Market News Page No. 52| Africa Business News

Rwanda Launches 188MVA Shango Power Substation at Kigali

The substation is part of the NELSAP Regional Interconnection Project involving Kenya, Uganda, Rwanda, DRC and Burundi. The Rwandan component, at a prediction cost of €111.03 million ($124 million), involves the construction of 286 km of 220kV lines, three substations and the upgrade of two substations. The African Development Fund, part of the African Development Bank Group, contributed €38 million (about 34%) of the total.... Read more »

Posted on : Tuesday , 21st January 2020

Mega Rusumo Hydroelectric Power Project Reaches 59% in Tanzania

The construction of Rusumo Hydroelectric Power Station which creates 80MW reached 59 % in December from 32 % in June last year.This was disclosed by the outgoing chairman of Energy Ministers from Tanzania, Burundi and Rwanda, Tanzanian Minister for Energy, Dr Medard Kalemani, while speaking to the media on the 11th meeting of ministers.He said "After inspection, my fellow energy ministers and I were satisfied with the construction progress,".... Read more »

Posted on : Wednesday , 8th January 2020

Cooperation between Ethiopia and Chinese firms is leaping to boost Ethiopia's construction sector

The cooperation between the Ethiopian Ministry of Urban Development and Construction (MoUDC) and Chinese firms has increased to boost the construction sector of Ethiopia. Ethiopia has put forward a 10-year strategic plan to develop its construction sector, and Chinese construction firms will play a key role in fulfilling the plan said by Aysha Mohammed.She also said that Chinese firms are also keen to help Ethiopia in constructing.... Read more »

Posted on : Tuesday , 7th January 2020

USD 69 million road project in Jimma launched by PM Abiy

Ethiopian Prime Minister Abiy Ahmed has recently launched a USD 69 million road project in Jimma, Oromia region of the country. A Chinese company received the tender to build this road. The original road was built 45 years ago, since then it does deteriorate making the road difficult to utilize. It takes five hours to travel 94 kilometers through this road. This USD 69 million road project will take approximately 4 years to complete,.... Read more »

Posted on : Monday , 6th January 2020

Kenya to promote automotive sector

Kenya plans to endorse local content of the Automotive Sector in order to boost the industrial sector. Director of Industries, Hezekiah Okeyo, with Ministry of Trade, Industry and Cooperatives stated that the vehicle assemblers are presently greatly reliant on imports.During the Enterprise India Expo Okeyo said, we will guarantee that as much as possible the local automotive sector uses parts domestically manufactured in order to enhance.... Read more »

Posted on : Monday , 6th January 2020

IFC Supports Small Companies Take Oil Contracts

International Finance Corporation (IFC) is putting into action a six-year project to support small firms in Kenya win contracts in the oil, gas and other sectors.The funding for the project dubbed Kenya Local Economic Development Project (LED-Kenya) started in September last year but IFC made the announcement this month without indicating the amount it will spend in the initiative.According to IFC the project will run up to June 2023 with a.... Read more »

Posted on : Thursday , 2nd January 2020

Paper Bags Market Have Witnessed A Steady Growth

Over the past couple of years, owing to the demand for convenient and customizable carrier of goods, paper bags market have witnessed a steady growth. Paper bags are fundamental needs of the modern life. Paper bags are usually used as shopping bags and also as big sacks. They are made up of forms of kraft paper. Paper bags provide quality, secures the item encased, and also can be recycled for reuse.Paper bags are.... Read more »

Posted on : Thursday , 2nd January 2020

Laminating Adhesives Market Is Expected To Register A CAGR Of 5.65% During 2019 - 2024

Packaging is one of the key factors considered by the firms engaged in the manufacturing industry. With the growing number of manufacturing units, food processing plants, and increasing industrial production, the global packaging industry is witnessing robust growth. In the last few years, the packaging industry has been experiencing a transition, where the manufacturing and industrial sector has been adapting to flexible.... Read more »

Posted on : Monday , 30th December 2019

USD 156 million Tadjourah-Balho-Mekele road connecting Djibouti and Ethiopia has inaugurated

The highway connecting Djibouti and Ethiopia, namely, Tadjourah-Balho-Mekele road, has been inaugurated recently. Ismail Omar Guelleh, President of Djibouti, Ethiopian minister of transport, and other dignities have attended the ceremony.The total length of the road is 120km, which connects Tadjoura port of Djibouti to the Balho of Ethiopia. The Tadjoura port mainly focuses on general cargo such as sesame, fertilizers, frankincense, grain, and.... Read more »

Posted on : Thursday , 26th December 2019

Germany invests 352.5 million Euros into Ethiopian infrastructural projects

An ambitious project to provide full water, sanitation and electricity access to all the citizens by the year 2025 has been started The Government of Ethiopia. As announced by Sileshi Bekele (PhD), Minister Water Irrigation and Electricity in Addis Ababa, Ethiopia. He said, “We are anticipating full access of water and sanitation by 2025. Urban water and sanitation system need to be taken into account and open defecation free country has to be.... Read more »

Posted on : Monday , 23rd December 2019

China's Sinopec Makes Entry into Kenyan Market with Lubricants

Sinopec, the largest state-owned oil and Gas Company from china, has officially launched its lubricants in Kenya.It is the world's third-largest company, which is listed at the Hong Kong Stock Exchange and trades in Shanghai and New York Stock exchanges.Strategising on penetrating Kenya’s market the chemical producer brought key players during its official launch in November this yearSpeaking during the launch Radisson Blu Hotel in Nairobi,.... Read more »

Posted on : Thursday , 19th December 2019

40% Of Kipevu Oil Terminal Work Completed In Eleven Months

According to Kenya Ports Authority after taking eleven months to work for Construction of the Sh39 billion new Kipevu Oil Terminal (KOT) is 40 % done.The project is being developed by China Communications Construction Company(CCCC), started on February 1, with a timeline of 30 months. It is expected to be ready by August 1, 2021.KPA is the contractor of the new terminal, which will see the current 50-year old Kipevu Oil Terminal moved to a new.... Read more »

Posted on : Thursday , 19th December 2019