Market News Page No. 233| Africa Business News | Afrotrade

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East Africa: China Pledges Support for Tanzania's Industrialisation Drive

Dar es Salaam — China has pledged more development support for Tanzania to enable the country meet targets set in the 2016/20 National Development Plan and achieve the ambition to build the industrial economy. The Chinese minister of Foreign Affairs, Mr Wang Yi, issued the promise during official talks with his Tanzanian counterpart, Dr Augustine Mahiga in the city. Mr Yi had paid a day-long official visit. He said, China.... Read more »

Posted on : Wednesday , 11th January 2017

Kenya: Farmers to Get Fertiliser Next Month Ahead of Planting Season

The National Cereals and Produce Board (NCPB) has assured farmers that subsidized Diammonium Phosphate (Dap) fertilizer will be available from next month. NCPB Managing Director Newton Terer said in a telephone interview that 150,000 metric tons of fertilizer will arrive late this month, in time for the planting season that starts in February. "The three million bags have already been procured by the board and are expected to arrive.... Read more »

Posted on : Wednesday , 11th January 2017

Ethiopia: Honey Has Potential to be Major Foreign Trade Commodity

Ethiopia stands out when it comes to the number of bees in Africa. Though the nation has huge potential it has not yet benefited much. Still, it is in a traditional way the over 90 per cent of the country's honey is produced . Yes, it has been recognized that honey is a potential commodity which could generate foreign currency as much as coffee. Besides ,it is one of income generating means for Ethiopian farmers. Also, recent.... Read more »

Posted on : Tuesday , 10th January 2017

Ethiopia: JICA Training Program Helping Smallholder Farmers Improve Productivity

Agriculture is the main pillar of Ethiopian economy, contributing more than 40% share in the gross domestic product (GDP), and approximately 85% of the population labor. However, food insecurity has been a persistent problem due to climate variability and the poor performance of the agricultural sector. To address this problem, the Government of Ethiopia (GoE) has been implementing several strategies, and have given due emphasis on.... Read more »

Posted on : Tuesday , 10th January 2017

Tanzania: Investing in Irrigation Key to Food Security

The spectre of famine is threatening Tanzania. However, this should not have come as a surprise as climate change has been sweeping across the world, yet we pretended to be immune and stuck to the business of yore of depending on rainfed agriculture. Many Tanzanians are waiting for rain with bated breath as drought has left land unfit for farming. Crops have failed and livestock died for lack of pasture. Drought has scorched a.... Read more »

Posted on : Tuesday , 10th January 2017

East Africa: Grow and Earn From Coffee Faster

It is no longer really true that growing Robusta coffee is a prerogative for the patient farmers that can afford to wait several years after planting before they can harvest the crop and begin earning money, according to Matia Ssengooba the proprietor of Ssemanja Coffee Nursery in Rakai District. He says that if intending coffee farmers take time to find the right plantlets, it takes them much shorter to start harvesting the crop and.... Read more »

Posted on : Tuesday , 10th January 2017

Tanzania: Zanzibar Brands its Cloves, Other Spices to Boost Exclusivity

SPICES grown in Zanzibar, including cloves, are set to increase their competitiveness in the world market following the inauguration of its branding under the name 'Zanzibar Exotic Original.' Isles President Ali Mohamed Shein graced the inauguration of the branded spices, noting that Zanzibar cloves remain the world's best, asking the people to maintain the standard. "We took the best decision not to privatise cloves; it.... Read more »

Posted on : Tuesday , 10th January 2017

Tanzania: Gold Mining Firm Top Gainer on Dar Stock Exchange

ACACIA mining was the top gainer in Dar es Salaam Stock Exchange (DSE) last Friday as the market continued with a bear run. According to market report, shares of the gold mining company gained by 7.13 per cent after closing the day trading at 10,820/- up from 10,100/-. The top movers CRDB Bank, which had 1,614,966 shares traded at weighted average price of 215/- per share in 82 deals down from 250/- on opening of trading in.... Read more »

Posted on : Tuesday , 10th January 2017

Tanzania: Govt Still Keen on Uranium Mining at Mkuju

Energy and Minerals Minister Sospeter Muhongo has blamed some foreign countries for trying to thwart efforts by Tanzania to undertake the ambitious uranium mining at the Mkuju River Project in southern part of the country. "We are not the first country to engage on mining of uranium; it should be noted as well that all big economies in the world are in demand of the heavy metal for power generation, weapons and for use in health.... Read more »

Posted on : Tuesday , 10th January 2017

Ethiopia: High Speed Rail Link Between Addis and Djibouti Officially Completed

The completion of the Addis Ababa-Djibouti Railway, a new 752km track linking Ethiopia’s capital with the Port of Djibouti, was officially marked today at a ceremony at Nagad Railway Station in Djibouti. In the presence of Djibouti’s President, His Excellency Ismail Omar Guelleh, and Ethiopia’s Prime Minister, His Excellency Hailemariam Desalegn, and senior officials from across the region, the new railway linking.... Read more »

Posted on : Tuesday , 10th January 2017

Tanzania: Zanzibar Gets its First Ever Milk Processing Factory

Zanzibar — President Ali Mohamed Shein has officially opened 'Zanzibar's only' milk processing factory named 'Azam Diary' expressing concern over low milk consumption in the islands. "People should be encouraged to drink milk. It is unfortunate that Zanzibar remains of the countries with lowest milk consumption. Let us change this trend," Dr Shein said here at the opening of the Azam Dairy Production Limited.... Read more »

Posted on : Tuesday , 10th January 2017

Tanzania: TPSF Pushes Govt to Act Towards New Industrial Parks

Private sector players in the country have appealed to the government to amend the Special Economic Zone Act and the Tanzania Investment Act to enable the country set up modern industrial parks to attract more investments, particularly from China. The Executive Director of the Tanzania Private Sector Foundation (TPSF), Mr Godfrey Simbeye, made the call in Dar es Salaam yesterday ahead of one-day working visit by China's Foreign Affairs.... Read more »

Posted on : Tuesday , 10th January 2017

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