Market News Page No. 412| Africa Business News | Afrotrade

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N e w s

Mobius Motors to deliver Africa�s cheapest car

Nairobi-based Mobius Motors recently announced and started pre-selling its Mobius II model, which will offer drivers a highly robust vehicle capable of tackling Africa’s rough rural terrain and will, importantly, be the most affordable SUV on the market, selling for around US$11,000 (other new models usually sell for about US$23,000). It achieves this price by offering a simplified design, with non-essentials such as air-con,.... Read more »

Posted on : Friday , 6th November 2015

Construction of phase two of gas project in Africa gets funding from Chinese firm

Chinese firm Sinopec International Petroleum Service Corporation has offered to finance the construction of phase II of gas project in Ghana. The giant Chinese Oil Company has confirmed its capability to finance and ensure early completion of the gas project in Ghana. For about 352 days, the company has helped the country to produce and process natural gas of 532million cubic metres; Liquified Petroleum Gas of 71,330.65.... Read more »

Posted on : Friday , 6th November 2015

Construction of wind power projects in Africa receives AfDB support

The construction of wind power projects in Egypt has received a major boost after African Development Bank (AfDB) agreed to extend a loan of US$50 towards the projects. The project will be constructed by Egyptian-Emirati company. AFDB says it will finance Egypt’s share in the first Egyptian-Emirati project to generate electricity from wind power. The loan will be given to New and Renewable Energy Authority (NREA) that.... Read more »

Posted on : Friday , 6th November 2015

FASTER IMPORTS CLEARANCE AS STATE EXPANDS PRE-SHIPMENT SCRUTINY LIST

The pace and efficiency of import cargo clearance at the various ports of entry is expected to improve following a move by the government to expand the list of goods inspected at the point of origin before shipment into the country. “Having more goods in the pre-shipment inspection arrangement is good for us because we will have lesser work here in terms of inspection. Goods shall be certified at the point of origin and shall only make.... Read more »

Posted on : Thursday , 5th November 2015

Kenya shrugs off Uganda plan to build oil pipeline through Tanzania

Kenya has shrugged off fears over a decision by neighbouring Uganda to consider building a crude oil pipeline through Tanzania. Kenya brushed aside concerns that Uganda’s plan, if it proves cheaper than the alternatives, would scuttle its infrastructural plans for its own oil pipeline. Acting Transport Cabinet Secretary James Macharia told the Nation on Wednesday that while Kenya is “keenly keeping a close watch on the.... Read more »

Posted on : Thursday , 5th November 2015

Aisin Original Parts Manufacturer Enters Nigeria Market

Aisin, world renowned original auto equipment manufacturers, OM, has introduced its range of products into the Nigerian market with a mission to rid the nation's auto market of fake vehicle spare parts, and promote safe driving culture in the country. Aisin is a world leading auto spare parts supplier to renowned automobile manufacturing companies across the world, especially the Japanese including Toyota, Honda, Mitsubishi among.... Read more »

Posted on : Thursday , 5th November 2015

Namibia: Stevens Trading Opens Garment Factory in Okahandja

Stevens Trading and Manufacturing, which produces safety-wear and corporate clothing, on Monday opened a new garment factory in Okahandja to compliment their already existing factory in Swakopmund, their retail outlet in Ongwediva and their headquarters in Windhoek. The husband and wife team of Lukas and Natalie Steven invested approximately N$750 000 into the new facility in Okahandja, and also received about N$200 000 worth of.... Read more »

Posted on : Thursday , 5th November 2015

Ethiopia: Increasing Livestock GDP Contribution

Livestock Development and Fishery Minister Silesh Getahun said one of the means for achieving its mission is boosting agricultural production and productivity in which livestock and fisheries are one and the most. Not policy, strategic or plan issues that hinders the country not able to use from the sector and contribute much for the over all to the Gross Domestic Product(GDP). Although Ethiopia is endowed with a huge livestock.... Read more »

Posted on : Thursday , 5th November 2015

Nigeria: Argentinians Expresses Interest in Agriculture

Abuja — INVESTORS from Argentina have indicated interest in investing in North-Western Nigeria Kano State 's agricultural sector. The country's envoy to Nigeria, Ambassador Gustavo Dzugala, expressed the interest during a visit to the state governor, Abdullahi Umar Ganduje. Dzugala said a team of agronomists and agricultural engineers from the South American country would soon visit the state for assessments. The.... Read more »

Posted on : Thursday , 5th November 2015

Ntfiii Links Kenyan Avocado Growers With International Buyers

An annual fresh produce trade show in Berlin has borne fruit for the avocado industry in Kenya. Over 40 tonnes of avocados grown by a Kenyan company have been shipped to France, marking the first step in a promising new commercial relationship. The new exports are linked to a project being implemented by the International Trade Centre (ITC), aimed at enhancing the competitiveness of the avocado sector in Kenya and connecting.... Read more »

Posted on : Thursday , 5th November 2015

Tanzania: Local Grape Market in for Major Sprout

Dodoma — Grapes farmers in Central Zone have reason to smile as the government has named the crop among the main resources to be used in boosting the economic status of the designated capital city. President-elect Dr John Magufuli has promised to push for the introduction of large-scale farms and establishment of modern grapevine factories in the region to make farmers have reliable markets. The plan also involves.... Read more »

Posted on : Thursday , 5th November 2015

Dutch firm wins tender for expansion of Dar airport

BAM INTERNATIONAL HAS RECEIVED INSTRUCTIONS TO PROCEED WITH PHASE II OF DESIGNING AND BUILDING THE NEW TERMINAL III OF JULIUS NYERERE INTERNATIONAL AIRPORT (JNIA). FULLY KNOWN AS KONINKLIJKE BAM GROEP OR ROYAL BAM GROUP, IS A MAJOR EUROPEAN CONSTRUCTION-SERVICES BUSINESS WITH HEADQUARTERS IN BUNNIK, NETHERLANDS. The firm said in its website that the Tanzania Airport Authority (TAA), instructed it to proceed with phase II of the JNIA terminal.... Read more »

Posted on : Thursday , 5th November 2015

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