Market News Page No. 356| Africa Business News

Tanzania: Huge $1.8 Billion Fertilizer Plant Project Planned

A mega project worth 1.8 billion US dollars (over 3.8 trillion/-) to put up a fertiliser plant at Kilamko in Kilwa Masoko District, Lindi Region, is set to start in December, a move that might see the farm input go down as a result of competition. The plant, to be built by Tanzania Petroleum Development Corporation (TPDC) and three private companies will use natural gas as both a source of energy and feedstock for production,.... Read more »

Posted on : Friday , 8th July 2016

Tanzania: Largest High-Definition Solar TV to be Showcased

Dar es Salaam — Germany-based solar-service company Mobisol is showcasing its largest solar HD TV at the Dar es Salaam International Trade Fair (DITF) here. Mobisol provides a range of solar home systems with an affordable payment plan. Mobisol Tanzania marketing manager Allan Rwechungura said the largest solar HD TV recently launched in other lar HD TV recently launched in other markets in East Africa had been optimised.... Read more »

Posted on : Thursday , 7th July 2016

Tanzania: Coffee Exports Soar to US$135 million

Coffee exports earned the country US$135 million (about 294.4bn/-) in foreign exchange during the 2015/2026 farming season as the country produced 59,000 metric tons, which is above average annual production of 50,000 tons. Tanzania Coffee Board (TCB) Acting Director General, Mr Primus Kimaryo, noted, however, that the board is currently working to boost local consumption of coffee to avoid over dependency on foreign.... Read more »

Posted on : Thursday , 7th July 2016

Tanzania Ready for Industrial Transformation - Zanzibar President

Zanzibar President Ali Mohamed Shein said yesterday that Tanzania was now ready for industrial transformation, thanks to positive trends in technological innovation and expertise spearheaded by VETA and SIDO. The Isles president made the comments at the ongoing Dar es Salaam International Trade Fair (DITF) where he noted that new technologies showcased by Vocational Education and Training Authority and Small Industries Development.... Read more »

Posted on : Thursday , 7th July 2016

Kenya: Nairobi to Promote Urban Agriculture, Distribute Green Houses to Schools

The Nairobi County will spend Sh10.2 million to promote urban agriculture by distributing green houses to schools and rehabilitation homes. The county will also spend Sh13.5 million on water harvesting facilities to sustain the green house project meant to enhance food security through agri-business and urban and peri-urban faming technologies, a county official said on Tuesday. Speaking during the launch of the project at Baba.... Read more »

Posted on : Wednesday , 6th July 2016

Tanzania: Bakhresa Group to Build Zanzibar's Greenest Hotel

Bakhresa Group has appointed Verde Hotels from South Africa to develop and manage the total overhaul and upgrading of the old Mtoni Marine Hotel in Zanzibar, about two kilometres from Stone Town. According to a statement, the brand new five star property will be known as Hotel Verde, Zanzibar's greenest hotel. "We are serious about being the leaders of the Green Economy sector and therefore we approached the developers of.... Read more »

Posted on : Wednesday , 6th July 2016

Tanzania: WWF-Tanzania Sponsors Solar Power for Institutions

SOLAR panels project sponsored by a non-governmental organisation known as World Wide Fund for Nature (WWF-Tanzania) has benefited various institutions including Msaranga Health Centre in Moshi Municipality. The project is among the three projects sponsored by the same NGO. Such projects include renovation and construction of new standardised kitchens in 18 secondary and primary schools, planting of 2,000 trees in Rau river area and.... Read more »

Posted on : Wednesday , 6th July 2016

East Africa: Focus On Regional Geothermal Development at Power Forum in Nairobi

The upcoming East African Power Industry Convention (EAPIC) in Nairobi, Kenya will focus on how the region can harness the opportunities presented by geothermal power to enhance access to energy, especially among rural communities. "There is no one-size-fits-all approach to developing geothermal. It's an amazing source of base load, renewable energy, but we have to take a realistic approach to how it's developed," said Amanda.... Read more »

Posted on : Tuesday , 5th July 2016

Tanzania: BRT Buses to Run on Natural Gas In Next Phase

Buses to ply in the next phases of the Dar es Salaam Rapid Transit (BRT) project will have their engines run using natural gas to save operational costs, the Tanzania Petroleum Development Corporation (TPDC) has revealed. "Plans were to use natural gas for buses currently operating in the first phase of the BRT but this was not possible due to some technicalities," a TPDC official, Mr Ismail Naleja, explained at the ongoing.... Read more »

Posted on : Tuesday , 5th July 2016

Future Looks Bright for Motorcycle Assembly in East Africa

East African countries are closer to an agreement that could boost motorcycle assembly in the region. The EAC Secretariat has appointed a team of experts from each member state to develop a proposal that will promote value addition and motorcycle assembly in the region. The experts will identify imported motorbike parts that can be excluded from taxation in order to lower the cost of production and encourage industrialisation.... Read more »

Posted on : Tuesday , 5th July 2016

Kenya Seeks $5.5 billion IFC Funding for Road Construction

Kenya is looking for close to Ksh550 billion ($5.5 billion) to complete the construction of 10,000 kilometres of roads, after local banks refused to lend the money to the contractors after the botched annuity financing model. The country is now negotiating for a line of credit of $1.5 billion from the International Finance Corporation (IFC), to finance part of the construction of 4,000 kilometres of urban roads; some 6,000 kilometres of.... Read more »

Posted on : Tuesday , 5th July 2016

Tanzania: Farming Sector to get Robust Insurance Strategy Boost

Dar es Salaam — Plans are underway to draw up an insurance strategy on agriculture in Tanzania. According to the Commissioner of Insurance, Mr Israel Kamuzora, a meeting of insurance stakeholders was recently conducted to discuss the strategy.It is hoped that by having the strategy, agriculture will be stimulated. Agriculture is Tanzania's economy mainstay, accounting for nearly 30 per cent of the gross domestic product..... Read more »

Posted on : Saturday , 2nd July 2016