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

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Significant scope for Africa's agriculture to benefit from India's experience

India Inc. has said that with Africa's farm sector projected to grow to $1 trillion by 2030, there is significant scope for the continent's agriculture to benefit from India's experience. In a forward to a global accounting firm PricewaterhouseCoopers (PwC) report on agricultural partnership between India and the 54-nation continent, the secretary general of the Federation of Indian Chambers of Commerce and Industry (FICCI), A.Didar.... Read more »

Posted on : Saturday , 5th March 2016

Priority area in China-Africa relations - Agriculture

Agriculture has been identified by Africa as a priority development area in the China-Africa strategic partnership. The agricultural sector is regarded as an engine for socio-economic development in most African countries. According to the African Union (AU), agriculture accounts for about one-third of the continent’s Gross Domestic Product (GDP), and more than two-thirds of its citizens rely directly on the sector for their.... Read more »

Posted on : Saturday , 5th March 2016

Atkins Targets East Africa Projects With Buyout of Multidisciplinary Consultancy

Atkins announces the acquisition of Howard Humphreys East Africa Limited Group, a multidisciplinary consultancy based in Kenya and Tanzania, which employs around 200 people. This move marks a significant step for Atkins providing a geographic expansion into the Africa market as a locally-based company. We expect the transaction to complete in approximately three months. Howard Humphreys has been operating in the region since 1931 and supports.... Read more »

Posted on : Saturday , 5th March 2016

KENYA - The country�s infrastructure is improving steadily.

Last year the country witnessed the inauguration of a $540m mixed-use development, the Garden City developed by Actis. Old Mutual Property last month invested $6.3m in the Two Rivers Lifestyle Centre (TRLC), the holding company for the Two Rivers Mall. The mall is being built on 10.2 acres of land, which is part of the expansive mixed-use project in the diplomatic blue zone neighbourhood of the upmarket Runda and Gigiri. A vote of.... Read more »

Posted on : Friday , 4th March 2016

Tanzania, Uganda Agree Construction of New Oil Pipeline

Tanzania and Uganda have agreed to construct a 1,120km long oil pipeline, in a project estimated to create more than 15,000 jobs. The agreement follows talks between the President of the United Republic of Tanzania, Mr John Pombe Magufuli and the President of the Republic of Uganda, Mr Yoweri Museveni, which were held on Tuesday evening in Arusha. According to a statement issued by the Acting Director for Presidential.... Read more »

Posted on : Friday , 4th March 2016

Uganda: Kiira Motors in Talks to Setup Vehicle Manufacturing Industry

A Local car manufacturer, Kiira Motors Corporation (KMC), is in talks with at least four automotive original equipment manufacturers (OEMs) about establishing a vehicle manufacturing industry in Uganda, a government minister has said. Prof Sandy Stevens Tickodri-Togboa, the minister of state for Higher Education and chair of the KMC technical task team, told a stakeholders' consultative seminar at KMC gardens in Ntinda, Kampala last.... Read more »

Posted on : Friday , 4th March 2016

SacOil Signs Agreement for Gas Pipeline From Mozambique to Gauteng

SacOil has signed a cooperation agreement that will result in the construction of an estimated $6bn, 2 600km, large-diameter pipeline to transport natural gas from Mozambique's Rovuma Basin to Gauteng. Part of the consortium entering the deal with SacOil is the China Petroleum Pipeline Bureau, a Chinese and international pipeline construction company. SacOil is a South African based independent African oil and gas company,.... Read more »

Posted on : Friday , 4th March 2016

Sugar Production set to Increase in Tanzania

Moshi — The Tanganyika Planting Company (TPC) plans to expand its sugar production factory from 95,000 tonnes per season at present to 110,000 tonnes in the near future. TPC Director of Corporate Services, Mr Jaffari Ally, said here that the firm is set to spend more than 11bn/- on investment in machinery and expansion of farms. Mr Jaffari was briefing the Kilimanjaro Region Defence and Security Committee, under Regional.... Read more »

Posted on : Friday , 4th March 2016

Swiss International Hotels Chain Makes Entry Into Rwanda

The number of international hotel chains in the country has grown further this week following the entrance into the local market of Swiss International Hotels. The international hotel group on Tuesday took over the management of Villa Portofino Hotel, located in Nyarutarama. The move will see the hotel undergo re-branding and training initiatives for a three-month period as well as adopt a new name, Swiss International Villa.... Read more »

Posted on : Friday , 4th March 2016

East Africa Reviews Big Car Plant

Arusha — Foreign-manufactured motor vehicles, mostly used in Tanzania and East Africa, may be compelled to set up assembling plants in the region as leaders mull reducing importation of cars from overseas. The new strategy mulled by the EAC Heads of State might lead to automobile manufacturers specialising in such popular and fast selling brands as Toyota, Nissan, Volkswagen and Yutong in Japan, China, and Europe to starting to.... Read more »

Posted on : Friday , 4th March 2016

AGOA: South Africa Concludes Negotiations on Meat Issue

Pretoria — Government has concluded negotiations on poultry, beef and pork with the United States, a move that brings to a close months of discussions with the US on the terms required for South Africa to secure its position in the African Growth and Opportunity Act (AGOA). In a statement on Thursday, the Department of Trade and Industry (dti) said the first shipment of poultry (frozen chicken legs) arrived at the Port of Durban.... Read more »

Posted on : Friday , 4th March 2016

Open Skies Agreement signed between Rwanda & Ethiopia

East Africa: Rwanda, Ethiopia Sign Open Skies Agreement.Rwanda and Ethiopia have signed an air service agreement, where the two countries agreed to open their airspace allowing their national carriers to operate without restrictions. According to the agreement, signed between the Rwanda Civil Aviation Authority (RCAA) and Ethiopia Civil Aviation Authority, all air service operations will be conducted under the fifth freedom.... Read more »

Posted on : Thursday , 3rd March 2016

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