Market News Page No. 365| Africa Business News | Afrotrade

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Tanzania: ACT Looking for More Investments in Agriculture Sector

Agricultural Council of Tanzania (ACT) has advised the government to tout more investors in the agricultural sector in order to bring social and economic developments for the nation. The ACT Chairman, Dr Sinare Yusuf Sinare said 70 per cent of the population in Tanzania engages in agricultural activities in one way or another, thus massive investment in the sector was vital. He said if the government would meet with.... Read more »

Posted on : Thursday , 31st March 2016

Tanzania: Expansion of Airport on President's Agenda

Mwanza — PRESIDENT John Magufuli has revived new hopes for the Lake Zone regions as he pledged the purchase of a new passenger ship and expansion of the Mwanza Airport. The two projects have been long awaited for years to become a reality with the Head of State saying special budgets will be allocated this financial year for their full implementation. Addressing a section of city residents and government leaders who turned up to.... Read more »

Posted on : Thursday , 31st March 2016

Nigeria: Shell Increases Gas Production in Eastern Niger Delta

Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture has announced that more gas is being produced from Agbada field in the Eastern Niger Delta in support of federal government's aspiration of increasing domestic gas production for manufacturing and power generation. This development is coming at a time Nigeria's power supply has dropped significantly due to gas shortages to power stations Power.... Read more »

Posted on : Wednesday , 30th March 2016

Uranium Production in Namibia to Triple in 2017

NAMIBIA'S uranium production is expected to be three times the volume produced in 2015, according to statistics issued by finance minister Calle Schlettwein in parliament recently. "We are of the opinion that, in spite of weak commodity prices and relatively slow growth in external demand, the coming into operation of large-scale mining projects will support decent levels of economic growth. Namibia's output of uranium in 2017, for.... Read more »

Posted on : Wednesday , 30th March 2016

Nigeria Now World's Largest Producer of Cassava

Nigeria has become the largest producer of cassava in the world with an annual output of 45 million metric tons. The Minister of Agriculture and Rural Development, Mr Audu Ogbeh, has said. Ogbe who was represented by the Minister of State of Agriculture and Rural Development, Heineken Lokpobiri made the remark at the sideline of the official launch of the State Partnership for Agriculture, organized by Synergos in Nigeria in.... Read more »

Posted on : Wednesday , 30th March 2016

Zimbabwe: Mining Co. Set to Increase Gold Production

Redwing mine, a subsidiary of South Africa-based Metallon Gold is set to increase gold production after resuming operations following a de-flooding exercise, management has revealed. Redwing mine stopped operations in 2008 after Zimbabwe Electricity Supply Authority (ZESA) cut power supplies over payment issues. The move contributed to massive flooding of shafts as the mine could not pump the water underground. General manager,.... Read more »

Posted on : Wednesday , 30th March 2016

Kenya: Corporation Signs Sh50 Billion Deals With Local Suppliers for Railway Construction

China Road and Bridge Corporation has since inception signed contracts worth Sh50 billion with local suppliers for the construction of the standard gauge railway. The deals have led to the creation of over 38,000 jobs, easing the government's unemployment burden. The firm, in its social responsibility report 2015 on the Sh400 billion Mombasa-Nairobi SGR project, revealed that agreements signed with local suppliers (project.... Read more »

Posted on : Wednesday , 30th March 2016

Rwanda: RCA to Construct New Cricket Ground

Rwanda Cricket Association (RCA) and the Ministry of Sports and Culture have partnered to construct a new cricket ground at the University of Rwanda- College of education (UR-CE), Rukara Campus in Kayonza district, Eastern Province. Speaking during the official groundbreaking ceremony at the college campus over the weekend, RCA president, Charles Haba said: "We shall sponsor the construction and already we have the funds for the.... Read more »

Posted on : Wednesday , 30th March 2016

Solar could power half of Kenya by 2016, according to experts

Kenyan government identifies nine viable sites for its proposed $1.2 billion investment in solar energy. The Kenya Renewable Energy Association – in collaboration with the Kenyan government and a number of private companies – has identified nine potential sites for the ambitious construction of solar power plants in the country. A pot of $1.2 billion has been made available to Kenya’s burgeoning solar power industry,.... Read more »

Posted on : Tuesday , 29th March 2016

Nigeria Govt. Earmarks N3 Trillion for Projects in 2016

Garba Shehu, the Senior Special Assistant to President Muhammadu Buhari on Media and Publicity, on Sunday said the Federal Government had set aside N3 trillion for projects in 2016. Mr. Shehu disclosed this while speaking with newsmen on the sidelines of a dinner held to celebrate the child dedication of Paul Ibe, the Head of the Atiku Media Office in Abuja. According to him, the government of President Buhari will make sure.... Read more »

Posted on : Tuesday , 29th March 2016

Govt. to Set Up Hotel Fund in Bid to Boost Tourism Revenue in Kenya

Kenya's Tourism Ministry plans to set up a hotel refurbishment fund as part of plans to boost tourism revenues. Efforts are also being intensified to attract more charter flights. Tourism Cabinet Secretary Najib Balala said the fund would enable investors to obtain credit more easily to give their facilities a face-lift. "There are many old hotels that can be upgraded to attract more tourists, but their owners cannot.... Read more »

Posted on : Tuesday , 29th March 2016

Nigeria: Construction of 550 Megawatts Power Plant to Begin in June

Handlers of the 550megawatts (mw) Independent Power Plant (IPP) in Ondo State said the construction activities will begin by June this year as the Nigerian Electricity Regulatory Commission (NERC) has issued a licence for it. The plant will be built and operated by the Ondo State Government and its partners, Kingline Development Company, a South Korean Company. Kingline Head of Nigeria Operations, Engr. Akinnola Fola who.... Read more »

Posted on : Tuesday , 29th March 2016

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