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

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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

Trump Government Urged to Improve Healthcare Infrastructure in Africa

With continued global technological and economic progress, now more than ever, the health security of the United States is dependent upon the health security of other nations. Today’s world is a very small place easily traversed in under 24 hours. In that short time, a virulent, vector-borne micro-organism could invade its human host, rapidly multiply, make the host ill, and infect new hosts. For the cost of an airline ticket, a.... Read more »

Posted on : Tuesday , 10th January 2017

Gibe III - Doubling Ethiopia's Power Generation Capacity

More than seven water and three wind power generators have been built in the effort the government exerted to meet the growing power demand in relation to the growing investment that has risen up with our country's growth. Out of the power generating stations Gilgel Gibe I (with 180 mega watts), Tis Abay II (with 73 mega watts), Tekeze power generator (with 300 mega watts), Gilgel Gibe II (with 420 mega watts), Beles power generator.... Read more »

Posted on : Tuesday , 10th January 2017

Tanzania: Dam Construction to Go Ahead Despite Environmental Concerns

Envisaged construction of Kidunda dam in Morogoro to supply water in Dar es Salaam will be implemented as planned despite opposition from conservationists who claim that the project will impact negatively the flow of water in Rufiji River and eventually affect flora and fauna in Selous Game Reserve. The Minister for Water and Irrigation, Engineer Gerson Lwenge, maintained yesterday that various studies had proved that the project will.... Read more »

Posted on : Tuesday , 10th January 2017

Tanzania: AfDB Funded Road Construction to Spur Growth, Development

Construction of 359 kilometer Pangale to Mpanda road to tarmac level funded by African Development Bank (AfDB) will speed up economic growth in Tabora and Katavi regions. Tanzania Regional Roads Agency (TanRoad) Tabora Regional Manager Mr Damian Ndabalinze said the road will open up new investment opportunities to benefit the surrounding societies and the economy. He said the implementation of the road project will also involve bees.... Read more »

Posted on : Tuesday , 10th January 2017

Combating Cyber Crime in the Construction Industry

Virtual crime has become an unpleasant reality of our times, leaving not even the field of construction equipment untouched. Cybercrime comes with significant cost. It was been estimated that the global economic cost of combating cybercrime could reach $400 billion, according to a report entitled “Net Losses: Estimating the Global Cost of Cybercrime”, published by the McAfee Centre for Strategic and International Studies a.... Read more »

Posted on : Monday , 9th January 2017

Tanzania: AfDB Approves $870,000 for Off-grid Energy Promotion

The African Development Bank has approved a $870,000 grant to promote off-grid electricity generation in Tanzania. The grant, announced yesterday, was approved under the Sustainable Energy for Africa facility, which is funded by the governments of Denmark, the UK, the US and Italy. The money will go towards funding private sector clean energy projects, with a view to improving access to electricity in rural areas of the East.... Read more »

Posted on : Monday , 9th January 2017

Tanzania: Diesel, Kerosene Prices Lowered, Petrol Price Slightly Up

The Energy and Water Utilities Regulatory Authority (EWURA) has lowered cap prices for diesel and kerosene and slightly increased petrol prices for January in line with changes in prices of petroleum products in the world market. The energy regulator announced yesterday that retail prices for diesel and kerosene have decreased by 66/- per litre or 3.68 per cent and 37/- per litre or 2.11 per cent respectively to provide huge relief to.... Read more »

Posted on : Monday , 9th January 2017

Rwanda: Energy Utility Announces End to Load Shedding

Rwanda can now produce enough power to service all those who need it in Kigali, the Chief Executive of Rwanda Energy Group (REG), Jean Bosco Mugiraneza, has said. Mugiraneza, who was addressing journalists in Kigali, yesterday, said besides being able to provide electricity to everyone who needs it, REG had embarked on different projects that will also purge general load shedding issues. In Kigali, REG is, among others,.... Read more »

Posted on : Monday , 9th January 2017

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