Market News Page No. 433| Africa Business News | Afrotrade

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Tanzania to Get Fish Processing Factory

The Chama Cha Mapinduzi (CCM) Presidential running mate, Ms. Samia Suluhu Hassan has pledged fish processing factory for Mwibara residents, should the party be voted in office during this year's general election. Addressing a rally at Mnadani grounds here yesterday, Samia said CCM will also use all necessary means to end robbery incidents on Lake Victoria, where residents conduct fishing activities. "The end of such theft has come.... Read more »

Posted on : Thursday , 8th October 2015

East Africa: Fortified Foods Manufacturer, Govt Sign Joint Venture Deal

About 9,000 farmers stand to benefit from a new joint venture deal signed between the Government of Rwanda and Africa Improved Foods (AIF) on Tuesday to produce fortified foods in the country. Africa Improved Foods is a consortium created by Royal DSM (the global Life Sciences and Materials Sciences Company), the Dutch Development Bank, the DFID, the UK government's Development Finance Institution under the Impact Acceleration.... Read more »

Posted on : Thursday , 8th October 2015

A new airport in Africa set to be constructed

The construction of a multi-million dollar new Airport in Nigeria is set to kick off at Ekiti State after a spate of delay. The airport project will be executed on 4000 hectares of land. The construction project was initially approved in 2009 during the administration of the late Umaru Musa Yar’Adua, since then the project has experience neglect due to lack of political will for its implementation by the previous.... Read more »

Posted on : Thursday , 8th October 2015

Sudan, Saudi Arabia Discuss Minerals Exploration in the Red Sea

Sudan and Saudi Arabia on Tuesday have discussed exploration of mineral resources in the common area between the two countries in the Red Sea. In February 2012 the two nations launched the Atlantis II joint venture to exploit gold, silver, copper and other minerals from the bottom of the Red Sea. The joint sea region of Atlantis II has about 97 million tons of various raw metals, including a ton of zinc, 500,000 tons of copper, 4000 tons of.... Read more »

Posted on : Thursday , 8th October 2015

JRA adopts Web-based system to improve infrastructure maintenance

A recently introduced Smart City solution has enabled the Johannesburg Roads Agency (JRA) to develop a complete view of the city’s roads inventory, with over 1.6-million images and 700 000 locations of JRA assets being captured onto the system for tracking, monitoring and management. City of Johannesburg MMC for Transport Christine Walters noted that the new innovation would result in improved service delivery to the public and better.... Read more »

Posted on : Thursday , 8th October 2015

KKR to invest $100 million in Africa within a year, make Nigeria regional base

U.S. private equity firm KKR & Co LP is considering investing around $100 million in Africa within a year, a senior executive said on Tuesday. KKR is looking at the agriculture and food business, the energy industry and infrastructure projects, Dominique Lafont, a senior advisor at KKR, told Reuters during a visit with a French business delegation to Nigeria. "We want to use Nigeria as regional base and springboard for West.... Read more »

Posted on : Thursday , 8th October 2015

ERC notes increased Electricity exports from Kenya

Electricity exports from Kenya to Uganda and Tanzania have significantly increased as of July this year, Energy Regulatory Commission in Kenya has noted. According to the regulator the move is due to the recent addition of geothermal power into the national grid. “The country has increased power sales and cut imports largely due to the additional geothermal energy to the grid,” said John Mutua, senior manager for.... Read more »

Posted on : Thursday , 8th October 2015

GB Allied Services and IGS Kenya partners to construct affordable houses in Rwanda

Construction of affordable houses in Rwanda is in top gear following the signing of a proposal of the same by UK based GB Allied Services and International Green Structures Kenya Limited (IGS Kenya). Earlier this month Director Ben Armani and Engineer Robert Mugisha from GB Allied Services (UK) Ltd.; visited and toured the IGStructures models in Nairobi and the IGS Manufacturing Facility Kenya (IGSM-K) in Thika, Kenya. The purpose of the.... Read more »

Posted on : Thursday , 8th October 2015

Mega housing construction project in Tanzania opened

National Housing Corporation (NHC) has launched a mega housing construction project in Tanzania. The construction project dabbed Morocco Square Towers in Kinondoni District, Dar es Salaam, has been taunted as the biggest housing project in East and Central Africa. The Morocco Square Towers was launched by Deputy Minister for Lands, Housing and Human Settlements Development, Ms Angela Kairuki. NHC Director General, Mr..... Read more »

Posted on : Thursday , 8th October 2015

Construction of 200 Houses in Cuvango Built At 10 Percent

Cuvango — The construction works of the 20 social houses, out of 200 residences, in Cuvango municipality, southern Huíla province, are concluded. Speaking to Angop, the municipal administrator, Miguel Luís said that it is under execution the installation of the technical networks, according to the urbanization patterns. He stressed that the execution of the project is only in this phase because the.... Read more »

Posted on : Wednesday , 7th October 2015

Mining - Australia Seeks Closer Ties With Nigeria

The Australian High Commission and Australia's Murdoch University have organized a policy workshop for experts in Nigeria's mining field, to foster growth and inclusiveness in the Nigerian mining sector. The workshop which reported on the research outcomes of Nigeria's mining sector by Murdoch University explored how the extractives sector could contribute positively to the nation's economic indices. In his remarks, Permanent.... Read more »

Posted on : Wednesday , 7th October 2015

Ethiopia: Gov't Plans to Garner U.S.$3 Billion From Mining Sector

At the end of the second Growth and Transformation Plan (GTP II) (2016-2020) the Ministry of Mines is planning to garner three billion dollars a year from mineral and gas exports. The leadership of the Ministry of Mines and employees of the ministry are deliberating on the second GTP at the ministry from October1-5. In the sideline of the meeting Minister Tolossa Shagi told The Reporter that the ministry anticipates to earn three.... Read more »

Posted on : Wednesday , 7th October 2015

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