Market News Page No. 239| Africa Business News | Afrotrade

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Tanzania to develop multi-million dollar water project with China

Construction of an over TZS 600bn water project to cater for an industry boom in Mtwara Region is scheduled to start this financial year, the government affirmed on Tuesday 1 November, reports the Tanzania Daily News.. Upon completion, the project which is expected to consume USD 281m (about TZS 604bn) will supply the region with 120m litres daily from Ruvuma river, according to the Permanent Secretary (PS) in the Ministry of Water and.... Read more »

Posted on : Friday , 25th November 2016

India-made Suzuki Baleno launches in South Africa in 3 variants

The second India-made hatchback that went into the South African market place this month is the Suzuki Baleno. The car made its world debut at the 2015 Frankfurt Motor Show, and ever since has been exploring Europe, Asia and Oceania. Over 100,000 units of the car have been produced over the last year. Charl Grobler, manager of sales and product planning of Suzuki Auto South Africa says the Baleno is “ideal for individuals.... Read more »

Posted on : Friday , 25th November 2016

Kenya: Brookhouse Starts Building Its Second Campus in Nairobi

Brookhouse School has kicked off construction of its second Kenyan campus in a multi-million shilling expansion project, which will double the institution's student capacity from the current 800. The high-end school in Runda, which will offer education from kindergarten to secondary school, has started accepting bookings ahead of its projected September 2017 opening. "We began construction last month and we expect to.... Read more »

Posted on : Friday , 25th November 2016

Africans Seeking Health-Care in India Draw Hospitals to Kenya

Cash-rich Indian hospital groups such as recently listed Narayana Hrudayalaya Ltd. are setting up operations in Africa to tap a growing stream of middle class patients from the continent seeking quality health-care. With financing from Abraaj Group’s Africa Health Fund and the International Finance Corp., the Mumbai-listed group is partnering with Kenyan investors and will break ground on a 130-bed specialist cardiac hospital in the.... Read more »

Posted on : Friday , 25th November 2016

The State of Energy in Africa

Africa: a continent of vast natural resources is a continent woefully short of electricity. According to Mckinsey Global Institute's February 2015 report "Brighter Africa The growth potential of the Sub-Saharan electricity sector", access to electricity and the ability to consume electricity are two of the most crucial metrics that indicate the degree to which the power sector is supporting national development and the economic.... Read more »

Posted on : Friday , 25th November 2016

Tesvolt and Africa Green Tec to provide solar power to 250,000 Malians

Reliable storage system partner for development project Torsten Schreiber, Founder and Managing Director of Africa Green Tec, says: “For our project in Mali, we needed a reliable supplier of high-performance energy storage systems. Tesvolt shares our commitment to the decentralised, green and reliable provision of energy. And they already have a great deal of experience with the established inverter technology of the global.... Read more »

Posted on : Friday , 25th November 2016

India and Japan look to African oil and gas for energy security

Dr Anil Bhandari, an independent consultant and former director of exploration for ONGC, said that India currently produces 2.3 per cent of the world's total energy but 17 per cent of its crude oil imports, essential for meeting energy security needs across multiple sectors, come from Africa. Additionally, Angola and Nigeria are leading exporters of gas to India. India is also investing in hydrocarbons projects elsewhere on the continent,.... Read more »

Posted on : Friday , 25th November 2016

Australian Company Granted License for Chilalo Graphite Project

The Tanzanian Ministry of Energy and Minerals recently granted a 10-year mining license to Australian resource company Graphex Mining (ASX:GPX) for the Chilalo graphite project in south-east Tanzania. The mining license has been granted for a period of 10 years and covers an area of 10sq. km (the Shimba graphite deposit at Chilalo). Phil Hoskins, Managing Director of Graphex, said: “Securing the mining license is a significant step.... Read more »

Posted on : Friday , 25th November 2016

Tanzania: Fertiliser Price Regulation Step in Right Direction

Agriculture is the mainstay of the Tanzanian economy, employing about 72 per cent of the workforce and contributing up to 80 per cent of export earnings and over 90 per cent of all food requirements. Low productivity and poverty are two glaring features of the sector which is dominated by small-scale farmers and is mainly rain-fed and therefore, vulnerable to weather vagaries. It is difficult to tell exactly what comes.... Read more »

Posted on : Friday , 25th November 2016

How Africans view Chinese investment

Strategic collaboration with Africa has become a priority in the global North, East, and West. Powers that once saw the African continent primarily as a source of raw materials now focus on “partnership” and “development,” following the lead of the U.S. African Growth and Opportunities Act (AGOA) in highlighting mutual benefits of investment and trade. China, in particular, has rapidly increased its ties to the.... Read more »

Posted on : Thursday , 24th November 2016

Retired Kenilworth dentist gets help to improve Ethiopian dental clinics

A retired Kenilworth dentist who set up dental clinics in Ethiopia two years ago is now receiving help to improve them from her financial mutual. Jane Innes-Rees has helped set up a university dental unit in the city of Mekelle and clinics in rural areas of the Tigray region since 2014, one of the worst affected areas hit by the famine and civil war in the 1980s. Jane is a member of financial mutual Wesleyan, and.... Read more »

Posted on : Thursday , 24th November 2016

Fresh-baked ideas and packaging for SASKO flour

Just Design uses their packaging expertise to build on the successful SASKO bread upgrade, leveraging the brand's position across the local retail space. Big brands often face the challenge of balancing longstanding history and recognition with trying to remain relevant for modern consumers. When it comes to flour in South Africa, there are a few big names that dominate the category. They all have heritage. So, how could SASKO.... Read more »

Posted on : Thursday , 24th November 2016

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