Market News Page No. 574| Africa Business News

Tanzania: Natural Gas Comes Ashore

Natural gas discovered off the coast of Tanzania is now reaching the consumer as the first homes in Dar es Salaam are connected up. The hope is that energy will now become cheaper. Tanzania's Petroleum Development Corporation (TPDC) has begun implementing an ambitious gas project. The aim is to supply hundreds of residents in the commercial capital of Dar es Salaam with natural gas to their homes for domestic use. The pilot project, which was.... Read more »

Posted on : Wednesday , 20th August 2014

Tanzania: Green Rock Energy Advances Graphite Due Diligence

GREEN Rock Energy's first phase of on-site exploration due diligence at Mahenge North Graphite Project in Tanzania is due to be finalised this week. A total of 570 metres of trenching was completed, consisting of 400 metres of new trenches across Epanko North lodes and 170 metres of cleaning and reviewing historic trenches on these lodes. Mapping and trenching indicates that graphite mineralisation within.... Read more »

Posted on : Wednesday , 20th August 2014

TN Harlequin Luxaire (Lifestyle Holdings Limited) to explore East Africa through The Big3 Africa 2015.

TN Harlequin Luxaire (Lifestyle Holdings Limited) to explore East Africa through The Big3 Africa 2015. The Big 3 Africa is the ultimate exhibition which will house the three most exciting sectors in the east African region namely Building Hardware, Material, Bathroom & Kitchen from 7th to 9th May 2015 at KICC, Nairobi – Kenya. TN Harlequin Luxaire is the largest household furniture manufacturer and retailer in Zimbabwe..... Read more »

Posted on : Wednesday , 8th October 2014

Investors have growing role in developing East Africa's Energy Infrastructure

Development finance institutions (DFIs) remain the big beasts in developing infrastructure and other major projects in much of Africa. The ‘blending’ of public and private finance has become a preoccupation for traditional donors looking to leverage their grants and loans to produce bigger funding flows to kick-start the continent’s infrastructure revolution, to catch up with sub-Saharan Africa (SSA)’s macroeconomic.... Read more »

Posted on : Wednesday , 20th August 2014

Syngenta establishes Africa s first seed care facility

South Africa has become home to Africa’s first Seed Care Institute as agribusiness Syngenta on Tuesday opened its eleventh research and development (R&D) facility The Africa Middle East (AME) Seed Care Institute, established at the company’s formulation, fill and packing plant, in the North West, aimed to stimulate the developing and testing of seed treatment and protection technologies to address the challenges of.... Read more »

Posted on : Wednesday , 20th August 2014

Kenya: New Innovation of Milling Maize With the Cobs

The culture of threshing maize grains and throwing away the cob might soon come to an end following an innovation to process edible flour from maize cobs. Many communities either throw away the cob or use it as animal feeds or fuel but this could change if this innovation is embraced. Simon Mwaura, a biochemist and Hyaquip Kenya chief executive officer, has come up with a new way of milling the maize together with the cob to.... Read more »

Posted on : Wednesday , 20th August 2014

Investments in fledgling seed companies could drive East African food output

Locally-owned African seed companies participating in a programme to offer high-yield crop varieties to smallholder farmers across the continent have collectively become the largest seed producers in South & East Africa. “The rapid growth of local seed companies over a very short time period is a testament to the entrepreneurial spirit percolating in communities across Africa and to the pent-up demand among.... Read more »

Posted on : Wednesday , 20th August 2014

Tanzania : Agro Investment Opportunities

Tanzania’s economy depends signi ficantly on the growth of its agricultural sector that accounts for half of the national income and three quarters of the merchandise exports in the country. Approximately 80% of Tanzanians are employed in the agriculture sector. In line with the Government’s Kilimo Kwanza (Agriculture First) Policy, MeTL is a major player in the country’s commercial agricultural sector, contributing.... Read more »

Posted on : Wednesday , 20th August 2014

Kwale Sugar products to hit shelves

KWALE COUNTY: Kenya’s newest and modern sugarcane milling plant, Kwale International Sugar Company ( Kiscol) based in Kwale County is due for commissioning on October 1. The sugar miller’s management told Weekend Business that the plant currently nearing completion will have an installed capacity to crush 3,500 tonnes of cane per day (TCD). This will eventually be increased to 5,000 TCD. The Sh17.4 billion Kiscol sugar processing.... Read more »

Posted on : Wednesday , 20th August 2014

Sidel international eyes Kenya's packaging industry

Kenya’s beverage packaging industry has a new player: Sidel international, which is seeking local partnerships as it plans to launch its products in the country. The firm’s zone vice president for the Greater Middle East and Africa, Mr Clive Smith, says the planned move is in line with Sidel’s activities in the past few years where it has installed its machinery in various companies. The move is a clear.... Read more »

Posted on : Wednesday , 20th August 2014

Over 400,000 linked to power grid

A total of 443,254 new customers were connected to the national electricity grid in the 2013/2014 financial year, the Energy ministry has told a parliamentary committee. At the same time, the Rural Electrification Authority plans to have 6,065 primary schools supplied with electricity by the end of this financial year. REA acting managing director Ng’ang’a Munyu told the committee that the plan was to have 5,000.... Read more »

Posted on : Wednesday , 20th August 2014

2D seismic in Ethiopia s Rift basin Area set for Q4

Africa Oil is set to commence with a 2D seismic program in the Rift Basin Area, located north of the South Omo block in Ethiopia, next quarter. This is part of the planned work program by the block operator Africa Oil which is expected to range between 400 and 1200 kilometer for the initial exploration period which expires in February 2016. “In Ethiopia, the Company, as operator, and its partner are making.... Read more »

Posted on : Wednesday , 20th August 2014