Market News Page No. 404| Africa Business News | Afrotrade

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Egyptian firm sets up US$11mn abbatoire in Uganda

Egypt-Uganda Food Security has invested US$11mn in an abattoir near Bombo town in Luwero district, central Uganda Located about 32 km north of Kampala, the Egyptian company’s new abattoir will process and package meat, mainly beef, for both local and export markets. The abattoir has the ability to slaughter 1,000 cattle daily and can hold up to 5,000 animals. The modern facility also has coolers, skinning equipment and a processing.... Read more »

Posted on : Wednesday , 18th November 2015

Dar keen to enhance trade competitiveness

TANZANIA is set to reform trade policies and strategies to cope with challenges in regional and global markets. The Permanent Secretary in the Ministry of Industry and Trade, Mr Uledi Mussa, said this in Dar es Salaam, during a workshop that brought together various stakeholders in development of trade. Mr Mussa said the government was now implementing the Trade Diagnostic Integration Study (DTDS) strategy that was formally approved in 2007..... Read more »

Posted on : Wednesday , 18th November 2015

Construction of more rooms in Ramada Encore Hotel in Tanzania to begin

US$ 20m has been set aside for the servicing of Ramada Encore Hotel in Tanzania under Ramada Worldwide, Managing Director Abdul Ismail has announced. Mr Ismail said the decision to service the Ramada Encore Hotel in Tanzania was informed by the need to increase hotel rooms in Dar es Salaam which is Tanzania’s capital. “We saw the need and decided to venture into the area, we want to play a role in alleviating a shortage.... Read more »

Posted on : Wednesday , 18th November 2015

Construction begins on largest gas power plant in sub-Saharan Africa

Ghana has begun the construction of what it says will be the largest gas-fired power plant in sub-Saharan Africa to take advantage of the country’s rich reserves of natural gas. The gas power plant in Ghana, developed by Cummins Cogeneration Limited and WUTA Energy, will generate 300mw of power when completed. The first 140mw phase will be connected to the Ghanian Grid next year. The mega gas power plant in Ghana will be.... Read more »

Posted on : Wednesday , 18th November 2015

EMESEK-1 EXPLORATION WELL IN KENYA�S NORTH TURKANA BASIN DISAPPOINTS

The Emesek-1 well which was also the North Turkana basin opener spud in mid-October drilled to a depth of 3000 meters did not encounter commercial hydrocarbons according to the joint venture partners in the Block Tullow Oil (operator), Africa Oil and Maersk Oil. “The Emesek-1 well was the first well to be drilled in the North Lokichar basin. While this wildcat well did not find commercial hydrocarbons, it provides valuable data as we.... Read more »

Posted on : Wednesday , 18th November 2015

AIRBORNE GRAVITY GRADIOMETRY SURVEY OVER LAKE TANGANYIKA NORTH BLOCK COMMENCES

The Tanzania Petroleum Development Corporation (TPDC) has said it has started acquiring a non-invasive Airborne Gravity Gradiometry Survey over wholly operated Lake Tanganyika North Block which cuts across five districts namely; Kigoma rural, Kigoma, Ujiji, Uvinza and Mpanda rural. The survey which started November 17th expected to take three months is to acquire high resolution gravity and magnetic data to map subsurface structural.... Read more »

Posted on : Wednesday , 18th November 2015

Construction At Avon Peaking Power Plant Resumes

Pretoria — KwaDukuza Municipality and Group Five have reached a power deal that will see construction activities resume at Avon Peaking power plant outside Shakaskraal, in KwaZulu-Natal's north coast. This follows the dismissal of about 1 500 construction workers after going on an unprotected strike, which halted construction activities for the past six weeks. KwaDukuza Mayor Ricardo Mthembu and Group Five Executive.... Read more »

Posted on : Wednesday , 18th November 2015

Ethiopia: PM to Inaugurate the New 2 Bln Birr Dashen Brewery

Prime Minister Hailemariam Dessalegn is scheduled to inaugurate Dashen Brewery Share Company's second beer plant tomorrow in Debre Birhan town, 120km northeast of Addis Ababa, producing the same quality of beer as Dashen's first plant in Gonder. The new plant was constructed at a total cost of two billion birr. "The new plant will triple the current production capacity of the brewery," Devlin Hainsworth, CEO of.... Read more »

Posted on : Wednesday , 18th November 2015

Tanzania: New Locomotives for TAZARA

Dar es Salaam — The Tanzania-Zambia Railway Authority (TAZARA) has received four new diesel-electric mainline locomotives and 18 passenger coaches valued at $22.4 million. "We remain eternally grateful to the government and the people of China for their constant and positive association with TAZARA, which they helped build some forty years ago and have continued to prop up unreservedly throughout the years," Eng. Ronald.... Read more »

Posted on : Wednesday , 18th November 2015

Ethiopia: Industry to Open 27 Automotive Industrial Zones

The Bishoftu Automotive Industry announced that it is planning to build new 27 automotive engineering zones throughout the country in the coming years. Bishoftu Automotive Industry General Manager Gebremedhin Zeselassie said that apart from its ongoing activities, the industry is planning to open 27 automotive engineering zones that will be assembling and manufacturing motorcycles, bicycle, light and heavy trucks and other vehicles in.... Read more »

Posted on : Wednesday , 18th November 2015

Arki Mineral Water Bottling Factory Inaugurated

The Arki Mineral Water Bottling Factory constructed at a cost of 40 million Birr was inaugurated last Saturday. It has created permanent job opportunities for 110 citizens. Speaking at the inauguration ceremony, Industry State Minister Dr. Alemu Sime said that the industry and service sectors make significant contribution to the country's economic development.Although the country's development has shown commendable achievements,.... Read more »

Posted on : Wednesday , 18th November 2015

Ethiopia: Local Company Wins 800 Million Br Bid to Supply Re-Enforcement Bars

Local steel company, Steely R.M.I., is supplying 44,075mt of reinforced steel bars worth 804.9 million Br to the government and signed a contract to this effect with the Public Procurement & Property Disposal Service (PPPDS) on November 9, 2015. The government will pay this company 91 million Br more for the supply than if it had accepted the lowest offer. Steely's price of 18,262 Br per tonne was actually higher by a wide margin.... Read more »

Posted on : Wednesday , 18th November 2015

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