Market News Page No. 54| Africa Business News

Tanzania SGR project's final phase to be financed by China

Foreign Affairs Minister Mr Palamagamba Kabudi declared that Tanzania’s Standard Gauge Railway (SGR) project is going to receive fund from China. He added that the Government of China wanted to support the SGR at the later stage of the project and currently evaluating the project before it engages in further talks. Exim Bank of China proposed its intention to support the SGR in the initial stages, but the proposal was rejected based on.... Read more »

Posted on : Wednesday , 10th July 2019

Tanzania receives a major dam in Lumakali announced by the Government of Tanzania

The government of Tanzania announces the construction of a major dam in Lumakali, Njombe District. Deputy Minister of Energy Mr Subira Mgalu declared the report and states that the authorities are currently involved in reviewing the feasibility study conducted in 1998. The construction of this 388.2m high dam and power centre will produce 222MW of electricity which will be distributed from Lumakali to Mbeya. This project is probably going to.... Read more »

Posted on : Tuesday , 9th July 2019

Kenya to Supply Solar Solutions in Backward Counties

The government of Kenya has started a US$47mn facility under the Kenya-Off-Grid Solar Access Project (KOSAP) to provide viable solar and clean cooking solutions to 1.1mn people in the 14 marginalised counties of West Pokot, Turkana, Marsabit, Samburu, Isiolo, Mandera, Wajir, Garrisa, Tana River, Lamu, Kilifi, Kwale, Taita Taveta and Narok The results-based financing (RBF) and debt facilities under the KOSAP are financed by the World.... Read more »

Posted on : Tuesday , 9th July 2019

3D Printing Poised to Usher in a Period of Rapid Growth in the Kenyan Market

Kenya has long been considered as the innovation hub in Africa.In Kenya today, several businesses provide 3D printing facilities with the nation having an innovative and entrepreneurial spirit.3D printing has been a very sensible and pleasant technology, and if anything that propels it all, it is the Kenyan mentality to offer home-grown alternatives. In this line of thinking, Kenya likes to provide its own alternatives to its own issues and 3D.... Read more »

Posted on : Tuesday , 2nd July 2019

Tanzania Government Launched A Four-Year National Strategic Plan For Ear And Hearing Care

The government of Tanzania launched a four-year national strategic plan for ear and hearing care 2019/23 with a promise to reach the most rural places. Ummy Mwalimu, Minister for Health, Community Development, Gender, Elderly and Children, said, "the government had made outstanding efforts to make sure there was a significant reduction in the number of people with hearing impairment." She said, "this has been.... Read more »

Posted on : Tuesday , 2nd July 2019

UPM Raflatac Introduces New Film Label for the African market, Anticipates Huge Demand

UPM Raflatac are global manufacturers and suppliers of pressure sensitive label materials.Recently the company intoduced their fresh PE 65 film label stock range for the African market along with the European, Middle Eastern and Indian markets.The PE 65 Film Labels are the company's thinnest squeezable films to date in addition to being the thinnest PE label produced for the home and personal care segment. The PE 65 film structures are clear.... Read more »

Posted on : Wednesday , 10th July 2019

Kenya Health Minister Launched A New Vaccine To Protect People Against Meningitis

The Health ministry has launched a new vaccine meant to protect people against meningitis A in five target countries as part of routine immunisation. Meningitis is a bacterial infection of the protective membranes (meninges) that surround the brain and spinal cord. The campaign was launched at Lodwar County Referral Hospital. The ministry said, "it will target an estimated three million people aged between one and 29.... Read more »

Posted on : Tuesday , 2nd July 2019

Tanzania Exports 1 Million tons Of Corn To Kenya

Tanzania is set to sell 1 million tons of corn to neighboring Kenya to provide a helping hand to them from curbed production and caused prices of the grain to soar. A formal request for the sale from Kenya has been received, Tanzania’s state minister for agriculture, Omary Mgumba, said Friday in an emailed statement without giving details of the transaction. He also quoted that tanzania will not only provide corn to kenya but is in the.... Read more »

Posted on : Monday , 1st July 2019

Kenya Welcomes Novozymes, A Denmark Based Global Biotechnology Company

Novozymes, a Denmark based global biotechnology company, has opened a regional office in Nairobi, Kenya as it seeks to broaden its presence in East Africa. Novozymes is a global market leader in biological solutions, producing industrial enzymes and microorganisms to food industry among other sectors. The regional office will initially supply solutions to the brewing and baking industry and allow the company to meet customer and consumer.... Read more »

Posted on : Saturday , 29th June 2019

Haneti Nickel Project increases scope following positive targets

The well known Aim-listed Katoro Gold’s 75%-owned Haneti nickel project, in Tanzania, has acknowledged that there may be a large chonolith-type nickel sulphide deposit. The company has included plans to for a fully funded drilling programme at the two key targets, Mihanza Hill and Mwaka Hill, where it hopes to determine the existence of disseminated or massive sulphide mineralisation. This will define a future larger drilling.... Read more »

Posted on : Thursday , 27th June 2019

WILO EAST AFRICA LTD AT 22ND BUILDEXPO KENYA 2019

The Wilo Group is one of the world’s leading premium suppliers of pumps and pump systems for building services, water management, and the industrial sector. As the world physically revolves around its orbit so are the people living in it! We are all progressively revolving into a more digital space, some parts of the world moving faster than others but the goal remains the same, to improve our efficiency and productivity by leveraging on.... Read more »

Posted on : Tuesday , 25th June 2019

MINEXPO ENTERS KENYA FOR THE 5TH EDITION AT KICC NAIROBI

04 - 06 July 2019 | Kenyatta International Convention Centre | Nairobi | Kenya Dated: 10th June, 2019 After consecutive successes the 5th MINEXPO AFRICA is back from the 04th – 06th July 2019 at KICC, Nairobi in Kenya. Held concurrently with the 22nd Buildexpo 2019, the event shares the stage, opening up to greater number of visitors from a wide industry base. Africa's largest International Trade Exhibition brings together domestic and.... Read more »

Posted on : Tuesday , 25th June 2019