Market News Page No. 457| Africa Business News | Afrotrade

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Liquid Telecom set to expand footprints in Tanzania

Tanzania is positioned to be a hub and potential guide way of fibre optic network connectivity for the East, Central and Southern Africa, making telecommunication sector key contributor to economic growth. Liquid Telecom, Chief Executive Officer Mr Nic Rudnick made the remarks in Dar es Salaam yesterday during the Annual conference that constituted all large cable operators across the continent who met to share experience on new technologies in.... Read more »

Posted on : Wednesday , 9th September 2015

NHIF partners with Standard Group to reach 25m

The National Health Insurance Fund (NHIF) has partnered with the Standard Group (SG) to register 25 million members from both the formal and informal sectors by the end of June 2016. NHIF, which was established in 1966 as a department under the Ministry of Health, will use SG’s seven media platforms including Radio Maisha, KTN, KTN NEWS, The Standard, Think Outdoor, The Nairobian and Standard Digital to reach its target. Speaking.... Read more »

Posted on : Wednesday , 9th September 2015

Drill Or Drop Decision In Ethiopia�s Adigala Block Expected In January 2016

Genel Energy a partner at the Adigala block in Ethiopia says a drill or drop decision is expected in the first quarter of 2016 as it continues further processing and interpretation of new 2D seismic acquired in 2014. According to the latest investor presentation the seismic that commenced in the second quarter of 2014 was to refine a number of existing leads into drill ready prospects and de-risk the prospectivity of the.... Read more »

Posted on : Tuesday , 8th September 2015

Spectrum Secures Contract For 2d Seismic Offshore Somalia

Spectrum ASA has announced it has entered into a Multi-client master co-operation agreement with the federal government of Somalia to acquire approximately 28,000 km of long offset 2D seismic data offshore south Somalia during a signing ceremony on September 5th at the SYL Hotel, Mogadishu. The new acquisition has been specifically designed to complement 20,000 km of existing seismic that was acquired in 2014 by Seabird.... Read more »

Posted on : Tuesday , 8th September 2015

EGAS invites LNG Traders to workshop

Egyptian Natural Gas Holding Company reportedly invited ten LNG trading companies to a technical workshop linked to Egypt’s second LNG supply tender. Sources told Reuters that the companies invited could be in a short-list of possible winners of the tender to supply 45 cargoes of liquefied natural gas to Egypt in 2015 through 2016. Twelve companies has submitted bids with two being dropped. EGAS invited PetroChina,.... Read more »

Posted on : Tuesday , 8th September 2015

Israel to construct pediatric hospital in Kenya

A new pediatric hospital in Kenya is set to be constructed after an agreement was signed by Schneider Childrens’ Medical Centre and Nyandarua County. The construction project under Schneider which is Israeli’s largest children hospital will offer technical support and human resource development tools to the residents. The project will be constructed in Ol Kalou town. Nyandarua Governor Daniel.... Read more »

Posted on : Tuesday , 8th September 2015

Construction of power facilities in Africa to receive a boost from AfDB

The African Development Bank now says that it will focus more on efforts to construct more power facilities in Africa in a bid to tackle the chronic power shortages in the continent. AfDB new president Dr. Akinwumi Adesina said that the move will help unlock Africa’s economic potential and end its vulnerability to fluctuations in commodity prices. According to the International Energy Agency, Africa requires an.... Read more »

Posted on : Tuesday , 8th September 2015

Sino Cement to invest US$20mn in Africa's Construction Industry

Sino Cement Zimbabwe is setting up a brick and tile manufacturing unit in Gweru, Zimbabwe at the cost of US$20mn Brick Factory - adam fletcher - Wikipedia CommonsThe unit will create about 200 local jobs and manufacture about 60mn bricks annually. The cement producing company is a subsidiary of China National Materials Group Corporation (SINOMA), which is administered by the Chinese government. Sino Cement managing director Wang.... Read more »

Posted on : Tuesday , 8th September 2015

Phatisa's African Agriculture Fund invests in General Plastics, Kenya

The African Agriculture Fund (AAF), managed by Phatisa, has invested in General Plastics Limited (GPL), a leading manufacturer of packaging products servicing well-known brands mainly in the food, beverage and agro-chemical sectors in Kenya and the broader East Africa region. GPL is a family business that was founded in 1977 and has since steadily grown into Kenya’s foremost manufacturer of plastic packaging products. Today it operates.... Read more »

Posted on : Tuesday , 8th September 2015

Polyco launches series of "how to recycle" videos

POLYCO, the non-profit Polyolefin Recycling Company, has just released a series of five informative and fun YouTube-style videos to explain the importance of plastics recycling, how to recycle, what not to recycle, and the various different products that recycled plastics get made into. According to POLYCO Chief Executive Officer, Mandy Naudé, each video is only approximately 3 minutes in length and features the dynamic and funny.... Read more »

Posted on : Tuesday , 8th September 2015

Constantia Flexibles strengthens position in African market

Constantia Flexibles Group is strengthening its position in the Sub-Saharan African growth market by acquiring the South African flexible packaging company Afripack. The parties agreed not to disclose the price of the transaction, which is subject to regulatory approvals and is expected to close in the next three months. Durban-based Afripack is the second largest flexible packaging company in South Africa and Sub-Saharan Africa. The.... Read more »

Posted on : Tuesday , 8th September 2015

Canon's award-winning Oce ColorWave 700 has landed in SA

Canon South Africa has announced that the first award-winning Océ ColorWave 700 printers have landed in South Africa. Launched in Europe in February and available to South Africa since the beginning of August 2015, the Océ ColorWave 700 is already on display in Canon SA's showroom and now available countrywide. The printer was built to deliver the highest possible productivity in the smallest possible footprint, so it can.... Read more »

Posted on : Tuesday , 8th September 2015

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