N e w s

Ethiopia, Egypt, Sudan Announce Consent in Applying GERD Principles

The agreement is a step forward towards finalizing and reaching agreement on the nomination of the two consultancy firms.   Ethiopia, Egypt and Sudan announced Tuesday that they have reached consensus to put into practice provisions in the Declaration of Principles regarding the Grand Ethiopian Renaissance Dam (GERD).   The three parties have reached an agreement on the consultancy firms which would conduct the technical studies on.... Read more »

Posted on : Monday , 4th January 2016

Foresight Africa 2016: Free trade agreements and the implications for Africa

The launch of Foresight Africa: Top priorities for the continent in 2016 is on the horizon.  In anticipation of this year’s report, the Africa Growth Initiative team offers the below preview of one of the major topics covered and encourages you to check out the report when it publishes next week.   Much of the world is entering into mega-regional free trade areas (FTAs). Indeed, October 5, 2015 marked the ratification of the.... Read more »

Posted on : Monday , 4th January 2016

Ugandans in Diaspora Asked to Invest More Back at Home

Kampala — Ugandans in the diaspora have been challenged to create private equities and invest in private companies and skills developments instead of keeping their money in banks.   Mr James Aguma, the chief financial officer South African Broadcasting Corporation (SABC), while speaking at the 5th annual diaspora business breakfast at the Kampala Serena Hotel on Tuesday, said: "I see so many Ugandans in the diaspora with lots.... Read more »

Posted on : Monday , 4th January 2016

Africa: Building East Africa Information Expressway to Open a New Chapter of China-Africa Cooperation

The Johannesburg Summit of the Forum on China-Africa Cooperation (FOCAC) was opened on December 4thwhen President Xi Jinping announced to upgrade China-Africa relationship into a comprehensive strategic cooperative partnership, and said that China is willing to implement ten major cooperation initiatives with the African side in the following three years. Such a portfolio has won high recognition of various participating parties and warm.... Read more »

Posted on : Monday , 4th January 2016

Food Giant, Willowton Group to Set Up U.S.$40 Million Plant in Africa

South African company Willowton Group will spend at least $40 million to set up an integrated fast consumer goods plant in Mutare. The group manufacturers a wide range of products which include edible oils, margarines and spreads, toiletries, laundry and bathing soaps, candles, chocolates, and baking and industrial fats.   Some of its popular brands on the local market include Sunfoil cooking oil and D'lite cooking oil.   "The.... Read more »

Posted on : Monday , 4th January 2016

Africa's Automobile Sector to Contribute 4.5 Percent of 2016 Global Sales

Africa's automobile sector may contribute at least 4.5 per cent of 2016 global automobile sales as a result of the country's increased investment in the automobile sector in 2015, which encouraged local production.   This was contained in the review report of the trends in the automobile sector in Nigeria by online vehicle marketplace, Carmudi.com.ng.   According to the report, "In 2015, investment in the automobile industry.... Read more »

Posted on : Monday , 4th January 2016

Tanzania Exports Rise By 9.2 Per Cent On Strong Industrial Manufacturing

 Tanzania's value of exports has increased by 9.2 per cent as manufacturing  improved in the year ending 2015, according to the Bank of Tanzania (BoT).   The exported goods and services reached $9.4 billion, said the latest Monthly Economic Review for November.   Foreign exchange earner increased from $1.98 billion to $2.23 billion during the corresponding period last year.   Manufacturing exports also improved.... Read more »

Posted on : Monday , 4th January 2016

Uganda: Agro-Forestry to Boost Income, Conservation

Farmers in Buikwe, Mukono, Kalangala and Mpigi districts as well as the outlying Buvuma islands are engaging in agroforestry to boost their agricultural production as well as combating climate change.   The initiative, which is a collaboration between World Wide Fund for Nature (WWF) and National Forestry Authority (NFA), will have many farmers simultaneously conserve forests and plant particular trees species for fruits, to aid bee.... Read more »

Posted on : Thursday , 31st December 2015

Eskom Uganda Is Committed to Improving Maternal and Infant Health

Ugandans know Eskom as a reliable partner for generation of electricity which has spurred development and progress in this country.   You know Eskom as people who have for the last 12 years operated and maintained this country's first two hydro power stations, Nalubaale and Kiira, without incident and/or deficiency.   The plant availability for both dams for the period since the start of the concession in 2003 has consistently been.... Read more »

Posted on : Thursday , 31st December 2015

Rwf11 Billion for Nyagatare-Rukomo Road Construction

The Government of Rwanda and Saudi Fund for Development (SFD) yesterday signed a $15 million (approximately Rwf11.2 billion) concessional loan to fund the construction of Nyagatare-Rukomo road.   The 30 year concessional loan will support the construction of a 7 meter wide, 73 kilometer two lane tarmac road between Nyagatare and Rukomo, Claver Gatete, Minister for finance and economic planning said.   He added that the loan comes.... Read more »

Posted on : Thursday , 31st December 2015

Athi River Cement Eyes Sh12.7 Billion Expansion Plan

Cement manufacturer Athi River Mining (ARM) is talking to a strategic investor to support its expansion plans.   The firm, while remaining cagey about what the planned capital injection to the tune of Sh12.7 billion on Monday said, "discussions are still going on and further details of the investment shall be made available to the shareholders of the company and the public in due course."   "ARM Cement Limited is.... Read more »

Posted on : Thursday , 31st December 2015

Ethiopia: Road Construction At Legehar Resumes

Flawed design delayed this project though the first segment of road was completed 10 years ago   A road design which had intended to demolish the historic building at the La Gare train station finally gave way to another design that makes a detour, allowing road construction to resume on December 14, 2015, after a delay of 10 years.   The construction, which is now expected to be completed in three months, initially envisioned the.... Read more »

Posted on : Thursday , 31st December 2015

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