Market News Page No. 406| Africa Business News | Afrotrade

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Centum Investment Company - Building Value in Kenya: Ryan Hoover, Investment Analyst, Africa Capital Group

The Nairobi Securities Exchange’s main index has lost 31.7% in U.S. dollar terms since the start of the year in response to security concerns, China’s slowing growth, and a brief experiment with a 5% capital gains tax. The drop makes for a compelling opportunity to purchase shares of the country’s largest investment holding firm. Prime assets With a basket of profitable private equity investments and a remarkably.... Read more »

Posted on : Friday , 23rd October 2015

South Africa's Mediclinic to buy UAE's Al Noor Hospitals for $2.2B

South Africa‘s Mediclinic Intl has agreed to buy United Arab Emirates’ Al Noor Hospitals Group for around 1.4 billion pounds ($2.2 billion), gaining the upper hand on rival NMC Health in a tussle for expansion in the fast growing Gulf region. The deal will double the South African group’s presence in the UAE, further diversifying out of its slow growing home market after a Swiss acquisition in 2007 and the stake it bought in.... Read more »

Posted on : Friday , 23rd October 2015

Kenya: Base Titanium Exported More Minerals in Q3

Base Titanium is calling on the government to put in place policy and legislative frameworks that can help attract more international mining companies to come invest in the largely unexplored sector. Base Titunium General Manager, Joseph Shcwarz says this is the only platform that will see the country unlocking the potential within the sector. In East Africa, Kenya lags behind Tanzania when it comes to mining industry. To help improve.... Read more »

Posted on : Friday , 23rd October 2015

Uganda: �Oil Exploitation Requires Protecting the Environmental Against Damage

Oil exploration and production in Uganda require extreme caution to prevent environmental damages according to Dr Peter Blomeyer the German ambassador to Uganda. The ambassador noted that Uganda’s oil and gas resources have been discovered in environmentally sensitive areas such as forests, national parks, lakes and rivers. Uganda’s Petroleum resources are now estimated to be 6.5 billion barrels of oil in place. This is up from.... Read more »

Posted on : Friday , 23rd October 2015

Rwanda issues new guidelines for dairy industry

The country’s dairy sector has increased its milk production, processing and trade in the last few years, but due to a lack of regulation, the industry had been facing challenges in terms of unfair market competition and production of substandard dairy products, specifically milk. According to Tony Nsanganira, Rwanda’s state minister for agriculture, challenges in the milk industry created the need for a legal instrument to regulate.... Read more »

Posted on : Friday , 23rd October 2015

Oceana Group investing US$13mn in Angola and Namibia

Speaking at a recent marine industry event, the company’s CEO, Francois Kuttel, had said that the company is going to upgrade its existing operations in Namibia. Oceana will replace its fishmeal production facility in the country that will increase its production capacity by 2,000 tonnes. “We are putting a new fishmeal plant in our cannery in Namibia with better technology and better quality. It will deal with trimmings from our.... Read more »

Posted on : Friday , 23rd October 2015

Gulfstream Energy�s Mining fuel supply solution : An African mining site

Gulfstream Energy’s Molecule Management Solution will be deployed at the Gamsberg Project Site in the South African mining town of Aggeneys The Gamsberg Project involves the development, construction and commissioning of a four mtpa open-pit zinc mine, concentrator and associated infrastructure. Gulfstream Energy’s mining solution involves an ‘over and above’ procurement of actual fuel products, through the investment.... Read more »

Posted on : Friday , 23rd October 2015

Indian firms now show interest in the new construction project in Africa

Top firms in India are now seeking an opportunity to be involved in the construction of new capital in Egypt after Egyptian Minister of Housing, Moustafa Madbouli, met with representatives of top Indian construction companies to look for ways they can be involved in the construction of the new city. Mr Madbouli said that there are many open opportunities for companies and countries that are looking to participate in.... Read more »

Posted on : Friday , 23rd October 2015

Commercially viable biogas plant in Africa begins operation

First commercially viable biogas plant in South Africa has began operation supplying renewable energy to automotive manufacturer BMW. A year ago, energy company Bio2Watt and BMW SA signed a deal for power generation which saw the first power supply happen early October. The two companies have a ten year deal that will see to it that up to 30 percent of 12MW of energy is delivered to the Rosslyn plant from the 4.4MW.... Read more »

Posted on : Friday , 23rd October 2015

Mining Industry Pivotal to SA's Economic Growth

Johannesburg — Mineral Resources Minister Mosebenzi Zwane says the mining industry must work with government to achieve South Africa's economic growth objectives. "We are aware that alone as government, without working with the stakeholders, we won't be able to do that," Minister Zwane said. Speaking on Tuesday following a site visit to Harmony Gold Doornkop Mine, he said government wanted to grow South Africa,.... Read more »

Posted on : Thursday , 22nd October 2015

Mozambique: Joint Venture to Mine Alluvial Gold

London — The British based company Xtract Resources has entered into a joint venture with Mineral Technologies International to develop an alluvial gold mine in the central Mozambican province of Manica. A statement from Xtract released on Tuesday said that the two companies plan to begin gold production within six months and expect to extract 32,000 ounces of gold per year. The current price of gold is around 1,200 US dollars an.... Read more »

Posted on : Thursday , 22nd October 2015

Majwe Mining Extends Partnership

Jwaneng — The Ministry of Education and Skills Development initiated the adopt a school programme in 2011 to bring on board the private sector, individuals and the community in the provision of education. As a result, one company that immensely contributed to the education sector is Majwe Mining Joint Venture. In 2013, the company adopted four primary schools and two junior secondary schools in Jwaneng and Mogale Junior Secondary.... Read more »

Posted on : Thursday , 22nd October 2015

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