Market News Page No. 293| Africa Business News | Afrotrade

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Africa: Lessons From Kenya About What's Holding Back Solar Technology in Africa

The spread of solar and other modern energy technologies in African countries is considerably low. Despite the global viability and growth in the solar energy market, African countries continue to lag behind. They represent less than 1% of the market demand for solar energy. The region accounts for only 9% of the global installed capacity of photo-voltaics (PV) which convert light into electricity using semi-conducting materials..... Read more »

Posted on : Thursday , 1st September 2016

East Africa: New Railway Line Plan Sketched

The government has outlined a three-year timeline for the construction of a 7.6 billion US dollar (15 trillion/-) railway line - a major trade artery between Tanzania and its landlocked neighbours of Burundi, Rwanda and Democratic Republic of Congo (DRC). The Standard Gauge project, which is supported by China's Exim Bank, is scheduled to start anytime from now, the Minister for Works, Transport and Communications, Professor.... Read more »

Posted on : Thursday , 1st September 2016

Ethiopia: Canadian Investors Keen to Engage in Energy, Mining Sectors

Ethiopia and Canada discussed to further strengthen their bilateral relations in the areas of trade, investment, peace and security. Foreign Minister Dr. Tedros Adhanom held talks with Office of the Ministry of International Development Parlimentary Secretary Karina Gould here yesterday. The Secretary told journalists following the talks that Canadian business communities are interested to invest in energy, mining,.... Read more »

Posted on : Thursday , 1st September 2016

Africa: The Future Will Be Built in Africa - Mark Zuckerberg

Facebook founder and CEO, Mark Zuckerberg, has said the "future of the world" will be built on the African continent. Zuckerberg made the statement during his first Sub-Saharan visit to Africa in Lagos, Nigeria on Tuesday. A small group of media were invited to a live-stream of the Nigerian event in Johannesburg on Wednesday. "The thing that is striking [about Nigeria] is the entrepreneurial.... Read more »

Posted on : Thursday , 1st September 2016

Tanzania Pension Fund Loan USD2.1m to Biotech Industrial Project

The National Social Security Fund (NSSF) of Tanzania recently disbursed USD2.1m to the Tanzania Biotech Product Limited in Kibaha for production expansion. The factory is under the National Development Corporation (NDC) and is designed to manufacture biotech products that kill mosquito larva. The NSSF decision to invest in such project follows the directives of President Magufuli for pension funds to grant funds to industrial.... Read more »

Posted on : Thursday , 1st September 2016

The Government enhancing Health-care to the vulnerable

The Government is providing additional budgetary resources for the poor and other vulnerable citizens, to address the out of pocket expenditure. “Eliminating the user fees for maternity and primary health care services in public health facilities is meant to address the 30 percent health expenditure which has been an impediment to accessing care, especially for the poor and other vulnerable citizens. The remarks were made.... Read more »

Posted on : Thursday , 1st September 2016

Tanzania: Pass, WFP Partner in Ambitious Maize Production Project

Private Agricultural Sector Support (PASS) envisages reaching 345,000 entrepreneurs in agricultural sector this year, with projected guaranteed loans of 114bn/-. PASS Managing Director Mr Nicomed Bohay said in Dar es Salaam yesterday that the organisation will, under the PPP, partner with the World Food Programme (WFP) to support maize farmers in Songea, Mbeya, Iringa, Morogoro, Dodoma, Manyara and Arusha to access farm.... Read more »

Posted on : Thursday , 1st September 2016

How Ethiopian famine influenced Japanese businessman to campaign for modern farming in Africa

How Ethiopian famine influenced Japanese businessman to campaign for modern farming in Africa he meeting was a symposium on agriculture and Japanese Prime Minister Shinzo Abe who was in Nairobi for the Tokyo International Conference on African Development (Ticad) was to give an address. Titled, Contributing to Social Security and Jobs through Agriculture, it drew economists, donors, development bankers and government.... Read more »

Posted on : Thursday , 1st September 2016

Tanzania mulls setting up oil trading hub to serve East and Central Africa

The government of Tanzania is exploring the possibility of setting up an oil trading hub in Tanga, the north sea port city with a view to supplying fuel to East and Central Africa. “The most ideal place in East African region is Tanga. We have big opportunity for oil trading,” said the Minister for Industry, Trade and Investments, Mr Charles Mwijage. The government, the minister said, had already started working on the.... Read more »

Posted on : Thursday , 1st September 2016

Megha Engineering completes 4 major projects worth Rs. 3100 cr

Megha Engineering & Infrastructures Ltd., has completed four major projects during the first quarter of this year with a total outlay of Rs. 3100 crore, including an infra project in Tanzania and the major lift irrigation project of Pattiseema that links Godavari and Krishna rivers and a project under Mission Bhageeratha. Of the four projects, two were inaugurated by Prime Minister Narendra Modi and the third one he visited in.... Read more »

Posted on : Thursday , 1st September 2016

Mobile printing with the PrintbyXerox App

Mobile technology has significantly changed both where and how business gets done. Today, employees can work from virtually anywhere and at any time or place. However, no matter how mobile workforces may have become, people still need to print. Xerox's PrintbyXerox App, a cloud-based mobile print solution, enables mobile workers to raise their productivity levels, regardless of where their business takes them – whether they're.... Read more »

Posted on : Wednesday , 31st August 2016

BBOXX raises $20m funding to boost African off-grid solar presence

BBOXX Ltd, a London-based provider of off-grid solar systems active in many parts of Africa, has secured $20 million in Series C funding from a consortium of international backers and investors.Founded in 2010, BBOXX has been active in many parts of sub-Saharan Africa, bringing its distributed solar energy platform to large swathes of off-grid areas in Kenya and Rwanda. Having enjoyed success in these countries, the company intends to use.... Read more »

Posted on : Wednesday , 31st August 2016

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