Market News Page No. 291| Africa Business News | Afrotrade

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Tanzania: High-Tech Equipment Sought to Detect Natural Forces

The government has arranged to acquire sophisticated equipment that will be used to undertake deep geologic surveys to detect the magnitude of natural forces like earthquake. Going by scientific term as Magnetotelluric, the machines, to be ordered from Germany, France, China or Japan, will make it possible for the country to measure and take immediate measurements of the quakes and take informed decisions. Energy and Minerals.... Read more »

Posted on : Friday , 23rd September 2016

Auto policy now under review � NADDC

The National Automotive Design and Development Council (NADDC) has said that it has started reviewing the country’s automotive policy with the stakeholders in the auto industry in order to eliminate the hindrances currently bedeviling the sector. The director, Policy and Planning, Mr Luqman Mamuda, who disclosed this, noted that when the policy was made in 2014, many companies welcomed it because of the tariff differentials between.... Read more »

Posted on : Friday , 23rd September 2016

IRENA Claims Solar In Africa Is Set To Boom Thanks To Declining Costs

The International Renewable Energy Agency has published a new report claiming that the falling technology costs of solar PV are likely to result in an installation boom across Africa. “The business case for solar photovoltaics (PV) in Africa is stronger than ever thanks to rapidly declining technology costs” wrote the International Renewable Energy Agency (IRENA) in their new report, published this week, entitled Solar.... Read more »

Posted on : Friday , 23rd September 2016

Dahabshiil roots for US-Africa trade deals

Young African entrepreneurs stand to gain more from enhanced business partnerships between the United States and Africa according to money transfer firm Dahabshiil's CEO Abdirashid Duale. Speaking after the just concluded US-Africa business forum in New York, Duale, whose company operates in the US and in Africa, says the opening of opportunities for African investors in the US has helped turn around the lives of.... Read more »

Posted on : Friday , 23rd September 2016

Kenya to Spend Sh3 Billion on Mineral Survey

The government says it will spend Sh3 billion to map out mineral sites with the aim of identifying all minerals as part of the country's industrialization strategy. "The process will begin immediately because the cash was factored in the current financial year," said Mining Cabinet Secretary Dan Kazungu on Tuesday. "This exercise will enable us to discover all the mineral within our borders... mining is set.... Read more »

Posted on : Friday , 23rd September 2016

Kenya: Innovation Africa 2016 Officially Opens in Kenya

The Innovation Africa Summit 2016 dubbed "designed and made for Africa by Africa", Africa's leading annual Education and ICT forum was officially opened by the Education Cabinet Secretary Dr. Fred Matiang'i at Safari Park Hotel, Nairobi. The three-day Forum is being hosted in the country under the auspices of the Ministry of Education and had in attendance government officials led by over 25 African Ministers. Innovation.... Read more »

Posted on : Friday , 23rd September 2016

Rwanda�s set to fulfil energy generation ambitions

THE East African country’s development agenda of Vision 2020, which aims to achieve 70 percent electrification connectivity and 563 megawatt generation capacity by 2018, will be under the spotlight during the Infrastructure Partnerships for African Developments (iPAD) Rwanda Energy Infrastructure Forum in November. The third edition of the iPAD returns to Kigali in with the continued strong, official support of the state power.... Read more »

Posted on : Friday , 23rd September 2016

Edenville Energy provides update on Rukwa coal project financial modelling

Edenville Energy, the company developing an integrated coal-to-power project in western Tanzania, has provided an update on the status of the financial modelling work for the project. A newly constructed financial model for the company's Rukwa coal-to-power project has been completed by Diamond Energy Ltd, an independent power modelling consultant, commissioned by the company. Rufus Short, CEO of Edenville Energy, said:.... Read more »

Posted on : Friday , 23rd September 2016

Armadale to increase focus on Tanzania graphite project

Investment company Armadale Capital will increase its focus on further developing its Mahenge Liandu graphite project in south-east Tanzania, as it represent an “exciting new investment”. Being a key element in the global battery market, the potential of the graphite prospect led to a successful £825 000 equity raising in June. To date, electromagnetic surveys, together with geological mapping have indicated a.... Read more »

Posted on : Friday , 23rd September 2016

Tanzania's leading medical facility set to perform kidney transplant

Tanzania's leading medical facility Muhimbili National Hospital (MNH) will next year begin performing kidney transplant surgery, saving millions of dollars spent by the east African nation for referring patients abroad, an official said on Thursday. Hedwiga Swai, the MNH Director of Medical Services, said the medical facility has secured 1.8 million U.S. dollars from the National Health Insurance Fund (NHIF) for the construction.... Read more »

Posted on : Friday , 23rd September 2016

State drafts new regulation to rev up ailing sugar industry

The government is drafting a sugar regulation to bring sanity to the industry in the wake of poor local production, which has given cartels room to manipulate the market. Agriculture Principal secretary Richard Lesiyampe said there was a sugar regulation in 2001 but to date, it has never been gazetted. This has left the industry in the hands of tycoons who control the market, making Kenya to rely heavily on imports from.... Read more »

Posted on : Friday , 23rd September 2016

Kenya receives Sh700m in grants for energy sector

The Energy sector received a major boost yesterday when US President Barack Obama's government gave Kenya grants worth Sh700 million for green energy projects. Speaking at the signing ceremony witnessed by Obama, Deputy President William Ruto said the money will be used to fund clean energy projects in the country. "We have been working on increasing power generation in the country, so these grants will allow us to.... Read more »

Posted on : Friday , 23rd September 2016

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