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

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Uganda Turns on East Africa's Largest Solar Power Plant

Uganda’s new $19 million solar plant in Soroti heralds a new era that will see the country start to change the energy mix away from dependence on hydroelectricity. The 10 MW facility, located 293km east of Kampala, is the country’s first grid-connected solar plant. Julius Wandera, the Electricity Regulatory Authority (ERA) spokesperson, said that originally, the solar plant was financed as part of the global.... Read more »

Posted on : Wednesday , 28th December 2016

East Africa Leads Continent in Renewable Energy Uptake

East Africa’s economies top countries in sub-Saharan Africa in injecting clean energy into their national grids, through new projects in wind and solar. The latest report of Climatescope, the clean energy country competitiveness index by Bloomberg New Energy Finance, shows that clean energy policies are becoming more widely adopted across sub-Saharan Africa. “Fourteen countries from the region have introduced.... Read more »

Posted on : Wednesday , 28th December 2016

Africa: Power Plants Gear Up for Digital Transformation of Power Generation

At nearly every industry event and customer meeting over the past year or so, the conversation has inevitably turned to the subject of “change.” It can be changes happening within our industry, or broader changes in the economy or society – like the impact of smartphones and social media on daily life. A few days ago, at GE’s Power Services Middle East & Africa Customer Summit, themed ‘The Digital.... Read more »

Posted on : Wednesday , 28th December 2016

Kenya: Tea Farmers See Record Earnings in 2016

The year 2016 was good for tea farmers thanks to high prices the produce fetched amidst a weaker dollar. Growers affiliated to Kenya Tea Development Agency (KTDA) earned a record-high bonus compared to any other year in the history of the crop. Farmers earned Sh84 billion from leaves delivered in the 2015/2016 season, marking the second year of improved earnings helped by a stable exchange rate and high pricing of the commodity.... Read more »

Posted on : Wednesday , 28th December 2016

Tanzania: Mining Firm Pays Govt $5.8 Million in Taxes

Petra Diamonds has paid 5.8 million US dollars (about 12bn/-) to Tanzania in various taxes making the country the highest paid in nations where the firm operates. The diamond firm, registered in London Stock Exchange, made a total payment of 8.9 million US dollars (18bn/-), where Tanzania payments account for 66 per cent, South Africa 32 per cent and Netherlands 2 per cent. The company has operations in six countries but main.... Read more »

Posted on : Wednesday , 28th December 2016

How Will Trump Impact East Africa's Industrialisation Drive?

The global mood has shifted since Donald Trump’s surprise victory in the US presidential election. Europeans are fretful and Mexicans are panicking but many of the US investors we met in mid-November have become intensely optimistic about the prospects for their own economy. No one is quite sure whether this will benefit emerging markets or not and many Trump supporters probably don’t care. Their vote was to make America great again,.... Read more »

Posted on : Wednesday , 28th December 2016

Transform Agriculture in Africa by AFDB

97 percent of the Bank's agriculture projects rated satisfactory. 4000 kilometers of feeder roads built; three million people trained on farming practices 150,000 microcredit loans, water systems on 181,000 hectares of farmland By 2025, Africa aims to feed its fast growing population with its own production. What is more, the world will need Africa's help to feed an extra two billion people in the coming generation. So making the right.... Read more »

Posted on : Tuesday , 27th December 2016

Ethiopia: 'We Continue Developing Renewable Energy Sources' - PM

Ethiopia is highly endowed with electric power potential that can be developed from water, solar and geothermal. Realizing the potential, the nation has been investing a great deal to cultivate the energy sources from wind, water bodies and the like. In relation to the efforts undertaken so far, the country has increased significantly its power generation capacity since Gibe III Hydroelectric Dam began functioning. This highest Roller.... Read more »

Posted on : Friday , 23rd December 2016

Kenya to Use Bio-Control to Combat Crop Affecting Fungus

Kenya will this month start manufacturing bio-control product Aflasafe KE01 to tackle aflatoxin. The country has previously lost food stocks and lives to aflatoxin - tasteless poisons produced by Aspergillus flavus fungus, a mold in the soil that commonly infects maize, groundnuts and other crops both in the field and in storage. Aflatoxin affects livestock and their products when the animals feed on infected grains or grass.... Read more »

Posted on : Friday , 23rd December 2016

Tanzania: Plenty of Gypsum Available - Minister

Lindi — Minister for Energy and Minerals, Prof Sospeter Muhongo, has ordered the commissioner of minerals, gypsum miners and owners of industries to resolve their differences and make sure they agree on payment and prices so as to boost the gypsum mining business in the country. Prof Muhongo was speaking after visiting Mkanganga gypsum mines, which are located at Hoteli Tatu in Kilwa District, Lindi Region. He said there is no.... Read more »

Posted on : Friday , 23rd December 2016

East Africa: Tanzania, Malawi Ink 180MW Joint Power Deal

Mbeya — Tanzania and Malawi are expecting to implement a joint 180-megawatt electricity project that will enable each country to produce 90mw. The two countries also expect to implement another joint project on irrigation where a total of 600 hectares will be developed, with 3000 farms in each country. The implementation of the projects follow agreement over development for Songwe River Basin (SRBDP), signed by the.... Read more »

Posted on : Friday , 23rd December 2016

Tanzania: Negotiations on $30 Billion Gas Plant Set to Resume in 2017

Dar es Salaam — Major oil and gas companies are now planning to resume negotiations with the government on a production sharing agreement (PSA) next year for the planned liquefied natural gas (LNG) plant. BG Group which was acquired by Royal Dutch Shell, alongside Statoil, Exxon Mobil and Ophir Energy, plan to build a $30 billion (Sh66 trillion) onshore LNG export terminal in partnership with the state-run Tanzania Petroleum.... Read more »

Posted on : Friday , 23rd December 2016

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