Market News Page No. 245| Africa Business News | Afrotrade

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AIIB expects to support African industrialization in cooperation with UNIDO

The Asian Infrastructure Investment Bank (AIIB) expects to cooperate with UN Industrial Development Organization (UNIDO) in boosting industrialization development in Africa in the future, Jin Liqun, President of AIIB on Monday told Xinhua. Attending 50-year anniversary of UNIDO in Vienna, Jin said AIIB shares the inclusive and sustainable industrial development mandate with UNIDO, and could cooperate with the organization in the.... Read more »

Posted on : Tuesday , 22nd November 2016

GO CAPS work in Monett reaches Africa

Bryand's passion project provides dental aid to children Work in the the Greater Ozarks Center for Advanced Professional Studies (GO CAPS) at Monett High School has had residual benefits, as shown in the work of senior Ashley Bryand. Ashley's GO CAPS passion project centered around her passion for helping others, her interest in the field of dentistry, and her desire to provide dental hygiene supplies to children in.... Read more »

Posted on : Tuesday , 22nd November 2016

Tanzania in Drive to Improve Doing Business Climate

The Tanzanian government has launched a one-stop shop to improve services for investors. The aim is to raise the country's position in global doing business ranking. The facility, by the Tanzania Investment Centre (TIC), has departments that deal with matters such as land, taxation and product standards. The goal is to shorten the time taken to register an organisation or venture from 14 days to.... Read more »

Posted on : Tuesday , 22nd November 2016

Dubai-based auto group opens regional customer experience academy

The opening of the first Al-Futtaim Automotive Academy in Sub Sahara Africa, is part of the Dubai based automotive firm’s strategic effort to boost its customer experience and after sales capacity in East Africa. Speaking when he officiated at the opening of the new purpose equipped training facility, the visiting Al-Futtaim Automotive Group President, Len Hunt said the investment in a state of the art technical training.... Read more »

Posted on : Tuesday , 22nd November 2016

3D printing is now at the heart of lifesaving surgery

For the first time in Kenya, doctors at Kenyatta National Hospital managed to separate conjoined twins. This was one of the first such operations successfully done at a hospital in sub-Saharan Africa (see another one here), and it was possible in part because of 3D printing. Dr Fred Kambuni, the lead surgeon, said that a 3D printed model helped his team of medics conduct the delicate spinal surgical interventions.... Read more »

Posted on : Tuesday , 22nd November 2016

Tanzania: Aga Khan Plans 35 Health Service Centres

Aga Khan Health Services in the country expects to construct 35 health service centres countrywide by December 2018 to support the government's efforts to deliver quality services. The Health Services' Regional Chief Executive Officer, Mr Sulaiman Shahabuddin, said in Dar es Salaam over the weekend that upon completion, the project will create jobs for 525 Tanzanians as well as encourage students to study science subjects owing to.... Read more »

Posted on : Tuesday , 22nd November 2016

Kibo signs collaboration agreement with General Electric

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company is pleased to announce that it has signed a Collaboration Agreement (the “Agreement”) with General Electric International Inc (“GE”), with respect to the development of the Mbeya Coal to Power Project (“MCPP” or “the Project”). The.... Read more »

Posted on : Tuesday , 22nd November 2016

Rwanda: Experts Say to Focus on Off-Grid Power Funding to Boost Access

Off-grid power access, including of solar home systems and mini-grids, plays a key role in Rwanda's ambitious target to extend power to 70 per cent of the population in the medium-term, Morris Kayitare, the director of primary and social energy development at Rwanda Energy Group (REG), has said. Kayitare added that renewable energy sources are instrumental in meeting the country's energy needs and, therefore, should not be.... Read more »

Posted on : Tuesday , 22nd November 2016

Black Rock Mining Ltd delivers ultra-pure graphite product

Black Rock Mining Ltd (ASX:BKT) has achieved 99.99994% purity using a simple thermal purification process on flake graphite concentrate from the Mahenge graphite project in Tanzania. A unique feature of Mahenge allowed a high purity concentrate to be produced, which then allowed the high purity sample to be delivered. Battery cell testing is underway with preliminary results expected in early 2017. Steven.... Read more »

Posted on : Tuesday , 22nd November 2016

Pioneer Foods enters East African cereal market

JSE listed Pioneer Foods is acquiring a 49.8% interest in UK food processing company Weetabix’s East Africa distributing company. The Kenya-based company has been in operation for over 40 years and has about 13 brands in its portfolio. Last year, the business invested £1.6-million in a capacity upgrade programme at its facilities, giving it 60% more capacity. Weetabix East Africa produces about 12 t of cereal,.... Read more »

Posted on : Tuesday , 22nd November 2016

World Bank to fund Mombasa�s Sh2b water project

Dry water taps are expected to start running again following the roll-out of an ambitious project to improve water infrastructure. The Sh2 billion project funded by the World Bank is being implemented in phases beginning with sealing of water leakages in Nyali and Kisauni. Mombasa Water Supply and Sanitation Company loses 50 per cent of its water through leakages and illegal connections. Since June 15, this year, the project has seen.... Read more »

Posted on : Tuesday , 22nd November 2016

Kenya pegs faster Vision 2030 gains on oil and gas finds

NAIROBI: Kenya is betting on the recent oil discoveries to achieve its vision of becoming a middle-income economy ahead of the 2030 deadline. The Vision 2030 Delivery Secretariat expects the nascent industry to reach major milestones a few years after commercial production starts in 2020. Oil and gas were recently included in the list of key sectors that are expected to play a critical role in driving the economy to achieve the Vision.... Read more »

Posted on : Tuesday , 22nd November 2016

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