Market News Page No. 588| Africa Business News | Afrotrade

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Akuakare to Participate at the FOODEXPO Africa 2014

Akuakare Aquaculture Equipment Ltd, Turkeys leading company in Aquaculture Fisheries & Poultry Equipments is to participate in the FOODEXPO AFRICA 2014, Africas largest international Food, Hospitality & Agriculture trade exhibition is gearing up to feature the latest products, equipment and machinery. It will be held from the 3rd to 5th of October 2014 at the KICC Nairobi, Kenya. Akuakare Aquaculture Equipment Ltd, are.... Read more »

Posted on : Thursday , 7th August 2014

Tata Power explores Renewable Energy Opportunities in Africa

Tata Power is looking for expansion opportunities in East Africa. The private power utility has an installed generation capacity of more than 8,580 MW, with around 1,170 MW coming from clean energy sources. Tata Power, Chief — Business Development, India Business & Renewables, Rahul Shah told PTI that the company was looking for opportunities in the renewable energy space, within Africa. Opportunities are being eyed in.... Read more »

Posted on : Thursday , 7th August 2014

Energy Infrastructure Development in East Africa

Power infrastructure in the East African countries of Uganda, Kenya, Tanzania and Rwanda is inherently connected to their economic growth. As urbanisation and industrialisation fuel the need for electricity in cities, the demand for electricity in East Africa is expected to grow at approximately 5.3 percent per year until 2020. To meet these requirements, generation capacity would have to increase by 37.7 percent in Uganda, 96.4 percent in.... Read more »

Posted on : Wednesday , 6th August 2014

East Africa holds major oil and gas opportunities

East Africa would be the next major oil and gas play on the continent, professional services firm PwC Africa Oil & Gas Advisory senior manager Derek Boulware said Speaking at the launch of the firm’s 2014 Africa oil and gas review titled ‘On the brink of a boom’, he noted that, while about 15 000 wells had been drilled in West Africa to date, only about 500 had been drilled in East Africa. “There is a.... Read more »

Posted on : Wednesday , 6th August 2014

Obama Announces $33B in Commitments for Africa

Seeking to strengthen America's financial foothold in Africa, President Barack Obama announced $33 billion in commitments Tuesday aimed at shifting U.S. ties with Africa beyond humanitarian aid and toward more equal economic partnerships. The bulk of the commitments came from private-sector companies, including Coca-Cola and General Electric, underscoring Africa's growing appeal to businesses. The continent is home to six of the.... Read more »

Posted on : Wednesday , 6th August 2014

Huhtamaki Positive Packaging deal will target Africa and UAE

Huhtamaki will acquire Positive Packaging for $336m, with the sale expected to be complete by September. The acquisition of the privately owned flexible packaging company includes all nine manufacturing facilities including India, Africa and the UAE and the business will now become part of Huhtamaki’s Flexible Packaging division. Product development Katariina Hietaranta, head of group communications and investor relations,.... Read more »

Posted on : Wednesday , 6th August 2014

Dangote Makes Africa's Largest Single Investment In Rice Production

VENTURES AFRICA – Africa’s richest man and king capitalist, Alhaji Aliko Dangote has pledged to invest $1 billion (N165 billion) in Nigeria’s commercial rice farming; making it the largest single investment ever made in rice production on the continent. The investment will see the establishment of two modern integrated rice mills. They will both have the capacity to mill 120,000 Metric Tons of rice.... Read more »

Posted on : Wednesday , 6th August 2014

Creation of new jobs and improve competitiveness through development of industrial zones in East Africa

The World Bank’s Board of Executive Directors today approved monetary support to the Government of Kenya effort to create new jobs and increase competitiveness in the light manufacturing sector through the development of industrial zones and enhancing linkages with the local economy. .... Read more »

Posted on : Wednesday , 6th August 2014

Raising the Quality of Medical Education and Health Services in East Africa

While Kenya has made tremendous progress recently by reducing child mortality and getting more children into school, new data published today suggest that raising the quality of public education and health services is essential to build on these gains. Otherwise, far too many children will attend school without learning enough and too many patients leave clinics without the right treatment. Service Delivery Indicators.... Read more »

Posted on : Wednesday , 6th August 2014

Africa's economy growing; U.S. wants to bolster partnerships

They export BMWs and birdseed and plenty in between. Their middle class is growing fast enough to draw the likes of Marriott and Walmart. China, Europe, Japan and the U.S. are vying to build roads and power plants there. No longer is sub-Saharan Africa - long a symbol of war, famine and corruption - an economic basket case. Six of the world’s fastest-growing economies are there. Higher oil prices, richer consumers and sounder.... Read more »

Posted on : Wednesday , 6th August 2014

Coca-Cola To Invest $5 Billion In Africa To Unlock Growth Potential

The Coca-Cola Company (KO), along with its bottling partners, will invest $5 billion in Africa over the next six years. This will bring Coca-Cola’s total investment in the continent to $17 billion –from 2010 to 2020-. The latest announcement was made in the US-Africa Leaders’ Summit. The investment will be used to fund new manufacturing lines, cooling and distribution equipment, and will also be used to improve production.... Read more »

Posted on : Wednesday , 6th August 2014

Africa Oil, Tullow likely to seek partner for Kenya oil fields

Canadian explorer Africa Oil Corp. and its partner Tullow Oil are likely to bring in a third partner to help develop their oil discoveries in northern Kenya, Africa Oil’s chief executive officer said. The firms discovered oil reserves in Block 13 T and Block 10 BB in northern Kenya’s South Lokichar Basin, estimated at a combined 600 million barrels. Experts say those reserves are enough to make a pipeline viable even without.... Read more »

Posted on : Wednesday , 6th August 2014

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