Market News Page No. 303| Africa Business News | Afrotrade

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Preparation for geothermal drilling campaign under way in Ethiopia

Reported from Addis Ababa today, the Geological Survey of Ethiopia has announced that preparations are underway to begin drilling of 12 geothermal wells at Airobera, Alelobeda and Dubti areas in Afar Regional State. Tamiru Mersha, Communication Director at GSE, said drilling of the 325MW wells will begin this Ethiopian budget year. According to him, six wells will be drilled at Airobera and Alelobeda with the financial and.... Read more »

Posted on : Thursday , 1st September 2016

Renault to increase exports from India, eyes African market

French auto major Renault is looking to enhance exports from India to neighbouring countries and Africa as it seeks to make the country a manufacturing hub. "Last month we started exporting Duster and Kwid to Sri Lanka. This month we will be entering Nepal while we also prepare to enter Bhutan," Sumit Sawhney, country CEO and managing director, Renault India Operations, told PTI. Not only the.... Read more »

Posted on : Thursday , 1st September 2016

SA-made drone set to disrupt power sector

A power line inspection drone designed by local robotics engineers could be the answer to Eskom’s power cut woes, and has already piqued the interest of overseas governments. Durban engineers Trevor Lorimer and Timothy Rowell built the first prototype as part of a master’s degree project to develop the power line robot, which is almost ready to be produced for industrial use. The duo worked with Eskom and the.... Read more »

Posted on : Thursday , 1st September 2016

A new chapter � Toyota�s drive for Africa expansion

Car manufacturer Toyota is well known, but Toyota Tsusho less so. We spoke to the trading subsidiary to find out more about its African operations. Can you explain what the Toyota Tsusho division is, how it originated and its objectives? Toyota Tsusho, established in 1948, is the sole general trading company within the Toyota Group. It has some 53,000 employees and its global network encompasses Japan, approximately 90.... Read more »

Posted on : Thursday , 1st September 2016

Solar-Powered Oxygen Saves Lives in Africa

If you’ve ever stayed in a hospital, you might remember the oxygen delivery system mounted on the wall behind your bed or at your bedside. Many of us take these for granted, but in developing countries such as Uganda they are not easily available—and even when present, they are unreliable because power cuts are rife. Now, scientists have devised an innovative solution for delivering oxygen to children with severe pneumonia:.... Read more »

Posted on : Thursday , 1st September 2016

Kenya: Ghana and Kenya to Promote Intra-Trade, Says Leaders

Nairobi — President Uhuru Kenyatta Monday held talks with Ghanaian leader John Dramani Mahama which centred on cooperation in energy, oil, telecommunications and aviation. At their State House Nairobi meeting, they discussed ways of enriching the bonds of friendship and cooperation between the two countries to improve on the ease of doing business so as to increase overall intra-African trade. President Mahama was.... Read more »

Posted on : Thursday , 1st September 2016

Africa: Lessons From Kenya About What's Holding Back Solar Technology in Africa

The spread of solar and other modern energy technologies in African countries is considerably low. Despite the global viability and growth in the solar energy market, African countries continue to lag behind. They represent less than 1% of the market demand for solar energy. The region accounts for only 9% of the global installed capacity of photo-voltaics (PV) which convert light into electricity using semi-conducting materials..... Read more »

Posted on : Thursday , 1st September 2016

East Africa: New Railway Line Plan Sketched

The government has outlined a three-year timeline for the construction of a 7.6 billion US dollar (15 trillion/-) railway line - a major trade artery between Tanzania and its landlocked neighbours of Burundi, Rwanda and Democratic Republic of Congo (DRC). The Standard Gauge project, which is supported by China's Exim Bank, is scheduled to start anytime from now, the Minister for Works, Transport and Communications, Professor.... Read more »

Posted on : Thursday , 1st September 2016

Ethiopia: Canadian Investors Keen to Engage in Energy, Mining Sectors

Ethiopia and Canada discussed to further strengthen their bilateral relations in the areas of trade, investment, peace and security. Foreign Minister Dr. Tedros Adhanom held talks with Office of the Ministry of International Development Parlimentary Secretary Karina Gould here yesterday. The Secretary told journalists following the talks that Canadian business communities are interested to invest in energy, mining,.... Read more »

Posted on : Thursday , 1st September 2016

Africa: The Future Will Be Built in Africa - Mark Zuckerberg

Facebook founder and CEO, Mark Zuckerberg, has said the "future of the world" will be built on the African continent. Zuckerberg made the statement during his first Sub-Saharan visit to Africa in Lagos, Nigeria on Tuesday. A small group of media were invited to a live-stream of the Nigerian event in Johannesburg on Wednesday. "The thing that is striking [about Nigeria] is the entrepreneurial.... Read more »

Posted on : Thursday , 1st September 2016

Tanzania Pension Fund Loan USD2.1m to Biotech Industrial Project

The National Social Security Fund (NSSF) of Tanzania recently disbursed USD2.1m to the Tanzania Biotech Product Limited in Kibaha for production expansion. The factory is under the National Development Corporation (NDC) and is designed to manufacture biotech products that kill mosquito larva. The NSSF decision to invest in such project follows the directives of President Magufuli for pension funds to grant funds to industrial.... Read more »

Posted on : Thursday , 1st September 2016

The Government enhancing Health-care to the vulnerable

The Government is providing additional budgetary resources for the poor and other vulnerable citizens, to address the out of pocket expenditure. “Eliminating the user fees for maternity and primary health care services in public health facilities is meant to address the 30 percent health expenditure which has been an impediment to accessing care, especially for the poor and other vulnerable citizens. The remarks were made.... Read more »

Posted on : Thursday , 1st September 2016

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