Market News Page No. 167| Africa Business News

Dangote Cement Open New $300 Million Cement Plant in Congo

Africa’s largest cement company, Dangote Cement Plc has stepped up their efforts for the economic emancipation of Africa by opening a cement plant in Mfila Congo Brazzaville. The plant will be equipped with a production capacity of 1.5 million tonnes per annum. This new plant is valued at $300 million and will employ as many as 1000 employees directly and many more thousands indirectly. President Sassou Nguesso inaugurated.... Read more »

Posted on : Friday , 12th January 2018

Siemens to Invest R5.5 million towards Automation in Africa

Siemens will be investing R5.5 million towards industrial automation and equipment for higher education institutes in Nigeria, Tanzania, Ghana, South Africa and Kenya. Sabine Dall’Omo, CEO of Siemens Southern and Eastern Africa said in an official statement. The company’s newest investments will go towards aiding the development of locally engineered solutions. “In an African context, disruptive technology can be.... Read more »

Posted on : Wednesday , 18th April 2018

Hydroclones Fast-Improving Recovery Rate at Tharisa Minerals

Tharisa Minerals’ operations in the South-western region of South Africa for excavating platinum have received a boost as it has overseen an improvement in its mill circuit production performance by an impressive 36 percent. Tharisa Minerals managed to achieve this by replacing its cyclones with Cavex hydroclones from industrial equipment supplier, Weir Minerals Africa. The Cavex hydrocyclones have enabled the mine to recover 98 oz.... Read more »

Posted on : Friday , 12th January 2018

Total Cooking Gas Customers to Verify Fuel Validity via SMS

A new service has been introduced by Total Kenya for its cooking gas customers to use their phones to verify validity of the fuel they are buying to avert accidents linked to illegal refilling by unscrupulous dealers. To verify, customers will have to scratch the label attached to the gas cylinders and text a unique code to 38353. This will be free service The campaign will help to remove counterfeit products out of the.... Read more »

Posted on : Tuesday , 9th January 2018

Kenya: Kenyatta University to get 100KWP Solar Plant

A Centre of Excellence valued at Sh59 million has been launched at the Kenyatta University of Nairobi which hosted the third United Nations Environment Assembly (UNEA). The initiative supported by the French government saw the construction of a 100kWp solar pilot plant unveiled at the university, through the technical help of a French industrial group specializing in designing, financing, and building and operating photovoltaic.... Read more »

Posted on : Tuesday , 9th January 2018

Kenya- Kenya Pipeline Company Storage Tanks Almost Complete.

Kenya Pipeline Co. (KPC) is set to complete the construction of US$53 million worth of new fuel storage tanks in Nairobi soon to receive high volumes of products from the port of Mombasa. KPC said Indian firm Prashanth Project Ltd (PPL) was currently working on four tanks with a capacity to store 133 million litres and Zakhem International Construction is at the tail-end of finishing a new pipeline from Mombasa to.... Read more »

Posted on : Saturday , 6th January 2018

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