Market News Page No. 419| Africa Business News | Afrotrade

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Zimbabwe: SA, Chinese Companies to Set up Steel Manufacturing and PVC Plants

A LOCAL company, Tradecode Investments says it is close to securing a $20 mln investment from two separate investors for the construction of a steel manufacturing plant as well as a factory to produce PVC ceilings in Chiredzi. The company’s managing director Venancio Kurauone said the investors from South Africa and China will each invest US$10 million in the two plants. “BW Exporters of South Africa is a worldwide.... Read more »

Posted on : Friday , 13th November 2015

Zimbabwe: Indian Billionaire to Invest U.S.$30 Million

Indian billionaire Ravi Jaipuria is set to invest US$30 million in a Pepsi bottling plant in the country, promoters of the project said. Entrepreneur Adam Molai, who is the promoter of the project, told businessdigest this week that Varun Beverages, Ravi's bottling business, would invest US$30 million in the first phase of the project. Molai said the US$30 million would go into the installation of a pet, canning and bottling.... Read more »

Posted on : Friday , 13th November 2015

Wienco to Invest U.S.$5 Million in Cocoa Production

An agronomist at Wienco Liberia Limited (WLL), Eric Asante Antwi, has said that the company is poised to invest US$5m in Liberia's cocoa sector to help boost the production of the crop in the country. Antwi said this amount will be invested in the next couple of years in order to empower cocoa farmers with the requisite fertilizers and other agriculture inputs that would help increase production in the sector. Speaking with.... Read more »

Posted on : Friday , 13th November 2015

Somabhula Farmers Cash in On Hay

"DESPERATE times call for desperate measures" is an adage that A2 farmers in Somabhula, Vungu district, now know quite well after they turned to hay bailing for a living. With most of the country's farms having now virtually turned into grasslands because of very little production taking place on the properties ever since the land reforms in 2000, such an opportunity to turn the abundant grass into money has been most.... Read more »

Posted on : Friday , 13th November 2015

Tunisian Olive Oil to Be Labelled From 2016

Tunis — Tunisia's flagship product, olive oil will be officially labelled from 2016, Director at the Technical Centre of Food Industry (CTAA) Narjes El Hammar said on Thursday. Speaking at a national seminar on olive oil held in Tunis, she added that the label will allow a better valuation of the olive growing sector and bring greater added value to the Tunisian product. It will also provide a comprehensive traceability system so.... Read more »

Posted on : Friday , 13th November 2015

Rwanda Auctions Biggest Mining Site, Wants More Investors

Rwanda on Wednesday auctioned its largest mining site sitting on 22,000 hectares at Gatumba sector in Ngororero district of Western Province. Four companies have taken over a large portion of the mining site after winning a tender and have committed $ 37,843,791 worth of investment. Their investment will go into exploration work, mining and mineral processing, job creation, contribution to the welfare of the neighboring community, and.... Read more »

Posted on : Friday , 13th November 2015

East Africa: Comesa Launches Seed Variety Catalogue

THE Common Market for Eastern and Southern Africa (COMESA) has launched its seed variety catalogue aimed at facilitating farmers' access to improved varieties from all member states through simplified customs procedure. COMESA assistant secretary general programmes, Kipyego Cheluget said key benefits of the COMESA seed variety catalogue to the seed system would include, enhancement of more efficient movement of quality seed in the.... Read more »

Posted on : Thursday , 12th November 2015

Zambia: Horticulture Investment Opportunities Study On

AGRI PROFOCUS Zambia in conjunction with Agri-Business Incubation Trust (AgBIT) and SNV Netherlands Development Organisation in Zambia have embarked on a market study to determine investment opportunities in the horticulture sector. AgriProfocus country coordinator Claire van der Kleij said the three organisations were conducting market study to determine the investment opportunities in the horticulture sector. Ms Kleij said.... Read more »

Posted on : Thursday , 12th November 2015

Eko Atlantic City Project Attracts International Attention

Eko Atlantic City has been held up as a model of development for the future city and one that has the potential to change the landscape of Lagos. The project is already attracting the attention of investors across the world as it nears completion, in line with the new focus on Africa, which is seen as the next frontier in the real estate market. Aside the expansion of real estate that the project offers, its Great Wall is expected to.... Read more »

Posted on : Thursday , 12th November 2015

Uganda: Construction, Agro-Processing Dominate Top 100 Company List

Kampala — Companies involved in construction and agro-processing have dominated this year's Top 100 Mid-sized company list, the findings of a survey by KPMG and Daily Monitor have revealed. The annual survey, whose findings will be released tomorrow, shows the construction sector registered a 67 percentage growth in sales up from 33 while companies involved in agriculture and horticulture registered 85 per cent growth annual sales.... Read more »

Posted on : Thursday , 12th November 2015

Kenya: NCA Registers 18,000 Contractors

Nairobi — The National Construction Authority (NCA) has registered 18,000 contractors in different categories ranging from building, civil works and other specialised fields. NCA Executive Director Daniel Manduku said over 150,000 construction workers and site supervisors had been accredited in a move aimed at enforcing order to the construction sector. "We have now registered all contractors in Kenya. This move.... Read more »

Posted on : Thursday , 12th November 2015

EXTENDED WELL TESTING PROGRAMME IN AMOSING FIELD IN KENYA BLOCK 10BB COMPLETE

Tullow Oil and joint venture partner Africa Oil have completed the production phase of the Extended Well Testing (EWT) programme at the Amosing field and is ongoing at the Ngamia field both in Block 10BB. This is according to the latest update by the operator where it elaborates that the checks involved testing of five reservoir zones over distances of approximately 330 to 450 meters where pressure communication was observed. “These.... Read more »

Posted on : Thursday , 12th November 2015

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