Market News Page No. 317| Africa Business News | Afrotrade

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Tanzania: Enterprise Growth Market Cap Reaches 120 Billion/-

Enterprise Growth Market (EGM), Dar es Salaam Stock Exchange second window, has proved to be a catalyst for growth. The alternative offers opportunities for small and medium-sized companies, total market capitalisation reached 120bn/- at the end of last month. DSE Chief Executive Officer Moremi Marwa said in Dar es Salaam yesterday that the alternative market offers opportunities for SMEs to migrate from their current.... Read more »

Posted on : Wednesday , 7th September 2016

LOCAL MAKER CREATES UPGRADE FOR CLASSIC 3D PRINTER DESIGN

The Prusa i3 3D printer may be something of a dependable warhorse in the maker field, but that doesn’t mean it can’t be improved. Local maker Dave O’Brien and creator of Totilly3d – a 3D printing service based in Amanzimtoti – agrees and has taken to making his version of the i3 better. After redesigning many parts of the printer and replacing them with his own 3D prints, O’Brien still.... Read more »

Posted on : Wednesday , 7th September 2016

Brother wins BLI Summer 2016 Pick Awards for printers/MFCs

Brother Industries, a parent company of Brother International South Africa, one of the leading global manufacturers of laser and inkjet printing devices, has won five "Summer 2016 Pick Awards" in printers/MFPs and scanners, based on rigorous evaluation by Buyers Laboratory* (BLI), an independent evaluation organisation. Winning Brother products Monochrome printers/MFCs for small/mid-sized.... Read more »

Posted on : Wednesday , 7th September 2016

Mott MacDonald provides technical advisory to Kathu Solar Park backers

The Kathu Solar Park promises to deliver 100 MW of power to the South African grid, leveraging Concentrated Solar Power technology with a 4.5 hour storage capacity. Mott MacDonald supplied lender’s technical due diligence to financers of the project. One of the current difficulties with solar energy generation is that, when the sun is not shining, there is little generation. Besides not delivering energy at night, or when.... Read more »

Posted on : Wednesday , 7th September 2016

African Association of Automotive Manufacturers delegation targets Abuja for business

The development and promotion of a cohesive automotive strategy for the African continent is gaining new impetus due to the strategic vision and guidance of the African Association of Automotive Manufacturers (AAAM). A delegation from AAAM, led by Jeff Nemeth, Chairman of AAAM as well as President and CEO of Ford Motor Company Sub-Saharan Africa Region, is currently visiting Nigeria’s capital city, Abuja, to engage with.... Read more »

Posted on : Wednesday , 7th September 2016

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

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