Market News Page No. 301| Africa Business News | Afrotrade

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Unlocking the potential of Africa's oil and gas sector

A fall in the global oil prices has led to a reduced level of activity across the African continent and has affected countries that rely on oil and gas revenue Despite this, there are still significant opportunities for Africa’s oil and gas sector. Chris Bredenhann, PwC Africa Oil & Gas Advisory Leader, said that the industry needs to look further than the challenges caused by low oil prices and evaluate.... Read more »

Posted on : Friday , 2nd September 2016

AKON PROVIDES ELECTRICITY TO 80 MILLION AFRICANS

Here in the west, Akon is a celebrity mostly known by his musical hits like “Locked Up,” “Lonely,” “Belly Dancer,” and “Ghetto” to name just a few. But his most amazing noteworthy achievement and legacy, which has not been mentioned much in the mainstream western media, is that through his entrepreneurial endeavors stemming from the success that he had through his music career, he.... Read more »

Posted on : Friday , 2nd September 2016

Solar power tops investment opportunity ranking in Africa

Solar power topped the ranking of most promising investment opportunities in Africa as the energy sector was considered to be the main driver of economic growth within the 2020 horizon, according to survey among top finance institution. The survey was carried out among 55 financial institutions and banks for the second edition of the Havas Horizons study on finance for growth in Africa, published by Paris-based communication.... Read more »

Posted on : Friday , 2nd September 2016

Vehicle exports bounce back strongly

VEHICLE exports bounced back strongly in August after two months of treading water, reviving hopes that South African motor industry production will achieve record levels in 2016. Local motor companies exported 35,620 cars and commercial vehicles last month, 27% more than they managed in August 2015. As a result, exports for the year to date – 232,324 – rebounded from a deficit at the end of July, to an overall.... Read more »

Posted on : Friday , 2nd September 2016

South Africa Looks to Modern Mining for Youth Empowerment

ven in 2016, the term “mining” brings to mind images of dust-covered coal miners with pickaxes. South Africa is rolling out a youth empowerment program in urban mining through its state-run mining and metallurgical entity, Mintek, that couldn’t be more different. Contrary to what its name suggests, urban mining does not involve any actual resource extraction. Urban mining is the slightly more glamorous and modern-day.... Read more »

Posted on : Friday , 2nd September 2016

South African printer Traderplus makes double inkjet investment

South African printer Traderplus has ordered two ColourPrint engines from IIJ following its initial success with inkjet technology. Traderplus is a printing company based in Durban, South Africa, with manufacturing plants in both Suzhou Industrial Park, China and Durban. It has 28 years of printing and fulfillment experience. Traderplus is IIJ’s most high profile customer so far in Africa, where the inkjet.... Read more »

Posted on : Friday , 2nd September 2016

LIGHTING YOUR WORKSPACES: RHINO LIGHTING SHARES TIPS ON HOW LEDS CAN HELP YOU TO CUT YOUR ENERGY BILL EFFICIENTLY

Despite a promise by parastatal Eskom of no load-shedding for the foreseeable future, soaring energy prices have forced businesses to continue to cut energy consumption. The issue has become particularly crucial for companies bearing the ISO 50001 energy management standard certification, which requires an energy-saving plan, which targets a reduction of 10 to 15% per year. Conducting energy audits and embracing.... Read more »

Posted on : Friday , 2nd September 2016

Tackling Air Quality Prediction in South Africa With Machine Learning

Machine learning is nipping at the heels of conventional physical modeling of air quality predictions in more and more places. The latest is Johannesburg, South Africa, where computer engineer Tapiwa M. Chiwewe at the newly opened IBM Research lab is adapting IBM’s air quality prediction software to local needs and adding new capabilities. The work is an expansion of the so-called Green Horizons initiative, in which IBM researchers.... Read more »

Posted on : Friday , 2nd September 2016

Cider packaging market to grow at 4.98% CAGR during 2016-2020 set to grow according to forecasts

The analysts forecast global cider packaging market to grow at a CAGR of 4.98% during the period 2016-2020. The worldwide consumption of cider is expected to grow at a rate of 5% per year and will reach 3 billion liters by 2020. The market will see a slowdown in its largest market in Europe which accounts for more than 40%. However, it is expected to witness strong growth in the markets of the US, Australia, and South.... Read more »

Posted on : Friday , 2nd September 2016

About 600 EA doctors to undergo advanced cancer, neurology training

About 600 medical specialists in East Africa will undergo a four-year medical training fellowship in a move expected to help improve rate of early detection and treatment of cancer and neurological diseases. The fellowship is also expected to address the ratio of doctors to patients in the region’s growing population. Kenya, for instance, has about 22 neurosurgeons — 12 of which are paediatrician neurologists.... Read more »

Posted on : Friday , 2nd September 2016

345,000 Tanzanian Famers to Receive TZS114b in Agriculture Loans in 2016

The Tanzania Private Agricultural Sector Support (PASS) plans to reach 345,000 agricultural entrepreneurs with TZS114b guaranteed loans in 2016. PASS is a Non-Governmental Organization (NGO) which assists farmers to access loan facilities for viable investments through appraisal of loan write ups in line with specific bank’s terms and conditions. Nicomed Bohay, PASS Managing Director, explained that the organization will help maize.... Read more »

Posted on : Friday , 2nd September 2016

Tanzania: Arusha Tenants to Enjoy Mlimani City Apartments As Firm Expands

Dar es Salaam — Mlimani City is expanding its footprint amid reports that the mall is currently operating at 100 per cent occupancy. While the firm is expanding its current facility in Dar es Salaam, it will also soon build a property in Arusha, according to a top official. The property was developed in 2004 by a Botswana-based investor Gulaam Husain Abdoola of GH Group that injected an $80-million investment after.... Read more »

Posted on : Friday , 2nd September 2016

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