Market News Page No. 295| Africa Business News | Afrotrade

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Kenyan forum pledges fund, commitment to transform Africa's agriculture

The 6th African Green Revolution Forum concluded in Nairobi on Friday, with delegates endorsing a communique to hasten agricultural transformation in the continent. About 1,500 delegates from 40 countries, including heads of state, industry executives, and heads of donor agencies and researchers, attended the forum that sought to inject fresh impetus into the quest for a green revolution in Africa. The communique said.... Read more »

Posted on : Monday , 12th September 2016

Transport firm Express Kenya now goes into real estate

Transport and warehousing company Express Kenya says low interest rates will boost its entry into the real estate business, even though it has been in the red for three years now. The firm, which lost its main logistics business line with East Africa Breweries Ltd three years ago — forcing it to lease out its fleet and equipment — has rolled out plans to construct a housing estate. “The company is in the.... Read more »

Posted on : Monday , 12th September 2016

Sh38b managed medical project now bearing fruit for Kenyans

In 2013, the national government came up with an ambitious plan to equip county hospitals in partnership with county governments. After a protracted back and forth, governors agreed to sign the deal totalling Sh38 billion. Migori Senator Wilfred Machage moved a motion requiring the establishment of level five and level four health facilities in each county before the term of the current government expires. This gave rise to Managed.... Read more »

Posted on : Monday , 12th September 2016

Kenya to donate Sh500m to global fund to fight HIV, TB and malaria

Kenya will donate Sh500 million towards the Global Fund kitty to fight HIV and Aids, tuberculosis and malaria. According to State House spokesman Manoah Esipisu President Uhuru Kenyatta will announce the donation during the 5th Global Fund Replenishment Conference to be held in Montreal, Canada, on September 16 and 17. Mr Esipisu said Uhuru had been invited by Canadian Prime Minister Justin Trudeau whose country will also.... Read more »

Posted on : Monday , 12th September 2016

Power from recycled water lights up Kirinyaga businesses

The mention of recently concluded Sixth Tokyo International Conference on African Development (Ticad VI) sends the thoughts of many to Nairobi city, which has recently become a favourite destination for international meetings. However, as a side event during that conference, some delegates toured Kirinyaga County in central Kenya. Like Nairobi, the sleepy Nyakiungu and Kiuria villages should have been as popular, at least.... Read more »

Posted on : Thursday , 8th September 2016

How bamboo farming galvanises the Made-in-Rwanda campaign

It might be a policy in Rwanda that bamboo trees are fully integrated into forestry and overall development strategies, but a section of society still feels that little attention has been paid regarding bamboo’s potential to offer solutions to the country’s employment challenges. Jean Bosco Uwizeyimana, the managing director of Bambousa Ltd, said a public-private partnership in the management of bamboo plantations in.... Read more »

Posted on : Thursday , 8th September 2016

South African Economy Expands Most Since 2014 as Mining Rebounds

South Africa’s economy avoided a second recession in seven years as mining and factory output rebounded. Gross domestic product rose an annualized 3.3 percent in the second quarter, compared with a 1.2 percent contraction the previous three months, the statistics office said in a report released on Tuesday in the capital, Pretoria. The median of 19 economist estimates compiled by Bloomberg was for 2.6 percent growth. The economy.... Read more »

Posted on : Thursday , 8th September 2016

Tanzania: World Bank Grants Sh576 Million to Schools

World Bank has issued a grant of Sh576 million to three public primary schools in the district for the construction of classrooms and toilets. The schools are Ludete, Lutonzo and Nyawilimilwa, according to Geita District education officer Deus Seif. He said this during a tour by Geita District Commissioner Herman Kapufi, to the schools on Tuesday. According to the district education officer pupils have been forced to.... Read more »

Posted on : Thursday , 8th September 2016

African Health Ministers to Endorse Regional Oral Health Strategy for 2016-2025

Today, health ministers of the WHO African Region will endorse a strategy for Member States to improve oral health and enhance control of non-communicable diseases in general. “Oral health conditions have an impact on the quality of life of the affected, whereas treatment is costly for individuals, communities and countries. Yet, there are efficient and affordable interventions that could be brought to the people where they.... Read more »

Posted on : Thursday , 8th September 2016

East Africa nations race to become region�s first oil exporter

Major oil discoveries in Uganda, Kenya, Tanzania and Mozambique have made East Africa a subject of intense interest among the global energy industry The speed at which governments in East Africa are developing hydrocarbon reserves is a clear indication of their will to cement the region’s reputation as the new hotspot in hydrocarbon exploration and production. Just last week, Tanzanian President John Magufuli ordered that.... Read more »

Posted on : Thursday , 8th September 2016

Africa: Experts Call for Creative Financing to Boost Infrastructure Development

The number of people involved in informal trade is growing, but most in the region don't have access to proper transport means. This is one of the challenges highlighted during the last day of The Global African Investment Summit that closed on Tuesday in Kigali. It was noted that only one in four households in the Common Market for Eastern and Southern Africa (COMESA) region has access to energy, and the majority of them.... Read more »

Posted on : Thursday , 8th September 2016

Rise of the machines

Consultancy group Juniper Research has forecasted that fintech platform revenues for unsecured consumer loans issued using machine learning technology are set to see a jump of 960 per cent during the period 2016-2021, rising to $17 billion globally in 2021. The rise is driven by advances in analytics and accessible computing power. Specifically artificial intelligence (AI) is expected to advance rapidly, according to Juniper's new report,.... Read more »

Posted on : Thursday , 8th September 2016

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