Market News Page No. 194| Africa Business News | Afrotrade

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Kibo reports accelerated progress at Mbeya

The Tanzania-focused mineral exploration and development company, along with the Tanzania Electric Supply Company, received official instruction by the Tanzanian Ministry of Energy and Minerals to prepare a final memorandum of understanding that will govern the further development of the MCPP and the power purchase agreement (PPA). “We are very pleased with progress on the MCPP over the past six weeks and particularly.... Read more »

Posted on : Thursday , 27th July 2017

Hydropower supporting mini-grid development in Tanzania

The 5MW Tulila Hydroelectric Plant in the Ruvuma region of Tanzania is helping to reduce dependence on diesel generators and providing valuable power to local rural communities. The plant is run by the Benedictine Sisters of St Agnes, who already operate a smaller plant, Lupilo (400kW), on the Ruvuma River. Based on this experience, and thanks to a favourable regulatory framework for small, private renewable energy projects in.... Read more »

Posted on : Thursday , 27th July 2017

Tanzanian geothermal plans win climate funds investment

The finance from Climate Investment Funds (CIF) will develop the Ngozi geothermal steam field in southwestern Tanzania and “ultimately showcase the technology’s broader potential in the country’s energy transformation”, the African Development Bank (AfDB) said. The project is funded under CIF’s Scaling-up Renewable Energy Program (SREP). Tanzania will receive $5m as loan and $16.73m in grant resources.... Read more »

Posted on : Thursday , 27th July 2017

AfDB grants Tanzania to develop Ngozi geothermal steam field

Tanzania received the fund through the bank’s Climate Investment Funds’ (CIF) Scaling-up Renewable Energy Programme (SREP). Under the programme, the country will receive a US$5mn loan and US$16.73mn grant from the AfDB to mitigate the high-risk nature of geothermal prospection and field development. Tanzania has achieved significant economic and social progress for the past 20 years to be classified as one of the.... Read more »

Posted on : Thursday , 27th July 2017

Redavia provides gold mine in Tanzania with more solar power

Germany-based off-grid specialist Redavia GmbH announced that it has supplied another solar container for its off-grid PV project at the mining site of the Tanzanian gold producer Shanta Gold. Including this new addition, the installation has now reached 674 kW of capacity and consists of eight solar containers. The first “container solar plant” was deployed in 2014, the company said. “We could already see.... Read more »

Posted on : Thursday , 27th July 2017

Maasai Women Bring Clean Energy to Rural Villages in Kenya, Tanzania

Beatrice Marpe is a women’s leader in the remote village of Tokoishi, about 100 kilometers south of Kenya’s capital, Nairobi. The job of a Maasai women’s leader is usually to help solve marital issues, but Marpe, 55, has taken on a new role: solar ambassador. Being a solar power advocate is about more than renewable energy for Marpe; it’s personal. Her husband died 11 years ago after being killed by.... Read more »

Posted on : Thursday , 27th July 2017

S/Africa to explore business prospects in Kenya, Tanzania

A South African trade delegation will next week embark on an “outward selling and investment” mission to Kenya and Tanzania aimed at increasing trade and investment opportunities between the country and the two East African states, Trade and Industry Minister Rob Davies has said.Some 27 local companies in the agro-processing, automotive, infrastructure, built environment, mining and capital equipment, chemicals, plastics and.... Read more »

Posted on : Thursday , 27th July 2017

Daimler launches locally-built buses

German automotive manufacturer, Daimler is targeting commercial vehicle market with its Kenyan-built bus models. The company known for vehicle models, Mercedes-benz, will stick with DT Dobie as its distribution partner to help drive that growth, joining a long list of vehicle manufacturers that have announced plans to set up locally. Others are Volkswagen (VW), Peugeot, Iveco and most recently truck manufacturer, Volvo. DT Dobie.... Read more »

Posted on : Thursday , 27th July 2017

Tanzania-Turkey to Discuss Business Ties

TANZANIA and Turkey business people are expecting to meet this Thursday to discuss how the two countries could extend business ties. The one-day forum came merely seven months since Turkey President Recep Erdogan made a state visit in the country and signed various Memorandums of Understanding (MoU). Tanzania Private Sectors Foundation (TPSF)Executive Director, Godfrey Simbeye said the objective of the forum was to foster.... Read more »

Posted on : Thursday , 27th July 2017

Kenyans take liking to German furniture

Tucked away in a bungalow off Ngong Road in Nairobi, just behind Uchumi Supermarket, is Niche Décor Furniture, which boasts a collection of German furniture dating back more than 50 years ago but made in classical Victorian design. Niche Décor Furniture deals in a variety of items, including chairs, tables, lampshades, grandfather clocks, paintings and other wooden functional and decorative items that will give your.... Read more »

Posted on : Thursday , 27th July 2017

How this Tanzanian beauty queen started her own furniture business

Jacqueline Ntuyabaliwe is a 38-year-old former Tanzanian beauty queen (Miss Tanzania) and musician. More recently, she has achieved success as an entrepreneur. Ntuyabaliwe is the founder of Molocaho, a Tanzanian furniture manufacturing company, which designs and manufactures quality made-to-order furniture, furnishings, designer fabrics, lighting, decor, garden furniture and rugs. All Molocaho’s products are.... Read more »

Posted on : Thursday , 27th July 2017

Barrick says will start Tanzania talks next week as earnings beat

Barrick Gold Corp, the world's largest gold miner by production, reported better-than-expected quarterly earnings on Wednesday as its mining costs fell and said it would begin talks with the Tanzanian government next week about an export ban. Barrick subsidiary Acacia Mining has three mines in Tanzania, which introduced an export ban on concentrates of gold and copper ore in March. Acacia's operations affected by the ban.... Read more »

Posted on : Thursday , 27th July 2017

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