Market News Page No. 267| Africa Business News | Afrotrade

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Tanzania: Onset of Bombardier Q400 Boost Tanzanian Growth Strategy

Despite the fact that I am aware of diverse views on the subject of two newly acquired Air Tanzania Limited 76-seater Bombardier Q400 commercial aircraft of Canadian make, each of us has a duty to reason what we believe about the prospects of coming back of long-gone glory days under this government led by President John Pombe Magufuli. As I leave politics to politicians, my focus in support to this achievement is on the economic.... Read more »

Posted on : Thursday , 6th October 2016

Black Rock Mining Ltd's graphite resource swells to third largest

Black Rock Mining Ltd (ASX:BKT) has increased its total Mineral Resource by 24% to 162.5 million tonnes at 7.8% total graphitic content through infill drilling within the Mahenge project in Tanzania. Infill drilling targeted the Ulanzi deposit, which has resulted in a 39% resource upgrade to Ulanzi. Mahenge, which hosts the Ulanzi, Epanko and Cascade deposits is now the world’s third largest JORC compliant graphite.... Read more »

Posted on : Thursday , 6th October 2016

Tanzania: Cuba Offers to Boost Health Sector

Dar es Salaam — As the government is set to launch a biotechnology plant for manufacturing products that kill mosquito larvae by the end of this year, the government will construct a pharmaceutical company to reduce the importation cost. Vice President Samia Suluhu Hassan revealed that during a press briefing following the official visit of Cuba Vice President, Salvador Mesa. Mr Mesa who was expected to leave on.... Read more »

Posted on : Thursday , 6th October 2016

Marriott International Rapidly Expands its Footprint across Africa

Marriott International continues its robust expansion across the African continent with news of brand-new signings of new properties in Cape Town, Nairobi, Cairo and Mauritius. This announcement comes hot on the heels of Marriott's recently completed acquisition of Starwood Hotels and Resorts, which has created the world's largest hospitality. The transaction has increased Marriott's distribution in Africa, thus affirming the company's.... Read more »

Posted on : Thursday , 6th October 2016

Farmers to be cushioned with crop, livestock insurance - Uhuru

President Uhuru Kenyatta on Wednesday said the government has introduced a crop insurance scheme to cushion farmers from adverse weather conditions. Uhuru said the insurance scheme is being tested in Bungoma, Nakuru and Embu counties. “Indeed, a thousand farmers in these counties have already benefitted from the premium subsidy at a cost of Sh300 million,” he said. He said his administration has also.... Read more »

Posted on : Thursday , 6th October 2016

Dubai Chamber delegation meets Kenyan President to enhance economic ties

In its quest to strengthen bilateral economic ties between Dubai and Kenya, the Dubai Chamber of Commerce and Industry-led business delegation met Uhuru Kenyatta, President of the Republic of Kenya, during their current visit to the strategic East African country. During the meeting, the Kenyan President lauded Dubai Chamber’s efforts in opening a representative office in the Kenyan capital which he said is a step in the.... Read more »

Posted on : Thursday , 6th October 2016

Cement firms seek alternative products

Cement makers are exploring opportunities for alternative building materials with a view to diversifying their product offering in a bid to stay afloat in the competitive industry, a top official said yesterday. Savannah Cement managing director Ronald Ndegwa said the industry hopes to increase production capacity for ready-mix concrete deliveries for small to large building projects. This will complement the existing.... Read more »

Posted on : Thursday , 6th October 2016

Hashi Energy lands Sh14 billion supplies deal from Dubai venture firm

Hashi Energy Holdings has inked a lucrative Sh14.18 billion ($140 Million) partnership deal with Dubai's business group S.S. Lootah International. It is targeting deals in supply of food and petrol, logistics and infrastructure in East and Central Africa. Under the agreement, the two firms will collaborate to supply the United Nations' mission in the Democratic Republic of Congo with petroleum products, trucks for.... Read more »

Posted on : Thursday , 6th October 2016

Three steps for mining�s national rebirth

THE Zambezi Protocol was developed on the banks of the river of that name at a meeting hosted by former Nigerian president Olusegun Obasanjo. Its opening lines state: "Africa’s mining sector is in crisis. At its root is a lack of trust between mining companies, governments and, indeed, the very nations they lead. A failure to tackle the crisis will result in serious, adverse implications for both economic growth and employment.... Read more »

Posted on : Wednesday , 5th October 2016

Rwanda: Oral Hygiene - Why You Must Change Your Toothbrush Often

How many toothbrushes do you own? Well, many a people will say I have one. But for how long have you used it? This is a question most people have never bothered to think about. While most people own a toothbrush and brush at least two to three times a day, many take months using the same toothbrush. Well if you are one of those people who use the same toothbrush for months without discarding it, then you need to think twice.... Read more »

Posted on : Wednesday , 5th October 2016

Africa: Rougier upbeat despite sales dip

French-based African hardwood and plywood producer and distributor Rougier expects growth to resume in the second half, after a difficult first six months. The company reports sales down 8.5% to July at €79.3m. The second quarter was stronger, but revenue was still below the same period last year. Rougier said its French import and distribution business had grown thanks to improved product range and customer.... Read more »

Posted on : Wednesday , 5th October 2016

Spices farmers to benefit from training on packaging

TANZANIA Trade Development Authority (TANTRADE) has organized a six-day training to build capacity for 200 farmers of spices and horticulture on packaging of their produce. The other partners in the workshop that started yesterday and set to end on Saturday are Small Industries Development Organization (SIDO), Tanzania Bureau of Standards (TBS) and the National Network of Farmers’ Groups Tanzania, known in Swahili acronym as.... Read more »

Posted on : Wednesday , 5th October 2016

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