Market News Page No. 161| Africa Business News

Hyatt and Hilton to Increase Scale of Operation in Africa as Industry Booms

Two of the world’s elite multinational hospitality companies, the Hilton Worldwide Holdings and Hyatt Hotels & Resorts have announced their plans to expand their operations across the African continent. Hilton has devised a plan that will see them invest $50m in a five-year period and add 100 hotels to its portfolio. While, Hyatt has a plan to invest in another 6 hotels in Africa by 2020. This hospitality industry has contributed.... Read more »

Posted on : Saturday , 6th January 2018

New multiuse project planned for Kiambu county

Premier real estate developer Cytonn Investments is planning to construct a US $125m residential-cum-commercial development project in Kiambu County, Kenya. The project will accommodate 6,500 people and also comprise of a five star hotel. The intent is to convert a 100-acre Kiambu coffee plantation into the mega project and it will be made possible through a special purpose joint venture with local as well as foreign.... Read more »

Posted on : Saturday , 6th January 2018

Remarkable Progress Being Made in Kenya's Universal Health Care Project

Universal Health Coverage (UHC) has been made a top priority by the Kenyan government. Key legal and policy instruments have also been put in place to hasten progress on the project. Dr. Cleopa Mailu, the Health Minister of Kenya added saying that the government has intertwined UHC with its national health strategy and included it in its constitution, the Health Policy goal and Kenya Health Sector Strategic Plan theme. The UHC.... Read more »

Posted on : Wednesday , 18th April 2018

World's Largest Medical Drone Delivery System Announced in Tanzania

Zipline are continuously developing their operations in Africa with Tanzania now looking forward to using drones in a big way to deliver medical supplies in the East African nation. An undertaking of this size would see Zipline, the California based drone start-up assume a critical role in its accomplishment. Zipline and its CEO Keller Rinaudo, put in 3 years consummating the technology behind these drone services before its.... Read more »

Posted on : Wednesday , 18th April 2018

McDonald's Set to Enter Kenyan Market in 2018

McDonald's will soon be latest food brand to enter the Kenyan market with its first outlet anticipated to be in the capital city of Nairobi. This comes when numerous other global brands like Subway and Kentucky Fried Chicken (KFC) have effectively established themselves in the country. McDonald's have decided to enter the Kenya market, at a time when a number of other established global brands are focusing on growth operations in.... Read more »

Posted on : Wednesday , 18th April 2018

United for Efficiency initiative takes shape

The United for Efficiency initiative, a public-private partnership led by UN Environment for LED lighting systems will publish a model regulation will, for use by interested countries. All essential pieces of information like description of what to cover, definitions, test methods, minimum efficiency levels, and a set of common-sense minimum quality and performance requirements along with market information that will help ensure consumers have a.... Read more »

Posted on : Thursday , 19th April 2018

Akon's Solektra lighting up homes in Africa

Thanks to a reported $1 billion credit line with Chinese manufacturers and a skill for celebrity networking, Africa is being lit up by platinum album selling singer rapper AKON, with solar lighting and other products. Born Aliaune Badara Thiam in St. Louis, and raised in Senegal until he was seven has suggested to local media that he may try to launch an IPO for his New York-based Solektra International solar company. The company is said.... Read more »

Posted on : Thursday , 19th April 2018

MAGUFULI WANTS 'FIRST OIL' BEFORE 2020

John Magufuli wants investors, the governments of Uganda and Tanzania to accelerate the construction of the East African Crude Oil Pipeline (EACOP). Magufuli wants the pipeline to be constructed in the shortest time possible instead of waiting until 2020. After completion of key infrastructures like the pipeline and the refinery, Uganda expects to start oil production. However, Magufuli believes that it can be done.... Read more »

Posted on : Tuesday , 5th December 2017

GAS CONSUMPTION TO RISE BY 30PC IN 2017

Utilization of dry gas in Tanzania is set to increase to 1.7 billion cubic meters from 1.3 billion cubic meters last year. London-based Business Monitor International (BMI) Research, which provides macroeconomic, industry and financial market analysis in 24 industries and 200 global markets, says Tanzania has per capita gas consumption of 15.9 cubic meters while the reserve is 1.6 trillion cubic meters. David Earnshaw, Laura.... Read more »

Posted on : Tuesday , 5th December 2017

East African countries join hands to promote legal logging

In a bid to improve legal timber trade and save legitimate businesses from falling prey to the losses sustained by illegal logging, Eastern African Representatives from across different countries are meeting to discuss the formal launch and implementation of the steering committee for the Zanzibar Declaration on Illegal Trade in Timber and other Forest Products. The Zanzibar Declaration signed in September 2015 during the XIV World.... Read more »

Posted on : Wednesday , 22nd August 2018

Milestone deal between Uganda and Tanzania

Dar es Salaam — Trade relations between Uganda and Tanzania have reached another significant milestone, this after the former opted to sign a Memorandum of Understanding (MoU) on Railway Transport Services And Cooperation and Improvement of Ports and Inland Waterways. As per the MoU, Uganda, being one of the East Africa's landlocked countries, will be able to use the port of Dar es Salaam for transporting its cargo. This is a cost.... Read more »

Posted on : Wednesday , 22nd August 2018

Better Age Identification in Africa through Teeth Examination

For many rural African populations, information on uncompromised improvement and development variation is missing, and analysts normally look at development in the population of interest to standards that are planned for European or US kids. Be that as it may, analysts from the University of the Witwatersrand in Johannesburg think evaluating teeth could be a significantly more precise approach to decide the age of children in.... Read more »

Posted on : Wednesday , 18th April 2018