Market News Page No. 215| Africa Business News | Afrotrade

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Ethiopia: Upgrade of Agri-Technology Vital to Keep Growth Going - Ministry

The Ministry of Agriculture and National Resources underscored the need for improving agri-technology to meet the goal of 594 million quintals crop production by end of GTP II. Speaking at annual Agriculture and Mechanization Day Wednesday, Minister Dr. Iyasu Abreha highlighted that the sector is playing the role of ensuring food security and catapulting the country's effort to industrialize its economy and join middle income.... Read more »

Posted on : Saturday , 4th March 2017

Kenya: Agri Insurance Uptake to Increase as Premiums Likely to Drop

Uptake of agriculture insurance in East Africa is expected to increase with the anticipated drop in premiums following the launch of a risk-sharing facility. The risk-sharing facility by the Global Index Insurance Facility (GIIF) and African Reinsurance Corporation (Africa Re) is aimed at encouraging regional underwriters to create affordable insurance products. GIIF is a multidonor trust fund managed by the World Bank with.... Read more »

Posted on : Saturday , 4th March 2017

Kenya: Country Hoping for Talks With President to End Doctors' Strike

Kenyans are hopeful President Uhuru Kenyatta's meeting on Thursday with the heads of the Catholic and Anglican churches and doctors' union leaders will put an end to the misery caused by the 88-day-old doctors' strike. The Nation has exclusively learned that the crisis meeting, which will be held at an undisclosed location in Nairobi, will bring together the President, Catholic Archbishop John Cardinal Njue, his Anglican counterpart.... Read more »

Posted on : Friday , 3rd March 2017

Tanzania: Joy as HESLB Approves 2300 Student Loans

About 2,348 students from higher learning institutions in the country have every reason to smile after the Higher Education Students' Loans Board (HESLB) granted them with loans through an appealing window. According to a statement from HESLB, 20,020 appeals were received online out of which 17,020 with all requisite documents were received from various higher learning institutions. "A thorough verification process of all.... Read more »

Posted on : Friday , 3rd March 2017

Kenya: BORAQS to Issue Smart Cards for Genuine Architects, Quantity Surveyors

Kenyans will soo be able to tell genuine architects and quantity surveyors from fake ones by asking them to produce a smart card to be issued by their regulator, the Board of Registration of Architects and Quantity Surveyors (BORAQS). Speaking at the launch of BORAQS' first strategic plan on Monday this week, Ms Aidah Munano, the Principal Secretary in the Department Housing and Urban Development, expressed concern that unregistered.... Read more »

Posted on : Friday , 3rd March 2017

East Africa: Officials From Kenya, Uganda Travel to China to Seek SGR Funding

Finance ministers from Kenya and Uganda are set to travel to China at the end of this month to negotiate financing for the construction of a cross-border railway. In a move that would transform the East African infrastructure landscape, the delegation - which will include the transportation ministers of both countries - will present proposals to the China Export Import Bank, an institution that has largely financed similar big projects.... Read more »

Posted on : Friday , 3rd March 2017

Kenya: East Africa's Largest Industrial Solar System Installed At Salt Factory

Commercial, industrial and residential solar provider SolarAfrica has commissioned one of Kenya’s largest solar hybrid systems in Malindi, in East Africa. The 991kWp system is a PV-diesel hybrid project developed for Kenyan salt producer Krystalline Salt. The system will generate 1.6GWh of clean electricity annually, saving Krystalline around 22% of its electricity costs. The project was developed in collaboration.... Read more »

Posted on : Friday , 3rd March 2017

East Africa: Isuzu Buys 57.7 Percent Stake in General Motors East Africa

Japanese automaker Isuzu Motors Limited has bought out General Motors’ 57.7 per cent stake in General Motors East Africa (GMEA) for an undisclosed sum. The transaction will see the motor dealer change its name to Isuzu East Africa in April to reflect the change of control. Most of the dealer’s sales are bus, pick-ups and truck brands of the Japanese multinational whose status shifts from a vehicle supplier to an.... Read more »

Posted on : Friday , 3rd March 2017

East Africa: Utility Companies Urged to Give Incentives for Solar Use to Encourage Clean Energy

East African Community's utility companies should consider paying individuals a fee for the solar power they consume to encourage more investments in clean energy. While the grid parity -- the threshold between the hydroelectricity and solar tariff -- has narrowed with the dramatic fall in the prices of solar panels on the global market, the region has not fully seized this opportunity. The operationalisation of net metering.... Read more »

Posted on : Thursday , 2nd March 2017

Kenya: UK Mining Firm Discovers Gold Worth $1.7 Billion in Kakamega

A UK firm has announced the discovery of high-grade gold at its mines in Kakamega County. Acacia Mining said yesterday that it had discovered an estimated resource of 1.31 million ounces of gold at its mines in the Liranda Corridor in Kakamega, whose grade, Acacia added, is one of the highest in Africa. Mining Cabinet Secretary Dan Kazungu estimates the discovery could be valued at Sh171 billion ($1.65 billion). The.... Read more »

Posted on : Thursday , 2nd March 2017

East Africa: EALA Proposes Introduction of Contraceptives for Children

Kampala — The East African Legislative Assembly (Eala) has drafted a Bill seeking to introduce contraceptives for children and teenagers aged between 10 and 19. The Bill dubbed the EAC Sexual Reproductive Health and Rights (SRHR), Bill 2017, if passed into law will bind the East African Community member states to provide contraceptives to all EAC citizens including children. The Bill also seeks to legalise.... Read more »

Posted on : Thursday , 2nd March 2017

Kenya: As Nairobi Booms, Over 7500 New Millionaires Expected in 9 Years

Kenya has been tipped to create at least 7,500 new dollar millionaires in the next nine years as Nairobi grows to be among the most preferred cities in the world for investment. A significant rise in the number of millionaires (those with at least Sh100 million each, excluding their residential homes) and that of ultra-high-net-worth individuals (those with at least Sh3 billion) is expected in Mauritius, Ethiopia, Tanzania, Uganda,.... Read more »

Posted on : Thursday , 2nd March 2017

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