Market News Page No. 66| Africa Business News

President Kenyatta To Boost Efforts To Place Kenya Among Top Automakers In Africa

Kenya is all set to become a topmost vehicle manufacturing giant, if the high potential undertaken by President Uhuru Kenyatta’s administration to energies the automotive industry results into action. Global car maker Nissan has announced investment plans of Sh2 billion in a local assembly line, a move that will make Kenya only the 21st country where the company manufactures its vehicles. Along with global vehicle makers who have.... Read more »

Posted on : Friday , 22nd March 2019

U.S AMBITIOUS TO STRENGTHEN THE FOOTHOLD FOR TRADE AND INVESTMENT IN AFRICA

The FDI promotion and Technology Transfer Affairs Directorate General of the MoFA took part in the U.S.-Africa Trade and Investment Forum organised by the Corporate Council on Africa (CCA) and the U.S. Mission to the African Union in Addis Ababa On February 12, 2019. In order to examine ways to advance private sector-led economic growth in Africa, the event brought together the African and U.S. private sector, African heads of state,.... Read more »

Posted on : Friday , 22nd March 2019

The Ministry of Foreign Affairs of the FDRE is committed to promote sustainable investments in Addis Ababa

The Ministry of Foreign Affairs of the FDRE is committed to promote sustainable investments that contribute to inclusive economic growth, with job creation, knowledge transfer and capacity building. It works in coordination with F.D.R.E. missions and foreign representations in Addis Ababa. This biweekly bulletin is prepared in view of informing the public and the diplomatic community on investment, trade, technology transfer and tourism.... Read more »

Posted on : Friday , 22nd March 2019

A memorandum of understanding is signed for Manufacturing of Medical Equipments Locally in Ethiopia

The MoU was signed between the ministries of Innovation & Technology, Health, and Trade & Industry and also Investment Commission. It is a memorandum of understanding (MoU) that will enable government institutions to work in collaboration to understand the need of manufacturing of medical equipments locally. It is said to help to mobilize efforts in encouraging innovation among the youth and promote entrepreneurs and.... Read more »

Posted on : Thursday , 21st March 2019

Tanzania is all set to construct a National Infectious Diseases Hospital

The government of Tanzania is set to come up with a National Infectious Diseases Hospital that will be the only centre which will deal with chronic Tuberculosis B and HIV. The National Tuberculosis (TB) Hospital facility will have a new three storey laboratory. The hospital will be able to provide information to hospitals all over the country on how to deal with these diseases. It will also provide training and services with.... Read more »

Posted on : Thursday , 21st March 2019

2nd Ethiopia International Trade Exhibition

The 2nd Ethiopia International Trade Exhibition is all set to return to Addis Ababa this month at the well renowned Millennium Hall at Addis Park. Being the largest international trade exhibition on Multi-Sector Products, Equipment and Machinery in East Africa, the 2ndEITE Africa, is recognized as the biggest industry event in the region thus laying a massive platform for the local industry leaders to connect with each other. The event will be.... Read more »

Posted on : Friday , 8th March 2019

UAE firm invests USD 2 Billion on construction in Ethiopia

Eagle Hills a UAE based construction firm, has confirmed a project estimated at $2 billion towards an integrated community development in Addis Ababa. The project which includes malls, 4,000 apartment houses, three star hotels and recreation centers will see the Ethiopian government hold a 27 percent share, according to Prime Minister Abiy Ahmed, who launched the project recently at an event. Estimated to take up to seven years to.... Read more »

Posted on : Thursday , 7th March 2019

Electrified Africa, burgeoning market

As power rolls out across continent, ranks of appliance consumers swell rapidly. With a population of more than a billion and increasing access to power, sub-Saharan Africa could present a massive market for electrical products and services – sectors that are among Hong Kong’s fortes. In its 2017 World Economic Outlook, the International Energy Agency (IEA) said energy for all in the region is achievable by 2030, provided 95%.... Read more »

Posted on : Wednesday , 3rd April 2019

EAST AFRICA THE FINEST INVESTMENT DESTINATION IN 2019

Rand Merchant Bank (RMB) report has predicted that Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019. East Africa being a fulfilling region in last few years has recorded more than an average growth in the number of Foreign Direct Investment (FDI). Ethiopia being Africa’s fastest-growing economy, has tremendously emerged to promote its provisional advantage,.... Read more »

Posted on : Thursday , 7th March 2019

French oil firm Total along with Canadian Natural Resources Ltd announced discovery of a sizable amount of gas offshore South Africa

Gas discovery in the offshore Outeniqua Basin of South Africa has opened new hope of the consolidation of new mineral wealth in the country dependent on gold and diamond minerals. French major Total and its partners, Qatar Petroleum, Canadian Natural Resources, and Main Street, have declared discovery of a sizable amount of gas offshore South Africa. Total declared a significant gas condensate discovery on the Brulpadda prospects, located.... Read more »

Posted on : Thursday , 7th March 2019

Strong Trade Ties Between Egypt-Africa

Egypt has strong economic and commercial ties with Nile Basin countries, including Rwanda, the Democratic Republic of Congo, Uganda, Tanzania, Ethiopia and Burundi, making bilateral trade far surpass raw materials and simple commodities. According to the State Information Service (SIS) website, Egypt has invested $15 million in Rwanda in construction and mining. Egypt exports aromatic mixtures, juices, juice makers and botanical.... Read more »

Posted on : Friday , 1st March 2019

KenGen - East Africa's Best Sustainable Power Producer

Kenya Electricity Generating Company PLC ( KenGen) has apeared East Africa’s leading Sustainable Power Producer in the 2018 Capital Finance International Awards (CFI.co Awards). KenGen, Kenya’s largest power producer accounting for 69% of the country’s power, was given the award for its continued, and deliberate focus on renewable energy – which accounts for 84% of the company’s power sources. KenGen was also.... Read more »

Posted on : Thursday , 28th February 2019