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

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Forestry�s industrial revolution has job-creation potential

At a recent media briefing, Minister in the Presidency Jeff Radebe stuck to his guns and refused to revise the gross domestic product (GDP) growth targets of 5.4 percent set out in the National Development Plan (NDP), despite the backdrop of stagnant economic growth since the 2008 financial crisis. As players in South Africa’s forestry industry, we have been asking ourselves the question: what is our contribution to the NDP and.... Read more »

Posted on : Thursday , 25th August 2016

Kenyan Incubator Sote Hub invests in 3D printing start-up Re-Decor

For the past couple of years, Kenya’s Sote Hub has been cultivating a creative atmosphere of innovation amongst the younger community in the rural county of Taita Taveta. Specifically targeting high school students and recent graduates who’ve yet to enter the white collar workforce, Sote Hub is working to encourage younger generations to take more creative, entrepreneurial routes in their careers. According to a recent profile.... Read more »

Posted on : Thursday , 25th August 2016

Government of Kenya signs Joint Venture deal with De La Rue

The Government of Kenya has today signed an agreement to commence a joint venture with De La Rue. Under the terms of the agreement, the Government of Kenya will take a 40% interest in De La Rue’s wholly owned subsidiary, De La Rue Kenya EPZ Limited for GBP£5million. The transaction is expected to complete by the end of the year. De La Rue will continue to operate and manage the business after the.... Read more »

Posted on : Thursday , 25th August 2016

Car makers flag SA as base for drive into Africa

JOHANNESBURG - The global automotive industry produced more than 91-million vehicles in 2015, 1.1% up from 2014. Of that number, Africa accounted for 960,527 units, with SA producing the bulk of these at 615,658. In 2016, Ford announced a R2.4bn investment in SA to build its Everest sports utility vehicle (SUV). BMW is spending R6bn to switch production at Rosslyn from the 3 Series to the X3 in 2018. Chinese car maker.... Read more »

Posted on : Thursday , 25th August 2016

A solar-powered computer lab bridges digital divide

An ordinary bus-turned computer lab is boosting digital literacy among thousands of youths in Nairobi’s slums. Inside the bus used by Craft Silicon Foundation as a classroom for computer classes in Kawangware, Nairobi. The vehicle had its interior customised, its seats removed and replaced with 64 chairs and 32 reading tables. Each table has a computer desktop, modifications that have turned the ordinary bus into a typical.... Read more »

Posted on : Thursday , 25th August 2016

Dadaab power station to spur Garissa growth

Energy CS Charles Keter yesterday commissioned the Dadaab power station. It will provide electricity to more than 200,000 people have electricity connection under the Rural Electrification Programme.The project is co-funded by UNHCR and the Kenyan government for Sh200 million. Dadaab and neighbouring public primary schools will have electricity next month, Keter said. The CS said his ministry will extend power connections to.... Read more »

Posted on : Thursday , 25th August 2016

US firm Cummins starts 12MW Baringo power production in October

American engineering firm Cummins Inc has set October as the date to begin generating electricity from a toxic shrub popularly referred to as ‘Mathenge,’ after more than two years of false starts blamed on mechanical hitches. The Columbus-based company said it is working to rectify the technical snags that have dogged the 12-megwatt Mathenge power plant in Marigat, Baringo County, which was due to begin feeding the.... Read more »

Posted on : Thursday , 25th August 2016

Ethiopia cements economic ties with Turkey with $13.5 million salt manufacturing plant

An Ethiopian- Turkish deal that mulled creation of a salt manufacturing industry has come to fruition with the establishment of a $13.5 million plant covering 50,000 square meters at the Afar regional state in Northern Ethiopia. Currently, the manufacturing company has the capacity to create more than 300 job opportunities. This figure will reach 8,000 when the company becomes operational at its full capacity. The company.... Read more »

Posted on : Thursday , 25th August 2016

Ethiopia: East Africa Metals Requests Gold Mining License

East African Metals, a Canadian mine development company with an interest in exploration projects, has requested a license from the Ministry of Mines, Petroleum & Natural Gas, to start the large scale extraction of gold and silver in Ethiopia. The company has submitted its application to produce the minerals, in Tigray regional state, Terakimti locality. The company has been active in the exploration of gold in.... Read more »

Posted on : Thursday , 25th August 2016

Tanzania: Netherlands Reaffirms Food Security Support to Dar

The Netherlands has affirmed that it would continue focusing on providing Tanzania with knowledge and skills on priority sector of agriculture and food security in helping the country's transformation. Deputy Head of Mission, Ms Hinke Nauta, said in Dar es Salaam recently that the agriculture and food security gained more attention because the Netherlands and Tanzania have longstanding cooperation on the sector. She noted.... Read more »

Posted on : Thursday , 25th August 2016

Tanzania: Increase Funding to Farming, Govt Urged

Lusaka — A researcher has called upon the Tanzania government to increase its funding for agriculture as a way of driving the country's industrialisation agenda. Agriculture, will furnish the manufacturing sector with the needed raw materials as the country seeks to become a middle income and semi-industrialised country by 2025, according to the coordinator for the department of rural economy and agriculture for the.... Read more »

Posted on : Thursday , 25th August 2016

Kenya is set to train Liberian health workers in specialized health services

Kenya will offer training opportunities in specialized health services to Liberia, Health Cabinet Secretary, Dr. Cleopa Mailu has said. The CS said Kenya will increase Liberia’s capacities by training health workers in institutions of higher learning in the field of radiology, epidemiology, laboratory and anesthesia. The CS made the remarks when he held bilateral talks with Liberian Minister for Health, Dr. Bernice.... Read more »

Posted on : Thursday , 25th August 2016

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