Market News Page No. 99| Africa Business News

Over U.S.$1.1 Billion of Investment by Chinese Companies in Ethiopia

With nearly 1,564 projects either in operation or under implementation over the past two decades, Chinese companies are the top players in the investment landscape in Ethiopia, both in terms of the number of projects and in terms of financial resources, an official at the Ethiopian Investment Commission (EIC) said. Speaking exclusively to Xinhua, Mekonen Hailu, Communications Director at the EIC, said Chinese firms invest in various.... Read more »

Posted on : Friday , 30th October 2020

Ethiopia’s Export Revenue Increased By U.S. $115.6 Million

Exports in the first quarter of the fiscal year 2020 compared to in the previous fiscal year, export revenue increased by 115.6 million USD or 16 percent and a total of US $ 838.6 million was earned, according to the Ministry of Trade and Industry (MoTI).The industrial sector earned 95 percent and 94 million USD, while agricultural products earned 73 percent and 541 USD .The mining sector has achieved 300 percent of the plan and 205 million USD.... Read more »

Posted on : Friday , 30th October 2020

Construction of 6 Cancer Treatment Centers Underway - Ministry of Health, Ethiopia

The Ministry of Health in Addis Ababa today announced that six cancer treatment centres are being established in four regions of the country, including Addis Ababa. In her remarks at a media briefing on Breast Cancer Awareness Month, Minister of Health Lia Taddesse said huge efforts need to exert in increasing the level of breast cancer alertness of the community at large. Around 2.1 million cases of breast cancer are registered.... Read more »

Posted on : Friday , 30th October 2020

Swedfund is investing in women's health and self-care in East Africa

Swedfund, the Swedish government development fund, is investing in Kasha Global, whose e-commerce platform provides access to and purchase of contraceptive, menstrual and health care products, both online and offline, for women, primarily in Rwanda and Kenya. The Chief Executive Officer of Swedfund Maria Hakansson said that “In Africa, it is quite common for sexual and reproductive health issues to be taboo and stigmatized. As a.... Read more »

Posted on : Friday , 30th October 2020

Sh500 Million Released by Kenya Off-Grid Solar Access Project to 19 Private Companies

Residents of off-grid areas in Kenya are intended to benefit from the sale of quality solar and clean cooking products following the release of Sh500 million from the Kenya Off-Grid Solar Access Project (KOSAP) to 19 companies to facilitate the sale of their products in these counties.The released funds have provided the companies with the necessary facilitation to move into the counties to set up sales and after-sales infrastructure for.... Read more »

Posted on : Thursday , 29th October 2020

Barrick to invest USD 8 million on mineral exports in Tanzania

BARRICK Gold Company plans to spend USD 8 million in new mining exploration operations in Tanzania by the end of the year, due to favorable investment strategies, laws and regulations. This was unveiled by Barrick President and Chief Executive Officer Mark Bristow during a media conference following his quarterly visit to the mine, where he also praised the strong ties between his company and the government through the Twiga Minerals.... Read more »

Posted on : Thursday , 29th October 2020

HealthyFoodsAfrica updating fish processing and packaging

HealthyFoodsAfrica has engaged stakeholders within the food processing industry to develop and update them on relevant innovative food packaging, processing and preservation. The stakeholders would also brainstorm on how to design improved technology in preservation and smoking in processing of fish to avoid carcinogens in the end product for consumers. Experts from the Council for Scientic and Industrial Research (CSIR), the Fisheries.... Read more »

Posted on : Thursday , 29th October 2020

Rwanda enhancing manufacturing of Fortified Foods

Rwanda has boarded onto a new approach towards fortified foods and to develop its extensive production and consumption as a way to decrease the striking numbers in the country. The regulations by the Rwanda Food and Drugs Authority (FDA) authorises the production of fortified foods from food processing companies in Rwanda which are well labelled, packaged and transported under hygienic and safe environment. The food items.... Read more »

Posted on : Thursday , 29th October 2020

3D printing's positive impact on the Kenyan health services

The purring of machines ushers us into a well-designed lab, one of many office spaces inside the sleepy LakeHub tech incubation centre in Kisumu’s leafy suburb of Milimani. Around 18 three-dimensional printers have settled on the shelves buzzing towards additive manufacturing which is all received from a command from a laptop resting on a table. Daisy Achieng informed that "a minimum of 3,000 3D printed medical units were delivered to.... Read more »

Posted on : Wednesday , 28th October 2020

Plastics recycling can avert plastic ban in Kenya

Advocacy by manufacturers to support plastic recycling striving in avoiding the ban towards the use of the plastic material for packaging commodity. With Kenya's stringent rules against use of plastics to protect the environment. Following which the ban was carried on with the prohibition of single-use plastics in protected areas including national parks, forests and beaches. Plastics are, however, still allowed in packaging of commodity.... Read more »

Posted on : Wednesday , 28th October 2020

Construction of the Kenya Marsabit Stadium is resumed

Construction of the Marsabit Stadium has begun after almost three years of stalling. According to the County Development Implementation Coordinating Committee (CDICC) which toured the site, the work of the two contractors, Arid Lands and Benisa Limited, on the first phase of the project is amazing.The former was hired by the county government to build the VIP Pavilion at a cost of USD 0.7 Million, of which USD 0.4 million had already been paid..... Read more »

Posted on : Tuesday , 27th October 2020

Dar Leads East Africa on construction projects

In terms of infrastructure investments, Tanzania is leading the East African bloc in terms of value. The region, the second-largest economy in the EAC, according to the Africa Construction Trends Report 2019, reported a total project value of USD 60.3 billion last year. Tanzania's overall project share is 41.2 percent, the highest potion in East Africa's total investment valuation as recorded by the consulting company Deloitte last.... Read more »

Posted on : Tuesday , 27th October 2020