Market News Page No. 289| Africa Business News | Afrotrade

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Tanzania Microfinance Sector to Drive Housing Growth

There is an enormous potential for housing microfinance in Tanzania, the Centre for Affordable Housing Finance (CAHF) in Africa indicates in its latest report on Africa’s housing finance markets. CAHF attributes the potential to the fact that 41% of Tanzanians who borrow microloans plan to use them for housing construction or improvements. Nonetheless, Tanzania’s mortgage market is among the smallest in the East African.... Read more »

Posted on : Tuesday , 4th October 2016

South Africa�s mining school heads form collaborative industry body

Mining Engineering Education South Africa (MEESA) will allow more cooperation and information sharing among institutions, which will be important in addressing the challenges that the South African mining industry is currently facing. Established last year as the Mining Heads of School Forum and recently re-branded, MEESA is currently chaired by Professor Ronny Webber-Youngman of Pretoria University's Department of Mining.... Read more »

Posted on : Tuesday , 4th October 2016

Hero MotoCorp develops three Dawn motorcycles for Africa market

Hero MotoCorp Ltd has developed three motorcycles for Africa as it seeks to establish itself in overseas markets, six years after the company ended a partnership with Honda Motor Co. that restricted exports. Powered by 100cc, 125cc and 150cc engines, the Dawn brand of motorcycles will go on sale in some African markets by March, with a large focus on Nigeria, the region’s largest two-wheeler market, according to Hero.... Read more »

Posted on : Tuesday , 4th October 2016

Yingli Europe and SolarAid launch solar lights in Africa

The European subsidiary of leading module manufacturer Yingli Green has partnered with climate change charity SolarAid to launch an affordable solar-powered light for distribution in rural Africa. The light, known as the SM100, was designed and developed by Yingli Europe for SolarAid who had designs to provide a solar light for use in Africa to make electricity more accessible to those without use of the grid and eradicate the.... Read more »

Posted on : Tuesday , 4th October 2016

Tanzania: Dodoma to Get Maize Milling Plant

Dodoma — Dodoma Region will soon get an ultra modern factory for maize milling and oil which will employ 250 workers. In his remarks while handing over a cheque for about 3.7 bn/- for the said factory, the Director General of the National Social Security Fund (NSSF), Professor Godius Kahyarara, said the plant will be a blessing to the people and farmers as it will be using raw materials obtained locally. The money.... Read more »

Posted on : Tuesday , 4th October 2016

Tanzania: Patients to Undergo Knee Surgery in Dar

Dar es Salaam-based Regency Hospital has started performing knee surgeries domestically, envisaging to operate between 10 and 15 patients monthly. The hospital's surgeon, Dr Phuljit Patowary, speaking in the city over the weekend during the launch of the new service, said: "We had a successful surgery last Saturday where one patient was operated in an exercise that lasted for an hour." He pointed out that people.... Read more »

Posted on : Tuesday , 4th October 2016

Tanzania: Bugando Plans Heart Foundation

Mwanza — Bugando Referral Hospital plans to establish a heart foundation, which will help the hospital to incur both medical supplies and the trainings of the experts. The plan is aimed at providing medical care to people who are suffering from heart disease but are not able to pay treatment costs and at the same time rendering it unnecessary to them abroad for such service. Head of Cardiothoracic Surgery at the.... Read more »

Posted on : Tuesday , 4th October 2016

Tanzania: Tazara Flyover Work On Good Footing

The Minister for Works, Transport and Communication, Prof Makame Mbarawa, has called upon the contractor of the long awaited Tazara flyover to fast-track the project aimed at eliminating congestion in Dar es Salaam. Prof Mbarawa made the call in the city yesterday during his tour of the project at the junction of Nelson Mandela Expressway and Nyerere Road. "Although this work is scheduled to be completed in 2018, we.... Read more »

Posted on : Tuesday , 4th October 2016

Tanzania: Sido Set for Reforms As Industrialisation Agenda Gains Pace

Dar es Salaam — The Small Industries Development Organisation (Sido) is planning to transform itself into a giant institution that capable of providing technological, training and financial support for small and medium entrepreneurs (SMEs) under one roof. The move is aimed at stimulating the growth of the industrial sector in line with the government's goal to turn Tanzania into a semi-industrialised nation in the coming.... Read more »

Posted on : Tuesday , 4th October 2016

Tanzania: Isles to Engage Honest Oil Explorers

Zanzibar — The two-week Zanzibar House of Representatives session has ended here with the government promising to be careful in issuing international tenders for oil companies to explore for oil and gas. Moving a motion to adjourn the session to November 23, this year, the Second Vice- President, Ambassador Seif Ali Iddi, said: "We will be careful in entering contracts with companies interested in exploring for oil and.... Read more »

Posted on : Tuesday , 4th October 2016

Kenya-Israel strike deal to boost local innovation

Israel has entered a joint ventures deal that will give Kenyan start-ups, innovators and entrepreneurs access to acceleration and skills training. The agreement was signed last week in Tel Aviv, Israel, by Konza Technopolis Development Authority (KoTDA) CEO John Tanui and Tel Aviv Global CEO Eytan Schwartz. Mr Tanui said the partnership would enhance the innovation ecosystem by creating opportunities for joint ventures between.... Read more »

Posted on : Tuesday , 4th October 2016

Tanzania: Coffee and Flower Growers Turn to Organic Farming

Moshi — Coffee and flower growers seem to be ready to embrace organic farming and give up conventional agricultural practices that use synthetic pesticides and watersoluble synthetically purified fertilizers. This comes after decades of conventional agriculture that has seen coffee production, the typical cash crop in Kilimanjaro and Arusha regions drop in quality as well as quantity. Kilimanjaro growers underwent.... Read more »

Posted on : Tuesday , 4th October 2016

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