Market News Page No. 203| Africa Business News | Afrotrade

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Tanzania orders a new Boeing 787-8 Dreamliner to expand international flights

The government of Tanzania is buying a new Boeing Dreamliner 787 for its national airline, bolstering the Chicago jet manufacturer's year-end order book. The sale follows private meetings that Jim Deboo, Africa region sales and marketing director for Boeing (NYSE: BA), held with Tanzania President John Magufuli during a visit last week. A $10 million down payment has already been made on the 787-8 Dreamliner, whose list.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Dar's Electricity Access Doubles

NATIONWIDE access to electricity has more than doubled, from less than 30 per cent to 67.3 per cent during the past decade, Energy and Minerals Minister Sospeter Muhongo has said. Prof Muhongo revealed further that access to power in rural areas increased from just two per cent in 2007 to 47.5 per cent today, noting that 97.3 per cent of urban folks have been connected to electricity. "At 97.3 per cent access in.... Read more »

Posted on : Tuesday , 18th July 2017

Koyo to open PV panel factory in Tanzania

The Japanese company has revealed that it is setting up a subsidiary in the East African country, with plans for a solar panel assembly plant. It will officially open the subsidiary, Koyo Bussan Tanzania, in Dar es Salaam this week, according to an online statement. It did not reveal additional details about the PV module plant, but said that it is interested in the commercial and residential solar sectors. The.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Lighting Rural Villages - Solar Power Is a Game Changer in Rorya

Residents of Manila village in Rorya District, Mara Region have opened a new chapter in their neighbourhood. They no longer have to bear the brunt of 'living in the dark' after a new solar power named Firefly came to their rescue. About 500 residents in a village located about 10 km from Lake Victoria can now conduct their activities comfortably, thanks to an American Engineering Group Limited (AEG) and Mashaka Foundation for.... Read more »

Posted on : Tuesday , 18th July 2017

80MW Power Station to Light Rwanda, Burundi and Tanzania

Two Chinese firms and an Austrian engineering company are expected one week from now to sign a contract with Rusumo Power Company paving way for construction of the $340 million power generation facility starting early 2017. The three firms have been selected to build the 80MW Rusumo hydro-power station that is being jointly developed by Rwanda, Tanzania and Burundi where each of the three countries will receive 26.6MW of.... Read more »

Posted on : Tuesday , 18th July 2017

Solar Energy Is Lighting Up Women�s Businesses in Africa

Elizabeth Julius worked sunrise to sunset to make ends meet as a seamstress. Supporting her husband and two kids in a village in Tanzania, Julius was forced to put down her needle and thread each day once darkness fell. That all changed three years ago when she was introduced to Energy 4 Impact, a London-based organization that works in Africa to ensure energy access and foster entrepreneurship for impoverished.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Special Report - Teak Tree Farming Lucrative, but One Should Be Patient

In this interview The Citizen Correspondent Patrick Kisembo speaks with one of the investors, Hans Lemm, the general manager of Kilombero Valley Teak Company, or KVTC in short,on challenges and opportunities of tree farming. Thousands of farmers in Kilombero, Ulanga and Malinyi districts in Morogoro Region earn their living growing trees, the business that has also attracted foreign investors who work close with farmers in fulfilling the.... Read more »

Posted on : Tuesday , 18th July 2017

Dome-shaped tents in Tanzania keep visitors warm at 10,000 feet above sea level

This low-impact camp in Tanzania is made up of eight domes that offer stunning views of Serengeti National Park. Asilia, an eco-tourism company offering exclusive, carbon-neutral camps and lodges across Africa, commissioned Caline Williams Wynn of design studio Artichoke to style the interiors of these geodesic igloos filled with furniture and objects inspired by vernacular design. The Highlands camp is located on the edge of the.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania to improve working conditions for small-scale miners

Tanzanian authorities, through a 3.7-million-U.S.-dollar loan from the World Bank, have embarked on a program to improve working conditions for small-scale miners, a senior official said Thursday. Alex Rutagwelela, acting director of exploration and drilling with State Mining Corporation (STAMICO), said the program will address challenges facing small-scale miners, including poor mining methods. "The government.... Read more »

Posted on : Tuesday , 18th July 2017

Kibo unaffected by Tanzania mining legislation changes

JOHANNESBURG (miningweekly.com) – Tanzania-focused mineral exploration and development company Kibo Mining’s Mbeya coal-to-power-project (MCPP) will not experience any adverse developmental impacts owing to recent changes in Tanzania’s legislative mining environment. Reuters reported that Tanzania’s Parliament had passed two laws allowing government to force mining and energy companies to renegotiate their.... Read more »

Posted on : Tuesday , 18th July 2017

Acacia accepts 50% lift in royalty as Tanzania turns the screw

ACACIA Mining will comply with part of newly enacted legislation in Tanzania which increases revenue-based royalties to 6% from the previous levy of 4%. The UK-listed gold producer said in an announcement today that the decision to pay the higher royalty, which is applicable on gold, copper and silver exports, was to “minimise further disruptions to our operations”. “Acacia notes the publication of.... Read more »

Posted on : Tuesday , 18th July 2017

Tanzania: Magufuli's Mining Reforms Are a Masterclass in Political Manoeuvring

Whether his moves in the mining sector work or not, President Magufuli knows what he is doing. Ever since his election in 2015, Tanzania's President John Magufuli has been a subject of public fascination. At first, his war on graft promised to cleanse the state of corruption, while his patriotic thrift inspired the hashtag #WhatWouldMagufuliDo? But as this campaign of tumbua majipu ("lance the boils") was.... Read more »

Posted on : Tuesday , 18th July 2017

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