Market News Page No. 57| Africa Business News | Afrotrade

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N e w s

Better returns for Africa as it is contributing to improved use of renewable energy power across the continent

Developing economies everywhere Africa measure during a distinctive position to leapfrog a lot of developed nations by finance in cleaner, environmentally friendlier sources of power at a lower price - main factors conducive to improved use of renewable energy power across the continent. However, renewable energy resources hold nice promise and might give energy whereas overcoming Africa’s infrastructural challenges, this manner.... Read more »

Posted on : Friday , 3rd May 2019

WOODBOIS SHIFTING ITS FOCUS TO AFRICA AFTER ENJOYING A RECORD IN THE FIRST QUARTER

The forestry and timber trading company that is focused on Africa shipped an all-time quarterly high of 114 containers of timber and veneer during the three months ended on 31 March. That translated into record revenue of USD4.5millon for the period, a third higher than the same quarter of 2018 (Q1 18: USD 3.4millon). Lombard Odier subscription Woodbois raises £960k. As the year progresses the growth is expected to pick up, in Gabon in.... Read more »

Posted on : Thursday , 2nd May 2019

TANESCO LAUNCHES 150 MW SOLAR TENDER IN TANZANIA

To ramp up solar’s share to its energy mix, Tanzanian power utility (Tanesco) wants to build solar plants across six regions. As the nation tries its level best successful projects will be ranging from 20 MW to 50 MW in size. With a combined capacity of 150 MW Tanzania’s state-owned power utility the Tanzania Electric Supply Company Ltd (Tanesco) has issued a request for qualification for the construction of several large-scale PV.... Read more »

Posted on : Wednesday , 1st May 2019

EXPERTS COLLABORATE TO EXPLORE OIL IN TANZANIA AND UGANDA

Endowed with untapped diverse energy sources including biomass, natural gas, hydropower, coal, geothermal, solar and wind power which are found in abundance in Tanzania. Out of the total energy supply Wood-fuel accounts for up to 92% hydro-electricity amounts for 2% and 7% is derived from oil products. The downstream oil industry is an important sector to the country’s economy that absorbs 55% of the country’s foreign exchange.... Read more »

Posted on : Wednesday , 1st May 2019

ALLWIN PACKAGING KENYA AND ISHIDA EUROPE WORK HAND IN HAND TO INCREASE MARKET VALUE

In Kenya plastic packaging is almost entirely dependent on imports. This is due to the post-harvest losses caused by insufficient packaging and processing technology in East African countries are as high as 30%, and up to 70% of fruits and vegetables have to besold with out packing and thus might get wasted. The increase in per capita income in Kenya has led to an increase in packaged foods and fast-moving consumer goods, especially the.... Read more »

Posted on : Tuesday , 30th April 2019

JOINT EAST AFRICAN CAMPAIGN FOR VEHICLE ASSEMBLY MOVES INTO TOP GEAR

Reginald Mengi an industrialist based in Dar-es-Salaam signed a deal with a South Korean firm to set up a vehicle assembly plant in the country. The $10 million deal between Youngsan Glonet Corporation and Mengi’s IPP Automobile Company Ltd will make it the second vehicle assembly plant in Tanzania. The other one is a Polish tractor assembly plant at Kibaha called Ursus. Mr. Mengi, the IPP group executive chairman, also shows immense.... Read more »

Posted on : Tuesday , 30th April 2019

Ethiopian government regulates food and agriculture sector

The Government of Ethiopia (GOE) is undergoing various reforms and economic liberalizations in the food and agriculture sectors. Over the past five years, the process of updating and modernizing the country’s food safety, animal and plant health regulatory systems has become paramount. These developments are attributed to the nation’s fast-paced, export-oriented economic growth, which has spurred a rising number of.... Read more »

Posted on : Tuesday , 30th April 2019

CONSTRUCTION OF TERMINAL THREE AT JNIA NEARS COMPLETION

Construction works on Julius Nyerere International Airport terminal 3 has been announced by the government of Tanzania that it is nearing completion. With only final touches remaining before being handed over to the government for operations. Works, Transport and Communications Minister Isack Kamwelwe announced that the project is 96% complete. The construction began with JNIA Terminal 1 which has a capacity to handle 500,000 passengers.... Read more »

Posted on : Tuesday , 30th April 2019

Kenya endeavors to enhance plastic industry

Manufacturers in Kenya have been working strategies towards the reuse and recycling of plastic waste. By establishing the Kenya Plastics Action Plan, manufacturers under the Kenya Association of Manufacturers will align with the Ocean Plastics Charter, which is a long term private sector initiative on the sustainable manufacture, use and recycling of plastics Speaking at the event, National Environment Management Authority (NEMA).... Read more »

Posted on : Tuesday , 30th April 2019

Ethiopian Longest Bridge Project Bagged by CCCC

Ethiopia has signed an agreement with a Chinese firm, China Communication Construction Company (CCCC) to design and build the country’s longest bridge. The Company secured the deal by placing an offer, which was 15.3% higher than the engineers’ estimate. Three companies were disqualified at the technical stage, leaving CCCC as the sole bidder whose financial offer was opened on February, 2019. Construction of bridge will be.... Read more »

Posted on : Monday , 29th April 2019

Russian Agricultural Machinery Convoy To Expand In Africa

Agricultural machinery produced by Rostselmash SC are planned to be supplied to Mozambique and East Africa, according to the agency of economic information Prime, with reference to the Director for export sales of the company, Maxim Maximov. We are talking about the implementation of a government project that provides for the export of 70 pieces of equipment to this East African country. As east africa is one of the growing countries exporting.... Read more »

Posted on : Monday , 29th April 2019

CONSTRUCTION OF OUTER RING-THIKA HIGHWAY EXCHANGE IN KENYA COMMENCES

The Kenya Urban Roads Authority (KURA) has started construction of a advanced flyover exchange connecting the Outer Ring Road and Thika Super Highway in Kenya, in a bid to comfort traffic congestion as a result of high population frequency in the Eastern Nairobi. The cooperation has therefore declared a 3 month closure of the overpass at GSU headquarters to make sure that the construction works are not disrupted by vehicles. It is an.... Read more »

Posted on : Monday , 29th April 2019

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