Market News Page No. 327| Africa Business News | Afrotrade

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N e w s

Japan looks to boost trade with Africa

”They’re being driven out by the Chinese,” said Caroline Mwazapi, a resident of Tanzania’s commercial capital. “The Chinese bikes are often less than half the price but people don’t mind if they don’t last as long. They’ll just buy another and still save money”, FT reported. Such trends are largely the result of Beijing’s aggressive approach to capturing African markets as it has.... Read more »

Posted on : Monday , 29th August 2016

Ethiopia and Tanzania agree on power export deal

Tanzania is set to sign electricity power export deal with Ethiopia making it the fourth African country purchasing electricity from the latter. Ethiopia’s national power company (EEP) on Saturday announced that Tanzania has agreed to purchase 400 MW of Ethiopia’s hydro-power processed electricity. EEP’s Chief Executive Officer, Azeb Asnake said the agreement between the two countries will be finalized.... Read more »

Posted on : Monday , 29th August 2016

Tanzania to sign 400MW power purchase deal with Ethiopia

Tanzanian authorities said on Saturday that the country will sign a 400 megawatts power purchase agreement with Ethiopia in the coming weeks. Felchesmi Mramba, Managing Director of state-owned Tanzania Electric Supply Company, said the official signing of the power pact will be preceded by a meeting in Arusha of 10 member states of the Eastern Africa Power Pool. Countries forming the Eastern Africa Power Pool are Kenya,.... Read more »

Posted on : Monday , 29th August 2016

Global Lighting Ballasts Market to Witness Growth Opportunities in APAC Through 2020, Says Technavio

The global lighting ballasts market 2016-2020 is expected to decline from 1,403 units in 2016 to 872.7 units in 2020, according to Technavio’s latest report In this report, Technavio covers the market outlook and growth prospects of the global lighting ballasts market for 2016-2020. The report presents the major vendors that manufacture lighting ballast in regions such as the Americas; Asia-Pacific (APAC); and Europe, the.... Read more »

Posted on : Saturday , 27th August 2016

Create a designer home without breaking the bank

THE diversity of South Africa’s design industry is good news for cash-strapped households who now have inexpensive options to freshen up their homes in a makeover. Monique Nel, interior designer and showroom manager, as well as graduate of the Independent Institute of Education (IIE) and Design School Southern Africa (DSSA), explains. According to Stats SA, South Africans now have less disposable income in their.... Read more »

Posted on : Saturday , 27th August 2016

Plastics � boring for some, but a thriving business for this East African company

People generally don’t give much thought to the plastic bottle from which they drink their Coke, or the hangers they store their clothes on. However, East African company Silafrica, established in 1967, has built a successful business from plastics, and is seeing plenty of scope for future growth. Akshay Shah, managing director for Silafrica, says that while in the past consumers didn’t really care which brand.... Read more »

Posted on : Saturday , 27th August 2016

Simulation Software Reduces Turbine Maintenance Downtime

The maintenance arm of a South African electricity provider is better able to plan for ultrasonic testing of the steam turbine blades in its power plants. Part of why people seem skeptical of the Industrial Internet of Things (IIoT), in my opinion, is that they expect it to be some sort of magic pill, and then they don’t think it can possibly live up to the hype. Well, if you expect it to be a magic pill, then it won’t.... Read more »

Posted on : Saturday , 27th August 2016

Kenya: Japan to Offer Technology Support to Kenya

Japanese Prime Minister Shinzo Abe has said his country is focusing on sharing high-quality technology and skills with African countries to help boost agricultural productivity. Mr Abe said by so doing, Kenya wouldl be able to improve the efficiency of human resources in industrialisation and development. During a press briefing when he visited President Uhuru Kenyatta at Statehouse in Nairobi on Friday, Mr Abe said he.... Read more »

Posted on : Saturday , 27th August 2016

The Effort to Restore Tropical Forests Gets a Massive Cutting Edge

Research by scientists from the UK and Tanzania has revealed that assisted ecological restoration can lead to dramatic increases in growth of new and established trees—helping to mitigate climate change and boost biodiversity. All that is required, they say, is effective control of lianas, the fast-growing, woody climbing vines that, left to their own devices, quickly take over forest in which most or all of the merchantable.... Read more »

Posted on : Saturday , 27th August 2016

East Africa: DR Congo Shows Interest As Uganda-Tanga Port Oil Pipeline Preps in Top Gear

As the Vice-President of Total East Africa, Mr Javier Rielo, assured President John Magufuli that preparations for the construction of the 1,410-kilometre oil pipeline from Lake Albert in Uganda to Tanga Port in Tanzania are in good progress, Democratic Republic of Congo (DRC) has shown interest in using the facility. Mr Rielo made the assurance in Dar es Salaam yesterday when he met with President Magufuli to brief him on the.... Read more »

Posted on : Saturday , 27th August 2016

Industrial parks spreading across East Africa, with eye on economic growth

It is around midday when I meet Idris Luwasa outside the cotton godown where he works as a records officer. He is yet to receive any cotton lint from farmers for the day. But he tells me this is not new. Farmers no longer deliver the commodity as regularly as they used to. “There are days I go without logging any deliveries,” said Luwasa. “Sometimes that goes on for three straight.... Read more »

Posted on : Saturday , 27th August 2016

Miners Find South African Gold Recovers Its Luster

JOHANNESBURG—After years battling depressed prices and cost-cutting, South African gold miners are regaining their shine. Over the past two weeks, the country’s top four gold producers have announced soaring profits and dividends, reaping the benefits of yearslong restructuring and a 25% jump in the benchmark gold price this year. The rise has been leavened by weaker currencies in South Africa, Brazil and.... Read more »

Posted on : Saturday , 27th August 2016

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