Market News Page No. 353| Africa Business News | Afrotrade

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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

Sh126b joint Kenya-Ethiopia power line begins

Kenya and Ethiopia have started the construction of a Sh126 billion power line that will run between the two countries. The 1,045 kilometre line will have a transmitting capacity of 2,000MW and is expected to be completed by December 2018. Kenya Electricity Transmission Company (Ketraco) said of the 1,045 km power line, 600km will be in Kenya, while 445 will be in Ethiopia. The line will traverse Marsabit, Samburu,.... Read more »

Posted on : Thursday , 4th August 2016

Ethiopia: Gore-Teppi Road Project Gets Parliamentary Nod for U.S.$127 Million Korea Loan

Ethiopian Parliament, during its extraordinary session last week, approved a 127-million-dollar loan agreement with the Korea EXIM bank for the Gore-Tepi road connectivity improvement project. The poor condition non-paved road is planned to be upgraded to an asphalt concrete road at an average cost of nearly a million dollars a km. This stands way behind the record high Melka Jebdu to Dire Dawa road project, which cost.... Read more »

Posted on : Thursday , 4th August 2016

Africa: Rwanda Showing Risk-Averse Companies Africa's Investment Potential

Rwanda is one of the few nations bridging the gap between foreign investors and Africa, as increasingly positive actions are taken in the continent, economic myths will continue to be debunked. Foreign investors are frequently prone to basing decisions on their perception of a market, in the case of the Africa, these often lead to misconceptions such as a reliance on aid to improve its development, instead of active investments and.... Read more »

Posted on : Thursday , 4th August 2016

Tanzania Targets 100 Percent Sugar Output by 2020

Morogoro — The Prime Minister, Mr Kassim Majaliwa, has instructed sugar producing factories to put measures in place, which will ensure that sugar production capacity in the country stands at 100 per cent by 2020. Mr Majaliwa issued the directive in Morogoro yesterday when he visited the Mtibwa Sugar Factory where he underscored the need for local industries to increase production and avoid unnecessary imports. The PM said the.... Read more »

Posted on : Thursday , 4th August 2016

Kenya: The New Mining Frontier of East Africa

Nairobi — THE Kenya Mining Forum scheduled for next month in Nairobi will showcase why the East African country is the new mining frontier. Mining Cabinet Secretary, Dan Kazungu, says the government has recognised the mining industry is a key pillar for growth and economic transformation and thus is preparing the country for the next big wave of mining activity. "With just a handful of companies operating in the.... Read more »

Posted on : Thursday , 4th August 2016

Tanzania aims to complete oil pipeline from Uganda in 2020

Tanzania plans to complete construction of a crude oil pipeline from Uganda in 2020 at an estimated cost of $3.5 billion, its energy ministry said yesterday. Uganda said in April it would build a pipeline to ship out crude from its fields in the Albertine rift basin, through Tanzania rather than Kenya, which had wanted to secure the export route. Picking a route is vital for oil firms to make final investment decisions on.... Read more »

Posted on : Thursday , 4th August 2016

Kenya inks deal with France to boost electricity access

Kenya has inked a deal worth $37 million with France in a bid to add renewable power through mini grids. The deal is meant to boost electricity access to millions of Kenyans who are still not connected to the grid. “This 33 million euro financing will support the installation of renewable energy generation units (primarily solar photovoltaic, but also in some cases wind turbines) in 23 mini-grids currently powered by diesel.... Read more »

Posted on : Wednesday , 3rd August 2016

TTCL wins 1bn/- Tanroads tender for internet connection

The signing ceremony was witnessed by the Tanroads Chief Executive, Mr Patrick Mfugale and TTCL Chief Executive Officer, Dr Kamugisha Kazaura, in Dar es Salaam yesterday. Mr Mfugale said at the event that project to be completed in 12 months period is expected to boost efficiency of the agency. “Tanroads value experience and technical skills that TTCL has, particularly the use of the national fibre optic, thus the internet.... Read more »

Posted on : Wednesday , 3rd August 2016

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