Market News Page No. 559| Africa Business News | Afrotrade

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Air Seychelles Launches New African Route

Air Seychelles, the national airline of the Republic of Seychelles has launched direct flights to Antananarivo, Madagascar, to add to South Africa, Tanzania and Mauritius, where it currently operate flights to. “We are thrilled to add Antananarivo to our global network, further cementing our position as the airline of choice in the Indian Ocean region,” said Manoj Papa, Air Seychelles’ Chief Executive Officer. The.... Read more »

Posted on : Wednesday , 1st October 2014

Ethiopia's First Trams Unveiled in China

The first of 41 trams being built for the two-line network under construction in Addis Abeba was unveiled at CNR Changchun’s plant in China on August 26. The trams were ordered in March 2014 and are scheduled to be delivered by January, being shipped via Tianjin and Djibouti with a journey time of about 50 days. CNR said the arrival of the first Chinese-built trams in Africa would act as demonstrator for Chinese technology, opening the.... Read more »

Posted on : Wednesday , 1st October 2014

Angolan Airlines Partners Lufthansa To Boost Country-to-country Flights

State owned TAAG Angola Airlines has partnered Lufthansa in a bid to increase flights between Germany’s Frankfurt and Angola’s Luanda. “Lufthansa would add one more flight a week with an Airbus A340-300, which represents a 50 percent increase in capacity on flights between the two cities(Frankfurt and Luanda) ,”said chairman of Lufthansa Karl Ulrich Garnadt. “We want to strengthen this partnership so we can offer.... Read more »

Posted on : Wednesday , 1st October 2014

RBPlat to invest in $250.9m housing project - Phase II for its workers

South Africa’s mining company, Royal Bafokeng Platinum will, in the next five years, invest over US$250m to complete Phase two of the employee housing development scheme for its workers. The company will, during the Phase two of the project, construct 3100 housing units. The project’s approval was announced last week. The project will be undertaken in the next five years. Royal Bafokeng Platinum will build the housing units in.... Read more »

Posted on : Wednesday , 1st October 2014

Two new hospitals to be built in Mozambique at US$ 30m

Two new hospitals are set to be constructed in Sofala Province, Mozambique at a cost of US$ 30m. This follows a Memorandum of Understanding signed between the Dutch, French and Mozambican governments. One of the hospitals will be built in Beira, which is the nation’s capital. It will be a general hospital with a 240 bed capacity. It will be funded by a US$ 15.2m soft loan by the French Development Agency (AFD). This hospital will.... Read more »

Posted on : Tuesday , 30th September 2014

US$ 5.9m upgrade of Kamembe airport in Rwanda to start November

Refurbishment and renovation of Kamembe Airport in Western Province of Rwanda, is set to start off this November. The renovations are set to help decongest the facility and accommodate big aircrafts, according to The Rwanda Civil Aviation Authority (RCAA) communications manager, Tony Barigye. Refurbishment works at the airport will include extension of the current airport runway from 1.5 km to 2.2 km. The runway will also be resurfaced, while.... Read more »

Posted on : Tuesday , 30th September 2014

RIA airport in Liberia to be renovated into a state-of-the-art airport

Liberia Airport Authority (LAA) has, from last week, invited eligible international firms to express their interest in the expansion and renovation of the current Roberts International Airport (RIA), into a state-of-the-art airport facility. This will help handle the number of passengers at the airport, expected to grow to at least 450, 000 in coming years, as projected by LAA. Renovations into a state-of-the-art airport facility will offer.... Read more »

Posted on : Tuesday , 30th September 2014

Housing units worth USD 550m for Tanzania's defense forces to be constructed

Tanzania government has signed a US$ 550m concessional loan agreement with the Chinese Government for construction of 12,000 new housing units for the country’s military. The houses are going to be constructed at various towns and cities in Tanzania. Construction works for the housing project are going to be carried out in two phases, where 6,600 units will be constructed during the initial phase. These units are to be built by 2016 at a.... Read more »

Posted on : Tuesday , 30th September 2014

AfDB loans Burundi US$29.49m for road improvement and asphalting project

The African Development Bank (AfDB) has approved a grant of US$29.49 m to Burundi to carry on with the Phase 1 of the Nyakararo-Mwaro-Gitega Road Improvement and Asphalting Project. This report was issued on Friday last week. Infrastructure improvement works pertains to a 30-kilometre-long Nyakararo-Mwaro-Kibumbu road, an undertaking that will see the country benefit from regional trade. The new Nyakararo-Mwaro-Gitega Road Improvement and.... Read more »

Posted on : Tuesday , 30th September 2014

Angola s liquefied natural gas plant to be reconstructed

Angola’s liquefied natural gas plant faces a long closure for reconstruction to fix design flaws and corrosion in the new plant. This renovation will result to an addition USD I.07bn to the cost of the whole project. Some of the investors in the 300km project at the natural gas plant situated in at the Atlantic Coast North of Luanda include Chevron, who is the biggest shareholder; Angolan State Energy Firm, Sonangol; Total;.... Read more »

Posted on : Tuesday , 30th September 2014

Pace of Oil & Gas Exploration in Sub-Saharan Africa Ignites the Market for Automation and Control Solutions

Capital spending on automation and control systems (ACS) within the sub-Saharan oil and gas industry is set to increase exponentially. The rising focus on process optimisation, discovery of new reserves, and expansion of the regional infrastructure is anticipated to generate fresh opportunities for equipment suppliers. New analysis from Frost & Sullivan, Automation and Control Solutions in Sub-Saharan Africa's Oil and Gas.... Read more »

Posted on : Tuesday , 30th September 2014

Tanzania eyes industrialised economy to increase development

The model of the economy envisioned by the National Development Vision will be led by modernised and highly productive agricultural activities which are effectively integrated and supported by industrial and service activities in the rural and urban areas. The Vision 2025 aims at achieving a high quality livelihood for Tanzanians people, attain good governance through the rule of law and develop a strong and competitive.... Read more »

Posted on : Monday , 29th September 2014

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