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

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The five biggest wind energy markets in Africa

The renewable energy market is steadily growing in an African continent that can pride itself to possess in abundance a good mix of resources – sun, water, biomass and wind. Although far less uniformly distributed than the well documented solar resources, Africa with a large coastline still has one of the best potential for wind power production. Over the last decade, there has been a gradual decrease of the cost of wind power.... Read more »

Posted on : Thursday , 20th October 2016

Tanzania and Cuba to Strengthen Bilateral Relations

Tanzania and Cuba commit to strengthening bilateral relations with focus on economic benefits and mutual cooperation. The announcement was made on October 3rd 2016 by President John Magufuli during a visit of the Cuban Vice President, Salvador Valdes Mesa, to Tanzania. Magufuli and Mesa discussed the various investment opportunities in Tanzania, especially in the pharmaceutical and sugar sectors. For this, the Tanzanian President.... Read more »

Posted on : Thursday , 20th October 2016

Africa: Kenya Ahead of Rivals As Africa Goes Digital

Kenya is poised to become Africa's first mobile money economy, a newly-released study indicates based on the steady rise in cashless transactions for goods and services. The study by consultancy firm Deloitte says Kenya is ripe for mobile money revolution and asks local businesses to shift their sales models with the emerging reality to stay ahead of the competition. The impending mobile payments revolution marks yet.... Read more »

Posted on : Thursday , 20th October 2016

Africa: COMESA States Urged to Increase Power Generation for Industrial Use

Member states of the Eastern and Southern Africa (COMESA) have been urged to enhance power generation capacity to support industrial growth and increase access by rural areas. Dr Kipyego Cheluget, the COMESA assistant secretary general, said access to power for industrial and commercial use is a key driver of growth and job-creation. Speaking in statement ahead of the third edition of the iPAD Rwanda Energy Infrastructure.... Read more »

Posted on : Thursday , 20th October 2016

Govt. Roche explore new areas of partnership

The Ministry of Health and Roche Kenya Limited are exploring additional areas of partnershipto lift the cancer burden in the country, after successfully signing a Memorandum of Understanding (MoU)last August. The two institutions held a meeting on Monday, to sought waysof working together to provide technical expertisetoexplore effective models of reimbursement, improve access to treatment and diagnostics, as well as maintenance of.... Read more »

Posted on : Thursday , 20th October 2016

High Grade Graphite Discovered in Tanzania in Mahenge

South African mining investment company Armadale Capital (AIM:ACP) recently announced the preliminary discovery of high grade graphite at its Mahenge Liandu Graphite Project in south east Tanzania. The discovery follows the recently commenced drilling program at Mahenge, which is continuing on site and is expected to be completed in 3 to 4 weeks. William Frewen, Chairman of Armadale, said: “This preliminary discovery of high-grade.... Read more »

Posted on : Thursday , 20th October 2016

East Africa: Natural Gas Connections Vital Cog On the Path to Becoming East Africa's 'Power' House

Since sometime in 2012 or earlier than that, there were reports of the government's move to supply natural gas to homes--with a pilot project to connect homes in Mikocheni and international hotels. The move was followed by inauguration of a distribution pipelines connecting homes and the hotels, raising new hopes of accessing the crucial energy more cheaply. Three gas distribution centres are in place since 2014; in Sinza,.... Read more »

Posted on : Thursday , 20th October 2016

Tanzania: Chamber of Commerce to Invest in Agroprocessing Industries

The Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA) Investment Plc has posted a pre-tax 564.18M/-profit allowing it to invest in agro-processing industries in various regions. Opening the company's 11th annual general meeting in Dar es Salaam yesterday, the Board Chairman, Eng Aloys Mwamanga, said the company was faring well despite rocketing operational costs and some instability at the Dar es Salaam Stock Exchange.... Read more »

Posted on : Thursday , 20th October 2016

Chinese firm to build Sh2.6b power line to Tanzania

The Kenya Electricity Transmission Company has contracted Chinese firm North China Power Engineering Company to construct a 96 kilometre power transmission line running between Isinya and Namanga at a cost of Sh2.6 billion. This is part of the Kenya-Tanzania interconnector line that will hook Kenya’s national electricity grid to the Southern Africa Power Pool. The high voltage transmission line has a total length of 510km, of which.... 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

Ethiopia and Djibouti have launched the first fully electrified cross-border railway line in Africa

Ethiopia and Djibouti have launched the first fully electrified cross-border railway line in Africa. It links Ethiopia’s capital, Addis Ababa, to the Red Sea port of Djibouti – a stretch of more than 750km (466 miles). Travelling at 120km/h, the new service cuts the journey time down from three days by road to about 12 hours. The $3.4bn (£2.7bn) project was built with the help of funding from a.... Read more »

Posted on : Wednesday , 19th October 2016

Rwanda Mining professionals trained on modern mining

The government of Rwanda considers mining sector as key in the country development, the sector is now second largest contributor to national economy after tourism. Rwanda Natural Resources Authority considers the Mining sector as greatest opportunity for the country’s economy. In order to promote good practice in mining the department of Mining organized a five days training for mining professionals that took place in Eastland Hotel,.... Read more »

Posted on : Wednesday , 19th October 2016

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