Market News Page No. 454| Africa Business News | Afrotrade

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Bralirwa gets Sh2.5bn loan to fund expansion

Listed Rwandese beverage-maker Bralirwa has received a Sh2.5 billion loan from the International Finance Corporation (IFC) to expand its Kigali-based plant. Bralirwa — which listed on the Rwanda Stock Exchange after selling shares to East Africans including Kenyans — will use the fresh capital to add a soft-drink bottling line, improve on the company’s energy consumption and construct a waste-water treatment.... Read more »

Posted on : Friday , 11th September 2015

Dairy firm to tap into regional market

Githunguri Dairy, manufacturers of the Fresha brand of products, is expanding its foothold within the East African Community (EAC) by growing its presence in Tanzania, South Sudan and Uganda. The milk processor said it has been consolidating its presence in Kenya and was now ready to expand to neighbouring countries. Speaking in Mombasa, Githunguri Dairy Co-operative Society Chairman Charles Mukora, said that buoyed by.... Read more »

Posted on : Friday , 11th September 2015

Tanzania gets mobile phone-based agricultural service

A new mobile phone-based service has been launched in Tanzania to provide agricultural information to farmers Tanzania Mobile Agriculture DIVatUSAID FlickrM-Kilimo is expected to benefit more than 90,000 livestock keepers, crop farmers and fishermen. (Image source: DIVatUSAID/Flickr) The M-Kilimo platform is an innovative service that gives farmers access to markets for agricultural produce. Once registered on the M-Kilimo platform,.... Read more »

Posted on : Friday , 11th September 2015

FreeConferenceCall.com Launches in Nigeria, Kenya and South Africa

FreeConferenceCall.com, an independent provider of collaborative communications solutions, has launched free conference calling in Nigeria, Kenya and South Africa. Users in these markets can access free Audio Conferencing as well as features such as Audio Recording and Mobile Applications. The service gives consumers, businesses, charities, non-governmental organizations (NGOs), and governments immediate access to conference calling services.... Read more »

Posted on : Friday , 11th September 2015

Ghana: Investors in Mining Sector Return 77 Percent Profit to Ghana

Mr. Sulemanu Koney, Chief Executive Officer of the Ghana Chamber of Mines, says contrary to popular opinion, the mining industry returns a large proportion of its revenue to the Ghanaian economy. He said, in 2014, for instance, the industry returned approximately 77 per cent of its revenue to the country, with a large part of the remainder used for capital expenditure and acquiring consumables. Mr. Koney said this at the.... Read more »

Posted on : Thursday , 10th September 2015

Uganda: Regional Manufacturers to Establish Investment Fund

Kampala — Regional manufacturers are planning to establish a fund that will facilitate joint investment in capital intensive and flagship projects. This was one of the resolutions made during the recent EAC manufacturers' business summit, and is aimed at discussing the role of manufacturing in deepening the integration and fostering economic growth in the region. In their Kampala resolution, the industrialists resolved.... Read more »

Posted on : Thursday , 10th September 2015

Uganda: Farmers Urge Govt to Support Local Seeds

Farmers have implored government to encourage the use of local seeds for crop production and multiplication to avoid counterfeits in the certified seeds market. Speaking during a seed dialogue in Kampala recently, farmers under their umbrella body, Eastern and Southern Africa small-scale farmers' forum (ESAFF- Uganda), said most certified seeds especially those freely given out by National Agricultural Advisory Services (Naads) and.... Read more »

Posted on : Thursday , 10th September 2015

Kenya: Construction of Kenya, South Sudan Fibre Optic Cable Commences to Enhance Communication and Inter-Border Trade

Kenya and South Sudan will be connected to a high-speed fibre optic cable within the next two years enhancing communication and inter-border trade. The ICT Authority is implementing the Kenyan-side of the project through a World Bank fund estimated at a cost of USD 25.5 million dollars, while the Sudan side is estimated to cost USD 15 million dollars. The road construction between Lokichar and Nedapal is worth USD 500 million dollars.... Read more »

Posted on : Thursday , 10th September 2015

Zanzibar to construct new sea port

ZANZIBAR government has officially approved the construction of a new sea port at Mpiga-duri coastal area starting early next year. This was announced here by President Dr Ali Mohamed Shein saying that Exim Bank of China has already allocated 200 million US dollars as part of the funds for the project. He said Zanzibar has been on the right track in achieving its development goals and the new port will put an end to the present congestion at.... Read more »

Posted on : Thursday , 10th September 2015

An African province to get US$350mn industrial hub

An Angolan investment group has agreed to develop an industrial hub in Lubango, Angola for US$350mn brewery-pixabaySTI's investment will be used to develop a brewery, mill, slaughterhouse, soft drink plant as well as a dairy products factory. The investment is being made by Silvestre Tulumba e Investimentos (STI), an Angolan investment firm that specialises in real estate, car trade, hospitality and distribution of food and spare.... Read more »

Posted on : Thursday , 10th September 2015

China signs two construction deals worth US$5.5bn in Africa

China Railway Construction Corp Ltd., (CRCC) has signed two deals worth US$5.5bn for construction projects in Africa railwaylinenigeria-johnward CRCC’s China Civil Engineering Construction Corporation will build an intercity railway line for US$3.5bn in Nigeria’s Ogun State. The Chinese company has also won the order from the Zimbabwean Ministry of Local Government, Public Works and National Housing to develop the Magamba.... Read more »

Posted on : Thursday , 10th September 2015

NIRP to boost Africa manufacturing sector

The Nigeria Industrial Revolution Plan (NIRP) is likely to increase the annual revenue of the nation’s manufacturing sector to US$25bn, said Nigerian minister for industry, trade and investment Olusegun Aganga construction The minister said that the goal of the NIRP was to increase the contribution of the manufacturing sector’s GDP from the current seven per cent to more than 10 per cent in the next five years. The NIRP, a.... Read more »

Posted on : Thursday , 10th September 2015

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