Market News Page No. 267| Africa Business News | Afrotrade

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Kenya needs Sh1.7tr in investments a year to hit 10pc growth

Kenya requires investments worth Sh1.7 trillion a year over the next 14 years to attain its target growth rates of over 10 per cent. This is equivalent to 32 per cent of the current gross domestic product each year. According to Kenya Private Sector Alliance (Kepsa) Director Nick Nesbitt, these funds should be channelled into key productive sectors, such as agribusiness and infrastructural development, for maximum impact. Mr Nesbitt was.... Read more »

Posted on : Monday , 24th October 2016

Swaffham�s STG Aerospace signs deal with African airline

Swaffham-based STG Aerospace has sealed a deal with an airline which is its first LED lighting customer in Africa. STG, the market leader in LED cabin lighting solutions has just been awarded a purchase order with South African regional feeder airline Airlink. The first installations are due to be finished this month with Airlink becoming the 12th airline to use the lighting solution. Airlink provides the widest network and choice of.... Read more »

Posted on : Friday , 21st October 2016

Omron launches new industrial robots in SA

South Africa is one of 39 countries globally to benefit from Omron’s worldwide launch of 49 new. The robots are integrated with Omron’s family of sensors, safety components and award-winning NX/NJ series machine automation controllers to simplify the implementation of robots in a production environment. The company says these flexible and agile new solutions are ideally-suited to the local food and beverage, automotive.... Read more »

Posted on : Friday , 21st October 2016

How investing natural heritage can benefit African countries

From the Democratic Republic of the Congo (DRC)’s Virunga National Park, to Botswana’s Okavango Delta, to Zimbabwe’s Mana Pools and Tanzania’s Selous Game Reserve, wondrous diversity and natural value make Africa’s natural heritage the envy of the world. Yet research by WWF in 2015 shows that 61 per cent of Africa’s natural World Heritage sites are threatened by concessions or activity by the extractives.... Read more »

Posted on : Friday , 21st October 2016

SA�s oldest coffee roastery releases new-look packaging

MASTERTONS Coffee and Tea Specialists are a Port Elizabeth-based speciality coffee roastery and have been pioneers in the roasting and blending of top-quality coffee since 1924. This makes them one of the oldest, if not the oldest, coffee roasteries in South Africa! Providing a personalised service, they supply a large range of freshly roasted coffee blends and speciality grade single-origin coffees, among numerous other awesome.... Read more »

Posted on : Friday , 21st October 2016

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

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