Market News Page No. 221| Africa Business News | Afrotrade

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Kenya: Konza City to be African Tech Hub with Independent Fiber Optic Links

Konza city will be connected to two independent fiber links by March 2017. This is according to a tweet posted on the Konza Techno CIty Twitter platform, @konzatechnocity. In earlier updates, the hub had already tapped into the National Optic Fibre Backbone Infrastructure (NOFBI), which will see the techno city connected with three separate high speed internet infrastructure. On completion, the techno city which is.... Read more »

Posted on : Monday , 30th January 2017

Kenya: Mombasa Cement to Build $2.5 Million Wind Farm

Mombasa Cement is set to build a 36 megawatt (MW) wind farm in Kilifi for its own use and sale to Kenya Power. The project, which consists of 12 turbines of 3MW each, will cost an estimated Sh260 million, according to regulatory filings submitted by the cement manufacturer. The wind park will be build on a section of the 1,200 acres of land Mombasa Cement owns in Vipingo, on which it already operates a clinker factory that.... Read more »

Posted on : Monday , 30th January 2017

Kenya: Mombasa Cement to Construct 36 MW Wind Energy Project

Mombasa Cement is set to build a 36 megawatt (MW) wind farm in Kilifi for its own use and sale to Kenya Power. The project, which consists of 12 turbines of 3MW each, will cost an estimated Sh260 million, according to regulatory filings submitted by the cement manufacturer. The wind park will be build on a section of the 1,200 acres of land Mombasa Cement owns in Vipingo, on which it already operates a clinker factory that.... Read more »

Posted on : Monday , 30th January 2017

Kenya: Aga Khan Hospitals to Get $12.5 Million Upgrade

The Aga Khan Health Services-Kenya and Agence Française de Développement (AFD) have signed a Ksh1.25 billion ($12.5 million) expansion and upgrading agreement for Kisumu and Mombasa Aga Khan hospitals. Aga Khan Hospital Mombasa chief executive Noorali Mimon said key among the beneficiaries would be a cardiology programme and a day-care chemotherapy centre. Moyez Alibhai, chairman of the Aga Khan Health.... Read more »

Posted on : Wednesday , 25th January 2017

Rwanda to Get 4 More Regional Centres of Excellence

Rwanda is set host to four new regional centres of excellence to provide post-graduate education relevant to the labour market as well as enable the country and the region to embrace latest trends across various sectors. The regional centres of excellence are under the World Bank-funded African Centres of Excellence. The centres of excellence are in the areas of Energy for Sustainable Development, Internet of Things, Teaching.... Read more »

Posted on : Wednesday , 25th January 2017

Rwanda: Govt Embarks on Training Program to Empower SMEs

The Government has embarked on a training programme to equip Small and Medium Enterprises in the meat value chain. The training will help livestock farmers, butchers, meat processors and suppliers meet hotel, supermarket and aviation industry standards by acquiring Hazard Analysis and Critical Control Points (HACCP) certification. Being HACCP-certified means that a product is safe, indicating that the consumer will not get sick.... Read more »

Posted on : Wednesday , 25th January 2017

Kenya: KAA Seeks $290 Million for Upgradation of Airports

The Kenya Airports Authority (KAA) is seeking a Sh29 billion loan from the World Bank to finance the upgrade of the country's airports. Under an initiative dubbed Kenya Aviation Modernisation Project, KAA said yesterday it plans to use part of the proceeds to improve passenger terminal capacity at the Jomo Kenyatta International Airport (JKIA) in Nairobi as well as boost its management systems. The move comes nearly a year.... Read more »

Posted on : Wednesday , 25th January 2017

Kenya to Get Better Trade Deals From UK Post Brexit

Kenya should expect better deals with the United Kingdom once the country completes the process of exiting from the European Union, UK High Commissioner to Kenya Nic Hailey has said. Mr Hailey said with reduced restrictions that come with membership in a trade bloc like the EU, Britain would negotiate better and lucrative agricultural produce deals with Kenya. "Once the process of exiting is complete, the UK will negotiate.... Read more »

Posted on : Wednesday , 25th January 2017

Kenya: New Irrigation App to Reduce Crop Losses, Water Wastage

Kunene — System isn't cheap - but for one farmer it has cut crop losses from drought from 70 percent to 10 percent Dressed in brown overalls, gumboots and a hat, John Njeru kneels and scoops up a handful of soil at his small farm in central Kenya, where he grows tomatoes, spinach and carrots. "Not only has there not been enough rain in the past few months, it's also been unevenly distributed," he said, picking.... Read more »

Posted on : Wednesday , 25th January 2017

Tanzania: TPSF to Establish Turkey-Tanzania Business Secretariat

The Tanzania Private Sector Foundation (TPSF) has embarked on procedures to form a secretariat for the Business Council between Tanzania and Turkey at a high pace following President John Magufuli's directive to fast-track stronger trade relations between the two countries. The Business Council came to fruition during the Tanzania-Turkey Trade Forum after the business community from both countries signed the Memorandum of Understanding.... Read more »

Posted on : Wednesday , 25th January 2017

Tanzania: President to Launch Dar Bus Rapid Transit Operations

Dar es Salaam — President John Magufuli is scheduled to launch the operations of the Dar es Salaam Bus Rapid Transit which was financed by the World Bank through the Second Central Transport Project (CTCP2). The event will take place during the tour of the WB vice president for Africa Region, Dr Makhtar Diop, who is expected in the country today for a three day visit. The WB vice president will also hold high level.... Read more »

Posted on : Wednesday , 25th January 2017

Ethiopia: Road Construction Spree to Continue

The latest six-month report released by the Ethiopian Roads Authority (ERA) revealed that it spent over nine billion Birr to construct roads in the past six months. This accounts for close to one-fifth of the budget allocated for the current fiscal year. There are 13 new projects that will be launched in 2017. The original plan was to spend 13 billion Br to construct roads, award new road projects and execute on-going road projects. The.... Read more »

Posted on : Wednesday , 25th January 2017

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