Market News Page No. 199| Africa Business News | Afrotrade

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Kenya: Govt to Introduce HIV Prevention Drug, High Risk People to get First Access

The Kenyan government will next month roll out a new drug meant to protect HIV-negative people from contracting the virus. The drug, known as Pre-exposure Prophylaxis (PrEP) will be given to those at high risk of contracting the virus before being made accessible to the rest of the population. This is after pilot studies conducted in Kenya and Uganda showed that if taken once daily, the drugs can prevent HIV infection by more.... Read more »

Posted on : Tuesday , 14th March 2017

Tanzania: President Unveils Massive Transport Infrastructure Upgrade Plan

President John Magufuli yesterday unveiled a new package of plans to upgrade ports, railway and road networks to spur economic development. The ambitious plan whose execution is expected to start effectively this year will also shake-up residents whose structures are sitting within the protected areas. President John Magufuli who is also the CCM National Chairman briefed the party's extraordinary congress here on the commencement of the.... Read more »

Posted on : Tuesday , 14th March 2017

Tanzania: Demolition Works Continue to Make Way for SGR

Ongoing demolition of unplanned structures along the central railway line from the City centre to Pugu Station by state owned Reli Assets Holding Company (RAHCO) is slated for completion tomorrow. Speaking to 'Daily News' yesterday, RAHCO Public Relations Manager Ms Catherine Moshi said between 250 and 300 houses, mostly kiosks will be demolished along the railway line to pave way for construction of the Standard Gauge.... Read more »

Posted on : Tuesday , 14th March 2017

Ethiopia: Chinese Railway Contractors Providing Life Transforming Opportunities to Locals

Addis Ababa — In rural and urban Ethiopia, Chinese contractors are busy building railways that are counted upon to speed up the industrialization of the east African country. Their presence has brought the locals life-transforming opportunities. To achieve the goals set by the government of Ethiopia that targets 2,750km railroads by the end of 2020, many Chinese firms aided by Ethiopian laborers are working around the clock to.... Read more »

Posted on : Tuesday , 14th March 2017

Kenya: Steps to Improve Access to Health Care for Deaf People

Junie* wakes up early in the morning. She's ill and preparing for a doctor's visit in one of the public hospitals. When she arrives at 6.30am it's overflowing with patients. By noon she becomes anxious, irritated and approaches the nurse seeking an explanation for the six-hour delay. Only when the nurse explains that they have been calling out her name since early morning, does it strike the nurse that Junie is deaf. She.... Read more »

Posted on : Monday , 13th March 2017

Ethiopia: China, Ethiopia Ink MoU to Boost Cement Industry

Ethiopia and China signed a memorandum of understanding (MoU) which would enhance the cement industry. The 2017 Ethio-China Cement Forum (ECCF) themed: 'Partnership in Excellence' was opened here yesterday. Speaking at the occasion, Industry State Minister Dr. Alemu Sime emphasized that the forum is vital to draw the Chinese vast experience in the sector. He further said that there is a high potential for the cement.... Read more »

Posted on : Monday , 13th March 2017

Rwanda: Stock Exchange Takes Steps to Infuse Liquidity, Boost Trade Volumes

The Rwanda Stock Exchange has said it will introduce a market makers scheme in an effort to infuse liquidity in the bearish market and boost volumes traded. Market makers buy shares of a listed company, warehouse them and sell them to the public when prices appreciate, creating a balance in the market. "The legal framework is in place," said Robert Mathu, executive director of the Rwanda Capital Markets Authority,.... Read more »

Posted on : Monday , 13th March 2017

Rwanda: $150,000 Japanese Grant to Provide Access to Clean Water in Rural Regions

Japanese government has given a grant amounting to $147, 075 (approx. Rwf121 million) to two local organisations that will supply water in the districts of Muhanga and Bugesera. The two projects will increase access to clean water in areas where residents had for long experienced water shortages. The recipients are Movement for the Fight against Hunger in the World (MFLM) and Rwanda Environment Conservation Organisation.... Read more »

Posted on : Monday , 13th March 2017

Rwanda: World Bank Loans $46 Million for Agriculture Development

Agri-productivity could improve thanks to a new World Bank Group's credit line. The Government of Rwanda and World Bank Group yesterday signed a $46 million (approx. Rwf38 billion) loan to support farming across the country. The money is part of the International Development Association (IDA) funding agreed upon back in 2014. Amb. Claver Gatete, the Minister for Finance and Economic Planning, and Yasser El-Gammal, the.... Read more »

Posted on : Monday , 13th March 2017

Kenya: Govt Increases Cotton Prices as Incentive to Woo Growers

Cotton farmers are set to earn more from the crop after the government increased producer prices per kilogramme from Sh42 to Sh50. The move is intended to woo growers who have abandoned the crop, forcing ginneries to mill at below capacity. The Fibre Crops directorate-- which manages cotton and sisal in the country-- said the decision to review the price was reached at as one of the many incentives that the government has lined.... Read more »

Posted on : Monday , 13th March 2017

Kenya: Nairobi-Mombasa Journey to Take Four and Half Hours by SGR

At least 20 engineers are testing the standard gauge railway in readiness for the commissioning of train operations in July. On Wednesday, the train arrived at the Port Reitz station from Nairobi, with engineers saying the trains would travel at 120 kilometres per hour. "The train took two hours between Nairobi and Mtito Andei because the track there is complete. But from there we moved slowly because there are extensive.... Read more »

Posted on : Monday , 13th March 2017

Kenya: Cement Firm Reports Flat Growth of $58 Million Amid Tight Competition

Cement maker Bamburi Group has reported flat growth in its after-tax profit, citing falling demand in domestic and regional markets as well as rising competition. The Nairobi Securities Exchange-listed company recorded a profit after tax of Sh5.89 billion for the year ended December 2016, a 0.3 per cent rise over the profit recorded during a similar period last year. The company's turnover fell to Sh38 billion from Sh39.2 billion in.... Read more »

Posted on : Monday , 13th March 2017

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