Market News Page No. 252| Africa Business News | Afrotrade

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Russians urged to invest more in South Africa

The Deputy Director-General of Trade and Investment at the Department of Trade and Industry (the dti), Ms Pumla Ncapayi has urged Russian companies to increase their investments in South Africa. Ncapayi was delivering a keynote address at the South Africa-Russia Business Council that took place in Pretoria today. The session was held on the sidelines of the Intergovernmental Committee on Trade and Economic Cooperation (ITEC) that is hosted.... Read more »

Posted on : Wednesday , 23rd November 2016

Ethiopia: Biogas and Solar - Alternative Energy Source Focuses

Ethiopia meets much of its energy demands from hydroelectric sources these days. Though 45,000 MW of hydro power potential under use at the moment, the demand for energy is increasing at a high rate. The growth in the demand is due to the ongoing industrial growth and rapid development. The fast economic growth of the nation calls for more energy even from other energy alternatives. Among the other alternatives that the country has not.... Read more »

Posted on : Wednesday , 23rd November 2016

Smart Streetlights to Light Up IoT Investments

Smart grid deployments in the utility sector in a first wave of Internet of Things (IoT) investment, is now passé. The public outdoor street-lighting sector is aglow with IoT investment, with global investment over the next decade expected to cumulatively touch $69.5 billion. By 2020, it is expected that 89% of cities and municipalities will transition to LED streetlights, of which 42% will be networked to make them.... Read more »

Posted on : Wednesday , 23rd November 2016

Mondi seeking deals to capture growth in consumer packaging

Mondi Ltd. is seeking to acquire more companies making the type of flexible packaging used for items like pet-food pouches, as the South African manufacturer taps growing demand from the consumer-goods industry. The maker of corrugated boxes and industrial bags has made four “bolt-on” consumer-related purchases in the past two years and has the appetite for more, Chief Executive Officer David Hathorn, 54, said in an.... Read more »

Posted on : Wednesday , 23rd November 2016

Bliss GVS Pharma bags $ 111 million contract in Kenya

The company operates an innovative public-private engagement model to address unmet healthcare requirements in Kenya through its chain of clinics and partner service providers Bliss GVS Pharma Ltd, through its Kenyan subsidiary Bliss GVS Healthcare Limited (BGHL), has won a three year contract worth $ 111.40 million (about Rs 755 crore) from Aon Kenya Insurance Brokers Ltd for provision of medical healthcare services in Kenya..... Read more »

Posted on : Wednesday , 23rd November 2016

China pledges to deepen military cooperation with Tanzania

DAR ES SALAAM -- China is willing to work together with Tanzania to constantly deepen bilateral military cooperation and boost their military ties, said Fan Changlong, vice chairman of China's Central Military Commission, on Monday. Fan made this remark when he wrapped up his three-day official visit to Tanzania, where he met with Tanzanian President John Magufuli and Defense and National Service Minister Hussein Ali Hassan.... Read more »

Posted on : Wednesday , 23rd November 2016

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

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