Market News Page No. 443| Africa Business News | Afrotrade

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Kenya to set up unit to protect critical infrastructure

NAIROBI: The Government will set up a powerful entity to protect critical infrastructure against threats such as terrorism, espionage and sabotage. In a move aimed at dealing with increasing threats to critical infrastructure such as power lines, fibre optic, roads and data centres, the Government has proposed hefty fines and jail terms for up to 10 years for people caught sabotaging infrastructure that is critical to national.... Read more »

Posted on : Wednesday , 2nd September 2015

Trading steeply up at Dar stock exchange

The Dar es Salaam Stock Exchange (DSE) experienced high traffic from both local and foreign investors resulting into a turnover of 29.89bn/- compared to 1.74bn/- of the previous week. According to Zan Securities Limited Weekly Wrap Ups, Tanzania Breweries Ltd (TBL) and CRDB Bank Plc emerged as the week’s top traded equities contributing about 84.20 percent and 11.14 percent, of this week’s total.... Read more »

Posted on : Wednesday , 2nd September 2015

German lender to give Tanzania SMEs 42bn/- financial support

EXIM Bank Tanzania has signed a USD 20 million (about 42bn/-) loan pact with Germany’s private enterprise lender, Deutsche Investitions und Entwicklungsgesellschaft MBH (DEG) to support small and medium-sized enterprises (SMEs). Exim Bank Chief Finance Officer (CFO), Mr Selemani Ponda, said the money, in the form of a senior loan will be disbursed in two tranches based on the progressive growth on lending assistance to the.... Read more »

Posted on : Wednesday , 2nd September 2015

Rwanda Govt leases 22 micro-hydro power plants to private developers

The government has leased 22 micro-power projects to private investors, a move aimed boosting the country’s power generation capacity. The plants were leased to seven private power developers for 25 years, according to the Power Purchase and Concession Agreements signed between the companies and Ministry of Infrastructure, Rwanda Development Board and the Rwanda Energy Group on Thursday. Speaking at the signing of.... Read more »

Posted on : Wednesday , 2nd September 2015

ERCC boosts Ethiopia market share in road construction

Road construction in Ethiopia will now be dominated by the government after Ethiopian Road Construction Corporation (ERCC) rolled out a business plan to boost its market share in road construction to 50%. The move is aimed at improving transport and communication in the country which will favor local market growth.The government of Ethiopia also intends to be more involved in road maintenance. The new big business.... Read more »

Posted on : Wednesday , 2nd September 2015

Shanzu Beach Resort to construct new block of apartments in Kenya�s Coast

Shanzu Beach Resort is set to construct a new block of apartments at the Kenyan Coast in a bid to boost their high end property development. The development which is dabbed The Shaza project will consist of 18 apartments comprising of two and three bedroom that will go for between Sh32 million and Sh42 million respectively. The Shanzu beach resort blocks will be constructed in Mombasa County and will be completed by.... Read more »

Posted on : Wednesday , 2nd September 2015

Tender for the construction of the Kenya-Uganda pipeline to be anno

A tender for the construction of the US$ 4bn Kenya-Uganda pipeline that is expected to cover 1,500km is set to be announced before the end of this year. The construction project has been incorporated into the Lamu Port- South Sudan-Ethiopia Transport Corridor (Lapsset) infrastructure project. The Lapsset Corridor Development Authority (LCDA) confirmed the reports and said that the tender that will be inviting companies to.... Read more »

Posted on : Wednesday , 2nd September 2015

East Africa: Intra-African Trade Rises As Market Access Between Blocs Improves

Intra-African trade increased by 50 per cent to $61 billion between 2010 and 2013, according to recent data released by the African Development Bank. The rise is attributed to improved market access and a strong growth in re-exports among African countries. The increase marks a strategic shift in internal trade on the continent, which was previously relatively low compared with trade flows from the European Union and.... Read more »

Posted on : Tuesday , 1st September 2015

Africa: Cross border trade coordination enhancing industrilization

Namibia’s Information and Communication Technology Minister Tjekero Tweya and South Africa’s Communications Minister Faith Muthambi this week formulated a coordination arrangement regarding the countries’ respective digital terrestrial television migration projects. Print Send to Friend The cooperation and coordination arrangement would see a joint task team established to mitigate the potential cross border interference.... Read more »

Posted on : Tuesday , 1st September 2015

Kenya: Multi million investments as US extends AGOA trade deal

Kenya expects 20 companies to start investing about 8 billion shillings ($80 million) immediately in the African nation's textiles industry after the renewal of a deal offering access to the U.S. market, its industrialisation minister said. President Barack Obama signed the Africa Growth and Opportunity Act (AGOA) this week, renewing a deal allowing Sub-Saharan African countries to export thousands of products to the United States,.... Read more »

Posted on : Tuesday , 1st September 2015

Electricity construction project in Sudan gets funding

Electricity construction project in Sudan has received a boost after a US$ 200m contract was signed with the East Sudan Development Fund and the companies which won the implementation tender that will be used in the generation of electricity in East Sudan region. First Vice-President General Bakri Hassan Salih, the Minister of Water Resources and electricity Mutaz Musa and a number of senior officials witnessed the signing.... Read more »

Posted on : Tuesday , 1st September 2015

The constructed 650MW Gas power Plant in Egypt goes Online

The constructed 650MW gas power plant in Egypt has started going online in just 159 days after its ground breaking ceremony. The gas power plant in Egypt that recently completed its construction is the first fast-track natural gas–fired project as it was being carried by two bodies one being Siemens and Egyptian firm Elsewedy Electric near the city of Suez. Attaqa Simple Cycle Power Plant is the very first.... Read more »

Posted on : Tuesday , 1st September 2015

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