Market News Page No. 509| Africa Business News | Afrotrade

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East Africa: The leap towards Industrialization

Kenya Commercial Bank is still the biggest bank in the region, with Tier 1 capital of $567m, up from $479m last year, followed by another six Kenyan banks. The country has one of the most developed banking sectors in Africa but it is also one of the most competitive, with a very developed mobile banking sector as well as traditional, banks with a physical presence. Diamond Trust chairman Abdul Samji said: “The biggest challenge now.... Read more »

Posted on : Monday , 19th January 2015

Growth in Industrial Investment

MSCSA is a leading supplier of value-added steel products and arguably one of the country’s largest privately owned businesses, which has been in operation since 1904 and supplies the full range of carbon steel, special steel, stainless steel, aluminium products and value-added steel processes to more than 10 000 customers in various industry sectors across sub-Saharan Africa. The proposed transaction comes more than a year.... Read more »

Posted on : Monday , 19th January 2015

Tanzania: Shilling Ends Year Slightly Stronger

THE shilling traded with a slightly heavier bias in the last days of 2014 to close at a stronger position, despite losing ground by over 8.0 per cent in full year. National Microfinance Bank (NMB) says in its e-Market report that the shilling close on the strong foot against US dollar, the major trading currency, buoyed by end-month local money demand. "The local currency closed the 2014 yearly trading session on a stronger footing.... Read more »

Posted on : Monday , 19th January 2015

Kenya: Prints and Textiles in African Fashion

I'm obsessed with all kinds of prints, florals and botanicals, geometrics, art-deco and plaids; those inspired by ethnic tradition as well as the artisanal African weaves that are slowly becoming less popular.As an avid champion of African fashion, I am very interested in the assumptions and subsequent choices people make with regard to fashion. Often, consumer choice on African fashion is limited to wax textiles produced in the.... Read more »

Posted on : Monday , 19th January 2015

Kenya: Now Car Importers Join KEBS Motor Tender Row

IMPORTERS of used motor vehicles yesterday accused the Kenya Bureau of Standards of "selectively" extending the contract for two pre-shipment inspection companies, leaving out a major player in the sector.The Car Importers Association of Kenya said the decision to extend the contract for Quality Inspection Services Inc, Japan and Auto Terminal Japan, leaving out Japan Export Vehicle Inspection Centre Company Ltd is.... Read more »

Posted on : Monday , 19th January 2015

Tanzania: Hai District Launches Road Maintenance Second Phase

Hai — HAI District has launched the second phase of road maintenance, this time around targeting Hai small town area that was elevated to the status recently.Hai District Commissioner (DC), Mr Novatus Makunga said that the ongoing work involves major renovation of the roads to tarmac level on a piece that links Moshi - Arusha Road with the District Hospital. Other areas include Gezaulole, Kingerera, Dorcas and Bomani, making.... Read more »

Posted on : Monday , 19th January 2015

Kenya: Cement Production Rises As Construction Thrives

Production of cement, a key construction material, surged past half a million tonnes last July as 11-month tally surpassed full-year figures for the previous two years, latest data show.A total of 500,428 tonnes were manufactured in the month, pushing total production by end of November to 5.21 million tonnes. This is far higher than the 5.06 million tonnes churned out in the whole of 2013 and 4.64 million in 2012. The 11-month.... Read more »

Posted on : Monday , 19th January 2015

Kenya: Murang'a Project to Give Nairobi 140 Million Litres of Water

Nairobi — The construction of the World Bank-funded community water supply on the northern water collector tunnel is set to begin in February and will take about 40 months to be completed.Athi Water Service Board Chief Executive Officer Malaquen Milgo says the Northern collector tunnel is being built to increase water supply to Nairobi having capacity to deliver to Nairobi 140 million litres of water per day. The Sh6.8.... Read more »

Posted on : Monday , 19th January 2015

Tanzania: Bunge Committee Hails Nkasi Irrigation Project

Namanyere — MEMBERS of the Parliamentary Local Authorities' Accounts Committee (LAAC) hailed Nkasi District Council for constructing Lwafi/Katongolo irrigation scheme which will benefit about 40,000 farmers from Kirando and Kipili ward in the area.The project will cost over 9.5bn/- upon completion. LAAC's Chairperson, Ms Felister Bura, said members of the committee were satisfied with the irrigation project and called on.... Read more »

Posted on : Monday , 19th January 2015

Tanzania: Beer Firm Supports Barley Farmers with Quality Seeds

IN its bid to support the agricultural sector, Serengeti Breweries Limited (SBL) has distributed barley seeds to farmers in Manyara and Kilimanjaro regions.The seeds have been distributed under the company's Local Raw Material Initiative where 4,000 tonnes of barley seeds would be distributed to barley farmers this year. SBL Agribusiness Manager, Mr Shafii Mndeme, said in Manyara recently that the initiative continues to expand and that.... Read more »

Posted on : Monday , 19th January 2015

Kenya Set to Brand Coffee Produce

Agriculture cabinet secretary Felix Koskei said that direct coffee sales will be introduced as a measure to liberalise the marketing system of the product. Other measures including the restructuring of key coffee institutions including the Coffee Research Foundation and Coffee Board of Kenya to improve efficiency in the coffee sector. "The Coffee Credit Support Fund has to date disbursed over Sh1 billion to coffee growers.... Read more »

Posted on : Monday , 19th January 2015

Kenya Restructures Coffee Industry

cNairobi — KENYA has spent more than Sh1 billion towards coffee growers in order to increase production of a quality product, a senior government official said. Speaking at a pre-launch for branding of Kenya Coffee, Agriculture Cabinet Secretary Felix Koskei, said the government would embark on restructuring exercise targeting major coffee institutions in order to improve the coffee quality as well as efficiency. He.... Read more »

Posted on : Monday , 19th January 2015

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