Market News Page No. 253| Africa Business News | Afrotrade

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Kenya: Construction of Sh90 Million Lamu ECDE Centres Complete

The county government of Lamu has completed the construction of 45 Early Childhood Education (ECDE) centres in both Lamu West and East Sub-Counties at a cost of Sh90 million. Lamu Governor Issa Timamy says the move is meant to raise standards of education in the region by ensuring children's learning environment is improved. Speaking in Lamu on Friday, Mr Timamy said construction of 11 more ECDE centres will be completed.... Read more »

Posted on : Wednesday , 26th October 2016

South Africa recycles more plastic bottles than it throws away

New statistics from recycling company Petco have revealed that more polyethylene terephthalate (PET) bottles are being recycled than are sent to landfill, with about 4.7-million bottles recycled every day. This resulted in 112 000 t of carbon emissions, as well as 461 000 m3 of landfill space, being saved. Noting that South Africa was winning the battle of recycling plastic bottles, the company said 52% of post-consumer PET.... Read more »

Posted on : Wednesday , 26th October 2016

Ethiopia: Advancing Health Achievements

The ever green Southern Nations, Nationalities and Peoples' State is one of the best places to live in Ethiopia. Recently a crew of journalists has paid a visit to Gurage Zone located in this beautiful State. Early in the morning last Tuesday, the crew begun their journey from southern town, Hawassa. After leaving Ez'za Woreda behind, and crossing Zebidar Mountain, we entered Agena Health Centre of Ez'za Woreda. Immediately, we directly.... Read more »

Posted on : Wednesday , 26th October 2016

Tanzania: Moroccan Investors Invited in Key Sectors

Minister for Industries, Trade and Investments, Mr Charles Mwijage has called Moroccan investors to direct their capital in agriculture and development of industries in the country. Mr Mwijage was speaking amid the ongoing three-day state visit of Moroccan King, Mohamed VI in the country. He said his visit to Tanzania is set to boost bilateral investment and strengthen economies of the two countries. Mr Mwijage said the.... Read more »

Posted on : Wednesday , 26th October 2016

VW, BMW, Ford, Nissan seek Africa car-industry fixes

Volkswagen, BMW, Ford and Nissan are among automakers seeking to work with Kenyan authorities to develop an auto-manufacturing industry in the east African country, building on talks with Nigerian lawmakers about their own market. The African Association of Automotive Manufacturers, which also includes Toyota Motor Corp. and General Motors, has formed to take advantage of a new surge of interest from African governments in.... Read more »

Posted on : Wednesday , 26th October 2016

Kenya to raise revenue to 25pc of GDP from current 20pc

Kenya is eyeing to raise revenue to 25percent of Gross Domestic Product (GDP) from the current 20 percent in the next five years. Treasury Cabinet Secretary Henry Rotich says this will be through tax reforms especially the modernisation of income tax with the Bill expected to be ready in the first half of 2017. Rotich says other avenues of raising money will be targeting the informal sector as well as areas of transfer.... Read more »

Posted on : Wednesday , 26th October 2016

Kenya amis for early oil exports by 2017: minister

Kenyan finance minister Henry Rotich said Tuesday the initial exportation of 2,000 barrels of crude oil from Kenya in January 2017 would be an initial stage until the country completes the construction of an oil pipeline. "We plan to do an early oil export," the Cabinet Secretary told a news conference in Nairobi, during the launch of an International Monetary Fund (IMF) Regional Economic Outlook. "We will begin to.... Read more »

Posted on : Wednesday , 26th October 2016

Kenya shifts gears in drive to raise coffee exports into America

Kenya is pushing to increase its market share for coffee in the United States (US) as a means of improving the global visibility of the local commodity. The government through the Agriculture, Fisheries and Food Authority (AFA) Coffee Directorate on Tuesday said it is also targeting China, South Korea, Sweden, Norway, Denmark, Poland and Nigeria as emerging markets for the coffee. “Kenya has embarked on an.... Read more »

Posted on : Wednesday , 26th October 2016

Chinese Investment Into Africa Soars in 2016

China's investment into Africa continues to rise, with a significant increase so far in 2016 on last year's total, reports Simon Curtis. According to greenfield investment monitor fDi Markets, China-sourced capital expenditure into Africa has experienced a dramatic increase in 2016 from 2015 figures, with five months of data to record and publish remaining. Additionally, the number of investment projects into Africa up to July 2016 has.... Read more »

Posted on : Tuesday , 25th October 2016

At home in a luxury container

Well-designed shoebox living spaces are a growing trend globally. In Kenya, developers and architects are turning containers into small luxury residences, which can be repurposed into magical pool houses, offices or homes. Kwekwe Kivutha and Jeremy Moses are among those following in the steps of sustainable living with a repurposed 20-foot container that they turned into a living pod. Their desire to have a cabin in their.... Read more »

Posted on : Tuesday , 25th October 2016

Tanzania: Affordable Air Travel to Boost African Economic Growth

FASTJET Chief Executive Officer (CEO), Mr Nico Bezuidenhout has urged travel agencies to offer more affordable air travel so as to enable entrepreneurs, tourists and other visitors to travel within Africa and boosts the continent's economy. He said more affordable air travel enable movements of people within the continent and thus easier business transactions among people from different parts of the World. Mr Bezuidenhout said in.... Read more »

Posted on : Tuesday , 25th October 2016

Koyo to open PV panel factory in Tanzania

The Japanese company has revealed that it is setting up a subsidiary in the East African country, with plans for a solar panel assembly plant. It will officially open the subsidiary, Koyo Bussan Tanzania, in Dar es Salaam this week, according to an online statement. It did not reveal additional details about the PV module plant, but said that it is interested in the commercial and residential solar sectors..... Read more »

Posted on : Tuesday , 25th October 2016

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