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

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East Africa: Ethiopia On Right Track to Eradicate Guinea Worm

The Ethiopian Public Health Institute said efforts are under way to eradicate Guinea Worm Disease (GWD) in a strengthened manner. Briefing journalists on Drancunculiasis Eradication Programme yesterday, Institute Deputy Director Dr. Dadi Jima said that contrary to the previous years, Ethiopia is presently close to eradicate the disease which requires the concerted effort of all. Jointly with stakeholders the Institute has.... Read more »

Posted on : Saturday , 3rd September 2016

ContourGlobal sets innovation into action on Rwanda's Lake Kivu

For decades, Rwanda’s 80 km long Lake Kivu, with its high concentration of methane and carbon dioxide, has been seen as a risk due to its potential for toxic release. Extracting methane from the lake will now reduce environmental hazards while bringing electricity to millions of people. At the end of May 2015 US energy developing company ContourGlobal made a big step forward with its KivuWatt energy project by.... Read more »

Posted on : Saturday , 3rd September 2016

5 BEST TIPS OF SAVING ENERGY AT HOME

In South Africa, over 90% of our energy comes from non-renewable resources like coal, oil, and gas, which will sooner or later will run out - as we constantly misuse energy. Below is top 5 ways of saving electricity in our houses. Turn off all the unused appliances, TVs, DVDs and video machines left on Stand-By continues to consume least half the amount of electricity they use when they are turned on and switch off.... Read more »

Posted on : Saturday , 3rd September 2016

High Speed Steel (HSS) Metal Cutting Tools Market: Latest Innovations, Drivers and Industry Key Events 2016 - 2024

The competition among high speed steal metal cutting tools vendors has increased rapidly. Developing countries such as Russia, Brazil, India, China and South Africa are witnessing huge investment in high performance and high quality machines. Increase in competition among HSS vendors lead to a reduction in total cost. Tooling is important part of the manufacturing process since machine tools are used to bore, grind, mill, tap, and.... Read more »

Posted on : Saturday , 3rd September 2016

SA's mining leadership needs to grab opportunities

Signs of resurgence in platinum, a stronger gold price and growing coal exports to India should be triggers for South Africa's mining leadership to grasp the opportunities that it missed in the last commodity boom. “It’s time for the mining sector to get some traction from the National Development Plan, Mining Operation Phakisa and the Mining Lekgotla – all crucial initiatives that have yet to be given real.... Read more »

Posted on : Saturday , 3rd September 2016

China Makes Biggest South Africa Auto Investment in 40 Years

A Chinese state-owned car manufacturer agreed to build an 11 billion-rand ($759 million) auto plant in South Africa, the biggest investment in a vehicle-production facility in the country in four decades. The Beijing Automotive International Corp. plans to start production at the facility in 2018, International Chief Executive Officer Dong Haiyang told reporters in the southern coast city of Port Elizabeth on Tuesday. The plant will be.... Read more »

Posted on : Saturday , 3rd September 2016

Africa: Dar Committed to Improve Investment Climate - PM

Prime Minister Kassim Majaliwa said that government's decision to host the Investment Climate Facility for Africa (ICF) in Tanzania was part of a wider strategic drive to improve the country's investment climate and demonstrate it is open for business. "By hosting a Pan-African organization and leading by example in investment climate reform, we could demonstrate our commitment to improving regional collaboration and as a.... Read more »

Posted on : Saturday , 3rd September 2016

Tanzania: Govt to Auction Nearly 1,000 Tonnes of Abandoned Sugar

Tanzania is to auction thousands of tonnes of brown sugar abandoned at the Dar es Salaam port by importers reportedly fearing President John Magufuli's tax crackdown. The Tanzania Revenue Authority (TRA) has put the consignment in 44 containers for auction in the first week of October should its owners fail to show up and claim the cargo in 30 days. A notice issued through the media on Wednesday listed the brown sugar.... Read more »

Posted on : Saturday , 3rd September 2016

Solar Power - Most Affordable Source Of Energy In South Africa

In the Budget Speech on 24 February 2016, the Honourable Mr Pravin Gordhan, Finance Minister of South Africa, announced that the Department of Energy’s (DoE) Independent Power Producers Procurement (IPPP) Programme will be extended to include coal and gas power projects. The IPPP Programme will be rolled out in order to replicate the successes achieved in the South African renewable energy sector. Although the.... Read more »

Posted on : Saturday , 3rd 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 : Saturday , 3rd September 2016

Grab opportunities in oil, gas, companies challenged

Dar es Salaam — Experts have called upon Tanzanian companies to grab opportunities available in the discovery of helium gas and construction of oil pipeline and the Liquefied Natural Gas (LNG) Plant as the projects have potentials to boost Tanzania economy. This was revealed yesterday during the Tanzania Oil and Gas Suppliers Conference (TOGSC) that brought together local and foreign players with other stakeholders in the.... Read more »

Posted on : Saturday , 3rd September 2016

Kenya eyes Chinese investments to hasten economic growth: official

The Kenyan government has intensified efforts to attract Chinese investments in key sectors of the economy like manufacturing, energy, transport, tourism and real estate, a senior official said on Friday. Speaking during the China (Guangdong)-Kenya Economic and Trade Cooperation Conference in Nairobi, Cabinet Secretary for Labor & East African Community Affairs Phyllis Kandie said Kenya is open to Chinese investments to hasten.... Read more »

Posted on : Saturday , 3rd September 2016

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