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

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Kenya: North Rift Bloc to Export Fresh Produce

The North Rift Economic Bloc formed by eight counties is viable and will start exporting fresh produce, the chairman has said. Jackson Mandago (Uasin Gishu governor) said the bloc will fight poverty and economically empower more than 15 million people. The eight counties produce 30 per cent of the flowers exported from Kenya. Mandago said they will work towards increasing production of horticultural crops for.... Read more »

Posted on : Wednesday , 4th November 2015

Rwanda: Minicom, Indian Bank to Enhance Trade Competitiveness

The ministry of trade and industry (Minicom), in partnership with the Export and Import Bank of India (EXIM), have come up with strategies that are geared towards promoting export growth in the country. Speaking at a stakeholders' consultative meeting entitled 'Enhancing Rwandan Export Potential' yesterday, the permanent secretary of Minicom, Emmanuel Hategeka, said that the issuance of export credit insurance/ guarantees is important.... Read more »

Posted on : Wednesday , 4th November 2015

Tanzania: Museum to be Erected for Laetoli Footprints

Arusha — At least $200 million (about Sh400 billion) will be spent on the construction of a museum for Laetoli footprints in Ngorongoro Conservation Area (NCA), an expert has said. Dr Luois and Mary Leakey discovered the foot prints of human beings who date back to 3.6 million years ago were buried in 1998 to prevent them from weathering. Mr Joshua Mwankunda, an expert with Ngorongoro Conservation Area Authority, said the.... Read more »

Posted on : Wednesday , 4th November 2015

Kiyovu, Kimicanga, Construction to Start Soon - City of Kigali

For a while, it has been speculated that the city of Kigali has failed to get potential investors to buy plots in lower Kiyovu. Found in Ubumwe cell, Muhima sector, Nyarugenge District, government identified this area as prime for investors because of its strategic location in the Central Business District (CBD). Residents of this slum were relocated to Batsinda, a Kigali suburb, and billions of francs were pumped in the area.... Read more »

Posted on : Wednesday , 4th November 2015

Namibia: B1 Construction Cost Up By N$95 Million

THE projected cost of constructing the B1 dual carriageway between Windhoek and Okahandja has increased by N$95 million due to changes to the design. The road will now have two full lanes on both sides running side-by-side once the project is completed, thereby scrapping the initial converging dual and single lanes that were set to be constructed on some parts of the road. Roads Authority manager for corporate communications.... Read more »

Posted on : Wednesday , 4th November 2015

Nigeria: Shell, Others Begin Construction of Industrial Park

The Nigerian Content Development and Monitoring Board (NCDMB) and Shell Petroleum Development Company of Nigeria (SPDC) last Friday performed the ground breaking of a mini industrial park to boost Nigerian Content goals. The event took place in Port Harcourt, Rivers State and featured three original equipment manufacturers (OEMS) utilised by Shell for its operations-Alcon, Fiddil, Prime Atlantic-each getting a land space measuring 1800.... Read more »

Posted on : Wednesday , 4th November 2015

Kenya: Tatu City Seals Sh400m Deal With Infrastructure Firm Sinohydro

Tatu City has sealed a Sh400 million deal with international infrastructure firm Sinohydro to lay out basic infrastructure that will supplement the first phase of the project. The Chinese engineering firm will set up infrastructure for water, sewerage and temporary road works for Tatu City's development. The additional seven-kilometre temporary roads will help facilitate ongoing construction activities. "We are.... Read more »

Posted on : Wednesday , 4th November 2015

Fate of Kudu Power construction Project in Namibia to be known 2016

The fate of Kudu Power construction Project in Namibia will be known in mid 2016, Managing Director of National Petroleum Corporation of Namibia (Namcor), Immanuel Mulunga has announced. Since the stalling of the project, cost has doubled up to about US $2.3bn and it will entail the transfer of gas from the offshore Kudu field to a floating production system. This will then be piped 170km to a planned 885MW power plant located in at.... Read more »

Posted on : Wednesday , 4th November 2015

Newly constructed 55MW solar power project in Tanzania commissioned

The newly constructed 55MW solar power project in Tanzania has been commissioned. The project was launched at University of Dodoma (UDOM) in Tanzania with an in tension of making the institution one of Africa’s leading universities using renewable energy. The project which is done in partnership with Ohio State University‘s (OSU) and UDOM will eventually establish itself as a global centre of excellence in renewable energy.... Read more »

Posted on : Wednesday , 4th November 2015

Newly constructed 55MW solar power project in Tanzania

The newly constructed 55MW solar power project in Tanzania has been commissioned. The project was launched at University of Dodoma (UDOM) in Tanzania with an in tension of making the institution one of Africa’s leading universities using renewable energy. The project which is done in partnership with Ohio State University‘s (OSU) and UDOM will eventually establish itself as a global centre of excellence in renewable.... Read more »

Posted on : Wednesday , 4th November 2015

The construction of 78km Powerline in Burundi launched

A US$ 36m powerline in Burundi that was constructed to link the capital Bujumbura, from the Ruzizi II hydroelectric dam in Kamanyola at the Democratic Republic of Congo has been launched by Burundi’s Deputy President Dr. Joseph Butore. The Powerline in Burundi will help the country export surplus electricity to neighboring countries, or import through the regional interconnection lines. “The project is of paramount importance.... Read more »

Posted on : Wednesday , 4th November 2015

Tanzania To Become One Of The Largest Producer Of Graphite In The World, Ministry Says

The Tanzanian Ministry of Energy and Minerals (MEM) has recently announced that Tanzania will soon become one of the largest producers of graphite in the world, due to recent and abundant discoveries of graphite fields across the country. The discoveries come mainly from Magnis Resources Limited (ASX:MNS), Mozambi Resources (ASX:MOZ) and Kibaran Resources Limited (ASX:KNL) which manage a total of five graphite projects across Tanzania.... Read more »

Posted on : Tuesday , 3rd November 2015

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