Market News Page No. 197| Africa Business News | Afrotrade

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Tanzania: Gold Regains Top Spot as Country's Largest Export

Dar es Salaam — Gold has regained its prestigious position as Tanzania's largest non-traditional goods export, thanks to a rise in value at the global market, the central bank says. The Bank of Tanzania (BoT) also indicates that there is an increase in volume of gold produced locally. The rise in export value of gold comes amidst a controversy over the government's ban on the export of mineral concentrates that has affected.... Read more »

Posted on : Saturday , 29th April 2017

Tanzania: Grape Farming Receives Boost from PASS Loan

Elias Mgwabi prunes grape plants on his vineyard at Mtitaa Village in Bahi District, Dodoma Region. AT Mtitaa Village in Bahi District, Dodoma Region, a middle- aged farmer Elias Mgwabi and his labourers are trimming down branches from grape plants as fruits begin to grow on his 12-acre vineyard. The vineyard has become a model farm in the country's major grape growing region, attracting other grape growers to visit and learn.... Read more »

Posted on : Saturday , 29th April 2017

Tanzania: Construction of Modern Mega Stadium Underway in Dodoma

Dodoma — Progress has been made ready for a kick start of construction of a mega stadium in Dodoma, President John Magufuli said here yesterday. The president made this remarks at an occasion to mark the 53rd Anniversary of the Union between the then Tanganyika and Zanzibar, held for the first time at the Jamhuri Stadium in Dodoma. "We are making good progress ready to start construction of the biggest stadium in the.... Read more »

Posted on : Saturday , 29th April 2017

East Africa: Kenya Bans Onland LGP Imports from Tanzania

Most of liquefied petroleum gas (LPG) consumers in the country are likely to be purchasing half-filled cylinders due to illegal gas refilling by dishonest traders. The government regulatory authorities and some dealers have confirmed to the Daily News that the problem was rampant in some areas in the country and that they are doing everything in their capacity to resolve it. As a result, such acts have since prompted the government of.... Read more »

Posted on : Saturday , 29th April 2017

Kenya: Social Enterprise Solar Firm to Setup Manufacturing Plant in Kenya

Kenya — Social Enterprise firm GeNNex is set to build its manufacturing plant in Kenya as it eyes the rapidly expanding solar energy sector. The firm produces solar products that charge phone devices and provide power to homes, using off-grid systems. Nathaniel Peat the firms' Co - Founder, says Kenya has become an important market for them having already invested Sh26.4 million in the market. The company is.... Read more »

Posted on : Saturday , 29th April 2017

World's First Malaria Vaccine to be Tested in Africa

Programs beginning next year in Ghana, Malawi and Kenya will test the vaccine's effectiveness in children. The trial was announced ahead of World Malaria Day (25.04.2017). A pilot program testing the first ever malaria vaccine will begin in Africa in 2018, the World Health Organization has said. Children and babies in high-risk areas in Ghana, Kenya and Malawi will receive the RTS,S vaccine, which is also known as.... Read more »

Posted on : Friday , 28th April 2017

Rwanda National Police to Distribute 3000 Solar Home Systems to Mark Anniversary

Rwanda National Police is set to provide solar home systems to 3000 households in remote areas and 30 health centres in every district of the country in the coming month. This will be part of the activities to mark the upcoming 17th anniversary of Rwanda National Police. In an interview, the Commissioner for Community Policing, Assistant Commissioner of Police Celestin Twahirwa, said the anniversary activities will be directed.... Read more »

Posted on : Friday , 28th April 2017

Kenya: EADP, German Lender Agree $13 Million Credit Deal to Boost Agriculture Sector

Hurdles of Kenyan farmers, organisations as well as small and medium sized enterprises in the agriculture value chain in accessing credit are set to ease with the signing of a €13 million ($13.8 million) financing agreement between German lender KfW and the East African Development Bank . The lender will provide medium to long term loans. The agreement targets the "Agricultural Financing Kenya" project which is.... Read more »

Posted on : Friday , 28th April 2017

Tanzania: Social Funds to Create 25 New Industries, Generate Over 300,000 Jobs

Morogoro — Social security funds plan to establish at least 25 industries countrywide and create over 300,000 jobs for Tanzanians, the government declared here yesterday. The Minister of State in the Prime Minister's Office, Policy, Parliamentary Affairs, Labour, Employment, Youth and People with Disabilities, Ms Jenista Mhagama, said the government was determined to achieve the industrial based economy through serious public and.... Read more »

Posted on : Thursday , 27th April 2017

Rwanda: New Govt Initiatives to Attract More Investment in Affordable Housing

How can Rwanda deliver more affordable housing units and ensure low and middle-income earners acquire decent homes in the medium-term? This question becomes more pertinent particularly as the country's urban population continues to grow rapidly while few houses are being delivered for this market segment. However, the Rwanda Housing Authority (RHA), city authorities and other stakeholders say there is no cause for alarm "as there.... Read more »

Posted on : Thursday , 27th April 2017

Tanzania: Over Half of Rural Households Now Powered by Solar

Dar es Salaam — Solar power revolution is happening in Tanzania with a new study indicating that more than half (65 per cent) of rural households that have access to electricity use solar. The Energy Access Situation Report 2016 released earlier this week by the National Bureau of Statistics and the Rural Energy Agency shows that grid electricity is the second largest source of power in rural areas with 34.5 per cent of households.... Read more »

Posted on : Thursday , 27th April 2017

Tanzania: Report States that 33 Percent Tanzanians Have Electricity Access

Dar es Salaam — A total of 3,753, 615 households in Mainland Tanzania are electrified with any form of electricity out of 11,454,818 households, a new study indicates. This is equivalent to 32.8 per cent of all households of Mainland Tanzania and is an increase from 18 per cent of all households connected to electricity in 2011/12. The Energy Access Situation Report 2016 released earlier this week by the National Bureau.... Read more »

Posted on : Thursday , 27th April 2017

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