Market News Page No. 161| Africa Business News

Timber industry in South Africa plans for a positive future

Government experts are mulling over all possible options to ensure revival and strengthening of the sector. The years to come will see increased efficiency and productivity. The medium-term outlook for the timber industry is under pressure while the short-term outlook for South Africa’s timber industry looks promising, with positive supply and demand figures. As the total area under plantation in South Africa is not expanding in.... Read more »

Posted on : Monday , 11th February 2019

Modular homes are making a grand entrance in South Africa

The move from free-standing homes can be linked to high property prices – which shows that South Africans living in the country’s most populated provinces can expect to pay well over a 1 million rand for a home. As owners opt for townhouses and flats over free-standing properties South African homes are becoming smaller. Most people use them as their main home, from a starter home to retirement and everything in.... Read more »

Posted on : Thursday , 22nd March 2018

Increasing the logging and export potential of Cameroon

To ensure that only legally sawn wood is used in the country the Center for International Forestry Research has started a campaign Cameroon is well known for being an international timber exporter, and as Africa's largest exporter of tropical wood to the European Union. However recently domestic timber trade seems to be slowing down. According to Forestry researchers, Cameroon, which boasts of 20 million hectares of forest, which a great.... Read more »

Posted on : Saturday , 2nd December 2017

Ethiopia Unveils $375 Million National Electric Power Project

The Ethiopian government unveiled a new 375 million U.S. dollar national electricity project. The project, called "Light for All," will be implemented in the coming seven years across Ethiopia, with an objective to provide electricity to rural areas that currently have no access to electricity. Hailemariam Desalegn, Ethiopian Prime Minister, while unveiling the new nationwide electricity power project, said the.... Read more »

Posted on : Saturday , 2nd December 2017

Kenya- First Phase of Menengai Power Plant Almost Complete

Johnson Nchoe, Geothermal Development Company CEO Engineer says the first phase of the new power plant in Menengai is in the last stages of development. In 2015, Kenya injected 280 mw of geothermal energy to the national grid pushing up the installed capacity to 2,327 MW. Geothermal now contributes about 50 percent of electricity in the energy mix, hydro 39 per cent while thermal has been reduced to 10 percent. Three.... Read more »

Posted on : Saturday , 2nd December 2017

Green gold of Africa - Ethiopia looks to capitalize

In this country money really could grow on trees. Ethiopa contains two-thirds of the bamboo in Africa, and it is hoped that the "green gold" can potentially power growth. According to Adane Berhe, CEO Adal Industrial PLC, which is helping to build the new industry. "The farmer who has bamboo is rich, but he doesn't know it," China has become the choice destination for Berhe, the global hub of the bamboo trade, to.... Read more »

Posted on : Friday , 25th January 2019

Hardwood becomes the choice of the next generation

According to a business executive, Arjun Bhachu, who works with Wood Products, one of the oldest companies dealing in wood in Kenya says it evokes elegance and texture in any room. “Just like art, wood helps restore the natural state in a room”. The overlooked timber is making a comeback in kitchens, floors, walls and staircases. In Kenya, homeowners moved from wood floors to tiles, then they switched to 3D epoxy flooring.... Read more »

Posted on : Friday , 25th January 2019

Kenya- The Cheap Power Plans Going To Benefit Small Businesses

Kenya Power has plans to connect small and medium enterprises to cheap power. The new power tariff, which large manufacturers have started enjoying, will reduce the cost of power by half when producing during off-peak hours. The power retailer is expected to install smart meters on the premises of its SME customers, which will enable them to take advantage of the tariff whose implementation began.... Read more »

Posted on : Saturday , 2nd December 2017

Local production of Captain Morgan Rum by EABL

East African Breweries Limited (EABL) has begun brewing Captain Morgan Gold at its Ruaraka distillery in Nairobi as it looks to take advantage of the developing business sector of spirits consumers. The local brewer, which has up until now been bringing in the rum produced by its parent firm Diageo, is presently creating the top notch spirit in the 250ml bottle at a prescribed retail cost of Sh270. Fred Otieno,.... Read more »

Posted on : Wednesday , 18th April 2018

East Africa Upbeat About Economic progress in 2018

An expansion in communications, transport and construction sectors is being eagerly expected by East African economies for the year 2018. Tanzania's economy is expected to expand by 7.1 per cent in 2018, up from an estimated 7 per cent this year and it’s Finance and Planning Minister Philip Mpango has vowed to boost public investment in infrastructure, including a standard gauge railway, new roads and expansion of.... Read more »

Posted on : Thursday , 7th June 2018

Pharmaceuticals to Have Single Regulator in EAC

The pharmaceutical division is set to benefit by more broad access to the market following a course of action by the East African Community (EAC) States to set up a single regulatory agency for drugs. Medication firms would then be able to get to the 160 million strong EAC market effortlessly as the agency is relied upon to diminish time and costs of evaluations and approvals of drugs/medical devices. Presently, new medications must be.... Read more »

Posted on : Wednesday , 18th April 2018

Babyl's AI Inspired Healthcare now in Rwanda

Babyl Rwanda, an advanced medicinal services supplier has been gaining good ground in Rwanda of late. Headquartered in London, Babyl expects to bring affordable and accessible healthcare services to all Rwandans. They hope to do this by combining the medical expertise of professionals and the ever-increasing computing power of modern day machines. Dr. Shivon Byamukama, the deputy CEO of Babyl explained that Babyl utilizes.... Read more »

Posted on : Wednesday , 18th April 2018