Market News Page No. 200| Africa Business News | Afrotrade

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Kenya: Ukraine to Export Yellow Maize Worth $100 Million to Kenya

Officials on Wednesday remained mum as Ukraine announced that Kenya planned to import five million bags or 450,000 metric tonnes of yellow maize for the first time in five years at an estimated cost of over Sh10 billion. On Tuesday the former Soviet republic, one of the top global producers of corn, asked firms in the country to prepare bids for the maize expected to be for cattle feeds manufacturing. "Companies interested.... Read more »

Posted on : Friday , 17th March 2017

Ethiopia: Integrating Value Enhancement Practices to Agri-Teaching

Agricultural teachings need to be offered in line with smallholder farmers' interests and given special focus on value enhancement technologies as well as practices. The remark was made by Dr. Deola Naibakelao, Managing Director of Sasakawa Africa Fund for Extension Education (SAFE) Monday at a three- day SAFE networking workshop. The Managing Director further said: "If small-scale farmers get advice from extension staff who passed.... Read more »

Posted on : Thursday , 16th March 2017

Kenya: Farmers Assured of Seed Stocks Ahead of Planting Season

The Kenya Seed Company has assured farmers of adequate certified seed stocks ahead of the planting season expected to begin from April in most parts of country. Kenya Seed Managing Director Azariah Soi said there are about 30,000 tonnes of maize seeds in the market. "There is no cause for alarm. We have also adequate seeds stocks for other crops such as wheat and beans. The sufficient maize varieties are there for the all.... Read more »

Posted on : Thursday , 16th March 2017

Ethiopia: Roads Authority Awards Construction Contracts Worth $350 Million

The Ethiopian Roads Authority (ERA) awarded Monday a 7.9-billion Birr road construction and maintenance projects to six local and foreign contractors. The projects with 468 kilometers of length combined would generate over 3,500 jobs. ERA Director-General Araya Girmay and the managers of the construction companies signed the contracts. The projects include the Cheko-Yergachefe road project which is part of the Addis-.... Read more »

Posted on : Thursday , 16th March 2017

Ethiopia, South Korea Sign $13 Million Electronic Customs Clearance System Deal

Ethiopia and South Korea signed a 13-million deal for the installation of electronic customs clearance system in the former. According to the agreement South Korea's electronic customs clearance system called "UNI-PASS" will be installed in Ethiopia by 2020, Korea Customs Service said in a statement. South Korea has exported the UNI-PASS system to a total of 11 countries, including African countries Cameroon and.... Read more »

Posted on : Thursday , 16th March 2017

Ethiopia: Food Inflation Reaches Nine-Month High of 7.8 Percent

Food inflation soared to its highest level in nine months in February, reaching 7.8pc similar to last February. One of the major factors behind the inflation was the rise in the prices of vegetables. This comes during the beginning of the Easter fasting season, as well as just after an announcement of a salary adjustment for civil servants. Last week, the Ministry of Trade reported that there were signs of price increases by some.... Read more »

Posted on : Thursday , 16th March 2017

Kenya: Govt has Invested Over $400 Million in Coastal Infrastructure Projects - President Kenyatta

Mombasa — The government has invested over Sh40 billion in infrastructure projects to accelerate development in the Coast region, President Uhuru Kenyatta has said. Speaking Monday when he launched resumption of the Mtongwe Ferry Services, President Kenyatta said his administration has also set aside Sh2.2 billion to buy two new ferries to boost services. He announced that the new ferries - which will arrive in the.... Read more »

Posted on : Thursday , 16th March 2017

Tanzania: Construction of New 33KW Power Line Complete, Will Help Pump More Water to Dar

DAR ES SALAAM residents will soon breathe a sigh of relief over water shortages following completion of the construction of a 33KV power line that will enable pumping of 196 million litres of water from Upper Ruvu Water Treatment Plant to the city daily. The 45-km power line was constructed from Chalinze sub-station to Mlandizi, where the newly built water treatment plant is located. The major plant which is expected to address.... Read more »

Posted on : Thursday , 16th March 2017

Tanzania: New Power Plant Set to End Dar's Water Woes

DAR ES SALAAM residents will soon breathe a sigh of relief over water shortages following completion of the construction of a 33KV power line that will enable pumping of 196 million litres of water from Upper Ruvu Water Treatment Plant to the city daily. The 45-km power line was constructed from Chalinze sub-station to Mlandizi, where the newly built water treatment plant is located. The major plant which is expected to address.... Read more »

Posted on : Thursday , 16th March 2017

Kenya: Construction Industry Poised to Register Record Growth

The construction industry in the country is projected to grow steadily and outperform all Sub-Saharan countries for the next 10 years. The growth has been based on the government's huge spending on infrastructure projects like the standard gauge railway and the Lamu port alongside foreign investment flow. The market is, for instance, expected to grow by 8.7 per cent in 2017 and remain steady up until 2026 with an annual growth.... Read more »

Posted on : Thursday , 16th March 2017

Tanzania: Govt to Invest Heavily in Agro Industries, Assures Farmers of Reliable Markets

The government has assured farmers of reliable markets of their produce as it prepares to invest heavily in industries towards transforming the economy. Minister for Agriculture, Livestock and Fisheries, Dr Charles Tizeba, told farmers who turned up at the SAGCOT Annual Partnership Forum in Dar es Salaam over the weekend that the contribution of the agricultural sector in the industrialisation drive was inevitable. "We.... Read more »

Posted on : Thursday , 16th March 2017

Samsung Signs Up As Sponsor for BUILDEXPO Africa 2017

Dubai, UAE – Expogroup is delighted to announce that Samsung Electronics East Africa has signed up as a sponsor for BUILDEXPO Africa 2017, the 20th edition of East Africa’s largest building and construction show. The events will take place at the Kenyatta International Conference Centre (KICC) in Nairobi, Kenya from the 20th to 22nd April, 2017 and at the Mlimani City Conference Centre (MCCC) in Dar es Salaam, Tanzania from the 10th.... Read more »

Posted on : Tuesday , 14th March 2017

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