Market News Page No. 112| Africa Business News

Magufuli Gives a Green Signal for Power Project to Connect Katavi to National Grid

People from Katavi Region are happy on commencement of the construction of Tabora- Katavi power transmission line project for the objective of connecting Katavi to the national power supply system.The project is expected to cost 135bn/- upon completion, and it will supply 130 megawatts to region whose current consumption of power stands at between 5 and 6 megawatts.the success stories includes this project by President John Magufuli as it will.... Read more »

Posted on : Wednesday , 23rd October 2019

Kenya Ranked Position 3 In The Top 20 Markets With The Greatest Potential For Future Trade Growth

According to the Trade20 Index report released by Standard Chartered Bank, the markets impressive potential for trade growth suggests that the government's 'Big Four' development initiative - focusing on boosting manufacturing activities, achieving universal health coverage, improving food security and supporting the construction of affordable housing - is driving Kenya's increased trade growth potential. Kenya has been ranked position 3.... Read more »

Posted on : Tuesday , 22nd October 2019

Rwanda Solar Energy Ambition Receives Boost of U.S. $9 Million

Rwanda's energy ambition received a boost following an endorsement of a financial instrument by the Global Innovation Lab for Climate Finance that will gear up the arrangement of solar home systems.The institution grants the piloting of solar securitization in Rwanda, which seeks to develop the financial capacities of developers to enable them to expand and meet the demands in the local market.Rwanda aims to connect 300,000 households annually.... Read more »

Posted on : Tuesday , 22nd October 2019

Prime Minister Abiy Ahmed puts Ethiopia on the trade map as a top investment destination

Mr. Abiy Ahmed Ali, Ethiopia’s young reformist Prime Minister, "for his efforts to achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighboring Eritrea." has been this year’s recipient of the Nobel Peace Prize. Prime Minister Abiy Ahmed is responsible for initiating important reforms in Ethiopia giving many citizens a hope for a better life.... Read more »

Posted on : Monday , 21st October 2019

Prime Minister Abiy Ahmed puts Ethiopia on the trade map as a top investment destination

Mr. Abiy Ahmed Ali, Ethiopia’s young reformist Prime Minister, "for his efforts to achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighboring Eritrea." has been this year’s recipient of the Nobel Peace Prize. Prime Minister Abiy Ahmed is responsible for initiating important reforms in Ethiopia giving many citizens a hope for a better life and a.... Read more »

Posted on : Monday , 21st October 2019

Prime Minister Abiy Ahmed puts Ethiopia on the trade map as a top investment destination

Mr. Abiy Ahmed Ali, Ethiopia’s young reformist Prime Minister, "for his efforts to achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighboring Eritrea." has been this year’s recipient of the Nobel Peace Prize. Prime Minister Abiy Ahmed is responsible for initiating important reforms in Ethiopia giving many citizens a hope for a better life and a.... Read more »

Posted on : Monday , 21st October 2019

USD 150 million luxury hotel construction in Addis Ababa

Aviation Industry Corporation of China (AVIC), a multi-sector conglomerate started the construction of a 5-star hotel for USD 150 million in Addis Ababa, said by Ethiopian Airlines officials on Tuesday. This 5-star hotel in Addis Ababa is constructed for the Ethiopian Airlines. Asrat Begashaw, Head of Public Relations in Ethiopia Airlines said that the hotel is being constructed on 22,000 Sqm land with a budget of USD 150 million. The project.... Read more »

Posted on : Monday , 21st October 2019

Transtrailers Limited, Kenya Expanding Its Footprints In Tanzania Market

Transtrailers, one of the emerging players in the trailer manufacturing industry in Kenya on a roll as they participate once again in Autoexpo Tanzania 2019. Transtrailers are engaged in the road transport industry for over thirty years. Trailers are built using the latest machinery used for trailer manufacturing ensuring a high quality product. On completion a vigorous quality inspection is carried out by their chief engineer to ensure that.... Read more »

Posted on : Friday , 18th October 2019

Jamuna Udyog with Bajato Automotive Lighting brand make their presence once again at Autoexpo Tanzania 2019

Jamuna Udyog will be participating for the second Time At Autoexpo Tanzania 2019 which is organized by Expogroup. The event will held at Diamond Jubilee Expo Center Dar-es-Salaam, Tanzania on 7th Nov to 9th Nov 2019 Bajato Automotive is an established brand in 38 countries worldwide and its footprint is expanding gradually in more nations worldwide. Bajato Automotive Have Been Exporting Its Products To Africa Region. Their product.... Read more »

Posted on : Friday , 18th October 2019

Oman Oil Marketing Company Saog To Be Spotted At The 22nd Autoexpo Tanzania 2019

Oman Oil Marketing aims to attain the largest market share in lubricant sales in the Sultanate and the Region. This Year they will be making their debut at 22nd Autoexpo Tanzania 2019 which is organised by Expogroup on 7th Nov To 9th Nov 2019. Oman Oil Marketing Company has been a leader in the fuel marketing sector in the Sultanate by providing the highest level of service to its customers, as well as the finest Fuel marketing experience at.... Read more »

Posted on : Thursday , 17th October 2019

DTG Group Truck Trailer Once Again To Exhibit For 22nd Autoexpo Tanzania 2019

DTG Group Truck Trailer, A professional manufacturer of Semi Trailer from China will be exhibiting for the 2nd Time at Autoexpo Tanzania from 7th to 9th Nov 2019. DTG Group was founded in 1998; their factory covers an area of 290,000 square meters, including 150,000 square meters of building area. They have 15 engineers who have more than 20 years experience in this field, and more than 500 employees. Their main products are Skeletal.... Read more »

Posted on : Thursday , 17th October 2019

Kenya Sprints Ahead Of Uganda With $3b London Oil Finance Contract

Kenya has endorsed an agreement with oil multinationals that is expected to draw up to Ksh308.4 billion ($3 billion) financing for expansion of its Turkana petroleum deposits, potentially placing the country ahead of Uganda in the race to the market. Kenyan petroleum ministries were in London to finalize an information memorandum that will be marketed to global financiers who are eager on putting money in the Turkana oil.... Read more »

Posted on : Wednesday , 16th October 2019