Market News Page No. 194| Africa Business News | Afrotrade

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Rwanda & Turkey Sign Cooperation Agreement on Agriculture

Rwanda and Turkey have signed an agreement of cooperation in the fields of agriculture and livestock, an official at the Rwandan embassy in Ankara, Turkey said. The agreement was signed by Turkey's Minister of Food, Agriculture and Livestock, Faruk Celik, and Rwanda's Ambassador to Turkey, Amb. Williams Nkurunziza, at the closure of the Turkey-Africa Agriculture ministers' meeting in Antalya, last Friday. "The two.... Read more »

Posted on : Tuesday , 2nd May 2017

Kenya: 310MW Lake Turkana Wind Farm Nearing Completion

Nairobi — The Lake Turkana Wind Power Project in Loiyangalani, Marsabit County is set to be completed in two months, paving the way for a 310MW injection in the grid. The project will provide reliable, low-cost wind power to Kenya's national grid for 20 years through 365 wind turbines each with a capacity of 850 kW. State House Spokesman Manoah Esipisu has said the development of the wind farm is ahead of.... Read more »

Posted on : Tuesday , 2nd May 2017

Rwanda: Construction of New Football Stadiums on Schedule - Officials

The pace of local football development is set to improve after district mayors and other stakeholders endorsed the proposed blueprint to construct more football stadiums in the country. This follows a consultative meeting on Saturday in Kigali between Rwanda Football Federation (FERWAFA) and officials from the Federation Royal Morocaine de Football (FRMF), district mayors, Rwanda Housing Authority (RHA) and Ministry of Defense among.... Read more »

Posted on : Tuesday , 2nd May 2017

Ethiopia: Investing in Transport Sector Aiding Economic Growth

The transport sector is an important component of the economy and it plays a very significant role in supporting the intended development in the other sectors. This is very evident in a global economy where economic opportunities have been increasingly related to the mobility of people and goods. A relation between the quantity and quality of transport infrastructure and the level of economic development is apparent. High density.... Read more »

Posted on : Tuesday , 2nd May 2017

Two Kenyan Power Firms Receive $1.6 Million Obama Fund Grant to Boost Green Energy

Two Kenyan power companies have received a Sh164 million grant from former US President Barack Obama's Power Africa initiative to maximise generation of geothermal and solar electricity, known as green energy. The US Trade and Development Agency, under the Power Africa initiative, on Thursday awarded $1.1 million (Sh113 million) to Nairobi-based Xago Africa and another $500,000 (Sh51 million) to the State-owned KenGen.... Read more »

Posted on : Saturday , 29th April 2017

Kenya, Ethiopia Among Top Countries in Wind Energy Investment

Kenya is among the countries poised to lead in wind energy investment in Africa this year according to a new report. Global Wind Energy Council (GWEC), the international trade association for the wind power industry, says Kenya is setting the pace in the region in the use of wind as a renewable source of energy by initiating the generation of 700 megawatts for the national grid. "For the Middle East and Africa, the main.... Read more »

Posted on : Saturday , 29th April 2017

Tanzania: Ministry Unveils Massive Budget for Flagship Infrastructure Projects

Dodoma — The Ministry of Works, Transport and Communication has unveiled a massive 4.5trl/- budget, which among other things, will cover flagship infrastructure development in the 2017/2018 fiscal year. This means, the government will be spending almost 45 per cent of its budget as development expenditure in infrastructure. However, the figure represents a drop of almost 400bn/- compared to the 2016/2017 budget, in which.... Read more »

Posted on : Saturday , 29th April 2017

Tanzania: Gold Regains Top Spot as Country's Largest Export

Dar es Salaam — Gold has regained its prestigious position as Tanzania's largest non-traditional goods export, thanks to a rise in value at the global market, the central bank says. The Bank of Tanzania (BoT) also indicates that there is an increase in volume of gold produced locally. The rise in export value of gold comes amidst a controversy over the government's ban on the export of mineral concentrates that has affected.... Read more »

Posted on : Saturday , 29th April 2017

Tanzania: Grape Farming Receives Boost from PASS Loan

Elias Mgwabi prunes grape plants on his vineyard at Mtitaa Village in Bahi District, Dodoma Region. AT Mtitaa Village in Bahi District, Dodoma Region, a middle- aged farmer Elias Mgwabi and his labourers are trimming down branches from grape plants as fruits begin to grow on his 12-acre vineyard. The vineyard has become a model farm in the country's major grape growing region, attracting other grape growers to visit and learn.... Read more »

Posted on : Saturday , 29th April 2017

Tanzania: Construction of Modern Mega Stadium Underway in Dodoma

Dodoma — Progress has been made ready for a kick start of construction of a mega stadium in Dodoma, President John Magufuli said here yesterday. The president made this remarks at an occasion to mark the 53rd Anniversary of the Union between the then Tanganyika and Zanzibar, held for the first time at the Jamhuri Stadium in Dodoma. "We are making good progress ready to start construction of the biggest stadium in the.... Read more »

Posted on : Saturday , 29th April 2017

East Africa: Kenya Bans Onland LGP Imports from Tanzania

Most of liquefied petroleum gas (LPG) consumers in the country are likely to be purchasing half-filled cylinders due to illegal gas refilling by dishonest traders. The government regulatory authorities and some dealers have confirmed to the Daily News that the problem was rampant in some areas in the country and that they are doing everything in their capacity to resolve it. As a result, such acts have since prompted the government of.... Read more »

Posted on : Saturday , 29th April 2017

Kenya: Social Enterprise Solar Firm to Setup Manufacturing Plant in Kenya

Kenya — Social Enterprise firm GeNNex is set to build its manufacturing plant in Kenya as it eyes the rapidly expanding solar energy sector. The firm produces solar products that charge phone devices and provide power to homes, using off-grid systems. Nathaniel Peat the firms' Co - Founder, says Kenya has become an important market for them having already invested Sh26.4 million in the market. The company is.... Read more »

Posted on : Saturday , 29th April 2017

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