Market News Page No. 250| Africa Business News | Afrotrade

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African Startup Lighting Up Homes in Tanzania & Rwanda

Off Grid Electric, African startup is lighting up rural regions of Tanzania and Rwanda capitulating both commercial success and life-transforming outcome for the beneficiaries. The company is supported by Elon Musk’s SolarCity, one of the major solar energy suppliers in the US, and Helios, Africa’s biggest private equity firm. In November, at the UN’s climate change conference in Marrakech, it won the 2016.... Read more »

Posted on : Friday , 30th December 2016

Rwanda: Energy Utility Looks to Enhance Efficiency, Revenue Collection

The Energy Utility Corporation Limited (EUCL) has unveiled a new drive that seeks to increase access to electricity as well as boost efficiency and improve revenue collection. The performance improvement programme is part of efforts geared at transforming the utility firm into a "highly efficient and customer-centric" organisation, according to Jean Bosco Mugiraneza, the Rwanda Energy Group (REG) chief executive. He is.... Read more »

Posted on : Friday , 30th December 2016

Ethiopia: Mega Renewable Energy Projects to be Launched in 2017 - Ministry

The country is aggressively working to utilize its renewable energy. The Ministry of Water, Irrigation and Electricity recently announced it would launch mega renewable energy projects generating over 5,000 MW in 2017. Ministry Public Relations Director Bizuneh Tolcha said preparations have been finalized to begin the construction of 19 hydro-power, solar, wind and geothermal energy projects in Oromia, Amhara, SNNP, Tigray and.... Read more »

Posted on : Friday , 30th December 2016

Ethiopia: Parliament Approves Loan Deals With China for Infrastructure Projects

Addis Ababa — Ethiopia's parliament on Tuesday approved three loan agreements worth over 380 million U.S. dollars made with the Chinese government and the Export-Import Bank of China to finance major infrastructure constructions in Ethiopia. The three loan agreements already approved will finance two road construction projects in Ethiopia's capital Addis Ababa and upgrade the capital's electric grid system, according to Birhanu.... Read more »

Posted on : Friday , 30th December 2016

Rwanda: Major Road Rehabilitation to Boost Regional Trade

A FEASIBILITY study for the rehabilitation of the 79-kilometre road network stretching from Ngororero, Nyabihu and Musanze town to the Rwanda-Uganda border at Cyanika is complete and the works will begin soon. The rehabilitation project will require at least $85 million (about Rwf70 billion) to complete, according to the feasibility study done by Rwanda Transport Development Agency (RTDA). Olivier Kabera, the coordinator of.... Read more »

Posted on : Friday , 30th December 2016

Rwanda: New Multi Million Dollar Market Almost Ready

Musanze District investors have proved that union is strength as final touches are being put on the modern market constructed by a local association. The construction of the market by Gorilla Investment Company (GOICO) started two years ago and owners say that by February next year, the market will have been opened. It is constructed in town on the same old plot which hosted decades-old market. It is set to attract.... Read more »

Posted on : Friday , 30th December 2016

Tanzania: County Sets Two-Week Deadline for Toilet Construction

Ruangwa — Lindi Regional Commissioner Godfrey Zambi has issued a two-week ultimatum to Ruangwa District's residents to construct toilets as part of efforts to check water-borne diseases, especially cholera. Mr Zambi ordered the District Commissioner, Mr Joseph Mkirikiti, to embark on a house-house inspection by January 15, next year and impose a 50,000/- fine to those failing to comply with the directive. The RC issued.... Read more »

Posted on : Friday , 30th December 2016

Ethiopians in China Purchase GERD Bonds Worth $14000

Ethiopians and foreign nationals of Ethiopian origin residing in Beijing, China, have pledged to purchase bonds worth 14,000 USD to finance the construction of the Grand Ethiopian Renaissance Dam (GERD). In a press release sent to The Ethiopian Herald, Office of the Spokesperson of the Ministry of Foreign Affairs said the pledge was made at an event organized to mark the 11th Nations, Nationalities and Peoples Day on the premises of.... Read more »

Posted on : Friday , 30th December 2016

Coco-Cola to acquire stake in African beverages

The Coca-Cola Company has agreed to acquire Anheuser-Busch InBev’s 54.5% equity stake in Coca-Cola Beverages Africa for US$3.15 billion. CCBA includes the countries of South Africa, Namibia, Kenya, Uganda, Tanzania, Ethiopia, Mozambique, Ghana, Mayotte and Comoros. In addition, The Coca-Cola Company is to acquire AB InBev’s interest in bottling operations in Zambia, Zimbabwe, Botswana, Swaziland, Lesotho, El Salvador and.... Read more »

Posted on : Friday , 30th December 2016

Suzuki Swift - New details revealed

Details of the new fourth generation Suzuki Swift have been revealed, featuring new-look styling and a modernised interior. The Swift is the most popular model on offer from Suzuki in South Africa and it has racked up over 5.3 million global sales since its launch way back in 2004. Suzuki is well-known for building reliable and affordable cars and the current Swift model delivers good ride and handling while.... Read more »

Posted on : Friday , 30th December 2016

Kenya: Country to Get New Dam Through Public-Private Partnership

Water and Irrigation Cabinet Secretary Eugene Wamalwa on Wednesday said the government will build a Sh60 billion dam in Galana-Kulalu through a public-private partnership. The two-billion-cubic-metre dam would supply irrigation water for 500,000 acres to be launched in March 2017. Mr Wamalwa said local and international investors had been invited to take part in the project. "Despite challenges, the Galana-Kulalu.... Read more »

Posted on : Friday , 30th December 2016

Rwanda: Electrical Installations in Prisons Need to be Reviewed - Minister

The Minister for Disaster Management and Refugee Affairs, Seraphine Mukantabana, has asked prisons officials to review their electrical installations as a precaution against fire incidents. The minister was speaking, yesterday, after handing over an assortment of materials worth about Rwf4.5 million to inmates whose personal effects were burnt in Sunday's fire at Nyarugenge Prison. Mukantabana noted that some prisons are old.... Read more »

Posted on : Thursday , 29th December 2016

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