Market News Page No. 262| Africa Business News | Afrotrade

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Amaya Capital commits $300m in electricity generation

Amaya Capital, the African-focused principal investment firm, has announced an equity commitment of over $300 million in power generation platform. The new investment follows the acquisition by growth markets investor, Actis of American Capital Energy & Infrastructure’s stake in Azura Power Holdings Limited (Azura). The company said in a media statement that this transaction and the consequent expansion of.... Read more »

Posted on : Friday , 21st October 2016

South Africa solar park utilises salt storage

A ground-breaking ceremony has taken place in South Africa for a 100 MW concentrated solar power (CSP) project. Kathu Solar Park is in the Northern Cape Province and is being developed by a consortium led by Engie and comprising Sener and Acciona. Construction has begun following the signing of a 20-year power purchase agreement between Engie and South Africa’s state-owned power utility Eskom. The plant is expected.... Read more »

Posted on : Friday , 21st October 2016

Tanzania: Government outlines key investment areas

The government of Tanzania has marked eight areas to private investors as part of industrialisation efforts in the country’s endovour to becoming a middle-income economy by 2025. The areas announced by the Minister of Industry, trade and investment, Charles Mwijage in the capital, Dar es Salaam are manufacturing, infrastructure development, agriculture, mining, tourism, fishing, power generation and information and.... Read more »

Posted on : Friday , 21st October 2016

SA, Kenya sign memorandum on investment

Investment South Africa (ISA) and its counterpart, the Kenya Investment Authority (KenInvest), have signed a Memorandum of Understanding (MoU) on investment co-operation, the Department of Trade and Industry (dti) said on Thursday. The MoU was inked on the sidelines of President Jacob Zuma’s state visit to Kenya this week. Zuma had called on the business sector in South Africa and Kenya to increase investments in.... Read more »

Posted on : Friday , 21st October 2016

Tanzania: Jakaya Kikwete Heart Institute Saves Millions for Nation

A cancer which has for years drained the country of its foreign exchange and denied thousands the chance to lead a peaceful life has at last been tamed. The cancer, overseas heart operation, which has for a long time consumed much of the nation's foreign exchange annually, may not have been totally disabled, but its ferocity has to a large measure been checked. "In 2015 alone overseas heart operations, most of them.... Read more »

Posted on : Friday , 21st October 2016

Africa: Tanzania to Become Fifth Top Uranium Producer in Africa

Tanzania is expected to be among the top five producers of uranium in Africa after the completion of Mkuju River Uranium Project, which is in the final stage of trial, the Urenium One Chief Operation officer, Mr Andrey Shotov said yesterday. He told journalists that in the coming two years they will start mining activities, the project expected to boost the country's economy. "We are finalising the Mkuju River project, we are.... Read more »

Posted on : Friday , 21st October 2016

Ashok Leyland wins $170 million order from Tanzanian government to supply vehicles

Chennai-based commercial vehicle maker Ashok Leyland said on Thirsday that it has won an order worth $170 million from the Tanzanian government to supply vehicles and related items. The company informed about the order minutes before trading hours; the share price of Ashok Leyland closed 1.72 percent higher at Rs 85.65 on the BSE. The order will be financed by the EXIM Bank of India under National Export Insurance Account (NEIA) Scheme,.... Read more »

Posted on : Friday , 21st October 2016

Meru Greens helps bring Kenyan crops to lucrative markets

It all started with green beans — a durable vegetable, quick to grow and well-suited for the task of convincing rural subsistence farmers to try a new crop. It’s a crop Rosemary Muthomi hoped might one day connect farms in Kenya to lucrative international markets. “Green beans are the easiest crop to grow within a very short time,” says Muthomi in the downtown offices of Global Partnerships, the.... Read more »

Posted on : Friday , 21st October 2016

Tanzania Invites Indonesia to Invest in Construction

A many as 21 construction contractor companies from Tanzania incorporated in ACCT (Association of Citizen Contractors Tanzania), visited the Public Works and Public Housing Ministry. The Association invited Indonesian contractors to work on construction projects in Tanzania. Anita Farmati, Secretary General of Public Works and Public Housing Ministry said that the invitation arrived at the perfect moment because Indonesia is.... Read more »

Posted on : Friday , 21st October 2016

High visibility in the heart of Africa

Vice President M. Hamid Ansari’s tour of West Africa in end September, his second in five months, took him to Nigeria and Mali. His previous tour of North Africa covered Morocco and Tunisia. The latest tour may not have excited the national media, but it is imbued with significance for three reasons. First, it marked the end of over a year – from March 2015 to September 2016 – that saw unprecedented political.... Read more »

Posted on : Thursday , 20th October 2016

The light of innovation blows in South Africa

Enel has connected an 88 MW wind farm to the grid in Nojoli, South Africa, and launched a rural electrification project with Liter of Light, to bring sustainable light and renewable energy to the streets of its surrounding villages. If innovation without borders is the future, innovation powered by green energy sets the stage for a sustainable and lasting development. In the southern province of Eastern Cape, South Africa, Enel’s.... Read more »

Posted on : Thursday , 20th October 2016

Skysat Launches First Label Printing Machine In Africa

Skysat Technologies Limited, the sole distributor of Konica Minolta digital print solutions in Nigeria and Ghana has launched the first labeling printing machine in Africa. The machine, codenamed: bizhub PRESS C71cf is one of the many digital printing products of Konica Minolta and Brother that were unveiled at the ongoing 4th digital print solution expo tagged: “Exceeding Your Business Expectations,” which began yesterday at.... Read more »

Posted on : Thursday , 20th October 2016

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