Market News Page No. 246| Africa Business News | Afrotrade

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European Investment Bank launches of Boost Africa Initiative

Boost Africa Initiative, a unique partnership in support of innovation and entrepreneurship across Africa has been launched today in Abidjan by the European Investment Bank (EIB) and the African Development Bank (AfDB) in partnership with the European Commission. The launch ceremony took place at the Headquarters of the AfDB in Abidjan in presence of EIB President Werner Hoyer, AfDB President Akinwumi Adesina, EIB Vice-President Ambroise.... Read more »

Posted on : Tuesday , 22nd November 2016

An Enlightened Energy Solution for Rural Africa

Solar energy provider Mobisol has joined the Business Call to Action (BCtA) with a commitment to provide 800,000 people and 50,000 small businesses in Kenya with reliable access to solar energy by 2020. In the process, the Berlin-based company plans to create 150 jobs along its value chain and provide training on solar energy while reducing greenhouse gas emissions by 100,000 tons each year. Launched in 2008, the Business Call to.... Read more »

Posted on : Tuesday , 22nd November 2016

AIIB expects to support African industrialization in cooperation with UNIDO

The Asian Infrastructure Investment Bank (AIIB) expects to cooperate with UN Industrial Development Organization (UNIDO) in boosting industrialization development in Africa in the future, Jin Liqun, President of AIIB on Monday told Xinhua. Attending 50-year anniversary of UNIDO in Vienna, Jin said AIIB shares the inclusive and sustainable industrial development mandate with UNIDO, and could cooperate with the organization in the.... Read more »

Posted on : Tuesday , 22nd November 2016

GO CAPS work in Monett reaches Africa

Bryand's passion project provides dental aid to children Work in the the Greater Ozarks Center for Advanced Professional Studies (GO CAPS) at Monett High School has had residual benefits, as shown in the work of senior Ashley Bryand. Ashley's GO CAPS passion project centered around her passion for helping others, her interest in the field of dentistry, and her desire to provide dental hygiene supplies to children in.... Read more »

Posted on : Tuesday , 22nd November 2016

Tanzania in Drive to Improve Doing Business Climate

The Tanzanian government has launched a one-stop shop to improve services for investors. The aim is to raise the country's position in global doing business ranking. The facility, by the Tanzania Investment Centre (TIC), has departments that deal with matters such as land, taxation and product standards. The goal is to shorten the time taken to register an organisation or venture from 14 days to.... Read more »

Posted on : Tuesday , 22nd November 2016

Dubai-based auto group opens regional customer experience academy

The opening of the first Al-Futtaim Automotive Academy in Sub Sahara Africa, is part of the Dubai based automotive firm’s strategic effort to boost its customer experience and after sales capacity in East Africa. Speaking when he officiated at the opening of the new purpose equipped training facility, the visiting Al-Futtaim Automotive Group President, Len Hunt said the investment in a state of the art technical training.... Read more »

Posted on : Tuesday , 22nd November 2016

3D printing is now at the heart of lifesaving surgery

For the first time in Kenya, doctors at Kenyatta National Hospital managed to separate conjoined twins. This was one of the first such operations successfully done at a hospital in sub-Saharan Africa (see another one here), and it was possible in part because of 3D printing. Dr Fred Kambuni, the lead surgeon, said that a 3D printed model helped his team of medics conduct the delicate spinal surgical interventions.... Read more »

Posted on : Tuesday , 22nd November 2016

Tanzania: Aga Khan Plans 35 Health Service Centres

Aga Khan Health Services in the country expects to construct 35 health service centres countrywide by December 2018 to support the government's efforts to deliver quality services. The Health Services' Regional Chief Executive Officer, Mr Sulaiman Shahabuddin, said in Dar es Salaam over the weekend that upon completion, the project will create jobs for 525 Tanzanians as well as encourage students to study science subjects owing to.... Read more »

Posted on : Tuesday , 22nd November 2016

Kibo signs collaboration agreement with General Electric

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company is pleased to announce that it has signed a Collaboration Agreement (the “Agreement”) with General Electric International Inc (“GE”), with respect to the development of the Mbeya Coal to Power Project (“MCPP” or “the Project”). The.... Read more »

Posted on : Tuesday , 22nd November 2016

Rwanda: Experts Say to Focus on Off-Grid Power Funding to Boost Access

Off-grid power access, including of solar home systems and mini-grids, plays a key role in Rwanda's ambitious target to extend power to 70 per cent of the population in the medium-term, Morris Kayitare, the director of primary and social energy development at Rwanda Energy Group (REG), has said. Kayitare added that renewable energy sources are instrumental in meeting the country's energy needs and, therefore, should not be.... Read more »

Posted on : Tuesday , 22nd November 2016

Black Rock Mining Ltd delivers ultra-pure graphite product

Black Rock Mining Ltd (ASX:BKT) has achieved 99.99994% purity using a simple thermal purification process on flake graphite concentrate from the Mahenge graphite project in Tanzania. A unique feature of Mahenge allowed a high purity concentrate to be produced, which then allowed the high purity sample to be delivered. Battery cell testing is underway with preliminary results expected in early 2017. Steven.... Read more »

Posted on : Tuesday , 22nd November 2016

Pioneer Foods enters East African cereal market

JSE listed Pioneer Foods is acquiring a 49.8% interest in UK food processing company Weetabix’s East Africa distributing company. The Kenya-based company has been in operation for over 40 years and has about 13 brands in its portfolio. Last year, the business invested £1.6-million in a capacity upgrade programme at its facilities, giving it 60% more capacity. Weetabix East Africa produces about 12 t of cereal,.... Read more »

Posted on : Tuesday , 22nd November 2016

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