Market News Page No. 548| Africa Business News | Afrotrade

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Tanzania to increase cement production

Tanzania expects to double its cement production in the next few years as new factories come on-stream to satisfy growing demand from the construction sector, a senior government official said on Tuesday. Cement consumption is viewed as a barometer for construction activity, which is one of the main drivers of economic growth in the country. Annual cement production in east Africa's second-largest economy will rise to 6 million.... Read more »

Posted on : Thursday , 4th December 2014

$20m pharmaceuticals warehouse built in Kenya

Logistics company Imperial Logistics’ Africa-focused healthcare supply chain management provider last month started the construction of a $20- million pharmaceuticals storage and distribution facility in Nairobi, Kenya. Imperial Health Sciences MD Dr Iain Barton states that the project started on September 15 and is scheduled for completion in October and to be commissioned in November 2015. He says the state-of-the-art facility.... Read more »

Posted on : Thursday , 4th December 2014

Intravenous fluids plant opened in Sudan

A $25 million intravenous fluids plant was officially opened this month in Sudan by Vice President Hassabo Mohamed Abdul-Rahman. The plant, which has been ready for production for the past seven years, had faced operational delays owing to differences with the Malaysian partner and has capacity to produce 8 million units of intravenous fluids and 700,000 units of solutions for kidney dialysis. Sudan Vision Daily reported.... Read more »

Posted on : Thursday , 4th December 2014

Pharco to develop Presidio's NS5A inhibitor PPI-668 for HCV in Kenya

Pharco Pharmaceuticals has entered into an exclusive license agreement to develop and commercialize Presidio’s clinical stage hepatitis C virus (HCV) NS5A inhibitor PPI-668 in Kenya. With the exclusive license, Pharco will now be able to expand its licensed territory to one or more additional countries in the Middle East and East Africa region. Pharco Pharmaceuticals vice chairman and chief executive officer Dr Sherine.... Read more »

Posted on : Thursday , 4th December 2014

AFRICA POISED TO BECOME A GLOBAL INNOVATION HUB

The founder of global telecommunications Econet Wireless group Strive Masiyiwa said Africa was set to become a global innovation hub. Masiyiwa made the remarks in an exclusive interview with CNBC Africa.com. “Africa will become the global innovation hub in the next 25 years partly because in about 25 to 50 years’ time half of the world’s population will be Africans with most expected to be young ,” he said. Over.... Read more »

Posted on : Thursday , 4th December 2014

AMERICAN COMPANIES MOVE INTO KENYA'S INVESTMENT SPACE

Over 90 American companies are exploring business opportunities in the East African country despite the recent spate in terror attacks where over 60 Kenyans have been killed in what has largely been blamed on security lapses in a span of 10 days in the Northern part of the county. Led by a US organisation, the Corporate Council on Africa (CCA) devoted to US-Africa business relations which represent nearly 85 per cent of total US private.... Read more »

Posted on : Thursday , 4th December 2014

Investment builds on �vast market opportunities in East Africa

will be made through Resolution Insurance’s (Resolution) holding company, Resolution Health East Africa, which has operations in Kenya and Tanzania and a partnership with IAA-Resolution in Uganda. LeapFrog partner Dominic Liber said: “East Africa is home to a 150 million strong population with insurance penetration rates below 4%, creating a vast opportunity to deliver financial inclusion at scale.” LeapFrog said the.... Read more »

Posted on : Thursday , 4th December 2014

Tanzania's LNG Plant Could Take Seven Years to be Ready

Tanzania’s proposed LNG project could take about seven years to complete, an official from Statoil was quoted as saying last week. According to Statoil’s Tanzania operations manager if all goes as planned, the plant will commence operations between 2022 or 2023, reported Tanzania Daily News on Saturday. "We estimate the project will take seven years upon its completion. We have to make soil studies to.... Read more »

Posted on : Thursday , 4th December 2014

Explore the vast emerging industrial investment opportunities of East Africa

The 17th edition of INDUSMACH 2015 is taking place from 7th-9th May 2015 at KICC,Nairobi Kenya and 23rd-25th May 2015 at MCC, Dar-Es-Salaam, Tanzania. Exhibitors from over 20 countries participating at Kenya's Biggest International Trade Exhibition. Africa’s largest Industrial International Trade fair INDUSMACH plays a significant role as a key trading event and as a source of inspiration for future technology trends. The show.... Read more »

Posted on : Wednesday , 3rd December 2014

Exporters targeting the hub of East Africa at Prime building events

AFRICA’S MOST DYNAMIC BUILDING & CONSTRUCTION EXHIBITIONS The 18th Edition of BUILDEXPO is all set to bring to you the latest products, equipment and machinery to the East African market. BUILDEXPO is Africa’s premier and most trusted Building & Construction trade show. The 18th BUILDEXPO AFRICA 2015 will provide a platform for highly evolved global manufacturers & exporters from all over the world to enter into the .... Read more »

Posted on : Wednesday , 3rd December 2014

China Firm Shows Interest in Tanzania Industry

THE Aviation Industry Corporation of China (AVIC) has expressed its intention to cooperation with Air Tanzania Company Limited (ATCL) and restore the firm's lost glory. In May, this year, China's Prime Minister Li Keqiang, when delivering a speech at the African Union headquarter, said his government was keen to implement China-Africa regional aviation cooperation programme. He said the Beijing government would support Chinese.... Read more »

Posted on : Wednesday , 3rd December 2014

Feasibility study for Kenya-Uganda oil pipeline to take 5 months

The Principal Secretary to the Energy and Petroleum Ministry Joseph Njoroge has said that feasibility study for the Kenya – Uganda oil pipeline will be expected by mid-April next year. The contract will be undertaken by Toyota Tsusho, a Japanese carmaker, which won the tender last month. The pipeline will run from Lamu-Kenya to Hoima-Uganda, passing through the Lokichar basin. The company is also expected to come up with the.... Read more »

Posted on : Wednesday , 3rd December 2014

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