Market News Page No. 283| Africa Business News | Afrotrade

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South African entrepreneur succeeds with designer socks

Serial South African entrepreneur Nicholas Haralambous has hit it big with a line of colorful designer socks that are sold in 20 countries around the world. Haralambous, who counts his company Nic Harry as his ninth business venture, markets socks made from environmentally friendly bamboo fiber. Nic Socks are worn by celebrities including cricket player Herschelle Gibbs, rugby player Bob Skinstad, actor Maps Maponyane, and Mmusi.... Read more »

Posted on : Monday , 12th September 2016

InnovationMonth: Up-cycling plastic to build classrooms

Redefine Properties has committed R100,000 to enable Bottle 2 Build Schools (B2BS) to up-cycle plastic bottles into eco bricks. These bricks will be used to construct a 9m by 6m classroom that will accommodate approximately 40 students at the Sedibathuto Higher Primary School in Mapetla Extension, Soweto. When construction of the additional classroom is complete it will be as strong as a classroom constructed from bricks and.... Read more »

Posted on : Monday , 12th September 2016

Black Rock Mining Ltd to reveal funding proposal

Black Rock Mining Ltd (ASX:BKT) has been granted a trading halt by the ASX this morning, pending details of a funding proposal. Black Rock is focused on its Mahenge graphite project in Tanzania. The halt will remain in place until the opening of trade on Wednesday 14th September 2016, or earlier if an announcement is made to the market..... Read more »

Posted on : Monday , 12th September 2016

Tanzania: Dar and Kinshasa Begin Talks On Oil Pipeline Project

The Democratic Republic of Congo has opened preliminary discussions with Tanzania over its crude oil prospects. The talks are aimed at enabling Kinshasa to export its oil through the proposed pipeline system from Hoima in Uganda to the Tanga port in Tanzania. The consultations began at the end of last month in Dar es Salaam between DRC's Ministry of Hydrocarbons and its Tanzanian counterpart, according to Oil of DRCongo,.... Read more »

Posted on : Monday , 12th September 2016

India made Datsun GO+ exported to South Africa

NEW DELHI: Indian arm of Japanese automaker Nissan has started export of Datsun GO+ to South Africa. Produced at the Renault-Nissan Alliance plant in Oragadam near Chennai, sales of Datsun GO+ began on August 31, 2016 in South Africa. Guillaume Sicard, President, Nissan India Operations, said "We are delighted to see the Datsun GO+, manufactured with pride at the Renault-Alliance plant in Chennai, introduced for sale in South.... Read more »

Posted on : Monday , 12th September 2016

South Africa car makers, union sign 3-year wage deal

Car makers in South Africa signed a new three-year wage deal with militant union Numsa on Friday, industry officials said, easing concerns of a labour dispute in a key export and manufacturing industry. South Africa's local motor industry, the largest in the continent with hubs in the capital Pretoria and Port Elizabeth, contributes 7.5 percent to GDP and around a third of the manufacturing output in Africa's most industrialised.... Read more »

Posted on : Monday , 12th September 2016

Solar power company in Sh2 billion expansion plan

The UK-headquartered off-grid power provider Bboxx has announced a Sh2 billion investment to connect additional 150, 000 residents of five counties with home solar systems in part of efforts to boost uptake of the clean energy. The venture capital-backed company has already lit 9,000 households in Kenya. Residents of Siaya, Kakamega, Kisumu, Vihiga and Bungoma counties will now enjoy up to 50 kilowatt hours (KWH) of electricity in.... Read more »

Posted on : Monday , 12th September 2016

SOLAR NANOGRID KICKS OFF IN AFRICA, PLANS FOR GLOBAL EXPANSION

Villagers in Lemolo B and Echareria in Nakuru County, Kenya recently became the launch pad of a new type of electricity distribution model that could benefit hundreds of thousands of people worldwide. The two communities are pioneering an initiative providing clean, affordable and reliable energy where a central solar hub provides both commercial energy for new village enterprises and household energy using upcycled laptop.... Read more »

Posted on : Monday , 12th September 2016

Oil & Gas: Kenya finalises agreement for development of crude oil pipeline

Kenya has finalised an agreement with oil explorer Tullow Oil and its partners Africa Oil and A.P. Moller-Maersk for the development of a crude oil pipeline, as it bids to become an oil exporter, the president's office said. Tullow and Africa Oil first struck oil in the Lokichar Basin in the country's northwest in 2012. The recoverable reserves are an estimated 750 million barrels of crude. The two firms were 50-50 partners.... Read more »

Posted on : Monday , 12th September 2016

Nairobi County receives a mobile clinic under the Beyond Zero Campaign

The Cabinet Secretary for Health, Dr. Cleopa Mailu has hailed the Beyond Zero campaign for catalyzing positive changes on the faces of Kenyan mothers and children. Speaking during the handover of the 47th Mobile Clinic to Nairobi County by H.E the First Lady Margaret Kenyatta today at State House, the CS disclosed that over 5,000 Kenyans have benefited from Beyond Zero clinics across all the Counties. ‘’These clients.... Read more »

Posted on : Monday , 12th September 2016

Tanzania Exports Increase by 8.4% in Year Ending June 2016

The Bank of Tanzania (BOT) Monthly Economic Review for July 2016 shows that the value of export of goods and services in the year ending June 2016, increased by +8.4%. Overall exports reached USD10,096.9m, compared to USD9,310.6m in the year ending June 2015. The improvement was mainly driven by an increase in travel (tourism) receipts, manufactured goods, and gold. Travel maintained the leading position among foreign currency earners,.... Read more »

Posted on : Monday , 12th September 2016

Tanzania: TCCIA Calls On Govt to Invest Heavily to Boost Industries

Dar es Salaam — This was a message from key industry stakeholders on Thursday during a press conference organised by the Tanzania Chamber of Commerce, Industries and Agriculture (TCCIA). TCCIA warned the government that a blanket cost-cutting drive would prove counterproductive in the long run. "If the government spends more, it will also be in a better position to collect more revenue, there is a huge chance for return.... Read more »

Posted on : Monday , 12th September 2016

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