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

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Rwanda to showcase top investment opportunities at Global Africa Investment Summit

Rwanda is set to present top investment opportunities at the upcoming global African Investment Summit scheduled for September this year in the Rwandan Capital, Kigali. The investment prospects spanning across four sectors; natural resources, energy, ICT, Agriculture, tourism and infrastructure will be presented to a diverse audience of global businesses interested in long-term investment in Africa. The country will host the.... Read more »

Posted on : Friday , 5th August 2016

Tanzania: More Than 30 Billion/ - Set Aside for Ship Rehabilitation

Nkasi — The government has allocated more than 31bn/- for rehabilitating three ships and purchasing of a new one during the 2016/17 financial year. The Minister for Works, Transport and Communications, Prof Makame Mbarawa, revealed that after inspecting the Kipili anchorage along the shore of Lake Tanganyika in Nkasi District, Rukwa Region. Expounding, Prof Mbarawa said that more than 5.6bn/- will be spent on.... Read more »

Posted on : Friday , 5th August 2016

Tanzania: New Technology Expected to Boost Yields

Lindi — The agriculture and seed agency (ASA) has called on farmers across the country to adopt new farming technology so that they can benefit from the practice instead of embracing traditional farming. The ASA Extension Officer, Mr Johnson Tillya told the 'Daily News' during the ongoing Nanenane exhibitions at Ngongo grounds in Lindi region that many farmers in the country are reluctant to change from traditional farming to.... Read more »

Posted on : Friday , 5th August 2016

Tanzania: Seed Production Established for Local Farmers

Lindi — Following President John Magufuli's call for production of pigeon peas, green gram, cow peas, cashew nuts and other crops that are highly needed in India, the Naliendele Agricultural Research Institute (NARI) said yesterday that it is prepared to produce seeds that will enable farmers to get more yields and manage to supply both local and international markets. NARI Research Officer, Mr Juma Mfaume said the institute.... Read more »

Posted on : Friday , 5th August 2016

Tanzania: Seven Mining Centres Planned to Boost Artisans' Skills

Lindi — Seven regions will soon have mineral exploration and processing centres, thanks to a strategy that the government has devised to promote mining activities in the country. The government has through the Ministry of Energy and Minerals worked out the strategy to upgrade the capacity of small scale miners in the country to conduct profitable mining activities. The ministry's Project Manager, Ms Veronica.... Read more »

Posted on : Friday , 5th August 2016

African Water Facility: Boosting Hydropower and Irrigation in Tanzania

Tanzania is expected to benefit from a boost in hydropower generation and irrigation development thanks to a new study financed by the African Water Facility (AWF). This €2-million grant will help the government of Tanzania launch the pre-feasibility study of a multipurpose dam, irrigation and hydropower project in Kikonge (southwest). A comprehensive approach. The study will cover the irrigation scheme, agro-business.... Read more »

Posted on : Friday , 5th August 2016

Kenya Makes Gains in Textile Cooperation With China - Expert

Mombasa — Kenya's cooperation with China whose textile industry is advanced is positive to the success and attainment of Kenya's Vision 2030, the East African nation's development programme for 2008-2030, a Kenyan professor has said. Prof. Richard Mibey, vice chancellor of Kenya's Moi University, said cotton export from Africa accounts for about 13 percent of the world's production while China accounts for the highest.... Read more »

Posted on : Friday , 5th August 2016

Tanzania: REA to Electrify All Villages By 2021

Lindi — Rural Energy Agency (REA) plans to electrify a total of 7,500 villages by 2021, Minister of Energy and Minerals, Professor Sospeter Muhongo, has said. He said as the government embarks on REA phase three, which is expected to take five years, all villages in the country will be connected with electricity. REA phase three was launched on August 1, this year and that by 2021 there will be no single village in the.... Read more »

Posted on : Friday , 5th August 2016

Ethiopia: Ethiopian Partnered with UAE Based Hospital

Ethiopia’s national flag carrier, Ethiopian Airlines, partnered with United Arab Emirates (UAE) based hospital, Ras Al-Khaimah (RAK) Hospital. The partnership is to facilitate specialized treatments and health checks for medical tourists from the African continent. The package to be offered as per the deal will include, in addition to other things; medical treatments, arrangement of visas, airports transfers, travel guide.... Read more »

Posted on : Thursday , 4th August 2016

Tanzania: Experts Poised for Study On Sh64 Trillion Gas Processing Plant

Dar es Salaam — The government is expected to start an environmental impact assessment (EIA) at the end of this month on land where a $30 billion (Sh64.4 trillion) liquefied natural gas (LNG) project will be undertaken. The site identified by the government is at Likong'o Village in Lindi Region. Tanzania has more than 55 trillion cubic feet of natural gas reserves. BG Group, being acquired by Royal Dutch Shell,.... Read more »

Posted on : Thursday , 4th August 2016

Ethiopia: ERA Plans to Construct and Maintain 23,000 Kilometers of Road

Ethiopian Roads Authority (ERA) aims to construct as well as maintain around 23,000 kilometers of road across Ethiopia during the just started fiscal year. Commenting the plan Dereje Hailu, Communication Team Leader at ERA, said the Authority aims to upgrade and build new roads that stretch for 1,846 kilometers. Regarding maintenance, the Authority would maintain 21,290 kilometers of road, he furthered. The current fiscal.... Read more »

Posted on : Thursday , 4th August 2016

Ethiopia and India meet around common interest in chemical industry

In a bid to showcase India’s capabilities as a supplier of steady and sustainable, low cost international quality products and to tap into the African market, a special Indian export promotion council has organized a two-day buyers and sellers meeting in Addis Ababa, Ethiopia. The Basic Chemicals, Pharmaceuticals and Cosmetics Export Promotion Council (CHEMEXCIL) from India exhibiton would provide a unique opportunity to.... Read more »

Posted on : Thursday , 4th August 2016

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