Market News Page No. 200| Africa Business News | Afrotrade

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Africa: China Disburses $30 Billion for Agriculture and Industrial Development

China has disbursed nearly $30 billion to assist African countries in different projects as it pledged to be the most reliable partner in speeding agriculture modernisation and industrial development. The major developing nation in 2015 announced $60 billion funding support for Africa at the Sixth Summit of the Forum on China-Africa Cooperation that was held in Johannesburg, South Africa in December 2015. Addressing journalists at a.... Read more »

Posted on : Monday , 13th March 2017

Rwanda: New Housing Project to Improve on Past Failures?

Marie-Claire Kayeze sat in front of her home, surrounded by her seven children, clutching a letter. "They keep moving me," she said angrily. "This is a good home, and I want to stay here." Kayeze was forced to move to Batsinda, a cheap housing estate in a northern Kigali suburb in 2007 after her old neighbourhood was cleared to make way for a proposed new business district in the Rwandan.... Read more »

Posted on : Monday , 13th March 2017

Africa: Scientists Say Modern Technology Answer to Africa's Food Security Woes

Addis Ababa — Africa need to embrace modern technology in Agriculture to ensure food security for its citizens. Experts meeting in Addis Ababa with media practitioners from across the continent are concerned that crop farming has been left in the hands of older members of the society while the young generation seeks white collar jobs. This practice, they said, is dangerous as the cycle is broken once the elderly die.... Read more »

Posted on : Thursday , 9th March 2017

Africa: UN Experts Call for Regulation of Harmful Pesticides, Switch to Sustainable Farming

Two United Nations human rights experts are calling for a comprehensive new global treaty to regulate and phase out the use of dangerous pesticides in farming, and move towards sustainable agricultural practices. "Excessive use of pesticides are very dangerous to human health, to the environment and it is misleading to claim they are vital to ensuring food security," the Special Rapporteur on the right to food, Hilal Elver,.... Read more »

Posted on : Thursday , 9th March 2017

Tanzania: Govt Gets Media Onboard in Push for Industrialization

As the fifth phase government's industrialization drive rolls on, the government is now lobbying the media fraternity across the country to carry it as a national agenda. The Minister for Information, Culture, Arts and Sports, Mr Nape Nnauye, yesterday asked senior writers, editors and owners of various media outlets to explore possibilities of establishing special desks in their newsrooms that would exclusively address and publish.... Read more »

Posted on : Thursday , 9th March 2017

Ethiopia: Addis-Khartoum Public Bus Service to Start from Sunday

The Ethiopian Transport Authority said cross border bus transport between Addis Ababa and Khartoum will commence on the coming Sunday Public Transport Efficiency Authentication director with the authority Tesfaye Belachew told EBC that the public transport project between Addis Ababa and Khartoum has taken about eight years. This public transport believed to enhance the relationship of the two countries in trade,.... Read more »

Posted on : Thursday , 9th March 2017

Ethiopia: Institute Looking to Boost Textile Sector, Increase Exports

Ethiopian Textile Development Institute would intensify efforts in curbing textile sector bottlenecks as textile exports had declined slightly in the first half current fiscal year. The Institute Communication Director Banteyihun Gessesse told The Ethiopian Herald that country had planned to earn 165 million USD from textile exports last year,but it had secured 75 million USD. " By the same token ,we exported textile worth 42.... Read more »

Posted on : Thursday , 9th March 2017

Kenya: Presidents Kenyatta, Trump Discuss Trade, Investment

President Donald Trump spoke on Tuesday with President Uhuru Kenyatta, with the White House saying that the US leader sought to "reaffirm the strong bilateral relationship between our two countries." The telephone conversation also focused on "economic partnership and mutual dedication to overcoming terrorism and other regional security challenges through close cooperation," a statement from White House.... Read more »

Posted on : Thursday , 9th March 2017

Kenyan Women Earn Most from Airbnb, Use Funds to Start Business - Report

Nairobi — Kenyan women earn about one-third of their annual household expenditure from Airbnb Home-renting site Airbnb is providing women with a new way to earn money and build businesses with more women than men on the site and women in Kenya gaining the most, the company said on Tuesday. Airbnb said women have outnumbered men using the site since its 2008 launch and there are currently more than one million women hosts.... Read more »

Posted on : Thursday , 9th March 2017

Ethiopia: Adding up Ethiopia's Energy Resources

In such a carbon constrained world of today, the development of renewable energy sources like that of electric power is remarkably compelling. Recent studies indicate that 600 million people in sub-Saharan Africa, which accounts for the 70 per cent of the population lack access to electricity. Half of all businesses in this part of the continent say that the lack of reliable electricity is a major constraint. Power outages cost African countries.... Read more »

Posted on : Thursday , 9th March 2017

Ethiopia: Bureau Employees to Continue Financial Support for GERD

The Addis Ababa Youth and Sports Bureau senior officials and employees pledged to continue financial supporting for Grand Ethiopian Renaissance Dam (GERD) in a recent held meeting. It was also noted that the Bureau bought bonds worth over 1.3 million Birr through coordinating various government and public wings during the recent bond week. Bureau Head Nigatu Dagnachew said on the occasion the construction of GERD is well.... Read more »

Posted on : Thursday , 9th March 2017

Tanzania: Prices of Petrol, Diesel Skyrocket, Kerosene Remains Same

Vehicle owners will now pay more on every litre of petrol they purchase as the petroleum regulator raises prices for the products in response to a depreciating local currency and increasing global prices. The Energy and Water Utilities Regulatory Authority (Ewura) in its monthly pricing formula released on Wednesday reveals that Motorists will have to pay Sh101.54 more per every litre of Petrol in March. Diesel users will also pay.... Read more »

Posted on : Tuesday , 7th March 2017

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