Market News Page No. 287| Africa Business News | Afrotrade

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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

Kenya: New Code Clears Way for Use of Local Materials to Cut Cost of Construction

Kenyans will in the next five years be allowed to build homes and office blocks using affordable local raw materials, bringing down the cost of construction. This follows a policy shift, which will see the country drop stringent guidelines that have long restricted developers to expensive brick and mortar. The country is moving always from the British Standards and Codes of Practice used for structural engineering.... Read more »

Posted on : Saturday , 1st October 2016

Kenya plays the lead role to introduce the first child-friendly TB medicines in the world

Kenya is the first country in the world to adopt the nationwide use of the child-friendly TB medicines. The Director of Medical Services, Dr. Jackson Kioko said from October 1st, 2016 all children diagnosed with tuberculosis will be treated using the improved child-friendly medicines free of charge at all public facilities. “The improved medicines are pleasantly flavored and dissolve in water therefore are easier to.... Read more »

Posted on : Saturday , 1st October 2016

Kenya: Economy Expands By 6.2% in Second Quarter

Kenya's economy expanded by 6.2 per cent in the second quarter of 2016 compared to 5.9 per cent at the same period last year, the Kenya National Bureau of Statistics has announced. The growth was largely driven by expansion in agriculture, forestry and fishing, transportation and storage, real estate, and wholesale and retail trade. The value of exports of horticultural crops grew by 47.1 per cent in the quarter under.... Read more »

Posted on : Saturday , 1st October 2016

Tanzania: Nigerian Firm Eyes 1.4trn/ - Power Project in Dar

Lagos — Nigerian company, Egbin Power Plc, has expressed interest to invest 630 million US Dollars (about 1.4trn/-) in construction of a natural gasfired power plant in Tanzania. The major boost to the country's power generation is the newest public-private partnership project expected to turn around the energy sector in the East African nation. Speaking to Tanzanian journalists on a five-day tour of Nigeria.... Read more »

Posted on : Saturday , 1st October 2016

Tanzania: Food Vendors in Dar Sensitised On Renewable Use

Food vendors in Dar es Salaam have been asked to embark on the use of renewable energy to boost their business productivity and income. Speaking in Dar es Salaam yesterday, an expert and Chief Executive Officer of the Institute of Management and Entrepreneurship Development (IMED), Dr Donath Olomi, said that use of advanced source of energy was valuable in their business than the use of charcoal. "Use of the.... Read more »

Posted on : Saturday , 1st October 2016

Tanzania: Industrialisation Plan Feasible - TBL

Dar es Salaam — Tanzania's industrialisation goals are achievable, a Tanzania Breweries Limited (TBL) Group official has said. He calling upon the country to learn from others that have undergone through similar processes. The TBL Group and East Africa technical director, Mr Gavin Van Wijk, said by learning from other countries' experiences, Tanzania would be able to design the best industrialisation approach to.... Read more »

Posted on : Saturday , 1st October 2016

Kenya promises a more organized mining sector

During the first Mining Forum ever held in Kenya, Mining Cabinet Secretary Dan Kazungu said his country will strive to have more organized mining sector. Among the first steps the government will implement to work towards that goal is conducting a year-long airborne survey to map mineral deposits. With an initial funding of approximately $29.64 million, the objective of the study is to attract mining explorers particularly to the.... Read more »

Posted on : Saturday , 1st October 2016

Tanzania economy grows 7.9pc in second quarter

Tanzania's economy grew 7.9 per cent in the second quarter of 2016, compared to 5.8 per cent during the same time last year, the state-run National Bureau of Statistics said on Thursday. "The growth of GDP in the second quarter was driven by mining, manufacturing and energy sectors," Albina Chuwa, the director general of the bureau, told a news conference. "The increased production of natural gas has.... Read more »

Posted on : Saturday , 1st October 2016

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