Market News Page No. 244| Africa Business News | Afrotrade

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Kilifi County signs investment deals worth Sh300b

Entrepreneurs will put in Sh300 billion in investments in Kilifi County following the conclusion of the inaugural Kilifi International Investment Conference which ended on Friday. The deals are not inclusive of the Sh100 billion Centum Investment Limited committed earlier for the construction of an industrial park at Vipingo in Kilifi South. “The Sh300 billion deals signed here today is a vote of confidence for Kilifi County as an.... Read more »

Posted on : Wednesday , 23rd November 2016

Kenya, Sudan sign oil and mining pacts

Kenya and Sudan have signed agreements to deepen collaboration in oil and mining industry. Hence, Kenya is poised to gain from the agreements as Sudan has made strides in both sectors. Sudan is an established oil exporting country and has also made progress in mineral business with the government owned Sudan Gold Refinery in Khartoum producing 80 tonnes of pure gold in the last one year. President Uhuru Kenyatta.... Read more »

Posted on : Wednesday , 23rd November 2016

Kenya Vehicle Manufacturers steps up assembly of Hyundai light trucks

NAIROBI, KENYA: Kenya Vehicle Manufacturers (KVM) has stepped up the assembly of Hyundai light trucks for CICA Motors, the distributor for Kenya. To meet the demand for three and five tonne trucks. The assembly of Hyundai light trucks by KVM commenced early in 2012 after an intensive training programme, followed by checks and tests by KVM quality controllers and trainers from Korea. Technical audit teams from Hyundai Motor Company.... Read more »

Posted on : Wednesday , 23rd November 2016

South African aluminum firm to build 90-job manufacturing plant in Henderson

Henderson County can expect 90 new jobs in the community possibly as soon as the end of 2017. And, according to one official, that's just the start. Hansens Aluminum LLC , a company based out of South Africa, announced Thursday that they plan to build an $18.4 million manufacturing facility at the Henderson County Riverport. "We're trying to open up to a broader market by being in Henderson," said Jared Pudney,.... Read more »

Posted on : Wednesday , 23rd November 2016

South Africa: MEC Ismail Vadi Launches Roads Construction Project in Bronkhorstspruit

R80 million roads construction project launched in Bronkhorstspruit Gauteng MEC for Roads and Transport, Ismail Vadi, today launched an R80 million roads rehabilitation project between Bronkhorstspruit and Ekangala in the City of Tshwane. Vadi said that the D670 road carries heavy traffic volumes, particularly coal trucks running between various mines and power stations. As a result, the road condition has deteriorated.... Read more »

Posted on : Wednesday , 23rd November 2016

Solar power: Best alternative to light up rural Africa

With a solar panel installed on the roof of his house, it now illuminates his nights and feeds power to his radio and television. Bernard believes the answer to the electrical demand for millions of African homes can come from solar power, which still represents less than 5% of the energy sources of the African electricity networks. This number however continues to grow. Several African countries have embarked on.... Read more »

Posted on : Wednesday , 23rd November 2016

Medical training in east Africa gets a boost with new GE healthcare

Healthcare in East Africa received a major boost with the recent inauguration of a new $13-million training institute in Nairobi, Kenya. Around 10,000 healthcare professionals from Kenya and other East African countries over the next five years will benefit from the facilities at the GE Healthcare Skills and Training Institute, officially opened in June 2016. The inauguration was attended by Dr Cleopa Mailu, Cabinet Secretary,.... Read more »

Posted on : Wednesday , 23rd November 2016

UK supports growth and development of East African oil and gas sector

LONDON, United Kingdom, -Mareeg-The discovery of oil and gas can be a defining moment for nations. Managed well, it can have a transformative impact; boosting economies and fuelling inclusive growth across the board. But without the right systems in place, a sudden boom in the extractives sector can have debilitating effects – including distorting economies and fostering conflict and insecurity. East Africa has now.... Read more »

Posted on : Wednesday , 23rd November 2016

Tanzania: Coast Steel Plant Promised Electricity

Pime Minister Kassim Majaliwa has directed the electricity contractor at the Kiluwa Steel Group factory in Coast Region to connect the industry to reliable electricity within 18 days, so that it kicks off operations immediately. Mr Majaliwa issued the directive yesterday when speaking to residents and government leaders of Coast Region who turned up at the factory located at Mlandizi. The PM made an impromptu tour at the factory.... Read more »

Posted on : Wednesday , 23rd November 2016

Fruits and tea exports from Kenya on the rise as trade volumes shrink by 3pc

Fruits and tea are emerging as money-spinning commodities in Kenya’s export market. This is according to a new report by Maersk Group, a global transport and logistics firm, titled the Maersk Group Trade Report 2016. The report for example states export volumes of avocados from Kenya to Europe and the Middle East in the first three quarters of 2016 grew by 34 per cent. “The inception of controlled atmosphere containers has.... Read more »

Posted on : Wednesday , 23rd November 2016

European Investment Bank launches of Boost Africa Initiative

Boost Africa Initiative, a unique partnership in support of innovation and entrepreneurship across Africa has been launched today in Abidjan by the European Investment Bank (EIB) and the African Development Bank (AfDB) in partnership with the European Commission. The launch ceremony took place at the Headquarters of the AfDB in Abidjan in presence of EIB President Werner Hoyer, AfDB President Akinwumi Adesina, EIB Vice-President Ambroise.... Read more »

Posted on : Tuesday , 22nd November 2016

An Enlightened Energy Solution for Rural Africa

Solar energy provider Mobisol has joined the Business Call to Action (BCtA) with a commitment to provide 800,000 people and 50,000 small businesses in Kenya with reliable access to solar energy by 2020. In the process, the Berlin-based company plans to create 150 jobs along its value chain and provide training on solar energy while reducing greenhouse gas emissions by 100,000 tons each year. Launched in 2008, the Business Call to.... Read more »

Posted on : Tuesday , 22nd November 2016

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