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

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Egyptian Samcrete�s IDG studies developing industrial zones in KSA, Ethiopia

Industrial Development Group (IDG), the industrial arm of Egypt-based construction firm Samcrete, is studying developing major industrial zones in Ethiopia and Saudi Arabia. The move will be part of IDG’s strategy to expand businesses abroad. Sameh Attia, IDG’s managing director, said his firm is currently conducting studies on offers received from a number of investors to develop major industrial zones in Ethiopia and.... Read more »

Posted on : Wednesday , 31st August 2016

DR Congo ready for talks on Lake Tanganyika oil and gas prospects

Tanzania has said the government of the Democratic Republic of Congo has agreed to talks with four countries sharing the Lake Tanganyika to discuss ways of extracting natural gas and oil in the lake. Experts have warned that the lack of demarcated boundaries between countries sharing the lake could lead to disputes. It is understood that Tanzania and DR Congo have been at loggerheads over the proposal for the two.... Read more »

Posted on : Wednesday , 31st August 2016

Dream safari in the heart of Tanzania

Dar es Salaam - Set in the Selous Game Reserve, the largest in Africa, Azura Selous offers more than just your average safari. Previously consisting of just 11 luxury tents, each with private plunge pools overlooking the Ruaha River rapids, Azura has just launched Villa Twiga. It offers more privacy, a lot more opulence and additional outdoor areas, in comparison to the other tented villas, for guests to truly immerse.... Read more »

Posted on : Tuesday , 30th August 2016

Africa Off Grid Solar Lighting Market worth $1.4bn by 2024

Africa Off Grid Solar Lighting Market size is expected to reach USD 1.41 billion by 2024; according to a new research report by Global Market Insights, Inc. SLS, SHS and LSHS are key products prevalent in the industry. Solar lantern system was largest product segment followed by SHS. The SHS Africa off grid solar lighting market size was over 3 million units in 2015. The market is categorized on application basis as residential,.... Read more »

Posted on : Tuesday , 30th August 2016

Kenya sets Ksh 3B for compiling geological map

The Ministry of Mining has received Ksh 3 billion from the government to compile a new geological map detailing available pockets of minerals and their quantities. Only 4 per cent of Kenya’s minerals have been located and mined, according to official estimates from the ministry, prompting the need for a clear study to inform prospective investments. The Ministry, through ‘Project Tai’, will identify.... Read more »

Posted on : Tuesday , 30th August 2016

Kenya: Japan and Kenya Sign Sh27.3 Billion Deal to Build Dongo Kundu Hub

Kenya has secured Sh27.3 billion from Japan to construct an industrial and commercial hub in Dongo Kundu, Mombasa. The first phase of the Special Economic Zone (SEZ), which is expected to alter the coastal town in terms of infrastructure and business, is scheduled to be ready by 2019. An agreement signed by the governments of Kenya and Japan on the sidelines of the Tokyo International Convention on Africa Development.... Read more »

Posted on : Tuesday , 30th August 2016

Tanzania: Government Committed to Support SMEs

The government has officially launched entrepreneurship and competitive centre pledging to create conducive environment for entrepreneurs to thrive in business and stimulate economic activities as well as helping to create jobs and trade opportunities. This was said in Dar es Salaam at the weekend by the Minister of State, Prime Minister's Office responsible for Policy, Parliament, Labour, Employment and People with Disabilities,.... Read more »

Posted on : Tuesday , 30th August 2016

Tanzania: Private Sector Seen As Big Cog for Industrial Growth

The Prime Minister, Mr Kassim Majaliwa, has called on the private sector to support the government's quest for an industrial economy, insisting that their contribution was vital towards realising the government's dream. "We need to work together so that our national development agenda can be achieved. This collaboration will surely bring an economic revolution as well as helping our communities to prosper," he.... Read more »

Posted on : Tuesday , 30th August 2016

Tanzania: Council Releases Sh15.7 Millon to Empower Women and Youth

Korogwe — Loans amounting to Sh15.7 million have been issued to income-generating groups run by women and youth in the district. The funds are an accumulation of internal revenues generated by the local authorities between July and August this year said district executive director Jumanne Shauri while handing over cheques to the beneficiaries over the weekend. During 2016/17 fiscal year the council has projected to.... Read more »

Posted on : Tuesday , 30th August 2016

Tanzania: Kibaha's Malaria Biological Pesticide Plant Gets 4 Billion/ - Capital Boost

The National Social Security Fund (NSSF) has advanced a loan of 2.1 million US dollar (over 4.0bn/-) to the Tanzania Biotech Product in Kibaha, Coast Region. NSSF Director General Prof Godius Kahyarara said the fund offered the loan after taking into consideration number key issues to determine project's worthiness and payback. "We normally consider a number of criteria, including profitability of the projects, their.... Read more »

Posted on : Tuesday , 30th August 2016

R11bn invested in SA auto industry

Pretoria Minister of Trade and Industry Rob Davies on Friday announced the biggest automotive investment in Africa in the last 40 years. As part of the investment, the Coega Industrial Development Zone will get a record R11-billion upgrade from the Beijing Automobile International Corporation (BAIC). The Coega Development Corporation signed a deal with BAIC for a completely knocked down automotive manufacturing plant in.... Read more »

Posted on : Tuesday , 30th August 2016

China Auto Company Investing $819M in South Africa Plant

Beijing Automotive International Corp. (BAIC) signed an agreement to build a new automobile manufacturing facility in a Port Elizabeth, South Africa industrial development, multiple news outlets reported. The move by the Chinese state-owned auto maker represents the largest investment in the African continent’s automotive sector in four decades, a CNBC Africa report noted. “The size of this investment.... Read more »

Posted on : Tuesday , 30th August 2016

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