Market News Page No. 458| Africa Business News | Afrotrade

Afrotrade - Foreign Products & Machinery Catalogue for African Buyers

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Sappi sells Cape Kraft recycled packaging mill to Golden Era Group

Following on Sappi's recent announcement of the sale of its Enstra Mill and recycled packaging business, Sappi wishes to announce the sale of its Cape Kraft recycled packaging paper Mill to the Golden Era Group. In March 2015 Sappi initiated a closed tender process after receiving many expressions of interest to buy the mill. It is expected that the transaction will close in September 2015. The disposal is not categorisable in terms of section.... Read more »

Posted on : Tuesday , 8th September 2015

Gumtree helps Stickeez fans

The Stickeez tiny plastic toys, given away by Pick n Pay are highly sought after commodities in playgrounds and schools, so much so that enterprising entrepreneurs and desperate moms are putting them up for sale and swop on Gumtree. Head of Gumtree Marketing Claire Cobbledick says they were not surprised to see the little characters pop up online. "As a parent, I know first-hand that children are begging to go to the shops just to complete.... Read more »

Posted on : Tuesday , 8th September 2015

World Bank approves $80 million for job growth in Tanzania

The Board said it reached the decision after noting that over the past decade, private sector investment has been concentrated in a few fast growing sectors, such as the extractives, finance, communication, and transport while labor-intensive sectors such as agriculture and manufacturing expanded below the average rate of the economy (about seven percent in 2014/15). As a result, job creation did not accelerate to keep pace with the growth.... Read more »

Posted on : Monday , 7th September 2015

Four more years of high power bills as Kenya keeps costly thermal plants

Kenyans will continue to shoulder the burden of expensive thermal generators for at least four more years, despite recent strides in unlocking cheaper sources of energy. Data from the Energy Regulatory Commission (ERC), which is the energy sector regulator, shows that the earliest the first of the nine thermal power plants could be knocked off from the national grid is 2019. This is in case it is not renegotiated as has been the.... Read more »

Posted on : Monday , 7th September 2015

A leading agriculture firm marching to Africa market.

Maize, as source of the staple food for Kenyan people, is mostly ground for sifted and unsifted maize meal or other products like maize grits and by products bran and germ. Professional and experienced in this field, Beyase offers consumer full solutions to start a real complete milling plant that is easy to operate with accessible life-long service. No matter how small or big kgs you need to pack into, say 1kg, 2kgs or big 90kgs,.... Read more »

Posted on : Monday , 7th September 2015

Kenya to push for better trade terms at upcoming World Trade Organisation forum

Foreign Affairs Cabinet Secretary Amina Mohamed has said the upcoming global conference to be held in Nairobi could have huge gains for the agricultural sector. Among the issues that her ministry will be pushing in the 10th World Trade Organisation ministerial conference are slashing barriers to cross-border business, which past meetings have failed to resolve. “Our,” Ms Mohamed said last week. Kenyan exports.... Read more »

Posted on : Monday , 7th September 2015

Uganda: Real estate market showing signs of recovery

Uganda’s property market has continued to show signs of recovery in the retail and office sectors, amid concerns over high interest rates and volatility of the shilling. Retail performance, according to crane management services, remained vibrant during the first half of the year, with most shopping places registering more than 90% occupancy. “Food, fashion and entertainment have been the biggest tools in.... Read more »

Posted on : Monday , 7th September 2015

REC and O Capital to drive solar energy projects in Africa

Egyptian solar energy solutions provider REC and Orascom Telecom Media and Technology Holding subsidiary O Capital have announced a new venture to provide turnkey solar solutions in Egypt, Middle East and Africa solarpanel MinkS pixabayThe MENA region offers great potential in solar energy development, which REC and O Capital are keen to tap into The agreement entails REC providing its engineering services in solar solutions, while O.... Read more »

Posted on : Monday , 7th September 2015

Toyota Tsusho sponsored construction of fertilizer plant in Kenya to start

A US$ 1.2bn fertilizer plant in Kenya is set to be constructed in a move that will see the cost of the farm input reduce significantly. The fertilizer plant in Kenya which received funding from the Kenyan Government and Toyota Tsusho East Africa through a Public-Private Partnership (PPP) is expected to ease the manufacturing, distribution and supply of fertilizer. “We expect the cost of production of fertilizer to.... Read more »

Posted on : Monday , 7th September 2015

The East Africa Community, The World Bank and Partners Discuss Integrated Solutions to the Development of Key Trading Corridors

The East African Community (EAC) and the World Bank today hosted a convention to assess the challenges and opportunities in improving connectivity along key trading corridors to facilitate regional integration in East Africa. The Integrated Corridor Development convention, held at the UNESCO headquarters, brought together representatives from major bilateral and multi-lateral donor organizations, to discuss solutions to facilitate the.... Read more »

Posted on : Monday , 7th September 2015

SA'S 'Big Five': Bold Priorities for Inclusive Growth

Focusing on South Africa's 'Big Five' growth opportunities could deliver significant GDP growth, create jobs and confound a rising sense of pessimism about the nation's future prospects. A new report released today by the McKinsey Global Institute and the global management consultancy's Johannesburg office, sets out a series of tangible measures - deliverable in the short to medium term - which could provide the means to reignite South Africa's.... Read more »

Posted on : Monday , 7th September 2015

ArcelorMittal to discuss closure of melt shop in Vereeniging

ArcelorMittal SA said on Monday it had "no option but to commence consultations" with stakeholders regarding the closure of its melt shop and forge at its Vereeniging specialised steel works. It also said it would review its unprofitable main Vanderbijlpark works and associated group corporate services, with a view to optimising structures and costs. This would be concluded by the end of October after consultations with all employees.... Read more »

Posted on : Monday , 7th September 2015

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