Market News Page No. 266| Africa Business News | Afrotrade

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Ethiopia and Djibouti have launched the first fully electrified cross-border railway line in Africa

Ethiopia and Djibouti have launched the first fully electrified cross-border railway line in Africa. It links Ethiopia’s capital, Addis Ababa, to the Red Sea port of Djibouti – a stretch of more than 750km (466 miles). Travelling at 120km/h, the new service cuts the journey time down from three days by road to about 12 hours. The $3.4bn (£2.7bn) project was built with the help of funding from a.... Read more »

Posted on : Wednesday , 19th October 2016

Rwanda Mining professionals trained on modern mining

The government of Rwanda considers mining sector as key in the country development, the sector is now second largest contributor to national economy after tourism. Rwanda Natural Resources Authority considers the Mining sector as greatest opportunity for the country’s economy. In order to promote good practice in mining the department of Mining organized a five days training for mining professionals that took place in Eastland Hotel,.... Read more »

Posted on : Wednesday , 19th October 2016

Africa: The Beauty of Casablanca Mosque

Hassan II Mosque, Casablanca has a rectangular-shaped thin tower called a minaret, which stands at 689feet, dwarfing other buildings that make up the Casablanca skyline. The brownish structure stands in middle-front of the mosque facing other commercial buildings within the city. Currently, it is regarded as the tallest religious structure in the world. Strategically located near a junction that connects the beach to the other.... Read more »

Posted on : Wednesday , 19th October 2016

Artificial intelligence and rural African power

The energy sector has enjoyed great benefits from technological developments over the last few decades. That could be just the beginning In the West, we rely on the grid, which provides most people with ample power. In off-grid communities such as those in large parts of rural Africa, energy is a highly valued resource and consumers are much more aware of energy efficiency. The limited energy that is available is.... Read more »

Posted on : Wednesday , 19th October 2016

Cipla signs deal to set up first biosimilars unit in South Africa

Indian pharmaceutical major CiplaBSE 0.55 % has signed a memorandum of agreement for South Africa's first biosimilars manufacturing facility to be set up at a cost of nearly $91 million. The agreement with KwaZulu-Natal Dube Trade Port Special Economic Zone for Cipla BIOTEC's new facility was concluded on the margins of BRICS Summit in Goa, said the South African Ministry of Trade and Industry in a statement here.... Read more »

Posted on : Wednesday , 19th October 2016

Digital Packaging Innovations makes move into digital with Africa's maiden HP Indigo 20000

Kenya's Digital Packaging Innovations (DPI) has ordered an HP Indigo 20000 digital press, the first purchase of this press on the African continent. The press is set to be installed alongside an AB Graphics Digicon 3000 finishing unit, which will provide DPI with a complete end-to-end packaging system. The sale was supported by HP’s local channel partner in Kenya, Elite Digital, along with its own regional.... Read more »

Posted on : Wednesday , 19th October 2016

Malaysian healthcare facility targets Kenyan market with specialised services

NAIROBI, KENYA: Columbia Africa’s first facility in Kenya has officially opened to the public to provide healthcare needs. The over Sh 250 million clinic and diagnostic centre located in Parklands, Nairobi, will target the country’s growing middle class whose appetite for affordable, modern and efficient healthcare facilities is on the rise. Columbia Africa is part of Seattle-based Columbia Pacific Management that also manages.... Read more »

Posted on : Wednesday , 19th October 2016

Remote Village to Become First Fully Solar Powered in Tanzania

Mara — Manila, a remote village in Rorya District, Mara Region has never had electricity for more than 40 years. But residents in the village now have a reason to smile as it will soon become the first fully solar-powered village in Tanzania. It will be light up under a project carried out by Mashaka Foundation in collaboration with US-based American Engineering Group. The project, which uses the Firefly solar.... Read more »

Posted on : Wednesday , 19th October 2016

Iconic Ford Mustang Ponies Up In Kenya�s Right-Hand-Drive Market

Kenya is the second country in Africa after South Africa where Ford Mustangs will be available now that Ford has begun producing a right-hand drive version at its assembly plant in Flat Rock, Michigan, U.S.A. Mark Kass, CEO of CMC Motors, said competition in the auto industry had become stiff and the Mustang is expected to position the dealership favorably in the luxury car market, The Citizen reported. The luxury.... Read more »

Posted on : Wednesday , 19th October 2016

The rise of African renewable power

South Africa will lead the charge, as Sub-Saharan Africa’s renewable energy sector expands Energy supplied from renewable sources across Sub-Saharan Africa will soar by nearly 65% between now and 2040, reaching around 585m tonnes of oil equivalent, according to the International Energy Agency (IEA). The region's power sector will see rapid growth of renewables-based capacity, which will skyrocket from around 20.... Read more »

Posted on : Wednesday , 19th October 2016

Chinese firm to build pharmaceutical plant in Ethiopia

A cornerstone-laying ceremony was conducted on Tuesday to establish a Chinese-invested pharmaceutical plant in Dukem town, about 40 km south of Addis Ababa, Ethiopia's capital. With an investment of 85 million U.S. dollars from a Chinese firm based in southwest China's Chongqing Municipality, the plant, Sansheng Ethiopia Pharmaceuticals Plc, when completed, is expected to have a production capacity of 10 billion tablets, 5 billion.... Read more »

Posted on : Wednesday , 19th October 2016

East Africa: Arusha Onion Growers Start Exports to Juba

Arusha — Onion usually make people cry when peeling them but they are now causing tears of joy among Arumeru growers who have started exporting to South Sudan. Arusha has started exporting onions to the youngest African nation through a recent initiative by Tanzania Horticultural Association (TAHA) to assist local vegetable growers in Arumeru District. That was revealed during the farmers' day at Oleigenuro Village.... Read more »

Posted on : Wednesday , 19th October 2016

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