Market News Page No. 314| Africa Business News | Afrotrade

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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

To Compete Globally, South Africa Makes 3D Printing A Government Strategy

South Africa’s public and private sectors are stepping up investment in 3D printing technology as the country seeks to identify future markets and products that will allow it to compete globally. South Africa has invested $24.75 million of public funds since 2014 on 3D printing research and development, according to a report in 3D-ers. The government’s Additive Manufacturing Strategy is part of South Africa’s.... Read more »

Posted on : Tuesday , 30th August 2016

SA�s SolarCap brings efficiency, aesthetics to solar roofing

South African startup SolarCap has developed an innovative solar water pre-heating and electricity generation concept that brings both efficiency and aesthetics to solar roofing. SolarCap has developed a solar water pre-heating system that blends in perfectly with any new or existing roof yet is significantly cheaper than solar geyser systems currently available on the market. Co-founder Roy Patterson told Disrupt Africa.... Read more »

Posted on : Tuesday , 30th August 2016

CS Health calls for paradigm shift in health governance to fight NCDs

Health Cabinet Secretary, Dr. Cleopa Mailu has called for a paradigm shift in health governance, systems and financing to contain the rising cases of non-communicable diseases (NCDs) within the African Continent. The CS disclosed that NCDs such as hypertension, diabetes, and cancers, have led to increased deaths and it is imperative for Africa to foster joint partnerships towards resilient and sustainable health systems for quality.... Read more »

Posted on : Tuesday , 30th August 2016

Japan Chooses AfDB to Implement Bold New Infrastructure Plan for Africa

Visiting Japanese Prime Minister Shinzo Abe has announced a bold new African infrastructure plan worth US $10 billion over the next three years to be implemented by the African Development Bank (AfDB), raising the stature of the Abidjan-based financial institution in achieving Africa's development. The infrastructure investment package announced by the Japanese Prime Minister will focus on modernizing electricity, power and urban.... Read more »

Posted on : Tuesday , 30th August 2016

Epanko Graphite Project Undergo Studies for 50% Production Expansion

Australian graphite developer Kibaran Resources (ASX:KNL) announced that it has started studies on expanding the production capacity of its Epanko Graphite Project in Tanzania, by 50%. The studies will focus on increasing Epanko’s capacity from 40,000 tons per annum (tpa) of graphite concentrate to 60,000tpa. Kibaran decided to start the expansion studies after securing binding agreements covering all of the project’s.... Read more »

Posted on : Tuesday , 30th August 2016

Tanzania LNG Plant Production to Last 40+ Years

After completing the construction of Tanzania’s Liquefied Natural Gas (LNG) plant in Lindi, production is expected to continue for at least 40 years. The announcement was made by Oystein Michelse, Statoil Country Representative, during talks with Tanzania’s President John Magufuli on August 22nd 2016. Michelse noted that the Norwegian Government has committed to implementing the project for the benefit of both sides and urged.... Read more »

Posted on : Tuesday , 30th August 2016

Ethiopia: Chinese Company to Commence Luxury Apartments Building

A Chinese company, Heng Yang Investment, has launched the construction of Hongtu, a 54-storey luxury apartment, in the Lafto District of Addis Abeba. The construction will be undertaken by a Chinese construction firm, Hongtu Real Estate. Covering a total area of 1272sqm, each apartment will be 88 to 173sqm, with a double lift design, 54 parking spaces, one supermarket and other high quality living facilities - gym, sauna and massage.... Read more »

Posted on : Tuesday , 30th August 2016

Renewable energy project to connect 77,000 rural homes

Government efforts aimed at increasing supply of clean energy to power its green growth ambitions have gotten a boost, thanks to a new off-grid renewable energy support programme. Scaling up Off-Grid Energy in Rwanda (SOGER) aims to grow sustainable off-grid renewable energy markets by supporting private sector companies to deliver energy access to 77,000 people in poor rural areas, Herbert Nyaga, the country manager of Energy 4.... Read more »

Posted on : Tuesday , 30th August 2016

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