Market News Page No. 174| Africa Business News

State of the art expressway to be constructed in Kenya, Investment of US$2.9bn

Kenya is planning on constructing a brand new road connecting Mombasa and Nairobi instead of expanding the existing highway. Scrapping the plan to upgrade the current road into an expressway, the government has decided to construct a brand new six-lane expressway that will run alongside the existing road. In three years, traveling from Mombasa to Nairobi will have at least four major connections. The Train (Standard Gauge Railway (SGR)), which.... Read more »

Posted on : Tuesday , 5th December 2017

Kenyan Medical Authorities to Incorporate WHO Guidelines

Kenyan Health Authorities are planning to adopt World Health Organization (WHO) guidelines, in their latest attempt at combating the issue of child mortality. Jackson Kioko, the Director of Medical Services from the Ministry of Health revealed at the Scientific Symposium on Pneumonia to commemorate World Pneumonia Day on Friday, November 12th. While speaking at the forum, Mr. Kioko also advocated the use of amoxicillin dispersible.... Read more »

Posted on : Wednesday , 18th April 2018

Kenya to Benefit from New Multi-Million Dollar Food Security Drive

Kenya will be one of the beneficiaries of a new Ksh 3 billion (US$280 million) undertaking, which will aim to increase incomes and improve food security of 30 million farming households. This partnership has been named, ‘The Partnership for Inclusive Agricultural Transformation in Africa (PIATA), was launched at the 2017 African Green Revolution (AGRF) by four organizations and has been described as an innovative and.... Read more »

Posted on : Wednesday , 18th April 2018

Report Sheds Light on the State of African Agriculture

According to the latest Africa Agriculture Status Report, the African food market may be worth more than USD 1 trillion annually by 2030. Entrepreneurs and the free market will mainly propel this forward and develop Africa’s economic advancement through food production. Businesses too have opportunities to benefit from a swiftly developing food market. The report notes, “Agriculture will be Africa’s quiet revolution, with a.... Read more »

Posted on : Wednesday , 18th April 2018

President Kagame Sees Scope For Growth In Rwanda

The Rwandan economy could expand to 6 percent in 2017 and a further 7 percent in the following year, according to President Paul Kagame. This growth could be credited to domestic demand and better commodity pricing. The economic index of Rwanda is projected to experience a rapid rise this year and the year after that follows as industries such as tourism, mining and financial services grow. The rate.... Read more »

Posted on : Thursday , 9th November 2017

$16 Million Tantalum Plant to be developed in Rwanda

Rwanda will soon begin exporting refined tantalum products around the globe in the coming 12 months, following a huge deal to build a $16 million manufacturing plant in the country. Rwanda produces 50 percent of the global supply of tantalum and remains the biggest exporter of the product. PLG Plc, a Malta-based company dealing in integrated metallic science materials with operations in Europe has recently signed off on a.... Read more »

Posted on : Thursday , 9th November 2017

Hyacinth Power Plant to be constructed by Local Kenyan Firm

An eight-megawatt power plant is to be built in Homa Bay County by a local firm using water hyacinth from Lake Victoria. The company Homa Bay Biogas One Ltd is awaiting permission from the Energy Regulatory Commission (ERC) to move forward with the plant. The company hopes to utilize the waterweed that regularly engulfs the lake and use it transform it to biogas. “Homa Bay Biogas One Ltd will make.... Read more »

Posted on : Wednesday , 8th November 2017

Tax Exemption for Renewable Energy in Tanzania

The Ministry of Energy is exploring the possibility of having a tax exemption on renewable energy with the Ministry of Finance and Planning as a means of attracting more investments into the sector. According to a recent report, to meet the goal of achieving 100% renewable energy, an investment of $160 billion will be required. After including investments in replacements after the expiry of its economic lifetime, the cost incurred.... Read more »

Posted on : Wednesday , 8th November 2017

Chunya District Opts for Cashew Nut Discards Tobacco

In the aftermath of decreasing tobacco prices and subsequent increase in environmental damage, the Chunya District Council in Mbeya region has started cultivating cashew nuts to strengthen farmers’ earnings. To realize the plan, cashew nut is to be grown on over 100 hectares and 250 farmers will profit from the product in the first phase. Mr. Agustino Ndelwa, Acting District Agriculture Officer while meeting with District.... Read more »

Posted on : Wednesday , 18th April 2018

After 2 Years, Chinese Medical Team Departs from Tanzania

After two years of their mission to serve rural and urban Tanzanians, the visiting 24th China Medical Team was bid a heartfelt adieu on Friday in Dar es Salaam. The team achieved serving over 20,000 Tanzanians while also donating medicines and equipment worth 125 million. Ummy Mwalimu, the Tanzanian Health, Community Development, Gender, Children and Elderly Minister spoke on behalf of the government during the farewell party at the Chinese.... Read more »

Posted on : Wednesday , 18th April 2018

Avocado Market to Help Propel Kenya's Food Security

The Kenyan government has identified avocado and sweet potatoes as two very important crops for food security, proper nutrition and trade expansion. These crops not only provide vital nutrients for good health, they could also fetch Kenyan farmers billions of shillings as the government works towards a better exportation program. This comes in the wake of the nation’s struggle to stabilize the production of maize, after.... Read more »

Posted on : Wednesday , 18th April 2018

Boost to Kenyan Horticulture by Elgon Kenya-Dudutech Pact

The deal is struck between Integrated Pest Management (IPM) provider Dudutech and agro input company Elgon Kenya. Through this pact, Elgon will distribute Dudutech’s products that are acclaimed worldwide. This agreement is thought of as transformative in the horticultural industry of Kenya. Recording an average growth of 15% to 20% annually, the horticultural category within the agricultural sector is the most flourishing industry. This.... Read more »

Posted on : Wednesday , 18th April 2018