Market News Page No. 196| Africa Business News | Afrotrade

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Tanzania: Norwegian Fertilizer Firm Invests $36 Billion in Dar Port to Boost Imports

IN a bid to ensure production and supply of fertilisers in the country, the Norwegian YARA International company, which produces fertilisers has announced to invest 80bn/- at the Port of Dar es Salaam so as to improve the business. The idea is likely to improve agriculture production in the country, since majority farmers will benefit from the huge investment. The Norwegian ambassador to Tanzania, Ms Hanne-Marie Kaarstad said his.... Read more »

Posted on : Friday , 24th March 2017

Tanzania: China Hails Magufuli Leadership, Funds New Ministry Building

PRESIDENT John Magufuli yesterday witnessed the signing of three agreements between governments of Tanzania and China to support expansion of police training institute in Kilimanjaro and construction of a building for the Ministry of Foreign Affairs and East African Co-operation. Through the agreements, Tanzania has secured 300,000 US dollars (about 660m/-) for the ministry building and 20,000 US dollars (about 44m/-) for the.... Read more »

Posted on : Friday , 24th March 2017

Tanzania: Govt Bans 'Viroba' - Alcoholic Drinks in Plastic Sachets

FOLLOWING the ban on alcoholic drinks packed in plastic sachets, commonly referred to as 'viroba,' the government has revoked permits for production and importation of 20 varieties of the hard liquor which had earlier been approved by the Tanzania Food and Drugs Authority (TFDA). The Minister for Health, Community Development, Gender, Elderly and Children, Ms Ummy Mwalimu, said the government had revoked the permits for production,.... Read more »

Posted on : Thursday , 23rd March 2017

Ethiopia: Ministry Launches New Agricultural Extension Strategy to Transform Sector

The Ministry of Agriculture and Natural Resource said the new Agricultural Extension Strategy is believed to speed up the transformation of Ethiopian agriculture. This was disclosed Monday when the new Ethiopian Agricultural Extension Strategy tabled for discussion with stakeholders. Minister Dr. Eyasu Abriha on the occasion said currently the agricultural, market-oriented, climate change extension services are typical instrument among.... Read more »

Posted on : Thursday , 23rd March 2017

Kenya: All Oil & Gas Contracts Signed By Government Should be Made Public - Civil Society

Nairobi — The Kenya Civil Society Platform on Oil and Gas wants all the oil contracts signed between government and oil exploration companies made public since the discovery of oil in Kenya. Led by Charles Wanguhu, the platform says at least 44 contracts have been signed for drilling in different oil blocks in Turkana but only 10 have been made public. Wanguhu says putting the contracts in the public domain will assist in.... Read more »

Posted on : Thursday , 23rd March 2017

Tanzania: Kuwait Grants $48 Million Loan for Central Corridor Road Project

THE Kuwait government through Kuwait Fund for Arab Economic Development has released a loan of 109bn/- to finance Nyahua- Chanya road project, which will boost economic development through the central corridor. Speaking to reporters shortly after the signing ceremony in Dar es Salaam yesterday, the Minister for Finance and Planning, Dr Philip Mpango, expressed gratitude to the Kuwait government, and said the road is important because it.... Read more »

Posted on : Thursday , 23rd March 2017

Rwanda: Govt, Banks Need to do More to Achieve Cashless Economy

The push by government for Rwanda to achieve a cashless economy is slowly gaining ground with more and more financial institutions embracing and promoting financial technology (fintech). Presently, the majority of banks have rolled out technology-driven services and solutions, a development that has helped them increase options to enhance services as well as enable customers to make transactions easily and deepen inclusion. The.... Read more »

Posted on : Thursday , 23rd March 2017

Tanzania to Send 500 Doctors to Kenya to Ease Health Strike Burden

Tanzania has announced a plan to send 500 doctors to Kenya after a doctors' strike paralyzed health services in the neighboring country for months. Kenyan doctors, however, say the government should not hire any foreign doctors but instead employ the more than 1,000 trained physicians who are unemployed. Tanzanian President John Magufuli announced the plan to dispatch the doctors after a recent meeting in Dar es Salaam with a visiting.... Read more »

Posted on : Thursday , 23rd March 2017

Rwanda: World Bank President Visits Rwanda on Two-Day Official Visit

World Bank Group president Jim Yong Kim is today expected in the country for a two-day official visit. The visit, which will also take him to Tanzania, is his second to the region as World Bank president. Kim is expected to jet into the country at around midday after which he will visit the Zipline Drone project in Muhanga District, the Kigali Special Economic Zone and ICT innovation centre, kLab. On the second day of.... Read more »

Posted on : Thursday , 23rd March 2017

Africa: Govts Urged to Invest More in Energy, Bridge Power Deficit

African states and stakeholders have been urged to invest more in the power sector and close the continent's energy deficit. Africa Progress Panel chairman and former UN Secretary-General Kofi Annan and the African Development Bank (AfDB) chief, Akinwumi Adesina, made the call during the launch of the "Lights, Power, Action: Electrifying Africa," report over the weekend. The report is a follow up to the 2015 Africa.... Read more »

Posted on : Thursday , 23rd March 2017

Ethiopia: Russian Firms Craving to Invest in Ethiopia's Energy Sector - Ambassador

Russian Ambassador to Ethiopia Vsevolod Tkachenko said Russian companies crave to invest in Ethiopia is increasing while eyeing the energy sector as a priority. In an exclusive interview with The Ethiopian Herald, Ambassador Tkachenko stated that Ethiopia's rapid economic ascension lured Russian-based companies to do businesses here. The ambassador said: "Our investors are keen on becoming part of the development in this.... Read more »

Posted on : Wednesday , 22nd March 2017

Kenya: Govt to Setup $8 Million Bull Semen Production Station

The government is finalising the construction of a Sh800 million station to keep bulls that will generate quality semen for Artificial Insemination (AI) services following an increased demand from Kenyan dairy farmers. The bull station, based at the Agricultural Development Corporation (ADC) headquarters in Kitale will supply semen to the Eldoret-based liquid nitrogen plant for storage and sale. Livestock Principal Secretary.... Read more »

Posted on : Wednesday , 22nd March 2017

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