Market News Page No. 311| Africa Business News | Afrotrade

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Tanzania: Maiden Arusha Tanzanite Auction Generates 7 Billion/-

Tanzanite gemstones worth over 3.3 million US dollars (over 7bn/-) were sold during the maiden mineral auction here over the weekend as Manyara region starts the process to build mineral export processing zone at Mirerani. "We have already secured a vast plot onto which the Tanzanite EPZ will be established, with all polishing, processing and branding done before exporting the gemstones," said Manyara Regional Commissioner.... Read more »

Posted on : Thursday , 18th August 2016

Kenya to Export Oil By June, 2017

Kenya's plans of joining the oil exporting league moved one step forward on Thursday when the Cabinet approved a commercialisation plan by the Ministry of Energy. The country now hopes to start exporting 4,000 barrels of crude oil daily by June next year, but the initial plan is 2,000 barrels. The crude will be transported by road from the Lokichar basin oil fields to Eldoret, from where it will be loaded onto a train or.... Read more »

Posted on : Thursday , 18th August 2016

Kenya: Government Investment in Agriculture Bearing Fruit, Says CS Bett

The Jubilee Government's heavy investment in agriculture is now bearing fruit, Agriculture Cabinet Secretary Willy Bett said earlier today. Speaking this morning during the Agricultural Summit held at State House Nairobi, the Cabinet Secretary said since 2013 the Government had spent more than KSh 25.6 billion on the fertiliser subsidy programme. The programme now reaches 1.5 million farmers every planting season and the.... Read more »

Posted on : Thursday , 18th August 2016

Ethiopia: Technological Innovation for Better Agricultural Yields

Understandably Ethiopia's agriculture is characterized by subsistence and rain-fed farming and as such when it faces extreme weather conditions, the situation could make a turn for the worse. On the other hand, feeding the ever growing population is a challenge. Thus bolstering the sector with technology is a necessity than an option. According to experts, technologies could be imported from outside or developed from.... Read more »

Posted on : Thursday , 18th August 2016

Tanzania: After Dart Port Clean-Up, Time to Boost Railways

Dar es Salaam Port was one of the immediate points of focus by the new John Magufuli government and it was not hard to see why. This facility is, in all intents and purposes, Tanzania Treasury's cash-cow which, whenever it suffered a crash, the revenue collection targets suffered a great deal. Two surprise visits at the Port by the Prime Minister soon after inauguration of the JPM government resulted into measures that turned around.... Read more »

Posted on : Thursday , 18th August 2016

Tanzania: More Rural Areas to Access Power Than Urban Ones By 2020

Handeni — Energy and Minerals Minister, Professor Sospeter Muhongo, has said Tanzania is going to book a place in modern African history within five years of the Fifth Phase Government, as more rural dwellers will be able to access electricity than their urban counterparts. He said through the rural electrification programme being carried out by the Rural Electrification Agency (REA), there will be more power users in the.... Read more »

Posted on : Thursday , 18th August 2016

China seeks to strengthen trade ties with Kenya

Chinese ambassador to Kenya Liu Xianfa wants Kenya to commit itself more to the current mutual co-operation between the two countries. In a forum held in Mombasa last Friday dubbed 'China-Africa Media and Think-Tank Symposium', Mr Xianfa reminded the country that bilateral trade volume between Kenya and China has hit $6 billion (Sh600 billion). This is twice as much as that of 2013. "It would therefore suffice to say China has.... Read more »

Posted on : Thursday , 18th August 2016

Kenya and Dutch working to strengthen use of health IT for better patient care

The Cabinet Secretary for Health Dr. Cleopa Mailu today held bilateral talks with the Dutch Ambassador Fran’s Makken to cultivate the use of Health Information Technology tools to improve the quality and efficiency of the delivery of health care in the country. The Ambassador was accompanied by Mr. Alec C. Behrens, CEO of MDLinking the innovators of Virtual Reality experience for Doctors using a mobile based platform to provide.... Read more »

Posted on : Thursday , 18th August 2016

Govt. launches committee to eliminate rabies by 2030

A national committee to spearhead the elimination of mediated rabies in Kenya by the year 2030 has been launched. The Director of Medical services, Dr. Jackson Kioko launched the 10 member National Rabies Elimination Coordination committee today to implement the National Rabies Elimination Strategy of 2014 to enable the country to eradicate rabies. A KES 1.15 billion pilot phase has been launched in Makueni, Machakos, Kitui,.... Read more »

Posted on : Thursday , 18th August 2016

Tanzania, WB sign $200m electricity deal

Tanzania. The government of Tanzania and the World Bank yesterday signed a Memorandum of Understanding (MoU) in which the latter will provide $209 million (about Tz Shs456 billion) for the implementation of six-year rural electrification expansion programme. The six-year project will also be financed by other development partners including Norway who will offer $80 million, Sweden ($70 million), European Union ($50 million),.... Read more »

Posted on : Thursday , 18th August 2016

Tanzania: World Bank Defends Award of Sh14 Billion Tender

Dar es Salaam — The World Bank (WB) has defended the awarding of a Sh14 billion tender that was recently termed illegal by Public Procurement Appeals Authority (PPAA). Through a loan agreement, the WB is funding a project for designing, supplying, installation and commissioning of Integrated Land Management Information Systems (ILMIS) which is under the supervision of the Prime Minister's Office (PMO) through its Project.... Read more »

Posted on : Thursday , 18th August 2016

Africa: It Is Good That Tazara Is Making Profit Again

We are so much delighted to share with our readers the good news from Lusaka, Zambia about the Tanzania-Zambia Railway Authority (TAZARA), which made 13.50 million US dollar profit in the 2015/2016 financial year as it makes steady progress towards fulfilling its great potential. It has attributed the profit to improved business resulting from increased haulage from 87,000 metric tons of freight in the 2014/2015 financial year to.... Read more »

Posted on : Thursday , 18th August 2016

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