Market News Page No. 490| Africa Business News | Afrotrade

Afrotrade - Foreign Products & Machinery Catalogue for African Buyers

N e w s

WB cooperates with Chinese firm to develop low-cost houses in Africa

NAIROBI - The World Bank's private sector arm, the International Finance Corporation (IFC), on Friday inked a new partnership with Chinese construction and engineering company to develop low-cost houses in three African countries. IFC and CITIC Construction Co., Ltd will set up a joint venture and inject 300 million U.S. dollars to develop 30,000 homes in Kenya, Rwanda and Nigeria in the next five years. "As Sub-Saharan Africa becomes.... Read more »

Posted on : Tuesday , 2nd June 2015

M&M bets big on Africa, opens business unit

Indian automobile manufacturer Mahindra & Mahindra (M&M) has opened a business unit in Africa with a view to capitalizing on the emerging market opportunities in the continent. The company, which has opened its local office in South Africa, will come up with three more similar units in Egypt, Nigeria and Kenya. The new additions will work with local companies and employees. Playing the role of internal distributor for the carmaker,.... Read more »

Posted on : Tuesday , 2nd June 2015

New interest in East Africa s oil and gas investments

Senet Holding, a Hong Kong-based Investment Company is seeking new markets and partners in Uganda in areas where substantial development exists from oil and gas to minerals and consumer goods. Senet Holding founder, Alexandar Romanov and chief executive officer, Frøystein Bakke were in the country recently on a commercial sports enterprise conference but were left “deeply impressed and inspired by what Uganda has to.... Read more »

Posted on : Monday , 1st June 2015

Kenya�s Brookside acquires Ugandan dairy firm in expansion drive

Brookside Dairy Limited has taken over operations of leading Uganda dairy operator Sameer Agriculture and Livestock Limited (SALL), making it the first major acquisition by the Ruiru-based processor outside Kenya’s borders. Brookside Director of Milk Procurement John Gethi told a farmers’ field day in Rushere, western Uganda, that the processor had taken over management of SALL’s contracted farmers and assets, including.... Read more »

Posted on : Monday , 1st June 2015

A new player to enter cement production in Kenya

Cement production in Kenya is soon to see a new entrant. A new cement grinding plant is set to be constructed in Western Kenya on a 50 acre piece of land. It is projected to produce 730,000 tonnes of cement every year and hence enhance the competition in the industry. “The plant will have the capacity to increase cement production in Kenya by 2,000 tonnes of cement per day using raw materials such as clinker, additives,.... Read more »

Posted on : Monday , 1st June 2015

Construction of a super highway linking Liberia and Cote d Ivoire set to kick off

The construction of a super highway linking Liberia and Côte d’Ivoire is set to kick off and the project will be funded by the African Development Bank (AfDB). According to the AfDB outgoing President, Dr Donald Kaberuka the project will start soon since they are currently evaluating on the budget that will be able to complete the project in the recommended time. The president who was speaking during the Bank’s 50th.... Read more »

Posted on : Monday , 1st June 2015

Kenya: Unpredictable business laws cause jitters in the growing mining sector

Local Mining firms are concerned with what they term as rapid-fire methods of Mining Cabinet Secretary Najib Balala, to the point that some are threatening to quit the country. Cortec Mining Kenya Ltd (CMK) management told Africa Mining Intelligence, a specialist publication for the mining industry in Africa, that it was thinking of hauling the Government before the International Centre for the Settlement of Investment Disputes.... Read more »

Posted on : Monday , 1st June 2015

Tanzania: Mchuchuma Coal Mine for Takeoff

THE Minister for Trade and Industry, Dr Abdallah Kigoda, on Tuesday unveiled a catalogue of industrial projects, including a 5trn/- Mchuchuma coal and Liganga iron ore projects set to kick off this year. Moving his ministry's budget estimates, Dr Kigoda stated that the government and partnering investor have already secured 5tri/- for implementation of the projects. "We're now waiting for equipment for the project.... Read more »

Posted on : Thursday , 28th May 2015

WOODSIDE ENERGY OPTS OUT OF TANGANYIKA SOUTH BLOCK, TANZANIA

Tanganyika South Block operator Beach Energy has announced that Joint Venture partner Woodside Energy has decided not to enter into the next period of the exploration program relating to the Lake Tanganyika South Production Sharing Agreement in Tanzania. According to Managing Director Rob Cole Beach Energy has however preserved its right to proceed into the next exploration period under the LTS PSA and has notified the Tanzanian.... Read more »

Posted on : Thursday , 28th May 2015

Swala Energy signals possible Farm-Out deal in East Africa in coming days

Australian company exploring the East African Rift System in Kenya, Tanzania and Zambia has said it is awaiting the receipt of signed farm-out documents having finalized the final steps in the agreement. According to the Company’s Non-Executive Chairman Mr. Ken Russell it is however still not possible to name the new partners due to confidentiality agreements until the receipt of those signed.... Read more »

Posted on : Thursday , 28th May 2015

Wentworth Proved Probable Reserves Reach USD 152.9 Million In Tanzania And Revenues Are Up By 15%

According to Wentworth Q1 2015 results the company’s share of Proved + Probable (2P) reserves at the Company’s gas fields in Tanzania were valued at USD 152.9 million after tax at December 31, 2014. The company’s revenue for the quarter reached USD 0.27 million, up 15% from Q1 2014. The company press release indicates that new transnational gas pipeline and processing facilities are nearly complete with.... Read more »

Posted on : Thursday , 28th May 2015

Regional body tips Tanzania as next EA economic powerhouse

Tanzania has high potential to become the economic powerhouse in the East African region given her natural wealth and strategic geographical positioning, but there are challenges to overcome before it can realise its potential. This is the observation of the TradeMark East Africa, Chief Executive Officer, Frank Matsaert whose organisation is assisting East African Community (EAC) member states, Tanzania, Kenya, Uganda, Rwanda and.... Read more »

Posted on : Wednesday , 27th May 2015

« previous 1 2...487 488 489490491 492 493...591 592 next »

Featured Companies

Complete List

Advertisers:

Home | About Afrotrade | Advertise With Us | Trade Events | Contact Us | Link to us | Imp Links | Terms | Follow us on :

Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade