N e w s

Cape Town’s Investec invests big in solar power for Africa

 Pan-African development website ElicitAfrica.com reports Investec made the acquisition through its African private equity capability. The move will see the asset management service partner with Mobisol, a well-established solar power provider to low income households in Tanzania and Rwanda. The company is currently also entering the Kenyan market. ElicitAfrica.com quotes Mobisol as saying “the deal will see Investec Asset Management.... Read more »

Posted on : Thursday , 6th October 2016

Rwanda: Off-Grid Power Firm Roots for Renewable Energy Solutions

 Off-grid power solutions, including renewable energy sources, will play an instrumental role in the country's rural electrification programme.   Justus Mucyo, managing director of BBOXX, a local solar energy provider, said off-grid power supply for Rwandans who are not served by the national grid reduces pressure on forests, as well as the health risks presented by use of kerosene lamps and wood.   Mucyo said the firm is.... Read more »

Posted on : Thursday , 6th October 2016

Built by Chinese Engineering, Africa’s First Electric Rail Launches from Ethiopia to Djibouti

 Chinese-built Ethiopia-Djibouti railway officially starts operation on Wednesday, setting a milestone as Africa's first electric railway.   Stretching 725.7 kilometers and with a designed speed of 120 km per hour, the rail line will connect the Ethiopian capital Addis Ababa with Djibouti’s capital Djibouti. It is constructed by China Railway Group and China Civil Engineering Construction Corporation, a subsidiary of China.... Read more »

Posted on : Thursday , 6th October 2016

Tanzania: Onset of Bombardier Q400 Boost Tanzanian Growth Strategy

 Despite the fact that I am aware of diverse views on the subject of two newly acquired Air Tanzania Limited 76-seater Bombardier Q400 commercial aircraft of Canadian make, each of us has a duty to reason what we believe about the prospects of coming back of long-gone glory days under this government led by President John Pombe Magufuli.   As I leave politics to politicians, my focus in support to this achievement is on the economic.... Read more »

Posted on : Thursday , 6th October 2016

Black Rock Mining Ltd's graphite resource swells to third largest

 Black Rock Mining Ltd (ASX:BKT) has increased its total Mineral Resource by 24% to 162.5 million tonnes at 7.8% total graphitic content through infill drilling within the Mahenge project in Tanzania.   Infill drilling targeted the Ulanzi deposit, which has resulted in a 39% resource upgrade to Ulanzi.   Mahenge, which hosts the Ulanzi, Epanko and Cascade deposits is now the world’s third largest JORC compliant graphite.... Read more »

Posted on : Thursday , 6th October 2016

Tanzania: Cuba Offers to Boost Health Sector

 Dar es Salaam — As the government is set to launch a biotechnology plant for manufacturing products that kill mosquito larvae by the end of this year, the government will construct a pharmaceutical company to reduce the importation cost.   Vice President Samia Suluhu Hassan revealed that during a press briefing following the official visit of Cuba Vice President, Salvador Mesa.   Mr Mesa who was expected to leave on.... Read more »

Posted on : Thursday , 6th October 2016

Marriott International Rapidly Expands its Footprint across Africa

 Marriott International continues its robust expansion across the African continent with news of brand-new signings of new properties in Cape Town, Nairobi, Cairo and Mauritius. This announcement comes hot on the heels of Marriott's recently completed acquisition of Starwood Hotels and Resorts, which has created the world's largest hospitality. The transaction has increased Marriott's distribution in Africa, thus affirming the company's.... Read more »

Posted on : Thursday , 6th October 2016

Farmers to be cushioned with crop, livestock insurance - Uhuru

 President Uhuru Kenyatta on Wednesday said the government has introduced a crop insurance scheme to cushion farmers from adverse weather conditions.   Uhuru said the insurance scheme is being tested in Bungoma, Nakuru and Embu counties.   “Indeed, a thousand farmers in these counties have already benefitted from the premium subsidy at a cost of Sh300 million,” he said.   He said his administration has also.... Read more »

Posted on : Thursday , 6th October 2016

Dubai Chamber delegation meets Kenyan President to enhance economic ties

 In its quest to strengthen bilateral economic ties between Dubai and Kenya, the Dubai Chamber of Commerce and Industry-led business delegation met Uhuru Kenyatta, President of the Republic of Kenya, during their current visit to the strategic East African country.   During the meeting, the Kenyan President lauded Dubai Chamber’s efforts in opening a representative office in the Kenyan capital which he said is a step in the.... Read more »

Posted on : Thursday , 6th October 2016

Cement firms seek alternative products

 Cement makers are exploring opportunities for alternative building materials with a view to diversifying their product offering in a bid to stay afloat in the competitive industry, a top official said yesterday.   Savannah Cement managing director Ronald Ndegwa said the industry hopes to increase production capacity for ready-mix concrete deliveries for small to large building projects.   This will complement the existing.... Read more »

Posted on : Thursday , 6th October 2016

Hashi Energy lands Sh14 billion supplies deal from Dubai venture firm

 Hashi Energy Holdings has inked a lucrative Sh14.18 billion ($140 Million) partnership deal with Dubai's business group S.S. Lootah International.   It is targeting deals in supply of food and petrol, logistics and infrastructure in East and Central Africa.   Under the agreement, the two firms will collaborate to supply the United Nations' mission in the Democratic Republic of Congo with petroleum products, trucks for.... Read more »

Posted on : Thursday , 6th October 2016

Three steps for mining’s national rebirth

 THE Zambezi Protocol was developed on the banks of the river of that name at a meeting hosted by former Nigerian president Olusegun Obasanjo. Its opening lines state: "Africa’s mining sector is in crisis. At its root is a lack of trust between mining companies, governments and, indeed, the very nations they lead. A failure to tackle the crisis will result in serious, adverse implications for both economic growth and employment.... Read more »

Posted on : Wednesday , 5th October 2016



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