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

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Tanzania: Change Afoot to Relax Rule for Fuel Bulk Procurement

The government is weighing a plan to relax the rule on petroleum bulk procurement system that requires tendering oil firms to buy and supply the product in a cargo-to-cargo base other than the winner-takes-all-process. Scheduled to start from September, the system will be open to all pre-qualified Oil Marketing Companies, according to Petroleum Bulk Procurement Agency (PBPA). "We have further simplified procurement of oil.... Read more »

Posted on : Saturday , 24th September 2016

Bushveld receives IEA for Mokopane vanadium project in South Africa

The South African Mineral Resources Department has granted an integrated environmental authorisation (IEA) to Bushveld Minerals’ Mokopane vanadium project in South Africa’s Limpopo Province. The project is located 65km west of Polokwane and 45km north-northwest of Mokopane. Bushveld received authorisation in accordance with terms of Section 24 L of the National Environmental Management Act (Act 107 of.... Read more »

Posted on : Saturday , 24th September 2016

Gulp! These Scientists Are Turning CO2 Into Fish Food

It’s not often that you hear about the virtues of carbon dioxide. CO2 is a gas whose surfeit has turned it into one of the main contributors to global warming. But this October, on the windswept west coast of Norway, one refinery will use some of that CO2 to feed fish. How does a greenhouse gas turn into something that fish can eat? Through algae. Scientists at the Technology Centre Mongstad—the world’s.... Read more »

Posted on : Saturday , 24th September 2016

KenGen bets on modular power plant technology

Kenya Electricity Generating Company (KenGen) has announced commencement of bids for the construction of modular geothermal power plants at Olkaria. According to KenGen, the construction of the plant will reduce over reliance on hydroelectric power generation. The new system will also cut the costs of generation. Modular power plant will generate power using a well head generator that will tap steam from the geothermal wells..... Read more »

Posted on : Saturday , 24th September 2016

Solar can power African homes for $56 per year, says IRENA

Falling solar costs in Africa can drive solar boom on the continent as prices fall to $1.30 per watt for large-scale PV, and $1.90 per watt for mini-grids, finds new IRENA report. The International Renewable Energy Agency (IRENA) has today published a report outlining how tumbling solar costs are making PV one of the cheapest means for powering many parts of Africa. The report, titled Solar PV in Africa: Costs and.... Read more »

Posted on : Saturday , 24th September 2016

Ethiopia: Ministry Says Govt Committed to Develop Automotive Industry

The Ministry of Industry said that though the metal and engineering industry is at infant stage, it is playing crucial role in building the country's economy and advancing the technological capability of the nation. Speaking at the signing of automotive assembly partnership agreement between the local Belay Ab Motors Plc. and the Korean Car Manufacturing Company KIA Motors Corporation yesterday, State Minister Dr. Alemu Sime said.... Read more »

Posted on : Saturday , 24th September 2016

Tanzania: Local Contractors to Vie for Standard Gauge Railway Project Tender

The government is set to advertise a tender for construction of the Standard Gauge Railway earlier in December, this year, the Minister for Works, Transport and Communications, Professor Makame Mbarawa, has said. Prof Mbarawa made the revelation in Dar es Salaam yesterday while calling on local construction firms to form joint ventures to win the tender, adding that 1 trillion/- have been set aside for the tender. The.... Read more »

Posted on : Saturday , 24th September 2016

Domestic solar start-up d.light raises Sh2.2bn for East Africa expansion

Home solar solution provider d.light has announced it has secured $22.5 million (Sh2.2bn) in financing to grow its PayGo business and support its mission of providing solar energy solutions for households and small businesses around the world. The PayGo financing technology will help d.light’s growing list of partners provide modern, clean and reliable energy solutions to people living in off- grid communities who.... Read more »

Posted on : Saturday , 24th September 2016

Fund to back China's E. Africa investment

The China-Africa Development Fund said on Thursday that it was poised to strengthen its investment efforts in the East Africa Community region with the establishment of its representative office in Nairobi, Kenya. The office, based in Nairobi, is the fifth in Africa after others in South Africa, Ethiopia, Zambia and Ghana. It is specially designed to cater to the EAC. The new Kenya office aims to support and guide more.... Read more »

Posted on : Saturday , 24th September 2016

Qatar, South Africa eye stronger ties in food, retail

Discussions are being held between South Africa and several Qatari organisations in the food and retail industry due to growing demand for South African livestock and other consumer products, ambassador Sa’ad Cachalia has said. Cachalia noted that demand for South African goods is growing in Qatar. These include biscuits, juices, and meat. “We’ve been having discussions with Hassad Food and we’re.... Read more »

Posted on : Friday , 23rd September 2016

Govt. establishes clusters to strengthen human resource for health in counties

The Human Resource for Health Interagency Coordinating Committee (HRH-ICC) has established nine county clusters to address the human capital challenges in the country. More than 12,500 Health workers have been recruited by the county governments 26% of the overall target of 48,000 and 4,048 Community Health Extension Workers (CHEWS) to strengthen the county health services. According to the Director of Medical Services, Dr..... Read more »

Posted on : Friday , 23rd September 2016

Solar Ship To Cruise African Skies

Manaf Freighters has announced it will purchase four of Solar Ship’s aircraft for use in cargo delivery and disaster relief in remote areas of East and Central Africa. A solarship is more than just a blimp. It’s a hybrid aircraft that combines aerodynamic lift, aerostatic lift and solar power into a long range and very energy efficient cargo carrier. The manufacturer says the approach provides the lifting capacity of a truck.... Read more »

Posted on : Friday , 23rd September 2016

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