Market News Page No. 159| Africa Business News

Tanzania- Lighting Africa Project Launched by Hanergy

The pioneering multinational clean energy company, Hanergy Thin-Film Power Group, launched the “Lighting Africa” project at its first stop Tanzania together with China Foundation for Peace and Development and Tanzania-China Friendship Association by promising to donate the first 100 Humbrellas in the coming months. “Lighting Africa” is a philanthropic project started by Hanergy and joined by China.... Read more »

Posted on : Wednesday , 25th July 2018

Voice controlled LED filament bulbs using Siri

LEDvance, is a cutting edge company and currently the sole provider of voice-dimmable filament LED lamps that work with Apple products. The concept is now available in Europe, after having first launch t in North America. Being a Germany based company, LEDvance is marketing the bulbs in Europe under the Osram name while using the Sylvania label in North America. It's presence in Africa is still to mature so LEDvance uses business.... Read more »

Posted on : Wednesday , 22nd August 2018

WALTON All Set To Exhibit at The 21st KITE Africa 2018

Electronics’ have come a long way and has become the most used gadget and product in our day to day lives. May it be computers, phones, television, kitchen appliances etc, all have found an easy pass into our daily routine and so have their manufacturers. One such name is Walton Hi Tech Industries, the Asian enterprise that has rocked not only its country Bangladesh but the international markets with its reach in 20 countries. This.... Read more »

Posted on : Friday , 20th July 2018

Belgium's VLAM to showcase at the 21st Foodagro Africa

The 21st Foodagro Africa is only a month away; the event focuses on the food, agriculture and the hospitality industry, featuring the latest products and technology in its field. Complementing these pointers, VLAM is all set to participate in the event of the season. Widely known, Vlam is famous for its marketing techniques that promotes and sells Belgian agro, fisheries, meats, poultry and dairy products in and around the world. The event will.... Read more »

Posted on : Thursday , 19th July 2018

East Africa- Solar power creating new economic opportunities

A report that highlighted the new economic benefits to households in East Africa from off-grid solar power was released by GOGLA, the non-profit trade body for off-grid solar power. The researchers collated data from 2,300 solar owners in Kenya, Rwanda, Mozambique, Tanzania, and Uganda to work out the impact of new renewable installation on their livelihood. Nearly 60 percent of respondents reported an increase of.... Read more »

Posted on : Thursday , 19th July 2018

4 More Car Manufacturers Target East Africa for Local Auto Assembly

Car Manufacturers are targeting East Africa to setup assembly line within the region of the continent.Simba Corp, a Kenyan company is in discussion with 4 automakers for setting up their assembly units in the country. While Chief Executive Officer of Simba Corp Adil Popat confirmed discussion with Renault of France about their assembling unit, the other car manufacturer showing interested is Mahindra and Mahindra Ltd, of India. He further.... Read more »

Posted on : Tuesday , 17th July 2018

Tanzania- Liquefied Natural Gas To Boost Business in Tanzania

TANZANIA is on the verge of what could very well be its biggest ever economic boom. Investors around the globe will undoubtedly be keeping an eye on the project's progress, with a number of organizations ready to set up Tanzanian hubs once they've been assured of the country's ability in accommodating major business ventures. The appetite is unquestionably there, the next crucial step is turning that eagerness into.... Read more »

Posted on : Monday , 16th July 2018

Ethiopia- Measures Taken to Bridge Electricity Gap

Over 70% of people still have no access to electricity even though the current grid covers about 60% of the towns in Ethiopia. This gap motivates the government to look for various partnerships that will assist in connecting this number of people to the national grid. GE Grid Solutions a global power firm announced it has completed a $40 million electricity transmission system improvement turnkey project in.... Read more »

Posted on : Monday , 16th July 2018

Adopting LED Technology - The future is now

Customer experience is an important part of visual marketing and a prime component of the same is lighting. It is key to help highlight displays and properly showcase product to potential customers so as to create a better shopping experience that drives sales and revenue. For these reasons, it is critical to maintain a well-lit facility. But does it mean that a facility may shoulder greater energy requirements and increased costs. Business.... Read more »

Posted on : Wednesday , 22nd August 2018

Mining landscape in Tanzania is booming - government opens markets

In Tanzania, mining includes precious metals such as gold, iron ore, nickel, copper, cobalt, silver. Mining of industrial minerals like diamond, tanzanite, ruby, garnet, limestone, soda ash, gypsum, salt, phosphate, gravel, sand, dimension stones and lately graphite are also among the more interesting in the export market. Fuel minerals like coal and uranium are also being mined. Mining related activities in Tanzania have contributed 3.7% to its.... Read more »

Posted on : Wednesday , 22nd August 2018

Tanzanian economy expected to grow vibrantly in 2018 and going forward

The Minister for Finance of Tanzania said on Monday that the economy is expected to grow by 7.2 percent in 2018, up from around 7.1 percent last year, and the fiscal deficit will increase on the back of higher infrastructure spending. Economic output in the East African nation is expected to be boosted by positive activity in the key mining, construction, transport and communications sectors. In a special address to the parliament,.... Read more »

Posted on : Saturday , 1st September 2018

Water projects under Tanga UWASA undergo major upgrade

In a significant development a contract between the Tanga Urban Water and Sanitation Authority (Tanga Uwasa) and Juin Company Ltd. for the rehabilitation of the Lushoto Town water infrastructure to ease water supply was signed. The project, is aimed at easing the supply of water in the district, and will be constructed to the tune of US $341,000 and is expected to take 8 months to be complete. Tanga Water Utility Company, Acting Managing.... Read more »

Posted on : Wednesday , 22nd August 2018