Market News Page No. 318| Africa Business News | Afrotrade

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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

Africa: Mkapa Urges Stronger Ties With the Private Sector

Dar es Salaam — Former President Benjamin Mkapa has said African governments must work harder to build stronger ties with the private sector. He said it was high time the widespread notion that successful entrepreneurs were involved in clandestine businesses is dismissed. Mr Mkapa was addressing a press conference to launch of the Investment Climate Facility for Africa (ICF) Completion Report in Dar es Salaam on.... Read more »

Posted on : Friday , 2nd September 2016

Tanzania secures huge loan to build a new tractors assembly plant

Tanzania has secured a loan worth 110 million U.S. dollars to establish a tractors assembly plant in its efforts to become east Africa’s food basket and a middle income nation by 2025. Tanzania will become the first nation in sub-Saharan Africa to venture into assembling farm machinery, which will transform the agricultural sector in the region, when the plan is fully implemented. "We have secured loan from the Poland.... Read more »

Posted on : Friday , 2nd September 2016

BAIC to Build US$ 800 Million Car Plant in South Africa

Beijing Automotive International Corp. (BAIC), one of China's top automakers, said it will build a US$ 800 million auto plant in South Africa, the largest foreign investment in the country in four decades, as Chinese car brands look to expand overseas. The announcement comes as China's own car industry has slowed sharply in the last two years, making it bloated with excess capacity after years of explosive growth. China is the world's.... Read more »

Posted on : Friday , 2nd September 2016

Tanzania: Govt to Pick Contractor for Sh16 Trillion Railway Line Project

Dar es Salaam — The Ministry of Works, Transport and Communication is currently in the process of procuring a contractor for the construction of the standard gauge railway line run from Dar es Salaam to Kigoma and Mwanza. This comes just weeks after Tanzania signed a $7.6 billion (about Sh16 trillion) loan agreement with the Export-Import (Exim) Bank of China for upgrading the railway line. Transport permanent.... Read more »

Posted on : Friday , 2nd September 2016

Rwanda: BBOXX Secures U.S$20 Million Funding to Expand Solar Off-Grid Connectivity

BBOXX, a leading global off-grid solar company, successfully closed a $20 million Series C investment on 30 August. The company has pioneered a distributed energy platform, comprising data-driven technology and a unique solar home system design to deliver off-grid energy on a utility scale. Since 2010, BBOXX has provided off-grid electricity to more than 350,000 people in 35 countries around the world. This latest round of.... Read more »

Posted on : Friday , 2nd September 2016

Tanzanian Royalty Announces $5 Million Financing for Mining Development

Tanzanian Royalty Exploration Corporation (TNX)(nyse mkt:TRX) (the "Company") is pleased to announce that it has closed the first tranche of a $5 Million private placement of securities with Crede CG III, Ltd, a wholly-owned subsidiary of Crede Capital Group, LLC, a long-only family office that invests in emerging growth companies. Funds will be used by the Company's to expand its production team necessary to bolster development.... Read more »

Posted on : Friday , 2nd September 2016

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