Market News Page No. 255| Africa Business News | Afrotrade

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UK supports growth and development of East African oil and gas sector

LONDON, United Kingdom, -Mareeg-The discovery of oil and gas can be a defining moment for nations. Managed well, it can have a transformative impact; boosting economies and fuelling inclusive growth across the board. But without the right systems in place, a sudden boom in the extractives sector can have debilitating effects – including distorting economies and fostering conflict and insecurity. East Africa has now.... Read more »

Posted on : Wednesday , 23rd November 2016

Tanzania: Coast Steel Plant Promised Electricity

Pime Minister Kassim Majaliwa has directed the electricity contractor at the Kiluwa Steel Group factory in Coast Region to connect the industry to reliable electricity within 18 days, so that it kicks off operations immediately. Mr Majaliwa issued the directive yesterday when speaking to residents and government leaders of Coast Region who turned up at the factory located at Mlandizi. The PM made an impromptu tour at the factory.... Read more »

Posted on : Wednesday , 23rd November 2016

Fruits and tea exports from Kenya on the rise as trade volumes shrink by 3pc

Fruits and tea are emerging as money-spinning commodities in Kenya’s export market. This is according to a new report by Maersk Group, a global transport and logistics firm, titled the Maersk Group Trade Report 2016. The report for example states export volumes of avocados from Kenya to Europe and the Middle East in the first three quarters of 2016 grew by 34 per cent. “The inception of controlled atmosphere containers has.... Read more »

Posted on : Wednesday , 23rd November 2016

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

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