Market News Page No. 302| Africa Business News | Afrotrade

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Tanzania Entrepreneurship and Competitiveness Centre Officially Launched

Tanzania officially launched the Tanzania Entrepreneurship and Competitiveness Centre (TECC) to promote entrepreneurial innovation and competitiveness in the country. TECC aims to promote entrepreneurship and competitiveness in Small and Medium Enterprises (SMEs) in Tanzania through: Skills development in entrepreneurship, innovation and competitiveness Promoting local economic development using the triple helix cluster approach.... Read more »

Posted on : Thursday , 15th September 2016

Tanzania: CTI Study Roots for Expertise Sharing to Industrialise Tanzania

Dar es Salaam — Industrialists have advised the government to strengthen the Small Industries Development Organisation (Sido) and support small and medium-size enterprises (SMEs) to form business groups and clusters. They have said by so doing such parties will share expertise vital for industrialisation. Confederation of Tanzania Industries (CTI) chairman Samuel Nyantahe said the organisation had prepared a report on.... Read more »

Posted on : Thursday , 15th September 2016

African Fabric Month promotes artistic use of fabrics

Cultured Expressions is celebrating a new venture called African Fabric Month to promote artistic and practical uses of African fabrics. The company wishes to honour African cultures that create authentic fabrics by encouraging DIY audience to participate in fun, educational and culturally relevant activities during this month-long celebration in September. Cultured Expressions has sponsored the venture to put the spotlight on some of the.... Read more »

Posted on : Wednesday , 14th September 2016

Debunking the myths of solar energy

If your residential complex wants to get on solar here’s why the cost to install it may not matter…. “Solar is expensive” It really depends on how you look at solar. If you talk about solar panels, boxes and wires ‘the technology’, this is true. The initial upfront cost is high. As a simple rule, installing a solar system will cost around 8-10 times the annual electricity bill you want.... Read more »

Posted on : Wednesday , 14th September 2016

Lubricants Market Size to Reach 47.75 million tons by 2022

The global lubricants market was evaluated at 37000 million US dollars during year 2014 in terms of revenue. It is predicted to cross 74000 million US dollars by end of year 2022. The global industry is anticipated to grow at a CAGR growth rate of 8.5% during the estimated period in revenue terms. The growth of the global lubricants market is promoted due to aspects like rapid industrialization in the APAC zone. Growing.... Read more »

Posted on : Wednesday , 14th September 2016

Prodways teams with CAD House to deliver 3D printing solutions in South Africa

Industrial 3D printer manufacturer, Prodways has expanded into the South African market in a new partnership deal with local CAD and 3D printing solutions company, CAD House. Founded in 2010 by Bernhard Vogt, who has more than 20 years’ experience in automotive and aerospace design, CAD House has grown from a small home-based business to a strong, established company offering turnkey solutions in South Africa. CAD House has.... Read more »

Posted on : Wednesday , 14th September 2016

Ethiopia: Power Transmission Line From Gibe III to National Grid Installed

The Ministry of Water, Irrigation and Electricity said that the installation of transmission lines that would transfer power generated from Ghibe III to the national grid has been finalized. Briefing journalists Thursday State Minister Eng. Wondimu Tekle said the essential installations from the dam to the national grid through Wolaiyta - Akaki Gelan have been carried out. The State Minister said that though the project.... Read more »

Posted on : Wednesday , 14th September 2016

East Africa: Ethiopia Envisions to Generate 17,000 MW From Renewable Energy

Environment and Climate Change Minister Dr. Shiferaw Teklemariam said that Ethiopia looks to lead Africa in planing and constructing large hydro-power projects from solar, wind, geothermal and hydro power sources. Opening a two-day International Conference and Exhibition on Renewable Energy with the theme: 'Powering Resilience with Renewables' here yesterday, the Minister said by the end of 2020, Ethiopia planned to generate about.... Read more »

Posted on : Wednesday , 14th September 2016

Ethiopia: Artistic Printing Privatized

Artistic Printing Enterprise, one of the public enterprises in Ethiopia, has been privatized by a joint venture formed between Feleke Trading PLC and Corporate Computer Center PLC. The joint venture is declared to have won the bid after submitting a bid price of 329 million Birr. Representatives of the joint venture concluded the privatization agreement with Ministry of Public Enterprise on Tuesday, September 6, 2016. The.... Read more »

Posted on : Wednesday , 14th September 2016

Dodoma Telecommunications Set to Improve With Fibre Network

The Tanzania Telecommunication Company Limited (TTCL) will establish optic fibre rings network (Local Area Network, LAN) in Tanzanian capital Dodoma to improve local telecommunications. The announcement was recently made by Kamugisha Kazaura, CEO of TTCL, who explained that the plan of TTCL follows the government’s decision to move its headquarters to Dodoma, from Dar Es Salaam, over the next 5 years. Kazaura also said that the.... Read more »

Posted on : Wednesday , 14th September 2016

South Africa: Sasol's Cost-Containment Strategies Yield Results

Sasol's [JSE:SOL] restructuring programme, implemented as far back as 2012, aimed to reduce cost sustainably and has helped make the group more efficient, according to chief financial officer Paul Victor. He was speaking at an interview with Fin24 following the group's financial results announcement for the year ended June 30 2016 at its head office in Johannesburg. The group's financial results were impacted by the falling oil.... Read more »

Posted on : Wednesday , 14th September 2016

Kenya to Set Out Roadmap for Achieving SDGs

Nairobi — Kenya was on Wednesday set to launch a roadmap that will guide the country in its quest to achieve the 17 Sustainable Development Goals (SDGs). President Uhuru Kenyatta will present the same roadmap to the United Nations General Assembly (UNGA) that will converge in New York next week. "It will be the major accomplishments that President Kenyatta will be presenting to the UNGA next week to showcase.... Read more »

Posted on : Wednesday , 14th September 2016

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