Market News Page No. 242| Africa Business News | Afrotrade

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gridComm, Somerset Group Bring Smart Street Lighting Sensory Network to Africa

gridComm, a leader in smart street light solutions and IoT sensor networks, and civic-minded investment firm Somerset Group have partnered to install smart street lighting sensory networks across the Kingdom of Swaziland. A developing country with a small economy, Swaziland -- a member of the Southern African Customs Union (SACU) and Common Market for Eastern and Southern Africa (COMESA) -- is flanked by the Republic of South Africa and.... Read more »

Posted on : Friday , 25th November 2016

Mpact Plastics FMCG division, leading producer of rigid plastic packaging in SA

This multifaceted business, which ranks among the top players in South Africa’s multi-billion-rand plastics packaging sector and serves a multitude of blue-chip customers, manufactures a range of packaging products for the food, beverage, personal care, homecare, pharmaceutical, agricultural and retail markets, primarily in South Africa. Raw materials are sourced from a number of South African and international suppliers. In.... Read more »

Posted on : Friday , 25th November 2016

Kenya's Development Agenda on Track, Says Chinese Envoy

Nairobi — The Chinese Government has expressed confidence in the country's development agenda saying the nation has made major strides in infrastructure development. Speaking Monday during an award ceremony of 20 scholarships to University of Nairobi students drawn from various disciplines, Chinese ambassador to Kenya Liu Xianfa lauded the efforts made by the Jubilee Administration in connecting the country to the national.... Read more »

Posted on : Friday , 25th November 2016

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

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