Market News Page No. 209| Africa Business News | Afrotrade

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Kenya: Govt Planning Revenue Collection Law to Curb Taxes that Scare Investors Away

The government is developing a national legislation to guide counties on revenue collection. This follows complaints that some devolved units had come up with prohibitive taxes that have scared away investors. The guide is meant to check on the unnecessary levies that are way above what the business community can afford and remain in business. National Treasury Cabinet Secretary Henry Rotich said a review of the fees.... Read more »

Posted on : Friday , 24th March 2017

Kenya: Solar Boreholes Providing Lifeline for Herders

Garissa — Many Kenyan livestock keepers are losing their animals to drought - but some are staying afloat by using solar-powered pumps and growing vegetables At the only borehole with water for miles around, the troughs are under siege in Saretho village as hundreds of camels, cattle, sheep and goats await their turn. On the other side of the solar-powered well, women and children fetch water for household use, loading.... Read more »

Posted on : Friday , 24th March 2017

Kenya: Counties to Benefit From $155 Million Solar Power Project

Lamu and Tana River are among 14 energy "underserved" counties set to benefit from a Sh15.9 billion solar power project this year. The Kenya-Off-grid Solar Access Project, which is fully funded by the World Bank, seeks to connect 430,000 off-grid households in the 14 counties. The project's main target is to increase access to energy services in all the specific underserved counties. Addressing journalists in.... Read more »

Posted on : Friday , 24th March 2017

Ethiopia: Govt Committed to Increasing Agriculture Productivity

Recently, Ethiopia has launched the new Agricultural Extension Strategy, which is considered to speed up the transformation of Ethiopian agriculture. The Ministry of Agriculture and Natural Resources had recently tabled the new Strategy for discussion with stakeholders. According to the discussion, the agricultural, market-oriented, climate change extension services are typical instruments among global and continental institutes to.... Read more »

Posted on : Friday , 24th March 2017

Tanzania: Norwegian Fertilizer Firm Commits $36 Billion to Boost Agriculture Sector

IN a bid to ensure production and supply of fertilisers in the country, the Norwegian YARA International company, which produces fertilisers has announced to invest 80bn/- at the Port of Dar es Salaam so as to improve the business. The idea is likely to improve agriculture production in the country, since majority farmers will benefit from the huge investment. The Norwegian ambassador to Tanzania, Ms Hanne-Marie Kaarstad said his.... Read more »

Posted on : Friday , 24th March 2017

Tanzania: Norwegian Fertilizer Firm Invests $36 Billion in Dar Port to Boost Imports

IN a bid to ensure production and supply of fertilisers in the country, the Norwegian YARA International company, which produces fertilisers has announced to invest 80bn/- at the Port of Dar es Salaam so as to improve the business. The idea is likely to improve agriculture production in the country, since majority farmers will benefit from the huge investment. The Norwegian ambassador to Tanzania, Ms Hanne-Marie Kaarstad said his.... Read more »

Posted on : Friday , 24th March 2017

Tanzania: China Hails Magufuli Leadership, Funds New Ministry Building

PRESIDENT John Magufuli yesterday witnessed the signing of three agreements between governments of Tanzania and China to support expansion of police training institute in Kilimanjaro and construction of a building for the Ministry of Foreign Affairs and East African Co-operation. Through the agreements, Tanzania has secured 300,000 US dollars (about 660m/-) for the ministry building and 20,000 US dollars (about 44m/-) for the.... Read more »

Posted on : Friday , 24th March 2017

Tanzania: Govt Bans 'Viroba' - Alcoholic Drinks in Plastic Sachets

FOLLOWING the ban on alcoholic drinks packed in plastic sachets, commonly referred to as 'viroba,' the government has revoked permits for production and importation of 20 varieties of the hard liquor which had earlier been approved by the Tanzania Food and Drugs Authority (TFDA). The Minister for Health, Community Development, Gender, Elderly and Children, Ms Ummy Mwalimu, said the government had revoked the permits for production,.... Read more »

Posted on : Thursday , 23rd March 2017

Ethiopia: Ministry Launches New Agricultural Extension Strategy to Transform Sector

The Ministry of Agriculture and Natural Resource said the new Agricultural Extension Strategy is believed to speed up the transformation of Ethiopian agriculture. This was disclosed Monday when the new Ethiopian Agricultural Extension Strategy tabled for discussion with stakeholders. Minister Dr. Eyasu Abriha on the occasion said currently the agricultural, market-oriented, climate change extension services are typical instrument among.... Read more »

Posted on : Thursday , 23rd March 2017

Kenya: All Oil & Gas Contracts Signed By Government Should be Made Public - Civil Society

Nairobi — The Kenya Civil Society Platform on Oil and Gas wants all the oil contracts signed between government and oil exploration companies made public since the discovery of oil in Kenya. Led by Charles Wanguhu, the platform says at least 44 contracts have been signed for drilling in different oil blocks in Turkana but only 10 have been made public. Wanguhu says putting the contracts in the public domain will assist in.... Read more »

Posted on : Thursday , 23rd March 2017

Tanzania: Kuwait Grants $48 Million Loan for Central Corridor Road Project

THE Kuwait government through Kuwait Fund for Arab Economic Development has released a loan of 109bn/- to finance Nyahua- Chanya road project, which will boost economic development through the central corridor. Speaking to reporters shortly after the signing ceremony in Dar es Salaam yesterday, the Minister for Finance and Planning, Dr Philip Mpango, expressed gratitude to the Kuwait government, and said the road is important because it.... Read more »

Posted on : Thursday , 23rd March 2017

Rwanda: Govt, Banks Need to do More to Achieve Cashless Economy

The push by government for Rwanda to achieve a cashless economy is slowly gaining ground with more and more financial institutions embracing and promoting financial technology (fintech). Presently, the majority of banks have rolled out technology-driven services and solutions, a development that has helped them increase options to enhance services as well as enable customers to make transactions easily and deepen inclusion. The.... Read more »

Posted on : Thursday , 23rd March 2017

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