Market News Page No. 443| Africa Business News | Afrotrade

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Investment in Agriculture for Increased Production and Productivity in Africa

The Regional FAO field coordinator for MDG1C in Upper River Region has described value chain in agriculture as a prerequisite to boost the commercialization of agricultural products, and to attain sustainable livelihood development. Dr Saikou E. Sanyang, an agriculturalist, noted that agricultural development depends on the simultaneous growth of farm-level production and productivity and the value chains to which it is.... Read more »

Posted on : Thursday , 15th October 2015

East Africa: Gold Miners Make 140.6 Million Br Investment

Two small scale mining companies are seeking gold and silver extraction licences to join the multi-billion Birr sector now dominated by MIDROC Gold. These companies, Letto and Lozbez, completed their exploration work and submitted their feasibility studies to the Ministry of Mines (MoM) in September. During the five years of the first Growth and Transformation Plan (GTP I), MIDROC Gold and artisanal miners had mined.... Read more »

Posted on : Thursday , 15th October 2015

East Africa: Newly constructed port terminal to start operation in mid 2016

Multi-donor agency Trade Mark East Africa (TMEA), has hinted that the newly constructed Mombasa port terminal which cost US$ 30.9bn will be operational in June, 2016. Dr. Chris Kiptoo, the TradeMark East Africa (TMEA) Kenya director said that the agency will hand over the facility to the Kenya Ports Authority (KPA) by mid next year. The terminal which has a capability of increasing container space by 450,000.... Read more »

Posted on : Thursday , 15th October 2015

Tanzania to get banana processor

Salum Said, a Director of Kagoma Green Estates said he wants people in the vicinity to move out of poverty. “What I am doing, I want other people do in order to make sure we support our people and the government in its efforts to fight poverty,” he said last week. Kagera Green Estates has acquired about 30 acres of land in Kikuku village for planting of banana plants and the activity is underway where over 10,000 banana tree seeds.... Read more »

Posted on : Wednesday , 14th October 2015

Swala Oil selects Tanzania drilling site

DAR ES SALAAM, Tanzania – Swala Oil & Gas (Tanzania) plc has selected a drilling location for the 2016 exploration well that shall be drilled on the Kito prospect in the Kilosa-Kilombero licence. The technical review of the Kilombero Basin has shown the Kito prospect to be robust and has given promising indications of the potential prospectivity within the basin,” Dr David Ridge, the firm’s CEO said last.... Read more »

Posted on : Wednesday , 14th October 2015

Ethiopia�s hydroelectric project begins power generation

Ethiopia’s Gilgel Gibe III hydroelectric power project began power generation, APA can report on Monday.The Dam, highest Roller Compacted Concrete (RCC) dam in Africa, will have a total installed capacity of 1,870mw. This will increase Ethiopia’s power generation capacity by 234 percent, according to Alemayehu Tegenu, Cabinet Affairs Minister, and former Minister of Water, Irrigation and Energy. The power will provide an.... Read more »

Posted on : Wednesday , 14th October 2015

CHINA TARGETS KENYAN PORTS TO EXPAND GLOBAL TRADE INFLUENCE

China is targeting Kenya’s ports of Mombasa and Lamu in expanding its global influence through trade and connectivity. The Port of Mombasa is the busiest in East Africa and serves Kenya, Uganda, Rwanda, South Sudan and the Democratic Republic of Congo. Port of Lamu, whose construction is underway, is part of the larger transportation corridor between Kenya, Ethiopia, South Sudan and Uganda. When completed, the corridor will be named.... Read more »

Posted on : Wednesday , 14th October 2015

KENYA TO ROLL OUT SPECIAL TRADE ZONES IN FIRST QUARTER OF 2016

The designated trading zones will be established in the first quarter of 2016, the Industrialisation ministry has said. They are expected to help investors cut down on key cost drivers such as transport, with the hope that surplus funds would go towards value addition. The focus of the new policy on SEZs is that goods be produced closer to raw material sources and investors handed preferential terms on matters such as licensing. “The.... Read more »

Posted on : Wednesday , 14th October 2015

Norwegians in Talks With East African Counterparts in regards to investment expansion initiatives.

Nairobi — Kenyan and Norwegian investors had discussions on a wide range of potential fields for joint trade and investment engagements recently writes KENNEDY ABWAO. The Norwegian firms were asked to consider increasing their presence in the region to capitalize on a new market of 600 million people. Norwegian Minister for Trade and Industry Monica Maeland said to bolster the trade ties between her country and.... Read more »

Posted on : Wednesday , 14th October 2015

Kenya's Investments in Tanzania Grow

KENYA'S investments in Tanzania have reached 1.685 million US dollars in 518 projects creating 55,762 jobs. The Executive Director of Tanzania Investment Centre, Juliet Kairuki, revealed this in Nairobi recently in Tanzania-Kenya business forum during an official state visit of President Jakaya Kikwete to Kenya. Juliet Kairuki said, the forum was organized by Kenya Ministry of Foreign Affairs and International Trade, Kenya.... Read more »

Posted on : Wednesday , 14th October 2015

Tanzania: Call to Boost Investments in Agriculture

AGRICULTURAL investment is one of the most important and effective strategies for economic growth and poverty reduction particularly in rural areas where the majority of the poor live. Gross domestic product (GDP) growth in agriculture has been shown to be at least twice as effective in reducing poverty as growth originating in other sectors. The Tanzania agriculture sector that employs over 70 per cent of the workforce.... Read more »

Posted on : Wednesday , 14th October 2015

East Africa: 'Most Improved' in Trade, Investment-Friendly Environment

Uganda is the most improved economy in the East African region in terms of creating a conducive environment for trade and investment, according to the latest Global Competitiveness ranking. Uganda, which ranked 115 (from 122 last year) of the 144 economies surveyed globally, was followed by Rwanda, whose economy improved from position 62 last year to 58, while Tanzania moved one position to rank 120 globally. Although.... Read more »

Posted on : Wednesday , 14th October 2015

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