Market News Page No. 338| Africa Business News | Afrotrade

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Tanzania: gas processing plant to �transform economy�

In East Africa, energy and minerals minister, Professor Sospeter Muhongo, has assured Tanzanians to get ready for the country’s economic transformation. Muhongo said the transformation is set to come about through the planned construction of a gas processing plant in the Lindi Region. According to Tanzania Daily News, the minister revealed that for this project, government intends to invest about $30 billion. Gas.... Read more »

Posted on : Monday , 8th August 2016

Africa Is the World's New Growth Narrative

A strong message came from the recent investment summit in Beijing where African companies signed deals worth billions of dollars with Chinese financing agencies, suppliers, and other development partners. These deals may be brushed off by European and American investors as a desperate catch-up effort by the Chinese since the First World economies still remain the biggest investors in Africa, but I believe there is much more to.... Read more »

Posted on : Monday , 8th August 2016

Rwanda: Mauritian Investors to Construct Sugar Factory in Eastern Provice

The Government has given investors from Mauritius the green light to set up a sugar processing factory in the country. The agreement will see the investors construct a factory with capacity to produce 100,000 tonnes of sugar per year. According to the Government, this will help realise efforts for the economy to be self-reliant in terms of sugar production by 2020. The current sugar production in the country is.... Read more »

Posted on : Monday , 8th August 2016

Tanzania: Tigo Tanzania Showcases Innovative Services At the Gsma M360 Conference

Tigo has outlined its strategic priorities that are meant to drive the company's long-term social investment objectives. Speaking at the just-ended Global System Mobile Association (GSMA) Mobile 360-Africa Conference held on 26th-28th July 2016 at the Julius Nyerere International Conference Centre in Dar es Salaam, Tigo General Manager, Diego Gutierrez cited the telecom's core social priorities as digital inclusion, education and business.... Read more »

Posted on : Monday , 8th August 2016

Kenya: Small-Scale Farmers From Eastern Kenya Support Coffee Task Force Report

Small-scale farmers from the former Eastern province have supported the recommendations of the Task force on Coffee Sub-Sector Reforms saying their implementation will help boost earnings and improve crop production. The farmers appealed to Agriculture Cabinet Secretary Willy Bett to hold a nationwide grassroots sensitisation campaign to explain the benefits they stand to get from the findings, so as to convince those opposed to.... Read more »

Posted on : Monday , 8th August 2016

Kenya: Insurance Firms Eye Sh5.6 Billion Medical Cover for Teachers

The lucrative multi-billion-shilling tender to provide medical cover to 298,000 teachers in Kenya has attracted bids from three insurance companies. Liaison Insurance, AoN Kenya and Clarkson Insurance are eyeing the annual medical cover worth Sh5.6 billion. The contract will be for three years, unlike previously when it was annual. The trio has quoted between Sh14.7 billion and Sh17.7 billion for the three-year.... Read more »

Posted on : Monday , 8th August 2016

Opportunities abound in Africa top business leaders say

More than 250 participants convened yesterday for the annual Unstuck Leadership Conference, an event that brings together marketplace leaders to network. The attendants were drawn from the crème de la crème of the Kenyan business community, consisting of captains of industry, entrepreneurs and senior executives. The one-day conference at Radisson Blu entailed leadership presentations and insights, group discussions, speed coaching.... Read more »

Posted on : Monday , 8th August 2016

Tanzanian small-scale miners to get $3m in grants

Tanzania has set aside $3 million in grants to small-scale miners, in a plan that seeks to develop the sector and boost revenue collection. The World Bank will be funding the programme, which targets different groups of artisan miners, with women’s groups being allocated 30 per cent of the total fund. Minister for Minerals and Energy Sospeter Muhongo said that empowering artisanal miners would boost the economy.... Read more »

Posted on : Monday , 8th August 2016

East Africa: Dar es Salaam to Become Regional Hub for Commodity Market

Tanzania Commodity Exchange (TCX) is set to make Tanzania a hub for commodity trading in East African region that will involve setting up exchange associations and fostering relationships with International agencies. Commodity Exchanges integrates functioning of several key components of agriculture trade namely farmers, traders to services like Warehouse and Warehouse receipt system. It brings in standardization of quality and allows.... Read more »

Posted on : Saturday , 6th August 2016

Tanzania: Tarime Council Plans Dams for Irrigation

Tarime — Tarime District Council plans to construct dams for irrigation farming and livestock keeping in villages surrounding North Mara Gold Mine. The council says the projects will enable villagers to have alternative sources of incomes. "The aim of the council is to improve livestock and farming sectors by putting in place infrastructure like dams for livestock keeping and irrigation farming, " the.... Read more »

Posted on : Saturday , 6th August 2016

Tanzania�s $3.5b oil pipeline from Uganda to finish in 2020

Tanzania plans to complete construction of a crude oil pipeline from Uganda in 2020 at an estimated cost of $3.5 billion, its energy ministry said on Monday. Uganda said in April it would build a pipeline, to ship out crude from its fields in the Albertine rift basin, through Tanzania rather than Kenya, which had wanted to secure the export route. Picking a route is vital for oil firms to make final investment decisions.... Read more »

Posted on : Saturday , 6th August 2016

Tanzania banks on commodity market to boost farmers� earnings

Tanzania is counting on the Tanzania Commodity Exchange to boost farmers’ earnings and facilitate market exchange at a time when price fluctuations have taken a toll on farmers’ proceeds. The commodity exchange which is also expected to foster relationships with international agencies integrates functioning of several key components of agriculture trade namely farmers, traders to services like Warehouse and Warehouse.... Read more »

Posted on : Saturday , 6th August 2016

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