Market News Page No. 230| Africa Business News | Afrotrade

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Exploration Activities in East Africa to Rise in 2017 as Global Prices Recover

Oil and gas exploration activities in East Africa are expected to rise in 2017 as global confidence in the sector increases with improving prices. London-based Wood Mackenzie (Woodmac) energy, metals and mining consultancy firm, expects a resurgence of activities in the region, as explorers create more value by drilling wells when crude oil prices on the international market begin to rise. Crude prices had risen to $53.24 per.... Read more »

Posted on : Thursday , 22nd December 2016

East Africa: As Global Prices Recover, Oil & Gas Explorations Set to Increase in 2017

Oil and gas exploration activities in East Africa are expected to rise in 2017 as global confidence in the sector increases with improving prices. London-based Wood Mackenzie (Woodmac) energy, metals and mining consultancy firm, expects a resurgence of activities in the region, as explorers create more value by drilling wells when crude oil prices on the international market begin to rise. Crude prices had risen to $53.24 per.... Read more »

Posted on : Thursday , 22nd December 2016

East Africa Leads the Way in Post-Harvest Loss Reduction

East Africa Region is expected to hold Postharvest Technology congress next year to address and reduce the level of loss that account for more than 30 per cent of the food produced for human consumption. The Inter Region Economic Network (IREN), Chief Executive Officer Mr James Shikwati said the first ever 'East Africa Postharvest Technology' congress and challenge will be held in Nairobi, Kenya toward the end of next year's quarter.... Read more »

Posted on : Thursday , 22nd December 2016

Horticulture Projects Have Potential

Maun — North West councillors have been implored to encourage farmers to conduct horticultural projects in a commercial way. They were informed that although the district had a reasonable substantial amount of surface water, it continued to be one of those not doing enough in horticulture. Council chairperson, Mr Reaboka Mbulawa told councillors that the district had a total of 48 operational projects out of 60 allocated. He said.... Read more »

Posted on : Thursday , 22nd December 2016

Tanzania: Promising Power Transmission Projects in the Pipeline

Dodoma — The Tanzania Electric Supply Company (Tanesco) is mulling over a number of power transmission projects, which would enable the country to have a power transmission ring. The National Power Backbone project coordinator, Mr Khalid James, said here yesterday that the scheme would involve connecting the southern regions of Lindi and Mtwara in the national power grid. Mr James elaborated that the transmission network.... Read more »

Posted on : Thursday , 22nd December 2016

Largest Jaguar land rover dealer opens in SA

Sandton is now home to the newest and largest Jaguar Land Rover retailer in South Africa. The all-new, "state-of-the-art" facility is the latest milestone in the company's continued expansion of its national network. Jaguar Land Rover Sandton is situated at 161 Rivonia Road, one of the major arterial routes to the financial capital. Customers in Johannesburg’s affluent northern suburbs will now find both the Jaguar and.... Read more »

Posted on : Thursday , 22nd December 2016

Tanzania: 10 Districts to Get Modern Court Buildings

Sumbawanga — Chief Justice Mohamed Chande Othman said here that the 12.3bn/- given to the judiciary by President John Magufuli for building and rehabilitating courts has enabled ten districts to have modern buildings. The Chief Justice revealed this when he met Rukwa Regional Commissioner (RC) Zelothe Steven and when he addressed court senior workers from Rukwa and Katavi regions during a meeting held here. He said the ten court.... Read more »

Posted on : Wednesday , 21st December 2016

Saudi Arabia Keen On Energy Deals with Ethiopia

A Saudi Arabian delegation visited GERD and received briefings on the construction of the dam. A high-level Saudi delegation visited the Grand Ethiopian Renaissance Dam (GERD) during its three-day state visit to Ethiopia and received updates by Project Manager Eng. Simegnew Bekele. The delegation, led by the Royal Kingdom of Saudi Arabia Court senior Advisor and Saudi Development Fund Board Chairperson Ahmed Alkhateeb, had.... Read more »

Posted on : Wednesday , 21st December 2016

Rwanda: Manufacturing Sector to See 30% Growth

The following five years will see the manufacturing sector grow by 30%, the Chairperson of the Private Sector Federation, Benjamin Gasamagera, has said. Gasamagera, who was talking at the opening of the second edition of Made-in-Rwanda show at Expo Grounds in Gikondo, recommended that for Rwandan products to be more competent, a few more measures need to be taken. "The Government should give Made-in-Rwanda.... Read more »

Posted on : Wednesday , 21st December 2016

Rwanda: Blueprint Ready for Vision 2050 - Govt

One of the resolutions adopted during last year’s 13th edition of the National Dialogue Council (Umushyikirano) was to chart a new development plan, dubbed ‘Vision 2050,’ that would propel the country to socio-economic self-reliance. And, according to Prime Minister Anastase Murekezi, the Government has already drafted the key elements for the vision. The plan will be about building on the achievements of the.... Read more »

Posted on : Wednesday , 21st December 2016

Rwanda: Inflation Rate Drops to 6.4% in November

The National Institute of Statistics of Rwanda (NISR) monthly consumer price index (CPI) indicated that Rwanda's inflation rate eased to 6.4 per cent year on year in November, from 7.4 per cent recorded the previous month. Rwanda uses CPI to measure the average change over time of goods and services bought by households. The report shows that foodstuff prices were the main drivers of inflation during November, especially.... Read more »

Posted on : Wednesday , 21st December 2016

Rwanda: Inflation Rate Drops to 6.4% in November

The National Institute of Statistics of Rwanda (NISR) monthly consumer price index (CPI) indicated that Rwanda's inflation rate eased to 6.4 per cent year on year in November, from 7.4 per cent recorded the previous month. Rwanda uses CPI to measure the average change over time of goods and services bought by households. The report shows that foodstuff prices were the main drivers of inflation during November, especially.... Read more »

Posted on : Wednesday , 21st December 2016

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