Market News Page No. 557| Africa Business News

Africa's economy growing; U.S. wants to bolster partnerships

They export BMWs and birdseed and plenty in between. Their middle class is growing fast enough to draw the likes of Marriott and Walmart. China, Europe, Japan and the U.S. are vying to build roads and power plants there. No longer is sub-Saharan Africa - long a symbol of war, famine and corruption - an economic basket case. Six of the world’s fastest-growing economies are there. Higher oil prices, richer consumers and sounder.... Read more »

Posted on : Wednesday , 6th August 2014

Coca-Cola To Invest $5 Billion In Africa To Unlock Growth Potential

The Coca-Cola Company (KO), along with its bottling partners, will invest $5 billion in Africa over the next six years. This will bring Coca-Cola’s total investment in the continent to $17 billion –from 2010 to 2020-. The latest announcement was made in the US-Africa Leaders’ Summit. The investment will be used to fund new manufacturing lines, cooling and distribution equipment, and will also be used to improve production.... Read more »

Posted on : Wednesday , 6th August 2014

Africa Oil, Tullow likely to seek partner for Kenya oil fields

Canadian explorer Africa Oil Corp. and its partner Tullow Oil are likely to bring in a third partner to help develop their oil discoveries in northern Kenya, Africa Oil’s chief executive officer said. The firms discovered oil reserves in Block 13 T and Block 10 BB in northern Kenya’s South Lokichar Basin, estimated at a combined 600 million barrels. Experts say those reserves are enough to make a pipeline viable even without.... Read more »

Posted on : Wednesday , 6th August 2014

Specialized Power Systems at Power & Energy Expo Kenya

Specialized Power Systems Kenya, a major distributor of power and energy products represented IREM SpA, a reputed Italian manufacturer of electrodynamic and electronic voltage regulators and line conditioners in indoor and outdoor version with power ratings from 1 up to 3300 kVA. IREM products are exported world-wide and are highly appreciated in those applications where quality, reliability and sturdiness are irremissible, like e.g..... Read more »

Posted on : Tuesday , 5th August 2014

Shandong Kerui Petroleum eyes the Kenyan market

China’s Kerui Group which specializes in trading, oil exploration development and renowned as the key manufacturer and supplier of heavy duty equipment extensively used in petroleum exploration and delivery is eying Kenya as the next base of its operations for the East African region. The company already has a presence in 49 subsidiary offices is already present in a number of African states including its largest market.... Read more »

Posted on : Thursday , 7th August 2014

Tanzania: Cotton Firm Trains Farmers How to Improve Production

Mwanza — COTTON and textile development programme (CTDP) is promoting twenty high performing farmers to be village-based agro dealers in charge of quality input service providers. CTDP input Market Manager, Ms Lillian Magak said here over the week-end that the dealers have been trained by experts from the Arusha-based Tropical Pesticides Research Institute (TPRI) to ensure that they buy seeds on time, and from reliable.... Read more »

Posted on : Tuesday , 5th August 2014

Kenya: Coffee Board Takes Crop to Western

The Coffee Board of Kenya will introduce the Robusta variety in western Kenya in a bid to boost the country's total production by enabling non-traditional areas to grow coffee. It said this, besides encouraging farmers to grow other varieties, will reverse the declining production of the crop. "We will create awareness among farmers in Rift Valley areas of Bomet and Nandi, and in western Kenya zones that border.... Read more »

Posted on : Tuesday , 5th August 2014

Stanbic Bank Pumps U.S.$120 Million Into Agro Sector

Ms Musambo said this gives the bank 33 per cent of the market share and 46 per cent total asset book. She said the bank would continue to support the entire agricultural value chain through the provision of finance to various segments as part of its commitment to the growth of the sector. Ms Musambo said the bank was aware that agriculture had a huge potential in Zambia as well as the entire region and could become a.... Read more »

Posted on : Tuesday , 5th August 2014

Pig genetics farm set for Zambia

Zambia will in September this year establish a pig genetics farm which will be breeding stock to the local market and other countries in the region Pigs-Cameron Nordholm-AfricaA new pig genetics farm will be constructed in Zambia in September. (Image source: Cameron Nordholm) The farm, which will be fully automated, is expected to supply breeding stock to other countries such as Angola, DR Congo and Tanzania. The Zambia National Farmers.... Read more »

Posted on : Tuesday , 5th August 2014

Kenya's Floriculture Industry is put at the world's center stage

Marking its third year anniversary, the International Flower Trade Expo (IFTEX) is going a step further in positioning the Kenyan Floriculture Industry as a brand name at the international level by reaching the number one position of being the largest cut flower trade fair in Africa and top three for the most important flower growers trade fairs in the world by attracting the best flower growers, breeders, brokers, exporters, propagators.... Read more »

Posted on : Wednesday , 6th August 2014

Farmers Helping Farmers -Atlantic Veterinary College -Kenyan Smallholder Dairy Health Management Project

With one of the best group of students ever, the January 2014 trip to Kenya was another huge success. Many animals received treatment or prevention interventions, many farmers received training and/or assistance, ten veterinary students (three Canadian and seven Kenyan) received clinical training in treatment and health management of dairy cattle on smallholder farms, many animal health personnel received continuing education, and six.... Read more »

Posted on : Monday , 4th August 2014

Govt support can boost contract farming in cotton

The Tanzania Cotton Board (TCB) has sought Government support for boosting contract farming in the East African country. TCB acting director general Gabriel Mwalo recently said that contract farming is the best way through which cotton farmers can reap maximum output. Cotton farming in Tanzania suffers mainly due to constraints like use of uncertified cotton seeds, lack of farming machinery as well as little or no.... Read more »

Posted on : Thursday , 31st July 2014