Market News Page No. 338| Africa Business News | Afrotrade

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Tanzania among Africa Top Investment Destinations, Report Indicates

Tanzania was among the leading investment destinations in Africa in 2015, the recently published 2016 African Economic Outlook (AEO) indicates. The AEO presents the current state of economic and social development in Africa and projects the outlook for the coming two years. The AEO is a product of collaborative work by three international partners: the African Development Bank (AfDB), the OECD Development Centre and the United Nations.... Read more »

Posted on : Monday , 22nd August 2016

Feature: Kenya's rural women invest in trees for retirement benefits

Under the Kenyan public service and retirement benefits laws, Ruth Gachacha, in her 50s, would be counting days to receive her sendoff package, the money that would sustain her day-to-day activities in her frail years. But the rural farmer in the Rift Valley county of Nakuru has an unusual way of preparing for a comfortable lifestyle in her old age. Gachacha's retirement package is in the 5,400 eucalyptus trees she has planted.... Read more »

Posted on : Monday , 22nd August 2016

SA moves to secure water sources

The Department of Water and Sanitation (DWS) is consulting stakeholders to get input on the National Groundwater Strategy. The strategy is aimed at ensuring water security in South Africa and to optimise water resource management. Consultations are taking place throughout the country. Last Thursday, stakeholders in Mpumalanga were engaged for their inputs and comments. The stakeholders in attendance came from different.... Read more »

Posted on : Monday , 22nd August 2016

Tanzania: Coal Import Ban to Speed Up Local Projects Development

Edenville Energy has welcomed the government move to ban coal import as an impetus in boosting local production. The government decision gives an opportunity to local based companies to increase production of coal and enable the country's resources to be brought into commercial production and the potential of the local coal industry to be more fully developed. "Edenville welcomes the government's proactive approach to.... Read more »

Posted on : Monday , 22nd August 2016

Harmony Gold swings back to profit, will consider Barrick's Acacia stake

South Africa’s Harmony Gold (JSE:HAR) (NYSE:HMY) is said to be considering the acquisition of Barrick Gold's stake in Acacia Mining (LON:ACA), as the miner looks to expand operations across Africa. Reporting annual results for the year ended in June, Harmony — the world’s fifth-largest gold producer and South Africa No. 3 miner of the precious metal — revealed Wednesday that it was on a hunt for.... Read more »

Posted on : Monday , 22nd August 2016

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

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