Market News Page No. 266| Africa Business News | Afrotrade

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Tanzania: 4 Firms Ink Deal On Seeds Insurance

Ltd (Acre) Africa, Seed Co Tanzania and UAP Insurance Tanzania yesterday signed a deal. Under the pact the four institutions will partner in the provision of the first mobile crop insurance in Tanzania. Known as Linda Mbegu (Protect you seeds), the move will enable farmers across the country to insure their seeds, a vital step towards lifting agriculture that employs a large part of the workforce. Data shows that the.... Read more »

Posted on : Friday , 7th October 2016

Rwanda: Construction of Model Villages to Enhance Living Standards of Rural Communities

The government will pursue a plan to set aside planned settlement sites in different parts of the country and invest in building 'model villages' there as part of the latest efforts to modernise rural settlements, officials at the Rwanda Housing Authority (RHA) have said. They delivered the message yesterday to the media on the occasion to celebrate the World Habitat Day which normally falls on every first Monday of October.... Read more »

Posted on : Friday , 7th October 2016

Tanzania: Improved Health Research Hailed

The government is keen to continue supporting the design, development and deployment of innovative scientific technology to accelerate the translation of research into improved health. Addressing the 30th Annual Joint Scientific Conference in Dar es Salaam yesterday, Vice- President, Ms Samia Suluhu Hassan, said such programmes would allow researchers to propose highly creative research projects across a broad range of biomedical.... Read more »

Posted on : Friday , 7th October 2016

Tanzania launches first mobile crop insurance scheme

Four institutions drawn from telecommunication, seed, insurance and risk assessment have come together to unveil the first mobile crop insurance in Tanzania, at a time when changes in weather has taken a toll on farmers yields and income. Dubbed Linda Mbegu, Swahili for protect your seeds, the cover is the brainchild of Airtel Tanzania, Agriculture and Climate Risk Enterprise Ltd (Acre) Africa, Seed Co Tanzania and UAP Insurance.... Read more »

Posted on : Friday , 7th October 2016

Tanzania: Nigeria Firm Plans 900mw Gas Plants

Lagos — Sahara Group, a Nigerian energy conglomerate is looking to constructing two gas-fired power plant that are capable of generating 900MW as the firm expands business in Tanzania. The company which is now involved in oil trading alone in Tanzania says it's ready to do that once the government gives a nod. "We have been in talks with the government and now we are waiting for the Tanzania National.... Read more »

Posted on : Friday , 7th October 2016

Africa developers meet in Kenya to create 'Made in Africa' solutions

Over 200 technology developers across Africa have gathered in Nairobi for Hackathon Challenge meant to come up with job creation solutions that addresses Africa’s job market challenges. Organized by KCB Bank and Oracle the challenge requires the developers create a solution that will help scale up KCB 2Jiajiri, the $500 million job creation programme launched earlier this year. After the one week long Hackathon KCB.... Read more »

Posted on : Friday , 7th October 2016

EU gives out Sh13.9 billion for geothermal generation

The European Union has donated about Sh13.94 billion (123 million euros) for geothermal exploration in Kenya, head of European Investment Bank Catherine Collin has said. Speaking yesterday during a site-visit to Olkaria VI in Naivasha , Collin said the bulk of the funds will expand the 70-megawatt project whose works are set to begin in January. During the visit, the EU delegation praised the country for its commitment to.... Read more »

Posted on : Friday , 7th October 2016

UK firms eye Sh64bn deals in green energy

British investors are targeting projects worth about £500 million (Sh64.47 billion) in renewable energy sector, UK prime minister's trade envoy to Kenya and Tanzania Clive Hollick has said. The projects are mainly in solar, wind and biomass power, areas where the country has underperformed. The investors include Nova Energy, Green Globe Architecture Ltd, Tullow Oil, Eaton, KC Global Procurement LLP, OST Energy,.... Read more »

Posted on : Friday , 7th October 2016

Tanzania Agriculture Sector Record 3.2% Growth in Q2 2016

Tanzania’s agriculture sector grew at a rate of 3.2% in Q2 2016, reaching TZS3.8tn, compared to TZS2.5tn in Q2 2015. The results were included in a report recently issued by the Tanzanian National Bureau of Statistics (NBS), covering the country’s GDP performances Q2 2016 GDP. NBS attributes the growth in the agricultural sector to favorable rainfall in most production areas and farmers education. Tanzania Agriculture Growth.... Read more »

Posted on : Friday , 7th October 2016

Tanzania Mining Sector Record 20.5% Growth in Q2 2016

Tanzania’s mining sector grew at a rate of 20.5% in Q2 2016 reaching TZS434b, compared to TZS361b in Q2 2015 with a growth rate of 11.2%. The results were included in a report recently issued by the Tanzanian National Bureau of Statistics (NBS), covering the country’s GDP performances Q2 2016 GDP. NBS attributes the growth to an increase in the production of diamonds, Tanzanite, salt, natural gas, gold, copper and silver.... Read more »

Posted on : Friday , 7th October 2016

'Off-grid more viable as Eskom rates set to soar'

Cape Town - Electricity prices could soar higher than the rate of inflation over the next few years, warn alternative energy proponents. They say that the costs of large infrastructure investments being made by Eskom will soon be passed on to consumers despite a review of prices by the National Energy Regulator of South Africa (Nersa). Cala van der Westhuizen, of Energy Partners Home Solutions, said tariffs had increased.... Read more »

Posted on : Thursday , 6th October 2016

Cummings Foundation hosts Rwandan university executive director

Cummings Foundation recently hosted a dinner for Peter Drobac, executive director of University of Global Health Equity in Rwanda. Drobac shared an update about UGHE, a brand new health sciences university that has received substantial funding from Woburn-based Cummings Foundation. The group of 10 that gathered at New Horizons at Choate for the intimate dinner and presentation from Drobac included Cummings Foundation founders.... Read more »

Posted on : Thursday , 6th October 2016

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