Market News Page No. 495| Africa Business News | Afrotrade

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Kenya: Murang'a Project to Give Nairobi 140 Million Litres of Water

Nairobi — The construction of the World Bank-funded community water supply on the northern water collector tunnel is set to begin in February and will take about 40 months to be completed.Athi Water Service Board Chief Executive Officer Malaquen Milgo says the Northern collector tunnel is being built to increase water supply to Nairobi having capacity to deliver to Nairobi 140 million litres of water per day. The Sh6.8.... Read more »

Posted on : Monday , 19th January 2015

Tanzania: Bunge Committee Hails Nkasi Irrigation Project

Namanyere — MEMBERS of the Parliamentary Local Authorities' Accounts Committee (LAAC) hailed Nkasi District Council for constructing Lwafi/Katongolo irrigation scheme which will benefit about 40,000 farmers from Kirando and Kipili ward in the area.The project will cost over 9.5bn/- upon completion. LAAC's Chairperson, Ms Felister Bura, said members of the committee were satisfied with the irrigation project and called on.... Read more »

Posted on : Monday , 19th January 2015

Tanzania: Beer Firm Supports Barley Farmers with Quality Seeds

IN its bid to support the agricultural sector, Serengeti Breweries Limited (SBL) has distributed barley seeds to farmers in Manyara and Kilimanjaro regions.The seeds have been distributed under the company's Local Raw Material Initiative where 4,000 tonnes of barley seeds would be distributed to barley farmers this year. SBL Agribusiness Manager, Mr Shafii Mndeme, said in Manyara recently that the initiative continues to expand and that.... Read more »

Posted on : Monday , 19th January 2015

Kenya Set to Brand Coffee Produce

Agriculture cabinet secretary Felix Koskei said that direct coffee sales will be introduced as a measure to liberalise the marketing system of the product. Other measures including the restructuring of key coffee institutions including the Coffee Research Foundation and Coffee Board of Kenya to improve efficiency in the coffee sector. "The Coffee Credit Support Fund has to date disbursed over Sh1 billion to coffee growers.... Read more »

Posted on : Monday , 19th January 2015

Kenya Restructures Coffee Industry

cNairobi — KENYA has spent more than Sh1 billion towards coffee growers in order to increase production of a quality product, a senior government official said. Speaking at a pre-launch for branding of Kenya Coffee, Agriculture Cabinet Secretary Felix Koskei, said the government would embark on restructuring exercise targeting major coffee institutions in order to improve the coffee quality as well as efficiency. He.... Read more »

Posted on : Monday , 19th January 2015

Kenya: Bungoma Buys Sh28 Million Tractors for Farmers

THE Bungoma government has bought a fleet of agricultural machinery to boost food production. The Sh28 million tractors will offer quick and affordable land preparation services, Governor Kenneth Lusaka said yesterday. The equipment includes tractors, incubators and Artificial Insemination kits are expected to be unveiled tomorrow, at Mabanga Farmers Training Centre. "In the past, high costs of farming operations.... Read more »

Posted on : Monday , 19th January 2015

Tourism and Agriculture to Drive Growth - World Bank

A recovery in tourism and agriculture sectors coupled with increased public expenditure is expected to boost economic growth this year after a slowdown last year, the World Bank said in a global report released yesterday. In its Global Economic Prospects 2015, the lender that finances capital projects in developing countries has forecast the national wealth to expand by six per cent this year up from an estimated growth of 5.4 per cent last.... Read more »

Posted on : Monday , 19th January 2015

Egypt Says It Will Go on Buying Kenyan Tea

Egypt will continue to be the leading importer in Africa of Kenyan tea, its trade Minister told a Kenya-Egypt business forum held in Nairobi on Tuesday."Egypt is looking forward to become the biggest importer of Kenyan tea," said Abdi Noor at the forum attended by Kenya's Foreign Affairs and International Trade Cabinet Secretary Amina Mohammed. The forum was aimed at strengthening trade relations between the two.... Read more »

Posted on : Monday , 19th January 2015

Tanzania: New Board Challenged to Take NDC to New Heights

THE Minister of Industry and Trade, Dr Abdallah Kigoda, has challenged members of the newly appointed board of directors of the National Development Corporation (NDC) to work together in ensuring that the corporation achieves its intended goals and objectives. He made the remarks in Dar es Salaam when launching the new board. Dr Kigoda said their appointment confirmed that it was important that they work together with the government and have.... Read more »

Posted on : Saturday , 17th January 2015

Tanzania: Mtwara Cement Plant to Offer 10,000 Jobs

OVER 10,000 people are expected to be employed directly and indirectly at the Dangote Cement Factory at Msijute area in Mtwara Region, which is slated to commence production in August.The factory, which is owned by Africa's richest person, Alhaj Aliko Dangote, has as well announced plans to improve social amenities in Mtwara region by constructing a state-of-the-art hospital, a modern marketplace, a school and a police.... Read more »

Posted on : Saturday , 17th January 2015

Tanzania seals new tax deal with mining firms

The Tanzanian government has signed an agreement with mining companies operating in the country.The agreement sets new terms for royalty payments, scrapping the 15 per cent value-added tax (VAT) relief and increasing the fees companies pay for services they get in the mining areas. AngloGold Ashanti and Geita Gold Mine were the first companies to sign the deal that replaces the Mining Development Agreement (MDA). Company.... Read more »

Posted on : Saturday , 17th January 2015

Arica the next Investment Hub

International businesses are still not very aware of Africa’s investment opportunities. Information costs are high: Africa is fragmented into many different countries, and even in aggregate the continent is a fairly small economy. For several decades, investor ignorance did not matter: with few exceptions Africa’s economies were too badly run for there to be many opportunities for firms of integrity. But there has been a sea.... Read more »

Posted on : Saturday , 17th January 2015

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