Market News Page No. 95| Africa Business News

African Development Bank project tripled producers and traders income

An African Development Bank project to enhance market infrastructure, value addition and rural finance (MIVARF) in Tanzania produced highly satisfactory results, according to a report released by the project team. The project, rolled out in the country between 2012 and 2017 increased the incomes of rural producers and traders threefold. With $56.8 million in funding from the African Development Bank, the programme was undertaken in 32.... Read more »

Posted on : Thursday , 30th July 2020

Tanzania Government implements new strategy to boost cashewnuts production

The government has outlined interventions intended to increase cashew nuts production as statistics indicate falling yields in the last five years. The measures, according to Agriculture minister Japhet Hasunga, include establishing a special fund which would lend agricultural inputs to farmers. The government has scrapped the Cashewnut Industry Development Trust Fund (CIDTF) for what was described as failure to perform since it was.... Read more »

Posted on : Thursday , 30th July 2020

Tanzania targets $3 billion in horticulture exports by 2025

The government plans to repossess eight premium but “white elephant” commercial horticulture estates on the southern slopes of Mount Meru in Arusha Region. Announcing the move in Arusha over the weekend, the deputy minister for Agriculture, Mr Hussein Bashe, said the government will revive the leading farms to bolster horticultural production and realize its annual export value from the current $779 million to $3 billion come.... Read more »

Posted on : Thursday , 30th July 2020

Tanzania boosting vegetable production to enhance food security

In a bid to boost production of vegetables, Tanzania signed an agreement with the World Vegetable Center, an international nonprofit institute for vegetable research and development. The agreement was signed in the commercial capital Dar es Salaam between the permanent secretary in the Ministry of Agriculture, Gerald Kusaya, on behalf of the government, and the World Vegetable Center director for the East African and Southern region,.... Read more »

Posted on : Thursday , 30th July 2020

Kenya's largest dairy producer wants to buy Solar

New Kenya Cooperative Creameries has recently concluded the initial phase of a tender to purchase electricity from a solar facility that will be constructed at its new KCC Sotik Factory. The installation is likely to cover around 40% of the site’s power needs.Kenya’s largest dairy producer will buy power from a project featuring both ground-mounted and rooftop PV arrays. The selected developer will finance, own and operate the plant and will.... Read more »

Posted on : Wednesday , 5th August 2020

Green Gratitude supports COVID health workers in Accra Ghana

Green Gratitude, a local Non-Governmental Organization (NGO) committed to the welfare of frontline workers in the Covid-19 fight, has extended a hand of support to Doctors and Nurses at the Covid-19 treatment centre at the El-Wak Stadium in Accra. The NGO has decided to provide at least one hot meal to the frontline staff at the facility for the next two weeks. The gesture comes on the heels of similar support recently extended to.... Read more »

Posted on : Thursday , 30th July 2020

Phone-based HIV support system repurposed for COVID monitoring in Uganda

A cost-effective phone based system developed by a Cambridge researcher and her Ugandan colleagues to support HIV patients has been rapidly adapted by the team to help the Ugandan Ministry of Health monitor those in quarantine during the coronavirus pandemic.People entering Uganda have been required to quarantine for 14 days as part of the country's lockdown measures, during which time they are monitored by the Ugandan Ministry of Health for.... Read more »

Posted on : Thursday , 30th July 2020

US Donates Ksh 7.9 Million Medical Equipment to Kenya

The United States is donating personal protective and hospital equipment valued at Ksh 7.9 Million to five hospitals in Nairobi, Mombasa, Kisumu, Siaya, and Nakuru in response to the COVID-19 pandemic. Each hospital in Nairobi, Mombasa, Kisumu, Siaya, and Nakuru will receive N95 masks, surgical masks, coveralls, medical goggles, face shields, and pulse oximeters. This equipment, critical to patient care and protection of.... Read more »

Posted on : Thursday , 30th July 2020

COVID patients benefit from enhanced Homecoming initiative

Vodafone Ghana Foundation, the charity arm of Vodafone Ghana, has organised a virtual ceremony to launch its annual Homecoming initiative. The virtual launch formed part of efforts to herald the three-phased Homecoming initiative aimed at bringing relief to many patients who are in financial distress in some medical facilities nationwide. To kick start the first phase in the Northern belt, the Foundation footed the medical bills of 96 patients.... Read more »

Posted on : Thursday , 30th July 2020

East African wood processing market prospects remain dominant

As per the study, Eastern African economies purchase annually USD 1.2 billion in furniture, 22 percent of which is imported. As development is driven by increasing urban populations and purchasing power, growth prospects are favourable, and Kenya, Ethiopia, Tanzania, and Uganda are likely to remain the dominant markets for furniture. Kenya is the main furniture market in eastern Africa. It is also twice as much the biggest manufacturer of.... Read more »

Posted on : Friday , 24th July 2020

Tanzanian Gold Company doubles its mineral wealth from gold

For its Buckreef gold project in Tanzania, Tanzanian Gold Corporation, or Tangold, has provided a revised mineral resource estimate suggesting a doubling of production in the measured and indicated categories. The estimation of the mineral resources also showed the upside potential of its goals for exploration. After the last mineral resource update in June 2018, the Buckreef Shear Zone calculated mineral resources more than doubled in terms of.... Read more »

Posted on : Friday , 24th July 2020

Tanzania Dodoma Stadium Project, largest in Africa soon to break the ground

Dodoma stadium is set to become Africa's largest stadium. Harrison Mwakyembe Minister of Tanzania for Culture, Arts, Sports and Information has disclosed that the country’s proposed Dodoma Stadium project will start the construction procedure soon. The project has been on the track since 2017 after Morocco's King Mohammed VI promised to build the largest stadium in the East African country during his 2016 visit. Mr. Harrison Mwakyembe's.... Read more »

Posted on : Friday , 24th July 2020