Market News Page No. 213| Africa Business News | Afrotrade

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Kenya: KAA Seeks $290 Million for Upgradation of Airports

The Kenya Airports Authority (KAA) is seeking a Sh29 billion loan from the World Bank to finance the upgrade of the country's airports. Under an initiative dubbed Kenya Aviation Modernisation Project, KAA said yesterday it plans to use part of the proceeds to improve passenger terminal capacity at the Jomo Kenyatta International Airport (JKIA) in Nairobi as well as boost its management systems. The move comes nearly a year.... Read more »

Posted on : Wednesday , 25th January 2017

Kenya to Get Better Trade Deals From UK Post Brexit

Kenya should expect better deals with the United Kingdom once the country completes the process of exiting from the European Union, UK High Commissioner to Kenya Nic Hailey has said. Mr Hailey said with reduced restrictions that come with membership in a trade bloc like the EU, Britain would negotiate better and lucrative agricultural produce deals with Kenya. "Once the process of exiting is complete, the UK will negotiate.... Read more »

Posted on : Wednesday , 25th January 2017

Kenya: New Irrigation App to Reduce Crop Losses, Water Wastage

Kunene — System isn't cheap - but for one farmer it has cut crop losses from drought from 70 percent to 10 percent Dressed in brown overalls, gumboots and a hat, John Njeru kneels and scoops up a handful of soil at his small farm in central Kenya, where he grows tomatoes, spinach and carrots. "Not only has there not been enough rain in the past few months, it's also been unevenly distributed," he said, picking.... Read more »

Posted on : Wednesday , 25th January 2017

Tanzania: TPSF to Establish Turkey-Tanzania Business Secretariat

The Tanzania Private Sector Foundation (TPSF) has embarked on procedures to form a secretariat for the Business Council between Tanzania and Turkey at a high pace following President John Magufuli's directive to fast-track stronger trade relations between the two countries. The Business Council came to fruition during the Tanzania-Turkey Trade Forum after the business community from both countries signed the Memorandum of Understanding.... Read more »

Posted on : Wednesday , 25th January 2017

Tanzania: President to Launch Dar Bus Rapid Transit Operations

Dar es Salaam — President John Magufuli is scheduled to launch the operations of the Dar es Salaam Bus Rapid Transit which was financed by the World Bank through the Second Central Transport Project (CTCP2). The event will take place during the tour of the WB vice president for Africa Region, Dr Makhtar Diop, who is expected in the country today for a three day visit. The WB vice president will also hold high level.... Read more »

Posted on : Wednesday , 25th January 2017

Ethiopia: Road Construction Spree to Continue

The latest six-month report released by the Ethiopian Roads Authority (ERA) revealed that it spent over nine billion Birr to construct roads in the past six months. This accounts for close to one-fifth of the budget allocated for the current fiscal year. There are 13 new projects that will be launched in 2017. The original plan was to spend 13 billion Br to construct roads, award new road projects and execute on-going road projects. The.... Read more »

Posted on : Wednesday , 25th January 2017

NHC Strengthens Strategic Support For BUILDEXPO 2017

National Housing Corporation (NHC) Tanzania will be the main supporting partner at the 20th BUILDEXPO Tanzania, the largest and most successful building and construction show in East Africa, taking place at the Mlimani City Conference Centre (MCCC) Dar es Salaam, Tanzania from the 10th to 12th August, 2017. The National Housing Corporation is the outcome of the decision of the Government to dissolve the Register of building (RoB) through Act of.... Read more »

Posted on : Wednesday , 25th January 2017

Turkey, Tanzania Look to Increase Trade Volume to U.S.$1 Billion

Tanzania and Turkey yesterday inked ten Memorandums of Understanding (MoUs) to substantially increase trade volume among themselves to at least one billion US dollars (over 2tri/-) in the next few years. Expectations were especially high at the afternoon Tanzania-Turkey Trade Forum at the Bank of Tanzania (BoT) conference centre, after President John Magufuli had earlier hosted his Turkish counterpart Recep Tayyip Erdoğan at State.... Read more »

Posted on : Wednesday , 25th January 2017

Tanzania: Turkish President's Visit Opens Trade Doors Between Both Nations

Turkish President Recep Tayyip Erdogan's two-day visit to the country is a powerful symbol of relationship between the two countries. Mr Erdogan jetted into the country on Sunday along with a delegation of representatives from the Turkish business community. The delegation included more than 150 traders and other government officials. His visit demonstrates the gains and positive changes in the business relations between Tanzania and.... Read more »

Posted on : Wednesday , 25th January 2017

Tanzania: President Magufuli Requests Turkish Investment in Railway Project

President John Magufuli yesterday asked the Turkish government to provide a concessional loan for the construction of at least 400 kilometre-stretch of the envisaged standard gauge central railway. President Magufuli as well revealed that a Turkish company was among the short-listed contractors that had bid for implementation of the multitrillion shilling project that covers over 1,200 kilometres from Dar es Salaam to.... Read more »

Posted on : Wednesday , 25th January 2017

Rwanda Invitation: Indian Exporters Look to Increase Trade with East African Nation

The maiden visit of Rwanda President Paul Kagame to India has opened up a new avenue for Indian businesses and exporters. Speaking at the 8th Vibrant Gujarat Summit, a global business forum in India, President Kagame urged increased private sector investments from India, highlighting Rwanda as a competitive and conducive environment to do business with a favourable climate for investments. The summit witnessed the signing of a number of key.... Read more »

Posted on : Tuesday , 24th January 2017

Rwanda Invitation: Indian Exporters Look to Increase Trade with East African Nation

The maiden visit of Rwanda President Paul Kagame to India has opened up a new avenue for Indian businesses and exporters. Speaking at the 8th Vibrant Gujarat Summit, a global business forum in India, President Kagame urged increased private sector investments from India, highlighting Rwanda as a competitive and conducive environment to do business with a favourable climate for investments. The summit witnessed the signing of a number of key.... Read more »

Posted on : Tuesday , 24th January 2017

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