Market News Page No. 526| Africa Business News | Afrotrade

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Kenya to adopt e-agriculture services

Kenya's ministry of Agriculture is pushing for the implementation of e-agriculture extension services to enable farmers in rural areas access information on modern production methods and improve productivity as Agriculture remains the most important economic activity in Kenya. The Permanent Secretary in the ministry, Dr Romano Kiome said yesterday that plans were underway to establish information desks in all districts across the country as a.... Read more »

Posted on : Wednesday , 30th July 2014

IFC/World Bank Report : 4 million Kenyans projected to have clean off-lighting by 2015

Lighting Africa will release the findings of the Lighting Africa Market Trends Report – Overview of the Off-Grid Lighting Market in Africa. In Kenya, an estimated 30 million still live without electricity and rely mostly on kerosene for lighting. Given the current market growth of between 94 – 115% for off-grid lighting products, up to four million Kenyans could have access to clean, safe lighting by 2015. The report provides a.... Read more »

Posted on : Tuesday , 29th July 2014

Solar powered LED lighting across Africa

Philips has launched a new initiative, which will see the installation of 100 light centres across rural Africa by 2015. These are areas of about 1,000m2, or the size of a small soccer pitch, which are lit using a new generation of highly efficient solar powered LED lighting. The idea is to create areas of light for rural communities which live without electricity thus effectively extending the day and creating numerous opportunities for.... Read more »

Posted on : Tuesday , 29th July 2014

Liberia and EU sign deal to end 'logs of war'

Liberia and the European Union have signed a deal to prevent illegal timber exports and kickstart the country’s forestry industry. But is it “green” enough? Liberia is home to 45% of the rainforests in West Africa, but for many years its timber industry was rooted in corruption. Former President Charles Taylor, currently on trial for war crimes, was accused of selling “logs of war” to fund his brutal regime,.... Read more »

Posted on : Tuesday , 29th July 2014

Timber projects in Congo Basin pose huge challenges

COUNTRIES of Africa’s Congo Basin would like to grow richer by making and selling products from their abundant supply of timber, but experts see a path strewn with obstacles. A first difficulty is that electrical power for sawmills and factories “is not available, because its production is problematic”, Emmanuel Ze Meka of the International Tropical Timber Organisation says. “There is also a lack of transport.... Read more »

Posted on : Tuesday , 29th July 2014

South Africa enters solar power world top 10

South Africa has now connected more than half a gigawatt of utility-scale solar power, moving into the world top 10 of countries harnessing renewable energy from the sun, according to figures released last month by Wiki-Solar.org. Wiki-Solar is a leading authority on the deployment of utility-scale solar power - photovoltaic (PV) power stations of 5 to 10 megawatts (MW) and above. The United States tops Wiki-Solar's list of the top 10.... Read more »

Posted on : Tuesday , 29th July 2014

Solar computer is a product of Africa

CAPSULE Technologies, a Cape Town-based technology firm, has designed Africa’s first solar-powered desktop computer running on Android. Recognised as a World Design Capital project, the device, called the IMPI Mk1, is highly energy-efficient and can operate on 20W, compared with other desktop computers which can burn an average of 200W to 400W. Capsule Technologies founder Megan Verkuil said on Friday the computer was built in.... Read more »

Posted on : Tuesday , 29th July 2014

Oil find to transform East African economies

East African oil and gas discoveries are poised to fundamentally transform the economies of the region as the fuel resources usher in new investment in road, rail, power and industrial infrastructure, according to Standard Bank. Uganda, Kenya, South Sudan, Ethiopia, Tanzania and Mozambique have emerged as one of the most prolific oil and gas exploration regions in the world over the last 10 years, says Mr Simon Ashby-Rudd, the London-based.... Read more »

Posted on : Tuesday , 29th July 2014

Swala Oil gets Dar es Salaam listing approvals

DAR ES SALAAM, Tanzania - Swala Oil and Gas Tanzania Plc has offered 9.6 million shares to the public following its approval by the Tanzania Capital Markets and Security Authority (CMSA). The listing of Swala makes it the first oil and gas exploration firm to list on the Dar es Salaam Stock Exchange (DSE) in Tanzania. CMSA has approved Swala’s Initial Public Offer Prospectus last week. “This allows Swala to offer to the public.... Read more »

Posted on : Tuesday , 29th July 2014

Chinese give $136m for Tanzania wind bid

DAR ES SALAAM, Tanzania - The Export–Import Bank of China has given Dar a soft loan of Tsh 226.7 billion (about $136million) for the wind power project in the Singida region which would be able to generate 50MW. Speaking during 38th Dar es salaam International Trade FAIR (DITF) in National Development Cooperation pavilion, NDC Head of Chemical Industry, Abdallah Mandwanga said, the project will start to generate 50MW by using wind.... Read more »

Posted on : Tuesday , 29th July 2014

U.S. Firm Secures Africa Power Deal

Nairobi - The country is poised to benefit from Tetra Tech's announcement it had been awarded a $64 million contract to provide technical assistance for the Power Africa Transactions and Reform Programme that the United States Agency for International Development (USAID) is funding to improve power supply in the African continent. Tetra Tech, the United States-headquartered firm, has been awarded the five-year contract to support the Power.... Read more »

Posted on : Tuesday , 29th July 2014

Bank seeks to expand services in Kilimanjaro

UCHUMI Commercial Bank (UCB) Ltd in Kilimanjaro Region has registered a 14.3 per cent profit rise as it targets to raise its capital from 2.5bn/- to 7bn/- by 2017. Speaking at the bank’s annual general meeting during the weekend, Chairman of Board of Directors, Mr Wilson Ndesanjo said that the level of capital will ensure availability of sufficient liquidity for effective lending, cater for expansion of services, meet regulatory.... Read more »

Posted on : Tuesday , 29th July 2014

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