Market News Page No. 212| Africa Business News | Afrotrade

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Ethiopia: The Many Benefits of GERD

The Grand Ethiopian Renaissance Dam (GERD) possesses an invaluable and multi-faceted values and benefits to the peoples of Ethiopia. We may categorize those values and benefits in economic, social and political terms. The economic values are magnanimous. GERD can generate immense amount of hydro-power that can be sold here at home to each villages, towns and cities and abroad to different countries and hence can generate billions of dollars in.... Read more »

Posted on : Wednesday , 22nd February 2017

Ethiopian Diaspora Raises Over $2 Million for GERD Construction

The Ministry of Foreign Affairs announced that the Ethiopian Diaspora Community in different parts of the world raised 2,101,000 USD to back the construction of the Grand Ethiopian Renaissance Dam (GERD). In a press briefing Friday, Ministry Spokesperson Tewolde Mulgeta said the contribution was made during the last six months in the form of bond purchases, donation and other funding mechanisms. Tewolde added that the ministry.... Read more »

Posted on : Wednesday , 22nd February 2017

Tanzania: Rural Women Champion Solar Energy in Villages

For six years now, Esupat Loseku has known the joy of an income outside of livestock sales. The 29-year-old mother of six installs solar power systems and builds cookstoves in Enguiki village and its environs in northern Tanzania. In a week, Ms Esupat can serve four homes or even more, charging Tsh25,000 ($11) in her village and Tsh95,000 ($42) elsewhere. "People come to us inquiring about solar because they have seen it.... Read more »

Posted on : Tuesday , 21st February 2017

Rwanda: Education Institutions Need to Find Solutions to Country's Energy Needs - Minister

The State Minister in charge of Technical and Vocational Education and Training (TVET) Thursdaycalled on TVET institutions to partake in finding solutions to the country's energy deficit by producing graduates with the requisite skills to help address the current shortage. He was speaking at Tumba College of Technology during a graduation ceremony for some 358 students who completed their studies in different courses, including.... Read more »

Posted on : Tuesday , 21st February 2017

Rwanda: Education Institutions Need to Find Solutions to Country's Energy Needs - Minister

The State Minister in charge of Technical and Vocational Education and Training (TVET) Thursdaycalled on TVET institutions to partake in finding solutions to the country's energy deficit by producing graduates with the requisite skills to help address the current shortage. He was speaking at Tumba College of Technology during a graduation ceremony for some 358 students who completed their studies in different courses, including.... Read more »

Posted on : Tuesday , 21st February 2017

Rwanda Gets $38 Million Solar Project, Largest in East Africa

Rwanda has done it again; Ignite Power is the largest solar financing company in Rwanda. Rwanda citizens now have the most Affordable Solar Home Systems in Africa, 30% more affordable than Kenya, 40-70% more affordable than any comparable product in Rwanda. IGNITE POWER has the fastest scale up in Africa with a connection rate of close to 250 homes (1,500 people) per day in Rwanda. Rwanda is leapfrogging into the future of energy with such.... Read more »

Posted on : Tuesday , 21st February 2017

Rwanda: UN Launches New Scheme to Empower Rural Women

The UN Food and Agriculture Organization (FAO) has launched a new initiative to support and empower rural women across the country. The organisation last week launched the second phase of Rural Women Economic Empowerment (RWEE) project to help accelerate economic empowerment for women. The $400,000 (about Rwf330m) project is a programme implemented by the World Food Programme (WFP), International Fund for Agricultural.... Read more »

Posted on : Tuesday , 21st February 2017

Tanzania: Opposition Asks for Increased Agri Budget to Combat Food Shortage

Dar es Salaam — The opposition Alliance for Change and Transparency (ACT-Wazalendo) yesterday advised the government to increase the budget for agriculture inputs and irrigation projects to combat food shortages in the country. The party faulted the government for slashing agricultural input subsidy from Sh78 billion in 2015/16 to Sh10 billion in the current financial year. ACT-Wazalendo Secretary for Social Development.... Read more »

Posted on : Tuesday , 21st February 2017

Kenya: Global Oil Refiners Show Interest in Kenyan Crude Samples

Kenya has delivered crude samples from oil wells in Turkana to Asian and European refiners to assess the market before a pilot export scheme starts this June. The government said the samples from the South Lokichar basin in northwestern Kenya were low in sulphur content, making the oil easier to refine. "European and Asian refineries have been receptive to our oil since it has low sulphur content. I cannot disclose the.... Read more »

Posted on : Monday , 20th February 2017

Kenya: Nairobi Firm to Build $70 Million Solar Park with Battery Storage Capacity

A Nairobi-based company is set to construct Kenya’s first large-scale solar energy storage battery to be connected to the national power grid. Xago Africa is conducting feasibility studies for the back-up batteries with assistance from American investors after submitting an expression of interest at the Energy ministry. This came after completion of studies for construction of the 40-megawatt solar power.... Read more »

Posted on : Monday , 20th February 2017

Tanzania: Govt Urges Indian Pharmaceutical Firms to Setup Shop in Tanzania

Dar es Salaam — The government has urged pharmaceutical firms from India to set up factories in the country to cut importation costs. The call was made yesterday in Dar es Salaam during a business meeting with a delegation of 30 representatives of Indian companies touring the country. Speaking during the meeting, Medical Stores Department (MSD) director general Laurean Bwanakunu said the government was spending at least.... Read more »

Posted on : Monday , 20th February 2017

Rwanda: Construction of $73 Million Kigali Cultural Village Begins

The construction of the Kigali Cultural Village has finally started, several years on. Heavy machines are on the ground preparing for what promoters, say will be a living museum meant to preserve and display Rwanda’s cultural heritage. “The project has four phases and the first, which is fully funded by the government has kicked off,” said Belise Kariza, the chief tourism officer at Rwanda Development Board, which is.... Read more »

Posted on : Monday , 20th February 2017

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