Market News Page No. 573| Africa Business News | Afrotrade

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Kenya's avocado sub-sector shows promising future

With an estimated annual production of 115,000mt, Kenya’s avocado sub-sector has experienced further growth as investments increase in the counties and new export markets open up avocado-olle svenssonMore than 70 per cent of total avocado production comes from smallholder farmers. (Image source: olle_svensson) Foreign investors setting up avocado factories in the country have also improved prospects among local farmers. Each year,.... Read more »

Posted on : Monday , 11th August 2014

Renewable energy needs guarantees for investors in East Africa

The slow pace with which renewable energy projects have been rolled out across Africa may prove to be an advantage in a few years. As they catch up, African countries could benefit from technological developments and falling costs of wind and solar power. Norman Ndaba, Power and Utilities Sector Leader at global financial advisory firm Ernst & Young, says telecommunications developments in Africa may be an indicator of how renewable.... Read more »

Posted on : Friday , 8th August 2014

A commercial agreement endorsed to facilitate East Africa Oil and Gas Free Port Project

The parliament of Ghana has endorsed a commercial agreement between the Government, Lonrho Ports Ghana Limited and Atuabo Free Port Company Limited to facilitate construction of the Ghana Oil and Gas Free Port. The Ghana Oil and Gas Free Port will be set up at Atuabo in the Western Region. The port is also expected to come into full operations in 2016 and will assist in meeting Ghana’s logistics and support requirements in.... Read more »

Posted on : Friday , 8th August 2014

Quantum Power to provide Tema LNG with importation storage in East Africa

Quantum Power Gas is enthusiastic in developing the Tema LNG importation storage, re-gasification and delivery facilities. The company is a subsidiary of Quantum power, a pan African energy and infrastructure industrial investment platform, and has signed a partnership agreement with Golar LNG to see completion of the project. Golar is expected to provide some certain technical, engineering, design and construction of the required.... Read more »

Posted on : Friday , 8th August 2014

Kenya: China to Ship in 5,000 Foreign Workers for the Mombasa-Nairobi Standard Gauge Railway Project

China Road and Bridge Corporation will bring in 5,000 workers to work on the standard gauge railway, Kenya Railways MD has said. The works on the 609km railway is expected to kick off in September after a frosty start that was marred with claims of corruption. Parliament gave the project a clean bill of health. "The contractor will bring in the workers and get additional ones locally. We have also.... Read more »

Posted on : Friday , 8th August 2014

SH80 MILLION POWER PROJECT LAUNCHED IN HOMA BAY

Homa Bay: A power project, which will cost Sh80 million to develop, has been unveiled in Homa Bay county. The ambitious initiative, being undertaken by Kenya Power, is expected to end frequent power outages in the area. Dubbed "Boresha Umeme Homa Bay", the initiative will increase electricity supply in the area to six times the current flow. Kenya Power Managing Director Dr Ben Chumo said the move is.... Read more »

Posted on : Friday , 8th August 2014

Shelter Afrique has signed a US$8 million deal with the Kenya Medical Association for housing

Shelter Afrique the Pan-African Housing Financier has advanced a US$8 million [KSH704M] loan to the Kenya Medical Association for the construction of 160 housing units in Mombasa for exclusive sale to members of the association. The loan which follows the approval by the Shelter Afrique board in March 2014 sees Shelter Afrique partner with the KMA yet again having already jointly financed two of the KMA’s housing projects. Signing the.... Read more »

Posted on : Friday , 8th August 2014

Lifelong ARVs for pregnant women, says Kenya Health Minister

All pregnant, HIV positive women will go onto lifelong antiretroviral treatment from January 2015, Kenya Health Minister. In addition, people with HIV will start treatment when their CD4 count, which measures immunity, drops to 500 not 350 as at present. Currently, pregnant HIV-positive women with a CD4 count over 350 only receive ARVs during pregnancy and breastfeeding to prevent mother-to-child HIV transmission. In September.... Read more »

Posted on : Friday , 8th August 2014

Kenya chooses GM and biotech, but there are smarter ways to feed Africa

Kenya’s Deputy President William Ruto has made the case for Africa to use biotechnology in food production to deal with hunger and poverty. But when it comes to the issue of food security in Africa, there are often hidden agendas at work. There’s a lot to be gained by agri-tech companies if leaders blindly promote biotechnology. Biotechnology is, generally speaking, the use of living organisms to fulfil a practical.... Read more »

Posted on : Friday , 8th August 2014

Acorn Group Kenya injects US$455m into a Real Estate project

Acorn Group Africa, a real estate firm in Kenya is going to inject US$455m into a real estate project that will see the firm construct shopping malls, commercial offices, residential properties and commercial hotels in Nairobi, Lukenya and Kitengela. The project is expected to commence in October this year with funds sourced through equity and bank loans. The firm aims to meet the growing demand for retail and residential.... Read more »

Posted on : Friday , 8th August 2014

US$48.2m released by Tanzanian Government for housing project

WHC is going to construct 50,000 housing units that government workers will be able to buy through low interest mortgage system. The units will be built in five phases, of which the government has released US$48.24m for the construction of the first phase. In this phase, houses will be built in Dar es Salaam, Coast Region, Tanga, Arusha, Mwanza, Shinyanga, Mtwara, Lindi, Tabora, Dodoma, Morogoro, Kilimanjaro, Ruvuma and Mbeya. The.... Read more »

Posted on : Friday , 8th August 2014

Kenya: Voi Reaps Big From Kenya's First Major Carbon Project

For many years, residents of Kasigau location in Voi lived off felling trees, clearing bushes and burning charcoal in an open-canopy forest where they call home, but a carbon trading project is empowering thousands of residents here to embrace new sustainable sources of livelihoods. The smoky overhead that traditionally engulfed the forest has now paved way to a clear, fresh atmosphere as people adopt new sources of.... Read more »

Posted on : Friday , 8th August 2014

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