Market News Page No. 275| Africa Business News | Afrotrade

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South Africa's affordable energy dream

South Africa will have to wait for more months in order to relaunch its affordable energy programme. Formalised in 2010, the project for the construction of about six to eight reactors with a capacity of 9.600 megawatts is now being considered as an expected yet difficult to be achieved dream. South Africa’s energy minister Tina Joemat Petterson had promised that the call for tender will be launched on September 30,.... Read more »

Posted on : Tuesday , 4th October 2016

Tanzania Scales Up Competitive Ranking Ladder

Tanzania competitiveness ranking has improved, moving up nine places to 116th position from 125th in the past four years. According to this year's Global Competitive Report released in Dar es Salaam yesterday, Tanzania ranks 116 out of 138 countries. Briefing journalists on the report, Acting Policy Research for Development (REPOA) Executive Director, Dr Lucas Katera, said that Tanzania has been moving up for the past four years,.... Read more »

Posted on : Tuesday , 4th October 2016

Saving power bills with new LED lights

Nairobi; Kenya: A local company has unveiled new lights that cut the cost electricity by more than 90 per cent. This is after realising how high cost of electricity deeply affects factories, homes and offices. High power costs have seen institutions and individuals employ new measures to reduce operational costs. Kenya Power has also been sensitising Kenyans on the importance of saving power by issuing households with free energy.... Read more »

Posted on : Tuesday , 4th October 2016

South Africa: 3-D technology brings a lost mammalian ancestor back to life

At the very beginning of the 1960s, a South African palaeontologist embarked on a series of ambitious works. Dr A.S. Brink wanted to better understand the anatomy and evolution of humans' pre-mammalian ancestors, the therapsids. Brink worked with therapsid skulls found in South Africa's Karoo region. He ground the skulls at thin and regular intervals to assess their internal cranial anatomy. The technique, known as serial.... Read more »

Posted on : Tuesday , 4th October 2016

First African Development Bank funds for PPP forestry project

The African Development Bank (AfDB) is joining with private sector investors for a project to restore degraded forest reserves and double the area of sustainable forest plantations. A press release from the AfDB says “This agreement is a first-of-its-kind Public-Private Partnership (PPP) in its forest sector and is backed by a US$10 million concessional loan from the Climate Investment Funds' Forest Investment Program (CIF.... Read more »

Posted on : Tuesday , 4th October 2016

Dental Students Spend Summer Break Treating Children in Kenya

While most dental students spend their summer breaks recharging and getting ready for the next school year, a team of 7 fourth-year students from the University of Michigan School of Dentistry travelled to Kenya to treat about 2,200 children between the ages of 6 and 18 years. As part of the school’s Kenya Summer Program, the students stayed in and around Meru, a village 5 miles north of the equator and about 150 miles away.... Read more »

Posted on : Tuesday , 4th October 2016

Kenya: Construction of solar farm gets green light

Power plant developer, Rural Electrification Authority (REA), announced last week that it has concluded a PPA with Kenya Power to sell electricity generated from the solar farm at $0.12/kWh. According to the Daily Nation, REA chairman Simon Gicharu made the announcement when he attended a meeting in Nairobi with officials from China who will be funding the solar project. It is reported that China Jiangxi is the contractor.... Read more »

Posted on : Tuesday , 4th October 2016

Tanzania Microfinance Sector to Drive Housing Growth

There is an enormous potential for housing microfinance in Tanzania, the Centre for Affordable Housing Finance (CAHF) in Africa indicates in its latest report on Africa’s housing finance markets. CAHF attributes the potential to the fact that 41% of Tanzanians who borrow microloans plan to use them for housing construction or improvements. Nonetheless, Tanzania’s mortgage market is among the smallest in the East African.... Read more »

Posted on : Tuesday , 4th October 2016

South Africa�s mining school heads form collaborative industry body

Mining Engineering Education South Africa (MEESA) will allow more cooperation and information sharing among institutions, which will be important in addressing the challenges that the South African mining industry is currently facing. Established last year as the Mining Heads of School Forum and recently re-branded, MEESA is currently chaired by Professor Ronny Webber-Youngman of Pretoria University's Department of Mining.... Read more »

Posted on : Tuesday , 4th October 2016

Hero MotoCorp develops three Dawn motorcycles for Africa market

Hero MotoCorp Ltd has developed three motorcycles for Africa as it seeks to establish itself in overseas markets, six years after the company ended a partnership with Honda Motor Co. that restricted exports. Powered by 100cc, 125cc and 150cc engines, the Dawn brand of motorcycles will go on sale in some African markets by March, with a large focus on Nigeria, the region’s largest two-wheeler market, according to Hero.... Read more »

Posted on : Tuesday , 4th October 2016

Yingli Europe and SolarAid launch solar lights in Africa

The European subsidiary of leading module manufacturer Yingli Green has partnered with climate change charity SolarAid to launch an affordable solar-powered light for distribution in rural Africa. The light, known as the SM100, was designed and developed by Yingli Europe for SolarAid who had designs to provide a solar light for use in Africa to make electricity more accessible to those without use of the grid and eradicate the.... Read more »

Posted on : Tuesday , 4th October 2016

Tanzania: Dodoma to Get Maize Milling Plant

Dodoma — Dodoma Region will soon get an ultra modern factory for maize milling and oil which will employ 250 workers. In his remarks while handing over a cheque for about 3.7 bn/- for the said factory, the Director General of the National Social Security Fund (NSSF), Professor Godius Kahyarara, said the plant will be a blessing to the people and farmers as it will be using raw materials obtained locally. The money.... Read more »

Posted on : Tuesday , 4th October 2016

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