Market News Page No. 298| Africa Business News | Afrotrade

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Kenya: Businesses to Benefit From E-Govt Project, Says Mucheru

More than 41,000 people working in business processing and outsourcing firms are set to benefit from the ongoing digital infrastructure project by the national government, Information Cabinet Secretary Joe Mucheru has said. Speaking at Kenya School of Government in Kiambu County on Monday, CS Mucheru said more online jobs will be created once all government departments embrace e-government, making information readily available for.... Read more »

Posted on : Wednesday , 7th September 2016

Buckreef Gold Mine Receive USD1.25m Financing for Development

Tanzanian Royalty Exploration Corporation (TSE: TNX; NYSE MKT: TRX) received the first USD1.25m tranche of USD5m financing for mining development at its Buckreef gold mine. The funds will be used by the company to expand its production team necessary to boost development of the Buckreef gold mine in Tanzania. The capital is raised through a private placement of securities with Crede CG III, a wholly-owned subsidiary of Crede Capital.... Read more »

Posted on : Wednesday , 7th September 2016

Feature: Innovative way of cutting cost of houses in Kenya

A Kenyan software developer is giving prospective home owners an ingenious option of designing interior finishings of their homes amidst fast rising of property prices in the urban centers. With the virtual interior design application developed by Busalire Emeka, buyers eyeing a particular house under construction can select and define decorations of the interior sections. In this way, Emeka says, buyers can reduce the.... Read more »

Posted on : Wednesday , 7th September 2016

Tanzania: India Set to Fund Water Projects

Dodoma — The government of India has agreed to provide a 500 million US dollars (1.094 trillion/-) concessional loan to finance water supply projects in 17 councils in Tanzania, the National Assembly was told here yesterday. The Deputy Minister for Water and Irrigation, Engineer Isack Kamwele, told the House that the funds acquired from the development partner will be spent by the government on implementation of the projects.... Read more »

Posted on : Wednesday , 7th September 2016

Tanzania: State Keen On Improving Health Care Nationwide

Dodoma — The government said yesterday it is well committed to confront major challenges in the funding and delivery of rural health care, stressing that plans are underway to improve the health sector across the country. The Deputy Minister of State President Office (Regional Administration and Local Governments), Mr Selemani Jaffo, issued the government position in the National Assembly while responding to a supplementary.... Read more »

Posted on : Wednesday , 7th September 2016

Rwanda: New System to Manage Building Permits in Secondary Cities to Be Launched Today

Rwanda Housing Authority (RHA) will today launch a new system to manage building permits in secondary cities across the country, a step that experts have described as a breakthrough in harmonising the issuance of building permits across the country. RHA will launch the Building Permitting Management Information System (BPMIS) in Musanze, Northern Province, in collaboration with the World Bank Group's International Finance.... Read more »

Posted on : Wednesday , 7th September 2016

Tanzania: Sh32 Billion Mererani Road to Be Ready December

Mererani — Upgrading of the 22 kilometre road linking Mererani gemstone mines to the rest of the country through Kilimanjaro International Airport (KIA) will be complete by the end of this year, it was revealed here recently. The project costs Sh.32 billion and is being undertaken by a Chinese construction firm, China Henan International Corporation Group Limited (Chico). Manyara regional manager for Tanzania National Roads.... Read more »

Posted on : Wednesday , 7th September 2016

Ethiopia: Repi Waste-to-Energy Project Nearing Completion

The Ministry of Water, Irrigation and Electricity said that the Repi waste-to-energy project is 87 per cent complete. The UK-based Cambridge Industries and China National Electric Engineering Corporation are undertaking the over 95 million USD project. The plant, which lies on 53,123 hectares of land is designed to generate 50MW. According to Project Deputy Head Nicholas Halias, the overall construction work including.... Read more »

Posted on : Wednesday , 7th September 2016

Strandline Resources Ltd seeks new mineral sands from drilling in Tanzania

Strandline Resources Ltd’s (ASX:STA) is expanding exploration and development programs at the company’s Tanzania-based mineral sands projects. The zircon-rich Fungoni deposit in Tanzania has an indicated resource of 11 million tonnes at 3.1% Total Heavy Minerals (THM) with a valuable assemblage of 22% zircon, 4% rutile and 44% ilmenite. The drilling campaign to extend the resources at Fungoni as part of a.... Read more »

Posted on : Wednesday , 7th September 2016

Southern Sun Dar es Salaam completes $4.2-million refurbishment

At a cost of approximately $4.2-million, The Southern Sun Dar es Salaam hotel has just completed a major refurbishment of all 152 en-suite rooms. Tsogo Sun collaborated with Blacksmith Interior Inspiration, a well-known industry-experienced interior designing outfit, to ensure that the designs of the bedrooms were practical and combined global hotel design trends and standards with local market requirements. Cognisant of the.... Read more »

Posted on : Wednesday , 7th September 2016

East Africa: Tanzania Joins List for Ethiopian Electricity Sales

Addis Ababa — Ethiopian Electric Power Corporation (EEP) last week announced Tanzania will buy 400MW of hydro-power processed electricity writes SAM OKWAKOL According to the Ethiopian News Agency, the agreement between the two countries will be finalised in the coming weeks. EEP's Chief Executive Officer, Eng. Azeb Asnake said, "The new power export deal will fosters economic integration and strengthen.... Read more »

Posted on : Wednesday , 7th September 2016

Tanzania: Experts Hail Oil, Gas Extraction Strategies

The government is so far on the right track in its strategies of drilling and extraction of gas in various areas in the Southern regions, Norwegian experts have said. Speaking during an exclusive interview with the 'Daily News', they said so far the government through its bodies has managed to take all required measures for drilling and extraction of gas. Mr Gudmund Rydning, a principal engineer with Norwegian Petroleum.... Read more »

Posted on : Wednesday , 7th September 2016

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