Market News Page No. 271| Africa Business News | Afrotrade

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Mercedes-Benz SA launches South Africa's first automotive Facebook Messenger Chatbot

Lauded as one of the most scalable communication touchpoints this year, Facebook captured headlines with the launch of Facebook Messenger Chatbots in April 2016. Digital performance agency iProspect SA recognised, that this technological development provided an unprecedented opportunity for Mercedes-Benz South Africa (MBSA) to leverage its fan base of over 1 million users to meet their client's business goals and engage their target.... Read more »

Posted on : Friday , 7th October 2016

Rwanda bets on energy summit to lure investors

Rwanda is counting on the upcoming third annual energy summit to sell the country to world investors. The summit to be held in November will bring together over 500 energy experts and policy makers to discuss strategies of increasing energy penetration, distribution and supply in the most efficient and effective ways. According to Jean Bosco Mugiraneza, the chief Executive Officer, Rwanda Energy Group (REG), the 3rd.... 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: 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

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