Market News Page No. 325| Africa Business News | Afrotrade

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Tanzania: TBL to Invest Sh27 Billion in Agriculture Sector

Mwanza — Tanzania Breweries Ltd (TBL) Group is planning to invest Sh27 billion in agriculture sector in the current financial year as a way to facilitate industrialization drive in the country. The money will enable barley, grapes, sorghum and maize farmers through providing them with seeds, extension services as well as facilitating them with access to credit, according to the company's managing director Mr Roberto Jarrin who was.... Read more »

Posted on : Monday , 22nd August 2016

The Government is ready to implementing health reforms to achieve Universal Health Coverage

The Government of Kenya is committed to implementing health system reforms to accelerate movement towards Universal Health Coverage (UHC) as a means of realizing the “Right to Health” enshrined in the Constitution of Kenya 2010. What is Kenya doing to sustain the MDG gains through UHC? Vision 2030 envisages progressive movement towards UHC by the year 2030. The Government has initiated key interventions to improve financial.... Read more »

Posted on : Monday , 22nd August 2016

KNH to acquire advanced Tissue Typing Machine

Kenyatta National Hospital (KNH) is set to acquire a KSh30 million Tissue Typing Machine before the end of the year. The machine which will be used to determine the genetic compatibility of the donor and recipient before carrying out transplants will save on costs used to take samples overseas for testing. This breakthrough makes KNH the first and only facility in the country to obtain the advanced machine. Although.... Read more »

Posted on : Monday , 22nd August 2016

Kenyan scientist introduce software to predict drought

Small scale farmers will now be able to accurately predict drought conditions, so that they are able to plan for it accordingly. A Kenyan scientist from Central University of Technology (CUT) in Bloemfontein has developed software to predict drought up to four years. Once in the market, the technology will be affordable for small scale farmers. South Africa has been in the grip of a devastating.... Read more »

Posted on : Monday , 22nd August 2016

Tanzania: Investment Centre Targets U.S.$5 Billion FDI Inflows By 2020

Dar es Salaam — The Tanzania Investment Centre (TIC) is targeting to more than double foreign direct investments (FDI) inflows to $5 billion in 2020. The World Investment Report 2015 indicates that Tanzania had attracted $2.1 billion FDI inflows but the state-owned agency says it targets $5 billion by 2020. However, according to the TIC acting director of research, planning and information systems, Mr Ayubu Sizya, the.... Read more »

Posted on : Monday , 22nd August 2016

Kenya says visit by Japanese PM to boost ties

Kenya said Sunday the forthcoming visit by Japanese Prime Minister Shinzo Abe to Nairobi is expected to boost bilateral ties between the two countries. State House spokesman Manoah Esipisu said after attending the Tokyo International Conference on Africa's Development (TICAD) VI which begins on Aug. 27, Abe will hold meetings on Kenya-Japan relations. He said Abe is being accompanied by a large delegation of Japanese business.... Read more »

Posted on : Monday , 22nd August 2016

Africa: Government Eyes Major Oil Trading Hub in Tanga

The government is studying possibilities of constructing an oil trading hub in Tanga to supply fuel to East and Central Africa, adding to the region's blessings after it was chosen for the proposed Uganda crude oil export pipeline this year. The Minister for Industry, Trade and Investments, Mr Charles Mwijage, said this week that the government had started working on an idea of an oil trading hub in Tanga as the region had great.... Read more »

Posted on : Monday , 22nd August 2016

DUPONT PIONEER TO EXPAND CORN PRODUCTION IN AFRICA

DuPont Co.'s Pioneer unit hopes to expand its hybrid corn seed partnership with African governments and aid groups to Tanzania after setting up programs for farmers to use its seed in Ethiopia and Zambia. In Ethiopia the Wilmington, Delaware-based company, the biggest supplier of hybrid corn seeds in Africa, in 2013 partnered with the government and the U.S. Agency for International Development and there are now 300,000.... Read more »

Posted on : Monday , 22nd August 2016

Tanzania in efforts to reduce greenhouse gases: official

Tanzanian authorities said on Friday they have come up with a number of climate change mitigation strategies, including reducing greenhouse gases by between 10 and 20 percent by 2030. "These strategies are intended to make our contribution to the global mitigation agenda," said Freddy Manyika, an environment officer from the country's Vice-President's Office. He told a press conference in the country's coastal.... Read more »

Posted on : Monday , 22nd August 2016

Tanzania: Plans Underway to Increase Oil Importers

THE government is in plans to widen the scope of companies importing oil in the country in order to create business competitiveness environment that will necessitate reducing the price of oil. The statement was made here yesterday by the Minister for Energy and Minerals, Prof Sospeter Muhongo when he visited GBP Oil Company in Tanga city. He said currently the price of oil in Tanzania is still higher in comparison with the.... Read more »

Posted on : Monday , 22nd August 2016

Kenya: Chinese-Built Highway Delights Kenyans, Stimulates Business

Nairobi — Before the Kenyan government mooted plans to expand Thika Road in 2009, commuters would waste hours on traffic gridlock. Many commuters wished for the day the road would be traffic jam-free so that they would cut down on time and fuel. Since completion of the 50km highway that links Nairobi and the satellite town of Thika, residents living along the road, which has since acquired the name of Thika Super.... Read more »

Posted on : Monday , 22nd August 2016

Kenya to speed up creation of special economic zones

Kenya said it will speed up the creation of special economic zones (SEZ) as part of efforts to attract more investment and increase exports. “It’s in the interest of government and the private sector to move with speed to establish the Special Economic Zones which will be a critical driver in the attraction of investments in manufacturing, trade, logistics and services,” Cabinet Secretary in the Ministry of Industry,.... Read more »

Posted on : Monday , 22nd August 2016

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