Market News Page No. 243| Africa Business News

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

Global industry needs to continue embracing green approach: UNIDO chief

Global industry needs to continue embracing a green approach and not repeat old ways, Li Yong, the chief of UN Industrial Development Organization (UNIDO) told Xinhua in an interview. On the occasion of UNIDO's 50th anniversary, Director General Li Yong said his focus was promoting the industrialization of developing countries to achieve goals set in the UN 2030 development agenda. "Now the new mandate of UNIDO is.... Read more »

Posted on : Thursday , 24th November 2016

Why real estate is the best performing asset class

Some analysts have previously said there is a bubble in Kenyan real estate sector. But when will it burst? Business Beat spoke to Cytonn Investments Chief Investment Officer Elizabeth Nkukuu, who paints a different picture saying real estate is the best performing asset class delivering on average a return of 25 per cent. Real Estate seems to be the primary investment solution Cytonn is offering, why? Real estate has been one of the best.... Read more »

Posted on : Thursday , 24th November 2016

Kenya: Pioneer Brings New Line of in-Vehicle Audio Experience to Kenya

Pioneer Electronics, a leader in after market car electronics has introduced a new range of in-vehicle infotainment products in Kenya. According to the company, this move will enhance motorists experience and further boost its market share. The new products include two new AV recievers aimed at enhancing in-vehicle connectivity and entertainments. Also announed are in-car recievers based on new hardware platforms to enable more.... Read more »

Posted on : Thursday , 24th November 2016

Tanzania to Benefit from USD194m EAC-US Grant Agreement

The US will grant USD194m to the East African Community (EAC) to improve regional integration in the EAC member states, which include Tanzania, Burundi, Kenya, Rwanda, Uganda, and South Sudan. The grant agreement was signed by representatives of the US Agency for International Development (USAID), on behalf of the US Government, and the EAC, at the EAC headquarters in Arusha, Tanzania on November 16th, 2016. Under this agreement, the EAC.... Read more »

Posted on : Thursday , 24th November 2016

Rosatom to revolutionise Africa�s construction Industry with 3D modeling

Russia’s state atomic energy corporation, Rosatom, through its key engineering division ASE Group of Companies has signed a three-year agreement with Dassault Systèmes, the world leader in 3D design software, to allow Multi-D systems to be deployed across the African continent, where emerging countries like Ghana, Kenya and Nigeria are developing complex projects. The MoU was signed at the third International Conference on.... Read more »

Posted on : Thursday , 24th November 2016

Six bright ideas lighting up Africa from the grassroots

While countries such as Morocco, which hosts the world’s biggest solar photovoltaic plant, are ready to embrace the power of large-scale renewables, solar technologies still lag behind in many African regions. Unpredictable subsidies, poor installations and lack of training on how to maintain the solar panels have hindered the spread of solar. Rural areas in sub-Saharan Africa are peppered with broken solar panels, often not.... Read more »

Posted on : Wednesday , 14th December 2016

Africa: Rural Job Creation Holds the Key to Development and Food-Security Goals

Ibadan — Harvesting the benefits of core agricultural research, which often bears on improved crop varieties and plant diseases, increasingly depends on the social and economic conditions into which its seeds are sown. It is a sign of the times that Kanayo F. Nwanze, the president of the International Fund for Agricultural Development who started off as a cassava entomologist when ITTA posted him to Congo in the 1970s, was.... Read more »

Posted on : Thursday , 24th November 2016

South Africa�s wind industry blows hot

South Africa has made huge strides towards creating a more renewable energy sector in a very short time, with an emphasis on wind power. Prior to 2015, South Africa was predominantly powered by thermal energy, in particular relying on coal plants. “Thermal power accounted for 87% of the total power installed capacity in South Africa in 2015,” explains GlobalData analyst Pavan Vyakaranam. “In terms of electricity.... Read more »

Posted on : Thursday , 24th November 2016

Africa�s mining markets show momentum for investors

It seems almost as if there are two parallel economic worlds right now. In the developed economies, commentators and policymakers are bouncing from one moment of turbulence to another (the latest being Brexit) – whilst Africa undergoes structural, industrial and economic change. Africa’s policymakers and regional bodies have moved quickly to find new funding avenues to support industrial growth and drive socio-economic.... Read more »

Posted on : Thursday , 24th November 2016