Market News Page No. 304| Africa Business News | Afrotrade

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Volkswagen to start assembling cars in Kenya

Volkswagen has signed a deal to use the Kenya Vehicle Manufacturers in Thika to assemble its popular models beginning with the Volkswagen Vivo. The first fully Kenya assembled Vivo is expected to roll out of the Thika plant by December this year. Making the announcement Wednesday, President Uhuru Kenyatta said the plant will then expand into a fully fledged assembly operation producing a range of vehicle.... Read more »

Posted on : Thursday , 8th September 2016

Local Vehicle Assembly to restart with Renault introducing its first cheap locally assembled vehicle

Local assembly of motor vehicles has received a big boost after Volkswagen South Africa signed a deal with the government, to assemble vehicles in Thika. The deal will see Volkswagen use the Kenya vehicle manufacturer’s facility in Thika to assemble popular models beginning with the Volkswagen vivo. The first fully Kenya assembled vivo is expected to roll out of the Thika plant by December this year. The return of Volkswagen is a.... Read more »

Posted on : Thursday , 8th September 2016

How to advance Kenya economic, political interests through TICAD

This weekend, Nairobi hosts the sixth Tokyo International Conference on Africa’s Development (TICAD) and the first outside Japan. The Nairobi summit is expected to build on various resolutions made during the TICAD V in 2013, which had focused on six issues. They included boosting economic growth; accelerating infrastructure development; empowering farms; promoting resilient growth; creating inclusive society for growth; and.... Read more »

Posted on : Wednesday , 7th September 2016

TWO MORE OF CYRUS� CHARGING MACHINES IN SOUTH AFRICA

Any foundry that has origins dating back to the 1940´s and is still operating is a rare occurrence in South African foundry industry. NI-Foundry, formerly known as Guestro Casting and Machining, is one of a few. NI-Foundry belongs to Naledi Inhlanganiso (Pty) Ltd and is a manufacturing group established in 2013 focusing its operations on iron and steel manufacturing for the rail, mining, energy and automotive market.... Read more »

Posted on : Wednesday , 7th September 2016

KDA inputs to Kenyan government oral health position at RC66

Congratulations and thanks to the Kenya Dental Association for contributing to their national government position during the debate to launch the ‘Regional Oral Health Strategy for Africa 2016–2025. The Strategy was discussed and adopted by 47 Ministers of Health from the WHO African region on 20 August, during the 66th Session of the WHO Regional Committee for Africa (RC66, Addis Ababa, Ethiopia, 19 to 23 August.... Read more »

Posted on : Wednesday , 7th September 2016

Tanzania: Enterprise Growth Market Cap Reaches 120 Billion/-

Enterprise Growth Market (EGM), Dar es Salaam Stock Exchange second window, has proved to be a catalyst for growth. The alternative offers opportunities for small and medium-sized companies, total market capitalisation reached 120bn/- at the end of last month. DSE Chief Executive Officer Moremi Marwa said in Dar es Salaam yesterday that the alternative market offers opportunities for SMEs to migrate from their current.... Read more »

Posted on : Wednesday , 7th September 2016

LOCAL MAKER CREATES UPGRADE FOR CLASSIC 3D PRINTER DESIGN

The Prusa i3 3D printer may be something of a dependable warhorse in the maker field, but that doesn’t mean it can’t be improved. Local maker Dave O’Brien and creator of Totilly3d – a 3D printing service based in Amanzimtoti – agrees and has taken to making his version of the i3 better. After redesigning many parts of the printer and replacing them with his own 3D prints, O’Brien still.... Read more »

Posted on : Wednesday , 7th September 2016

Brother wins BLI Summer 2016 Pick Awards for printers/MFCs

Brother Industries, a parent company of Brother International South Africa, one of the leading global manufacturers of laser and inkjet printing devices, has won five "Summer 2016 Pick Awards" in printers/MFPs and scanners, based on rigorous evaluation by Buyers Laboratory* (BLI), an independent evaluation organisation. Winning Brother products Monochrome printers/MFCs for small/mid-sized.... Read more »

Posted on : Wednesday , 7th September 2016

Mott MacDonald provides technical advisory to Kathu Solar Park backers

The Kathu Solar Park promises to deliver 100 MW of power to the South African grid, leveraging Concentrated Solar Power technology with a 4.5 hour storage capacity. Mott MacDonald supplied lender’s technical due diligence to financers of the project. One of the current difficulties with solar energy generation is that, when the sun is not shining, there is little generation. Besides not delivering energy at night, or when.... Read more »

Posted on : Wednesday , 7th September 2016

African Association of Automotive Manufacturers delegation targets Abuja for business

The development and promotion of a cohesive automotive strategy for the African continent is gaining new impetus due to the strategic vision and guidance of the African Association of Automotive Manufacturers (AAAM). A delegation from AAAM, led by Jeff Nemeth, Chairman of AAAM as well as President and CEO of Ford Motor Company Sub-Saharan Africa Region, is currently visiting Nigeria’s capital city, Abuja, to engage with.... Read more »

Posted on : Wednesday , 7th September 2016

Kenya: Businesses to Benefit From E-Govt Project, Says Mucheru

More than 41,000 people working in business processing and outsourcing firms are set to benefit from the ongoing digital infrastructure project by the national government, Information Cabinet Secretary Joe Mucheru has said. Speaking at Kenya School of Government in Kiambu County on Monday, CS Mucheru said more online jobs will be created once all government departments embrace e-government, making information readily available for.... Read more »

Posted on : Wednesday , 7th September 2016

Buckreef Gold Mine Receive USD1.25m Financing for Development

Tanzanian Royalty Exploration Corporation (TSE: TNX; NYSE MKT: TRX) received the first USD1.25m tranche of USD5m financing for mining development at its Buckreef gold mine. The funds will be used by the company to expand its production team necessary to boost development of the Buckreef gold mine in Tanzania. The capital is raised through a private placement of securities with Crede CG III, a wholly-owned subsidiary of Crede Capital.... Read more »

Posted on : Wednesday , 7th September 2016

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