N e w s

Tanzania Mining Sector Record 20.5% Growth in Q2 2016

 Tanzania’s mining sector grew at a rate of 20.5% in Q2 2016 reaching TZS434b, compared to TZS361b in Q2 2015 with a growth rate of 11.2%. The results were included in a report recently issued by the Tanzanian National Bureau of Statistics (NBS), covering the country’s GDP performances Q2 2016 GDP. NBS attributes the growth to an increase in the production of diamonds, Tanzanite, salt, natural gas, gold, copper and silver.... Read more »

Posted on : Friday , 7th October 2016

'Off-grid more viable as Eskom rates set to soar'

 Cape Town - Electricity prices could soar higher than the rate of inflation over the next few years, warn alternative energy proponents.   They say that the costs of large infrastructure investments being made by Eskom will soon be passed on to consumers despite a review of prices by the National Energy Regulator of South Africa (Nersa).   Cala van der Westhuizen, of Energy Partners Home Solutions, said tariffs had increased.... Read more »

Posted on : Thursday , 6th October 2016

Cummings Foundation hosts Rwandan university executive director

 Cummings Foundation recently hosted a dinner for Peter Drobac, executive director of University of Global Health Equity in Rwanda. Drobac shared an update about UGHE, a brand new health sciences university that has received substantial funding from Woburn-based Cummings Foundation.   The group of 10 that gathered at New Horizons at Choate for the intimate dinner and presentation from Drobac included Cummings Foundation founders.... Read more »

Posted on : Thursday , 6th October 2016

New report examines the Bearing Market dynamics, forecast and supply demand 2015-2020

 Bearing is an essential part of machinery which helps to reduce the friction of motion and increases the smoothness of machine. Bearings are widely use in automotive industry which helps to increase the speed of vehicle. Bearing reduces the friction between fixed and moving machine parts. However, it requires consistent maintenance to prevent early failure. The desperate need for energy-efficient vehicles and the expanding demand for.... Read more »

Posted on : Thursday , 6th October 2016

Cape Town’s Investec invests big in solar power for Africa

 Pan-African development website ElicitAfrica.com reports Investec made the acquisition through its African private equity capability. The move will see the asset management service partner with Mobisol, a well-established solar power provider to low income households in Tanzania and Rwanda. The company is currently also entering the Kenyan market. ElicitAfrica.com quotes Mobisol as saying “the deal will see Investec Asset Management.... Read more »

Posted on : Thursday , 6th October 2016

Rwanda: Off-Grid Power Firm Roots for Renewable Energy Solutions

 Off-grid power solutions, including renewable energy sources, will play an instrumental role in the country's rural electrification programme.   Justus Mucyo, managing director of BBOXX, a local solar energy provider, said off-grid power supply for Rwandans who are not served by the national grid reduces pressure on forests, as well as the health risks presented by use of kerosene lamps and wood.   Mucyo said the firm is.... Read more »

Posted on : Thursday , 6th October 2016

Built by Chinese Engineering, Africa’s First Electric Rail Launches from Ethiopia to Djibouti

 Chinese-built Ethiopia-Djibouti railway officially starts operation on Wednesday, setting a milestone as Africa's first electric railway.   Stretching 725.7 kilometers and with a designed speed of 120 km per hour, the rail line will connect the Ethiopian capital Addis Ababa with Djibouti’s capital Djibouti. It is constructed by China Railway Group and China Civil Engineering Construction Corporation, a subsidiary of China.... Read more »

Posted on : Thursday , 6th October 2016

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



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