Market News Page No. 427| Africa Business News | Afrotrade

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Tunisia World's Top Olive Oil Exporter

Tunis — Tunisia was the world's top olive oil exporter in the 2014/2015 campaign, overtaking Spain. Tunisian olive oil exports reached 299,300 tonnes this season, generating record revenues of 1,902 million Tunisian dinars (MTD), according to recent statistics (September 2015) of the Ministry of Industry, Mining and Energy..... Read more »

Posted on : Monday , 12th October 2015

Borno Spends N15 Billion On Agriculture - Commissioner

The Borno State government on Friday said it had invested over N15 billion in agriculture as part of efforts to revolutionise the sector in the state. The commissioner for agriculture in the state, Muhammad Dili, disclosed this in an interview in Maiduguri. Mr. Dili said the state governor, Kashim Shettima, had laid a foundation for smooth take off of all relevant state agricultural programmes. He said the state.... Read more »

Posted on : Monday , 12th October 2015

Salima Sugar Factory Ready

Construction of the Salima Sugar Factory will be completed at the end of this month, but there is no sugarcane to process as work in the cane growing area was halted some time ago due to what the Minister of Agriculture Dr Allan Chiyembekeza described as mismanagement of funds. Breaking the news in Salima on Thursday after touring the factory site, the minister said that the contractor assured him that the work would be completed by.... Read more »

Posted on : Monday , 12th October 2015

Rwanda: RAB Seeks Ways to Increase Fish Production

Rwanda Agriculture Board (RAB) has begun research aimed at finding ways to improve fish species found in the country. The institution is also carrying out research on what kind of feed ensures faster maturity of fish, Dr Wilson Rutaganira, the RAB aquaculture and fisheries programme coordinator, told Saturday Times. "We are assessing our water and fish food, an activity known as 'characterisation of water', in order to.... Read more »

Posted on : Monday , 12th October 2015

Tanzania Inaugurates China Funded Gas Pipeline

Tanzania on Saturday officially inaugurated a 535-kilometer China funded gas pipeline, reported Xinhua. The pipeline built with a $1.33-billion concessional loan from the Export-Import Bank of China transports natural gas from Tanzania's southern region of Mtwara to Dar es Salaam. Construction started in June 2013 and was undertaken by China Petroleum Technology and Development Corporation (CPTDC), a subsidiary of China National Petroleum.... Read more »

Posted on : Monday , 12th October 2015

Kenya�s Proposed Mining Policy Seeks To Lure Investments

Kenya is revising the country’s mining policy to lure more investment. According to estimates, Kenya’s mining sector has the potential to contribute about 6.4 per cent to the country’s gross domestic product (GDP). Chief Executive of Kenya’s Chamber of Mines Steven Mwakesi has hailed the current administration for prioritising the sector. “One thing that has been progressive is the institution of mining.... Read more »

Posted on : Monday , 12th October 2015

Construction of the Mass Rapid Transit System in Kenya gets green light

Construction of the Mass Rapid Transit System in Kenya which will cost US$ 4m is set to be launched in the capital Nairobi and will be fully funded by the National Treasury. The acting Director-general of public debt management at the Treasury, Jackson Kinyanjui confirmed the reports and said that the Ministry of Transport and Infrastructure accepted the proposal for the allocation of US$4m for the construction of the Mass Rapid Transit.... Read more »

Posted on : Monday , 12th October 2015

Turnkey hydropower plant to be constructed in Africa

The Sustainable Energy Fund for Africa (SEFA) has approved a US$965,000 grant to support the preparation of a turnkey hydropower plant in Saltinho, Guinea Bissau hydropower The plant is expected to have a capacity of 20MW, said AfDB. The announcement was made on the sidelines of the African Development Bank (AfDB)’s Energy Week in September. The upcoming hydropower plant will be interconnected by a transmission line to Bissau.... Read more »

Posted on : Monday , 12th October 2015

Rail mass transit project in Africa on track

The construction of the Lagos Rail Mass Transit construction Project in Nigeria is in good progress. Also known as Blue Line project, the project is expected to ease transport need of the fast growing population in Lagos.The project construction is being supported by the government of the United Kingdom. London mayor Alderman Alan Yarrow led a team of London business delegation on a round-table meeting to discuss the progress of.... Read more »

Posted on : Monday , 12th October 2015

Mass Rapid Transit System in Kenya gets green light

Construction of the Mass Rapid Transit System in Kenya which will cost US$ 4m is set to be launched in the capital Nairobi and will be fully funded by the National Treasury. The acting Director-general of public debt management at the Treasury, Jackson Kinyanjui confirmed the reports and said that the Ministry of Transport and Infrastructure accepted the proposal for the allocation of US$4m for the construction of the Mass.... Read more »

Posted on : Monday , 12th October 2015

AfDB boosts construction of new terminal at Kotoka International Airport in Ghana

The construction of new terminal at Kotoka International Airport in Ghana has received a major boost after the African Development Bank (AfDB) announced that it had approved a $120 million corporate loan to finance Ghana Airports Company Limited’s (GACL) capital investment programme. The loan is expected to help in the construction of a new terminal at Kotoka International Airport (KIA) in Ghana capital Accra, and the rehabilitation of.... Read more »

Posted on : Friday , 9th October 2015

Petra Diamonds injects US$22 million into Mwadui mine operations

Petra Diamonds has earmarked US$22 million for capital spending in two years at its Williamson mine at Mwadui in Shinyanga, which last fiscal year produced 202,265 carats, The Guardian has established. Reliable sectoral sources said US$17 million will be injected into the operation in the current financial year, which started this June. The remaining US$5 million for capital expenditure (capex) will be used in the 2017/18 financial.... Read more »

Posted on : Friday , 9th October 2015

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