Market News Page No. 339| Africa Business News | Afrotrade

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Zimasco Signs U.S.$12 Million Lease Agreement

At full throttle, Portnex International is expected to process 240 000 tonnes of raw chrome per annum which translates to 100 000 tonnes of ferrochrome over the same period. The country's biggest ferrochrome smelter and miner, Zimbabwe Mining and Smelting Company (Zimasco) has signed a $12 million lease agreement with South African based firm, Portnex International to operate its furnaces. The five-year lease agreement has breathed life.... Read more »

Posted on : Saturday , 19th December 2015

New Ice Plants for Seychelles Blue Economy

Victoria — Fishermen in the Seychelles will soon benefit from an increase in the production of ice. The Seychelles Fishing Authority (SFA) has purchased two new German-made ice plants, with each able to produce 10 tons of ice per day. The investment nearly doubles the ice production capacity in the country to 47 tons per day, officials say. Seychelles, an island nation in the western Indian Ocean, has experienced.... Read more »

Posted on : Saturday , 19th December 2015

Namibian Grapes Shipped to Netherlands

Lüderitz — The first consignment of export-quality grapes from Namibia were on Wednesday shipped to the Netherlands through the Port of Lüderitz. The grapes trans-shipped through Lüderitz are produced at Aussenkehr. Since grape farming started at Aussenkehr, Namibian grapes have been exported to the Port of Rotterdam in the Netherlands via Cape Town in South Africa. Agro-Marketing and Trade Agency (AMTA).... Read more »

Posted on : Saturday , 19th December 2015

Construction industry in Africa continues to Embrace Innovation

A recent report by Deloitte shows that for African construction industry to grow all firms have no option but to remain innovative so that they can be able to remain on top of the construction game in Africa. Evidence has shown that innovative businesses are twice as likely to report increased productivity compared with businesses that don’t innovate. In order to succeed the construction sector needs to have a much.... Read more »

Posted on : Saturday , 19th December 2015

Trending towards LED lighting in Kenya

With the increasing need for lighting solutions in the country, a consensus is now being reached on the need to have environmentally safe lighting products Since time immemorial man has devised ways of ensuring that he has light during the night to enable him continue with his activities uninterrupted. But the lighting system then was mediocre compared to what we have in our times today. It was common to see households with oil.... Read more »

Posted on : Saturday , 19th December 2015

East Africa: KFAED signs US$15mn agreement for road development

The Rwandan government and the Kuwait Fund for Arab Economic Development (KFAED) have signed a US$15mn concessional loan to support the construction of the Nyagatare-Rukomo road project in Rwanda roadconstruction klinkow pixabayRwanda, which is a landlocked nation, is in dire need of good roads to improve intra and inter-country connectivity. The project entails a seven metre-wide and 73 kilometre-long two-lane tarmac road between.... Read more »

Posted on : Saturday , 19th December 2015

Aspiring to Make Ethiopia a Manufacturing Hub

Quality is not only Ethiopia's challenge of course but also it has been depicted in other developing nations too. African nations need to address trade related challenges, strengthen compliance related infrastructures and facilitate cross-border flows of goods and services to be become competitive in the markets. They have to build National Quality Infrastructure (NQI) programme to enable each of the local NQI institutions to match with their.... Read more »

Posted on : Friday , 18th December 2015

China Pledges Support to Accra Compost and Recycling Plant

The Chines government has pledged to offer assistance to the management of the Accra Compost and Recycling Plant (ACARP) to ensure efficient management of liquid waste in the country. Addressing journalists after a tour of the Accra Compost and Recycling Plant at Adjen Kotoko in Accra on Tuesday, the Chinese Ambassador to Ghana, H.E. Sun Baohong was inspired by the progress of work and pledged to support the company's.... Read more »

Posted on : Friday , 18th December 2015

U.S.$40 Million Fund to Turn Around Fortunes of Rwanda Mining Sector

The Rwanda mining sector is set to benefit from a $40 million credit guarantee fund. The fund is to stimulate lending to the mining sector by reassuring lenders that in the event of default, part of the fund will meet the loss incurred. Mining is the second export revenue earner in Rwanda, employing about 30,000 people. However, investors in the sector complain about lack of credit which has stall investments in the.... Read more »

Posted on : Friday , 18th December 2015

Angola Strengthen Cooperation With China in Mining Sector

Luanda — The Angolan Minister of Geology and Mining, Francisco Queiroz, met Tuesday in Beijing with his Chinese Counterpart, Jiang Daming with whom he discussed issues linked to strengthening of cooperation between the two countries in Geology and Mining domain. According to a press release from Angolan Embassy to China that reached Angop Tuesday, besides the meeting with his counterpart, the Angolan official met also with.... Read more »

Posted on : Friday , 18th December 2015

Zambia: Govt Collects K10 Billion From Mines

Government's collection from the mining industry in 2014 increased to K9.92 billion from K8.2 billion the previous year, with Kansanshi Mining Plc contributing the largest percentage. The increase of K1.72 billion represents about 21 per cent to Government's revenue. This is according to the 7th Extractive Industries Transparency Initiative (EITI) report of 2014, which was launched in Lusaka on Tuesday, by Mines Minister.... Read more »

Posted on : Friday , 18th December 2015

BoI lends financial support to African manufacturing sector

Bank of Industry (BoI) is allocating funds to deploy smart technology in manufacturing processes that can improve productivity and enhance growth factory pixabay pashminuBoI is keen to support manufacturing processes in becoming “smarter” and efficient. BoI managing director Rasheed Olaoluwa has reaffirmed the organisation’s commitment to boost the manufacturing sector through its line of credit and sector-defined.... Read more »

Posted on : Friday , 18th December 2015

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