Market News Page No. 261| Africa Business News | Afrotrade

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Tanzania: Affordable Air Travel to Boost African Economic Growth

FASTJET Chief Executive Officer (CEO), Mr Nico Bezuidenhout has urged travel agencies to offer more affordable air travel so as to enable entrepreneurs, tourists and other visitors to travel within Africa and boosts the continent's economy. He said more affordable air travel enable movements of people within the continent and thus easier business transactions among people from different parts of the World. Mr Bezuidenhout said in.... Read more »

Posted on : Tuesday , 25th October 2016

Koyo to open PV panel factory in Tanzania

The Japanese company has revealed that it is setting up a subsidiary in the East African country, with plans for a solar panel assembly plant. It will officially open the subsidiary, Koyo Bussan Tanzania, in Dar es Salaam this week, according to an online statement. It did not reveal additional details about the PV module plant, but said that it is interested in the commercial and residential solar sectors..... Read more »

Posted on : Tuesday , 25th October 2016

Hydro Industries opens water plant for 82 African villages

Llangennech-based Hydro Industries officially opens a treatment plant, which it has designed and manufactured, in Sudan on Saturday. It will deliver 8.5 million litres of water to 82 villages every day. The opening coincides with the 10th anniversary celebrations of the Welsh Government's Wales for Africa programme. Wales for Africa was launched in response to the Make Poverty History campaign and encourages Welsh people and.... Read more »

Posted on : Tuesday , 25th October 2016

Huhtamaki PPL to set up plants for flexible packaging

Huhtamaki PPL Limited (formerly The Paper Products Ltd), a part of the Finland-based Huhtamaki group that provides consumer and specialty packaging solutions, plans to invest about Rs 65 crores for expansion and modernisation projects for its flexible packaging and labels businesses in the North East region. While the company will set up a flexible packaging plant in Assam, its subsidiary, Webtech Labels Pvt Ltd, will build a production.... Read more »

Posted on : Tuesday , 25th October 2016

Tanzania: NSSF All Set to Construct Modern Hospital in Dar

Arusha — The National Social Security Fund (NSSF) has unveiled a catalogue of major investments it plans to execute in the near future. But the fund says it is facing some challenges, which may affect the implementation of the investments, including high defaulters on loans and rent. The NSSF director general, Mr Godius Kahyarara, told the stakeholders' conference here last week that although this time around the.... Read more »

Posted on : Tuesday , 25th October 2016

The race for oil and gas in Africa

Africa is home to some of the world's fastest-growing economies, with many of them relying on oil for foreign exchange. It is estimated that 57 percent of Africa's export earnings come from hydrocarbons. Proven oil reserves have grown by almost 150 percent, increasing from 53.4 billion barrels since 1980, to 130.3 billion barrels by the end of 2012. The region is home to five of the top 30 oil-producing countries in.... Read more »

Posted on : Tuesday , 25th October 2016

The uptake of off-grid solar systems in Africa

In Africa 60 million people are using off grid solar panel systems for cheaper, cleaner and more reliable energy. According to statistics from IRENA, 10 per cent of the 600 million people living off-grid in Africa now use clean solar energy to power their homes. The decreasing prices of home solar panel systems in Africa have make this uptake possible - the cost for solar being lower than diesel and.... Read more »

Posted on : Tuesday , 25th October 2016

AfDB provides R4.2m for South African sustainable mining efforts

To develop skills and knowledge in sustainable development and mining, the African Development Bank (AfDB) has granted R4.2-million to an initiative run by the South African government and the University of Cape Town (UCT). Aimed at helping turn the minerals extraction and beneficiation industries into a force for sustainable development in the country, the grant was made from AfDB’s Middle Income Country Technical Assistance.... Read more »

Posted on : Tuesday , 25th October 2016

Western Donors Support Big Agriculture in Africa

Western donors, including the Bill and Melinda Gates Foundation, are putting their money and power behind promoting a market-based, pro-agribusiness model for developing countries through a World Bank program, Enabling the Business of Agriculture (EBA), according to the report released earlier this year, titled “The Unholy Alliance: Five Western Donors Shape A Pro-Corporate Agenda For African Agriculture” from the Oakland.... Read more »

Posted on : Tuesday , 25th October 2016

Tanzania: Halali Adoption to Boost National Economy

TANZANIA is expected to adopt 'Halali Certification logo' next year, a move that will boost the export and national economy. Speaking to reporters yesterday, the National Muslim Council of Tanzania (BAKWATA) general secretary, Selemani Lolila said Tanzania traders will be able to export products to more than 30 countries after adopting the logo. Halali is a logo, which is stamped to products that have been prepared according to.... Read more »

Posted on : Tuesday , 25th October 2016

Tanzania: 40,000 Homes 'To Get Power From Mini-Grids'

Arusha — Over 40,000 households in 160 villages across the country would be connected with electricity by 2020 through mini-grids to be installed by PowerCorner Tanzania, a firm established in 2015 to provide energy access to the rural areas. A total of $ 140,000 will be spent on the mini-power grid with the connection charges not exceeding $1,000 per village, according to Frederic Madry, the managing director of the Dar es.... Read more »

Posted on : Tuesday , 25th October 2016

Ford, Nissan lead effort to further develop industry in Africa

LAGOS, Nigeria -- A group of carmakers led by executives from Ford Motor Co. and Nissan Motor Co. will seek to work with Kenyan authorities to develop an auto-manufacturing industry in the east African country, building on talks with Nigerian lawmakers about their own market. The African Association of Automotive Manufacturers, which also includes Toyota Motor Corp., General Motors, BMW AG and Volkswagen AG, has formed to take.... Read more »

Posted on : Tuesday , 25th October 2016

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