Market News Page No. 422| Africa Business News | Afrotrade

Afrotrade - Foreign Products & Machinery Catalogue for African Buyers

N e w s

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

Kenyan gvernment to look into law requiring foreign investors to partner with locals

THE GOVERNMENT WILL LOOK INTO THE LAW REQUIRING FOREIGN INVESTORS TO PARTNER WITH LOCALS WHILE SETTING BUSINESS IN THE COUNTRY TO ENSURE IT IS NOT AN IMPEDIMENT TO INVESTMENTS, DEPUTY PRESIDENT WILLIAM RUTO HAS SAID. Mr. Ruto said the law in the New Companies Act should be geared towards serving the interest of both foreign and the local investors. “We will look for a way of correcting the situation so as to create a favourable climate.... Read more »

Posted on : Thursday , 5th November 2015

UAE-made fruit juice makes come back in Kenyan market

A PREMIER JUICE THAT WAS ONCE READILY AVAILABLE LOCALLY IS SET TO GRACE SUPERMARKETS SHELVES IN KENYA FOLLOWING THE SIGNING OF AN AGREEMENT WITH A LOCAL FIRM. The Masafi natural juice product portfolio will from this week be displayed due to fresh demand by local consumers. This follows the signing of an agreement between Masafi East Africa and Masafi Co. LLC of the United Arab Emirates last week. In the agreement, Masafi East Africa will.... Read more »

Posted on : Thursday , 5th November 2015

Chinese company to set up cement plant in Africa

Namibian and Chinese investors have announced a plan to set up a cement plant at the cost of US$350mn near Otjiwarongo, Namibia cement sebastianbarre flickrThe setting of the plant has enough limestone to last production for at least 40 years. Whale Rock Cement (Whale Rock) is the local partner on the project along with Chinese Asia and Africa Business Management (Xian) Company. Whale Rock has said that a comprehensive.... Read more »

Posted on : Thursday , 5th November 2015

Africa Development Bank approves US$210mn for road infrastructure

The board of directors of Africa Development Bank (AfDB) has approved funding of more than US$210mn to support road infrastructure projects in Tunisia Tunisia Road Rusty Clark Wikimedia CommonsThe road project is expected to help reduce road accidents and improve road infrastructure resilience. Tunisia’s Road Infrastructure Modernisation Project (PMIR) seeks to rehabilitate 719 km of classified roads, mainly in the.... Read more »

Posted on : Thursday , 5th November 2015

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