Market News Page No. 288| Africa Business News | Afrotrade

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Tanzania: Sh32 Billion Mererani Road to Be Ready December

Mererani — Upgrading of the 22 kilometre road linking Mererani gemstone mines to the rest of the country through Kilimanjaro International Airport (KIA) will be complete by the end of this year, it was revealed here recently. The project costs Sh.32 billion and is being undertaken by a Chinese construction firm, China Henan International Corporation Group Limited (Chico). Manyara regional manager for Tanzania National Roads.... Read more »

Posted on : Wednesday , 7th September 2016

Ethiopia: Repi Waste-to-Energy Project Nearing Completion

The Ministry of Water, Irrigation and Electricity said that the Repi waste-to-energy project is 87 per cent complete. The UK-based Cambridge Industries and China National Electric Engineering Corporation are undertaking the over 95 million USD project. The plant, which lies on 53,123 hectares of land is designed to generate 50MW. According to Project Deputy Head Nicholas Halias, the overall construction work including.... Read more »

Posted on : Wednesday , 7th September 2016

Strandline Resources Ltd seeks new mineral sands from drilling in Tanzania

Strandline Resources Ltd’s (ASX:STA) is expanding exploration and development programs at the company’s Tanzania-based mineral sands projects. The zircon-rich Fungoni deposit in Tanzania has an indicated resource of 11 million tonnes at 3.1% Total Heavy Minerals (THM) with a valuable assemblage of 22% zircon, 4% rutile and 44% ilmenite. The drilling campaign to extend the resources at Fungoni as part of a.... Read more »

Posted on : Wednesday , 7th September 2016

Southern Sun Dar es Salaam completes $4.2-million refurbishment

At a cost of approximately $4.2-million, The Southern Sun Dar es Salaam hotel has just completed a major refurbishment of all 152 en-suite rooms. Tsogo Sun collaborated with Blacksmith Interior Inspiration, a well-known industry-experienced interior designing outfit, to ensure that the designs of the bedrooms were practical and combined global hotel design trends and standards with local market requirements. Cognisant of the.... Read more »

Posted on : Wednesday , 7th September 2016

East Africa: Tanzania Joins List for Ethiopian Electricity Sales

Addis Ababa — Ethiopian Electric Power Corporation (EEP) last week announced Tanzania will buy 400MW of hydro-power processed electricity writes SAM OKWAKOL According to the Ethiopian News Agency, the agreement between the two countries will be finalised in the coming weeks. EEP's Chief Executive Officer, Eng. Azeb Asnake said, "The new power export deal will fosters economic integration and strengthen.... Read more »

Posted on : Wednesday , 7th September 2016

Tanzania: Experts Hail Oil, Gas Extraction Strategies

The government is so far on the right track in its strategies of drilling and extraction of gas in various areas in the Southern regions, Norwegian experts have said. Speaking during an exclusive interview with the 'Daily News', they said so far the government through its bodies has managed to take all required measures for drilling and extraction of gas. Mr Gudmund Rydning, a principal engineer with Norwegian Petroleum.... Read more »

Posted on : Wednesday , 7th September 2016

Kenya signs nuclear power deal with South Korea

Kenya’s nuclear energy bid received a major boost after signing an agreement with the Korea Electric Power Corp (KEPCO). The company and the Kenya Nuclear Electricity Board (KNEB) signed an MoU to cooperate on construction of nuclear projects and sharing expertise. Kenya aims to add nuclear power with a capacity of 4,000 megawatts by 2033. In the deal, South Korea has agreed to train a further three Kenyans in nuclear.... Read more »

Posted on : Wednesday , 7th September 2016

Africa: Donors Set Aside U.S.$24 Billion for African Health

Nairobi — The World Bank and the Global Fund will invest $24 billion in Africa over the next three to five years to accelerate universal health coverage across the continent. "A critical part of this commitment is to accelerate progress on universal health coverage - ensuring that everyone, everywhere has the opportunity to live a healthy and productive life," Jim Yong Kim, the President of the World Bank said last.... Read more »

Posted on : Wednesday , 7th September 2016

Tea farmers earnings up 32pc to Sh84bn

Tea farmers are set for improved earnings after sales for the year 2015/2016 jumped 32 per cent on higher production and a stable currency. The farmers' marketing agency, Kenya Tea Development Agency (KTDA), has announced Sh84 billion in revenue this year, up from Sh63.5 billion last year. The growers will earn Sh44 billion on average as the final payment, normally referred to as a bonus. A total of Sh17 billion has.... Read more »

Posted on : Wednesday , 7th September 2016

Africa: Agriculture Investment Yields Growth and Nutrition Gains for Africa

Nairobi — Growth in agriculture has pushed down poverty in Ghana, Rwanda, Ethiopia and Burkina Faso, report says African countries that took early action in the past decade to invest in agriculture have reaped the rewards, enjoying higher economic growth and a bigger drop in malnutrition, a major farming development organisation said on Tuesday. In a report, the Alliance for a Green Revolution in Africa (AGRA) said:.... Read more »

Posted on : Wednesday , 7th September 2016

Over 130 surgeries performed at the new Kenneth Matiba Eye and Dental Hospital

Over 130 people have undergone successful eye surgeries at the new Kenneth Matiba Eye and Dental Hospital in Murang’a county only three months after it was opened. James Gitau, the doctor incharge of the hospital, said over 7, 212 have received optical treatment and over 9,221 have been treated for various dental illnesses. Gitau told the Star that more than 1,721 reading glasses have been given to patients and.... Read more »

Posted on : Saturday , 3rd September 2016

Africa�s Captains of Industry Urged to Propel Infrastructure Development

Captains of industry in Africa have been called upon to make greater impact on the continent’s infrastructure landscape. South Africa’s Minister in the Presidency for Planning, Monitoring and Evaluation, Jeff Radebe noted that their participation was critical for the development of the continent’s construction projects. Addressing the annual congress of Master Builders SA Conference in Durban on.... Read more »

Posted on : Saturday , 3rd September 2016

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