Market News Page No. 206| Africa Business News | Afrotrade

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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

Tanzania: Plug Loopholes or Lose Revenue from Gas Discoveries - CAG

Dar es Salaam — The Controller and Auditor General (CAG) has cautioned the government that the country is facing several risks of losing substantial revenue from the huge discoveries of natural gas unless measures are taken to plug loopholes. According to a recent report by CAG Mussa Assad, the natural gas bonanza cannot build a strong economy to lift many Tanzanians from poverty unless several measures are taken on managing the.... Read more »

Posted on : Thursday , 27th April 2017

Kenya: American Roasters to Increase Coffee Imports by 25 Percent

American roasters are expected to raise coffee purchases from Kenya by a quarter to Sh3.5 billion annually after the country showcased its produce in the ongoing symposium in Seattle, US. Coffee Directorate made a pitch for Kenya's specialty coffee during the exhibition to have the US, which pays a premium price for the commodity, increase its uptake 25 per cent. America buys seven per cent of Kenya's annual export of 46,000.... Read more »

Posted on : Wednesday , 26th April 2017

Kenya: Current Administration Built 1,822km of New Roads During Term

The Ministry of Transport is fighting back on reports that the Jubilee administration has been skewed in construction of roads in the country. Infrastructure Principal Secretary John Mosonik told the Nation that while it is true there were ongoing projects when the current administration came to power, a lot more has been accomplished in the last four years. "Over last few days, the number of kilometres of roads in the.... Read more »

Posted on : Wednesday , 26th April 2017

Rwanda, Morocco Ink New Infrastructure Development Deal

Rwanda Football Federation (Ferwafa) has signed a new agreement with the Federation Royal Marocaine de Football (FRMF) aimed at improving football infrastructure in the country. In a statement released on Saturday, Ferwafa president Vincent Nzamwita confirmed the development on the conclusion of a seven-day visit to Morocco on the invitation of his counterpart, Fouzi Lekjaa. The two sides discussed the funding of the FERWAFA.... Read more »

Posted on : Wednesday , 26th April 2017

Rwanda: Kigali to Get New Digital System to Make Construction Permits Easier

It will now be easier and faster to process construction permit applications in the City of Kigali (CoK) and secondary cities around the country, thanks to a new digital system for issuing and managing building permits that starts today. The electronic Building Permit Management Information System (eBPMIS) is designed to digitise building permit issuing services in the City of Kigali and secondary cities and to improve service delivery,.... Read more »

Posted on : Wednesday , 26th April 2017

Tanzania: Plastic Bag Factories Will Have to Install Recycling Plants As Well

Morogoro — New plastic bag manufacturing factories in the country will have to install recycling facilities as the government moves to curb environmental degradation, the National Environment Management Council (NEMC) has announced. NEMC Coordinator for the Eastern Zone Jaffar Chimgege, speaking here over the weekend, said: "As a country, we face a serious challenge when it comes to littering the environment by plastic.... Read more »

Posted on : Wednesday , 26th April 2017

Nigeria reclaims position as Africa�s top oil producer

Nigeria may have reclaimed its position as Africa’s top oil producer beating Angola. Angola had led the African oil producing countries with its 1.7 million barrels of crude oil a day, well above Nigeria’s 1.5 million barrels per day, in September 2016, for seven straight months. According to the December 2016 Monthly oil Market report (MOMR) of the OPEC, crude oil production from Nigeria went a notch above that of Angola even.... Read more »

Posted on : Saturday , 22nd April 2017

Ethiopia's poultry giants: From $3,500 start-up now hitting $1.6m in sales

The high demand for poultry in Ethiopia is shaping the lives of a group of friends who came together in 2010 to start a poultry farm. In the capital Addis Ababa, Friendship Agroindustry is now the second largest supplier of chicken and other poultry products. The company was started after they put their personal savings together and took a loan of 3,500 US dollars as capital. In seven years, the business has grown.... Read more »

Posted on : Saturday , 22nd April 2017

Dangote could be world's largest rice exporter by 2021

Africa’s richest man, Aliko Dangote, could be the world’s biggest rice exporter in the next five years. This is according to the head of the African Development Bank (AfDB), Akinwumi Adesina. Akinwumi was Nigeria’s Agriculture minister when Dangote was the largest importer of rice into Africa’s most populous nation. He recounted how the billionaire businessman once walked into his office and resolved to switch from.... Read more »

Posted on : Saturday , 22nd April 2017

AFDB discloses a $12bn power plan for Africa

The African Development Bank (AFDB) has unveiled plan to invest $12 billion over the next five years under its new electrification programme. The fund will support its New Deal on energy for Africa which aims to achieve universal access to Africa by 2025. The plan was born out of the Energy Week conference held in Abidjan, Ivory Coast in March which brought stakeholders together to discuss methods of improving energy access. Until.... Read more »

Posted on : Saturday , 22nd April 2017

Rwanda launches first peat-fired power plant in Africa

Rwandans are likely to begin benefiting from more power from their national grid following the latest opening of a new peat-fired power plant in Gishoma, western Rwanda, which is the first of its kind in Africa. The project, which is said to be valued US $39.2 million, is estimated to begin feeding at least 15 megawatts of power in to the national grid directly. Another key peat-fired plant, which costs US $350 million,.... Read more »

Posted on : Tuesday , 18th April 2017

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