Market News Page No. 278| Africa Business News | Afrotrade

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ABB to build hybrid-solar microgrid for Red Cross in Africa

The Swiss technology company will incorporate solar PV and diesel into a single microgrid for the International Committee of the Red Cross in Nairobi, Kenya, to supply the hub with reliable power for the first time, while also announcing the completion of its share buyback program. Various African nations are taking to innovative power solutions to solve a lack of reliable energy across much of the continent. Solar is playing a.... Read more »

Posted on : Monday , 3rd October 2016

Kenya: Toyota Targets More Kenya Contracts After Signing Deal

Japanese conglomerate Toyota Tsusho Corporation is eyeing more big-ticket contracts in Kenya after signing a support deal with the government. The Nagoya-based company, a unit of the Toyota Motor Corporation, says it is ready to undertake several projects in diverse sectors of the economy including mining and power generation. This will significantly expand its business in Kenya from the mainstay motor dealership which it.... Read more »

Posted on : Monday , 3rd October 2016

Tanzania: Stamigold Workers Praised for Good Show

Bukoba — State owned Gold Mining Company, STAMIGOLD, workers have been commended for good performance that has enabled the mine to achieve its target. Board Chairman of the State Mining Corporation (STAMICO), Ambassador Alexander Muganda, made the remarks here on Tuesday during a tour of the company by members of the newly appointed board. The new board came into effect on July 2, this year. Mr Muganda noted that in.... Read more »

Posted on : Monday , 3rd October 2016

Tanzania: Farmers to Get Improved Coffee Seedlings

Tanzania Coffee Research Institute (TaCRI) will distribute to farmers improved varieties of coffee seedlings to boost production as it marks international coffee day tomorrow. TaCRI Technology Transfer and Training Programme Manager, Mr Jeremiah Magesa said here yesterday that the improved coffee seedlings are pest and drought resistant. He said in various zones that cultivate coffee in the country growers will be.... Read more »

Posted on : Monday , 3rd October 2016

Tanzania: 8 Small Investors Generate 30mW

Dar es Salaam — Eight small-scale power projects (SPPs) have begun producing a total of 33.3MW in rural areas. The projects are in eight districts. The investors, with generated megawatts in brackets, are Tanganyika Plantation Company (20) in Kilimanjaro; Tanganyika Wattle Company (1.5) in Coast, Tulila Hydro-power (5) in Ruvuma, Iyovi Hydro-power (0.95) in Morogoro, Andoya Hydro-power (0.5) in Ruvuma, Darakuta Hydro-power.... Read more »

Posted on : Monday , 3rd October 2016

Tanzania: CTI - Business Friendly Govt Key for Growth

Dar es Salaam — The government has been advised to ensure drivers of industrialisation are in place to achieve and linked to attain the targets. There should be hard and soft infrastructure. Hard infrastructure includes roads, railways, ports, air and water system while soft infrastructure such as human resources and skills and finance. Confederation of Tanzania Industries chairman Samuel Nyantahe told.... Read more »

Posted on : Monday , 3rd October 2016

Tanzania: Govt Finalizes Local Content Policy for Gas Sector

Dar es Salaam — The government has said that it's currently in the last stages of compiling regulations for the local content policy for the gas and oil industry especially on the construction of a Liquidified Natural Gas (LNG) plant in Lindi. The deputy minister Ministry of Energy and Minerals Dr Medard Kalemani said this on the sidelines of a local content meeting on the natural gas industry in Tanzania under the theme.... Read more »

Posted on : Monday , 3rd October 2016

Kenya receives Shs2.5 billion grant to improve healthcare

Kenya has received a Sh2.5 billion grant from the World Bank to improve on healthcare service provision. Health Cabinet Secretary Dr Cleopa Mailu said the grant will be used to broaden the country's capacity to improve maternal and child health interventions and quality of care at primary health facilities. Mailu stated the grant given through the Kenya Health Sector Support Project (2010-2018) will be used to scale-up the.... Read more »

Posted on : Monday , 3rd October 2016

Energy experts urge Kenyan banks to help fund agri-business

Energy experts meeting in Nairobi have asked banks in Kenya and Africa in general to open up capital for funding agri-business. Speaking at a side event of the International Off-grid Renewable Energy Conference (IOREC) currently under way in Nairobi, three experts in the solar power sector decried the lack of capital from banks for the agricultural industry. Kenya general manager Charles Ahenda-Bengo said a lack of.... Read more »

Posted on : Monday , 3rd October 2016

New Road Infrastructure set to Boost Trade Kenya-Uganda Trade

Trade between Uganda and Kenya is projected to increase as the construction of a new and shorter route from Mbale to the Lwakaka border post in eastern Uganda kicks off. The state minister for trade, Michael Kafabusa Werikhe, said when this road is complete, the quantity of exports and imports through Kenya is set to increase. Warikhe was speaking at a contract-signing ceremony between Uganda National Roads Authority and.... Read more »

Posted on : Monday , 3rd October 2016

Africa LED & OLED Displays and Lighting Products Market to reach a value of US$ 874.0 Mn by 2026

According to a recent market report published by Future Market Insights titled, “LED & OLED Displays and Lighting Products Market: Africa Industry Analysis and Opportunity Assessment, 2016-2026,” the Africa LED & OLED displays and lighting products market was valued at US$ 684.9 Mn in 2015 and is expected to register a CAGR of 17.8% from 2016 to 2026. According to analysts at Future Market Insights, “Increasing.... Read more »

Posted on : Saturday , 1st October 2016

Maruti Suzuki India clocks 15 lakh vehicle exports

Passenger vehicles market leader Maruti Suzuki India has clocked cumulative exports of 15 lakh (1.5 million) vehicles. These vehicles have been exported to over 100 countries including Europe, Latin America and Africa, the company said in a statement. Early this year, the company's premium hatchback Baleno, manufactured exclusively in India, became the first car to be exported from India to Japan. The company started exports to.... Read more »

Posted on : Saturday , 1st October 2016

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