to be completion by mid 2019

Concluding the first phase of the region's power pool project, the Ethiopia and Kenya electricity transmission interconnector is anticipated to be completed next year. Tanzania was given more than $450 million by the World Bank for a similar project that will connect the country to Zambia and South Africa, under the regional power pool project. Joseph Njoroge, Kenya’s Energy Principal Secretary said that the 1,045km.... Read more »

Posted on : Friday , 17th August 2018

Solar Pumps Transforming Rural Agricultural Landscape

Throughout the developing world, solar pumps are changing the agricultural landscape. The availability of power throughout the year, as well as government interest across the globe, are benefits in the fight against climate change. An analysis shows that small solar pumps are a better alternative for 11% of the contemporary and future small motorized fuel hydrocarbon pumps on smallholder estates. The cost of energy has been.... Read more »

Posted on : Friday , 10th August 2018

WFP Pledges to Boost Tanzania's Maize Markets

The visiting Executive Director of WFP (The World Food Programme), David Beasley confirmed that they plan to buy 75000 metric tons of maize from Tanzania, while he was in Dar es Salaam this week. This is in line with the UN organizations ongoing exercise to expand market reliability for the corns from Tanzania. They intend to buy between 75,000-100,000 Metric tons of the crop in the next six months from the 30,000 tons they had already.... Read more »

Posted on : Thursday , 9th August 2018

Tullow Oil to Resume Turkana Oil Operations

Tullow Oil, British Oil Company will continue its oil and gas development activities in Turkana County, the Government has said. A statement from the Ministry of Petroleum and Mining reveals that the government has reached an agreement with the company, and such includes addressing the grievances that stalled the transportation of the commodity to the coast. It reads: “The Government has resolved to establish.... Read more »

Posted on : Wednesday , 8th August 2018

UNICEF Pledges 150 Mn to Boost Kenya's Heathcare Programme

Supporting the Universal Healthcare programme in Kenya, the United Nations Children’s Fund has pledged $150 million towards the nutrition and immunization programs planned by the country for the next four years. The meeting held between the Health Cabinet Secretary Sicily Kariuki and UNICEF Country Representative Werner Shultink on Wednesday focused on the improvement of the health and medical facilities in the country, which.... Read more »

Posted on : Monday , 6th August 2018

Tanzania- Stieglers Gorge water project almost complete

According to the Ministry of Water and Irrigation, Stiegler’s Gorge water project in Tanzania is now at 80% complete. Dr. Suphian Masasi, DAWASA Acting Chief Executive Officer, confirmed the news and said that the project, which is implemented through the Dar es Salaam Water and Sewerage Authority (DAWASA), is expected to be completed by August 15 this year. The project is being undertaken by a Chinese company, China Henan.... Read more »

Posted on : Friday , 3rd August 2018

Rwandan Youth Develop Solar-Powered Technology for Farmers

Farmers will be able to manage farming practices such as effective irrigation of their crops without necessarily being at their farm's thanks to a solar-powered technology developed by Rwandan young innovators. The technology uses irrigation and solar-fueled sensors to collect data on soil moisture, nutrient needs and water needed to foster crop growth. It is similar to a project by Precise Agriculture (PA), a modern.... Read more »

Posted on : Tuesday , 31st July 2018

US $175bn Gas Project to Benefit Tanzania

The US-led initiative to invest in gas-powered power plants in Africa will benefit Tanzania a lot. Through the Roadmap, US companies will invest $175 billion in gas power projects in eight other African countries excluding Tanzania, namely Côte d’Ivoire, Kenya, Ghana, Senegal, Nigeria, Angola, Mozambique and South Africa. The initiative is in its preliminary stages and it is not yet known which.... Read more »

Posted on : Saturday , 28th July 2018