Market News Page No. 285| Africa Business News | Afrotrade

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South African Economy Expands Most Since 2014 as Mining Rebounds

South Africa’s economy avoided a second recession in seven years as mining and factory output rebounded. Gross domestic product rose an annualized 3.3 percent in the second quarter, compared with a 1.2 percent contraction the previous three months, the statistics office said in a report released on Tuesday in the capital, Pretoria. The median of 19 economist estimates compiled by Bloomberg was for 2.6 percent growth. The economy.... Read more »

Posted on : Thursday , 8th September 2016

Tanzania: World Bank Grants Sh576 Million to Schools

World Bank has issued a grant of Sh576 million to three public primary schools in the district for the construction of classrooms and toilets. The schools are Ludete, Lutonzo and Nyawilimilwa, according to Geita District education officer Deus Seif. He said this during a tour by Geita District Commissioner Herman Kapufi, to the schools on Tuesday. According to the district education officer pupils have been forced to.... Read more »

Posted on : Thursday , 8th September 2016

African Health Ministers to Endorse Regional Oral Health Strategy for 2016-2025

Today, health ministers of the WHO African Region will endorse a strategy for Member States to improve oral health and enhance control of non-communicable diseases in general. “Oral health conditions have an impact on the quality of life of the affected, whereas treatment is costly for individuals, communities and countries. Yet, there are efficient and affordable interventions that could be brought to the people where they.... Read more »

Posted on : Thursday , 8th September 2016

East Africa nations race to become region�s first oil exporter

Major oil discoveries in Uganda, Kenya, Tanzania and Mozambique have made East Africa a subject of intense interest among the global energy industry The speed at which governments in East Africa are developing hydrocarbon reserves is a clear indication of their will to cement the region’s reputation as the new hotspot in hydrocarbon exploration and production. Just last week, Tanzanian President John Magufuli ordered that.... Read more »

Posted on : Thursday , 8th September 2016

Africa: Experts Call for Creative Financing to Boost Infrastructure Development

The number of people involved in informal trade is growing, but most in the region don't have access to proper transport means. This is one of the challenges highlighted during the last day of The Global African Investment Summit that closed on Tuesday in Kigali. It was noted that only one in four households in the Common Market for Eastern and Southern Africa (COMESA) region has access to energy, and the majority of them.... Read more »

Posted on : Thursday , 8th September 2016

Rise of the machines

Consultancy group Juniper Research has forecasted that fintech platform revenues for unsecured consumer loans issued using machine learning technology are set to see a jump of 960 per cent during the period 2016-2021, rising to $17 billion globally in 2021. The rise is driven by advances in analytics and accessible computing power. Specifically artificial intelligence (AI) is expected to advance rapidly, according to Juniper's new report,.... Read more »

Posted on : Thursday , 8th September 2016

Big Growth in Africa as IIJ Sales Soar Worldwide

Additional major new African clients are set to sign with the company, known as IIJ, which announced its entrance into Africa in April last year. The company is a world leader in the supply of inkjet solutions into a wide range of applications, such as labels, packaging, document and security printing. IIJ, which has worldwide operations, is also the official sales and technical support centre for Konica Minolta inkjet products.... Read more »

Posted on : Thursday , 8th September 2016

SolarPower Europe and RECP team up to promote solar investment in Africa

Africa remains one of the most difficult markets to penetrate, riddled by bankability issues and a distinct lack of the right kind of strategic partnerships. To expedite and support solar investment on the continent, SolarPower Europe and the Africa-EU Renewable Energy Cooperation Programme (RECP) have teamed up to facilitate business cooperation between African and European stakeholders. The RECP is a development programme funded.... Read more »

Posted on : Thursday , 8th September 2016

Major boost for Kidney patients as 37 graduate to offer specialized health services

The renal services in public health institutions have been boosted with the graduation of 37 health workers from the East African Kidney Institute (EAKI). The health workers comprising physicians, medical officers, nurses, pharmacists, nutritionists and laboratory technologists underwent a three months training course to offer dialysis services in county hospitals under the Managed Equipment Services project. The first batch of.... Read more »

Posted on : Thursday , 8th September 2016

CS health calls for increased investment in the health sector to achieve UHC

The Cabinet Secretary for Health, Dr. Cleopa Mailu is calling on investors to take advantage of opportunites in the health sector to invest and asssit the nation to achieve the global Sustainable Development Goals. The CS said Kenya’s determination to achieve the Universal Health Coverage goals has created investment opportunities in the health sector which includes establishment of high-end medical institutions in partnership with.... Read more »

Posted on : Thursday , 8th September 2016

Kenya�s power imports from Uganda now rise 32 per cent

Kenya’s electricity imports from Uganda grew by nearly a third in the year to July saddled by the shutdown of geothermal power grid for lines maintenance. Kenya imported 40.7 million kilowatt hours (kWh) from Uganda compared to 31 million units in the first seven months of last year – marking a 32 per cent growth, according to official data. This is a departure from last year when East Africa’s largest.... Read more »

Posted on : Thursday , 8th September 2016

Kenya Gives More Power to Mining Communities

Kenya has drafted 14 mining regulations to strengthen the government's capacity to manage exploration and extraction of minerals. The proposed Minerals and Mining Policy recently approved by the Cabinet, is anchored in the Mining Act, 2016, which came into effect on May 27. "The new law enhances Kenya's competitiveness by providing a stable, predictable and transparent investment climate for exploration and.... Read more »

Posted on : Thursday , 8th September 2016

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