Market News Page No. 322| Africa Business News | Afrotrade

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South Africa: Trade and Industry Committee Held Colloquium On Local Public Procurement

The Portfolio Committee on Trade and Industry held a successful two-day colloquium on Local Public Procurement. The Committee looked at policy instruments advancing industrialisation with specific focus on localisation and designations as they relate to Local Public Procurement. Committee Chairperson, Ms Joanmariae Fubbs, emphasised that industrialisation is central to government's plan for radically transforming the South African.... Read more »

Posted on : Monday , 29th August 2016

Tanzania: Solar Energy Shop Opens in Arusha

solutions has opened its first retail shop here last week under a new consumer brand name whereby it will now be known as Zola. Zola is an adaptation to the Swahili word "sola" (solar) and will serve as the brand of the company's operations in Rwanda and Tanzania and evolve into a pan African brand as Off-Grid Electric expands across the continent. Off Grid Electric will remain the company's group.... Read more »

Posted on : Monday , 29th August 2016

Development of African Automotive Sector Led By New Industry Association

African Association of Automotive Manufacturers (AAAM) aims to unlock the economic potential and promote automotive sector across the continent - Focus on driving investments in infrastructure, skills development, promotion of investor friendly regulatory frameworks and sustainable manufacturing - Top-level engagement with government and industry leaders in Abuja, Nigeria THE development and promotion of a.... Read more »

Posted on : Monday , 29th August 2016

Coal India board okays pact with South African firm for mines acquisition

Coal India’s board has approved signing of a pact with African Exploration Mining & Finance Corporation SOC Ltd (AEMFC), owned by the South African government, for acquisition of coal mines in that country. “The CIL board has accorded approval to the proposal for execution of MoU between CIL (Coal India) and African Exploration Mining & Finance Corporation, SOC Ltd (AEMFC), an entity owned by the government of South.... Read more »

Posted on : Monday , 29th August 2016

Kenya, Uganda and Tanzania closer to ending maize disease

East Africa is inching closer to eradicating Maize Lethal Necrosis (MLN) with a variety of seeds that can tolerate and resist the disease undergoing national performance trials in Kenya, Uganda and Tanzania to be ready for planting in 2018. Scientists at the International Maize and Wheat Improvement Centre in conjunction with the Kenya Agricultural Livestock and Research Organisation have several promising inbred lines and.... Read more »

Posted on : Monday , 29th August 2016

Japan, Africa teaming up to boost food security, nutrition

Boosting agricultural productivity and food security in Africa will require collective efforts by African countries and their partners. Japan already plays a significant role in boosting sustainable agricultural development on the continent. The country’s strong commitments, combined with the political will manifested by many African nations to eradicate hunger and malnutrition, will help to propel progress towards achieving.... Read more »

Posted on : Monday , 29th August 2016

Kenya set to benefit from Sh1.5 trillion health kitty

Kenyans will be among beneficiaries of a fund to make healthcare accessible and affordable. The World Bank, in conjunction with Global Fund, announced a Sh1.5 trillion kitty towards universal health coverage (UHC) in Africa. The money will be spent on the fight against malaria, tuberculosis and AIDS for the next three to five years. This is a milestone for millions of poor Africans who have struggled to get medications for these.... Read more »

Posted on : Monday , 29th August 2016

World Bank and Global Fund in commitment to invest $24bn for universal health in Africa

The World Bank and Global Fund have made a commitment to invest $24 billion (Sh2.4 trillion) in Africa over the next three to five years to cover universal health. The commitment made during the Sixth Tokyo International Conference on African Development (Ticad-VI) held in Nairobi will increase funding in healthcare to ensure everyone has access to quality services. The money is also meant to help developing countries put.... Read more »

Posted on : Monday , 29th August 2016

Kenya signs partnership to speed up intra-Africa trade

Kenya has signed an agreement with her three other counterparts to hasten the stalled talks on boosting intra-Africa trade. Yesterday Kenya's Foreign Affairs Cabinet Secretary Dr Amina Mohamed led her counterparts of South Africa, Nigeria and Egypt to pen down the agreement that should see 'tangible' progress before the October 2017 deadline. These are Dr Rob Davis(South Africa), Dr Okechukwu Enelamah(Nigeria) and Amb Amgad.... Read more »

Posted on : Monday , 29th August 2016

Tanzania upstages Mozambique on gas

Tanzania, which won the geopolitics battle with Kenya, by snatching away the pipeline deal, has also upped its stake with its gas plant, trying to upstage Mozambique, which is still reeling from dampened investor confidence, following the $1 billion hidden funds scandal with IMF. The start of the gas pipeline plant will also raise confidence on the Tanzania-Uganda oil pipeline deal championed by Paris-based Total, which was one of.... Read more »

Posted on : Monday , 29th August 2016

Japan pledges $10B for African infrastructure

Japan will give $10 billion in infrastructural aid to Africa over the next three years, the country's leader told a major development summit in Nairobi, Kenya on Saturday. Prime Minister of Japan Shinzo Abe told the Tokyo International Conference on African Development (TICAD) the funded projects would include electricity generation and urban transport. Roads and ports will also be targeted for development. Speaking in front of 34.... Read more »

Posted on : Monday , 29th August 2016

Tanzania receives $2m for water, power projects

Tanzania is to develop irrigation and hydropower projects in the southern highlands after receiving $2.26 million under the Africa Water Facility (AWF) project for a 22-month pre-feasibility study. The project will be funded by the Africa Development Bank (AfDB) and the government of Tanzania. The Tanzania project is part of AWF’s $1.8 billion water and sanitation projects in Africa. The Climate Resilient.... Read more »

Posted on : Monday , 29th August 2016

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