Market News Page No. 468| Africa Business News | Afrotrade

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Nuclear power plants in Kenya to be constructed

Plans to construct nuclear power plants in Kenya are expected to see the country shift from geothermal and hydropower to nuclear power so as to ensure future security and growth; this is according to the Ministry of Energy. Energy Principal Secretary Joseph Njoroge confirmed the reports and said that the government will set up a series of nuclear power plants in Kenya, each with a capacity to generate 1,000 MW from 2023 to meet.... Read more »

Posted on : Friday , 28th August 2015

Constructed Gilgel Gibe III dam to generate more power for Africa

The construction of the Gilgel Gibe III hydro-electric dam in Ethiopia which is almost fully operational will bring an additional 1870MW to the national grid. The US$ 1.8bn Gilgel Gibe III construction project which is the largest hydro-power plant in Ethiopia and one the biggest in Africa will be an asset to the country as it will have the capability of storing up to 11.8 billion cubic metres of water that can be released.... Read more »

Posted on : Thursday , 27th August 2015

Germany funds Infrastucture construction in Tanzania

The Federal Republic of Germany is planning to help Tanzania to construct the Southern Serengeti bypass Road. President Jakaya Kikwete renewed his support for Serengeti bybass road through the northern portion of the park to link Mto wa Mbu, southeast of Ngorongoro Crater, and Musoma on Lake Victoria In July 2010. The African Network for Animal Welfare had sued the Tanzanian government in December 2010 at the East African.... Read more »

Posted on : Thursday , 27th August 2015

Construction of buildings to be completed within five years

Property developers and individuals building homes will have to complete construction within five years or face penalties under a new law proposed by the government. The Physical Planning Bill, 2015 say the five-year period will start once an investor is issued with a development permit. This will be a blow to those who prefer to build in stages and will also affect those who suspend construction after running out of.... Read more »

Posted on : Thursday , 27th August 2015

Kuwait invest in the infrastucture development in Tanzania

Tanzanian president Jakaya Kikwete has opened a ‘key road in Tanzania whose construction was sponsored by Kuwait government’s Fund for Arab Economic Development. During the opening ceremony of marking the main road in Tanzania Mr. Jakaya Mrisho Kikwete expressed his gratitude to Kuwait for road infrastructure support. Kikwete took a lot of time to give thanks to Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah his.... Read more »

Posted on : Wednesday , 26th August 2015

KTDA boosts construction of hydro power plants in Kenya

Kenya Tea Development Agency (KTDA) has announced that it was constructing four hydro power plants in Kenya at a total cost of US$ 46m. Kenya Tea Development Agency chief executive officer, Mr. Lerionka Tiampati confirmed the news about plans to hydro power plants in Kenya and said that the company is keen on ensuring that its factories in tea growing regions have access to alternative energy to help cut operation.... Read more »

Posted on : Wednesday , 26th August 2015

SA's Ascendis acquires Farmalider stake

Ascendis Health today announced its first international acquisition with the purchase of a 49% stake in Spanish pharmaceutical group, Farmalider SA, for R210 million, with a right to acquire the remainder of the business in two further tranches over the next five years. Madrid-based Farmalider develops and manufactures mainly generic pharmaceutical products, with a market leading position in the ibuprofen and paracetamol markets in.... Read more »

Posted on : Wednesday , 26th August 2015

Fidson to commission $38 million drug plant in Nigeria

Fidson Healthcare plc will commission a N7.5 billion (US$38 million) drug-making plant this year to offer more options in the Nigerian pharmaceutical industry and grow its portfolio. The new facility will double the company’s production capacity and will, for the first time, add intravenous fluids to Fidson’s product portfolio. The facility is expected to conform to the World Health Organisation (Geneva)’s current Good.... Read more »

Posted on : Wednesday , 26th August 2015

Mortimer Harvey Africa Middle East signs consultancy services agreement with Egyptian pharmaceutical company Rameda

Mortimer Harvey Africa Middle East has signed a two-and-a-half-year consultancy services agreement with Rameda, a state-of-the-art pharmaceutical company in Egypt. Thibaud Weick, CEO of Mortimer Harvey Africa Middle East, says the company's scope of work includes consulting, in addition to advertising and digital marketing. "We have been tasked to assist with the export to Nigeria of pharmaceuticals that are produced in Egypt. For this.... Read more »

Posted on : Wednesday , 26th August 2015

Sappi and Boregaard expands capacity at lignin joint venture

Borregaard and Sappi will increase the lignin production capacity by 20,000 tonnes at LignoTech South Africa. The added volume will be marketed to the joint venture company's existing applications and geographical markets. The investment by LignoTech is estimated at R105m (approx. US$ 8.5 million), and the project is expected to be completed in 2017. Commenting on the decision, Per Arthur Sørlie, President and CEO of Borregaard, said,.... Read more »

Posted on : Wednesday , 26th August 2015

HST lands ground-breaking Tanzanian contract

Health Systems Technologies (Pty) Ltd (HST), a subsidiary of African Equity Empowerment Investments Limited (AEEI), has secured a contract with the Tanzanian Ministry of Health to implement Laboratory Information Management Systems (LIMS). HST, a leading provider of integrated healthcare solutions in South Africa, will roll out its LIMS services to multiple laboratories in Tanzania with a view to rolling out further opportunities throughout.... Read more »

Posted on : Wednesday , 26th August 2015

Tanzania: KPC Inefficiency in Eldoret Pushes Rwandan Fuel Transporters to Dar

Loading challenges and congestion at the Kenya Pipeline Company's (KPC) depot in Eldoret are the key reasons why Rwanda's fuel transporters prefer to incur higher costs by using the Dar es Salaam port, fuel dealers say. The Kigali-Dar route is nearly 1,460 kilometres, compared to the relatively shorter Kigali-Eldoret route of about 860 kilometres. "A fuel truck to Dar will spend a week on average while it spends more.... Read more »

Posted on : Wednesday , 26th August 2015

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