N e w s

Rwanda: New Peat Power Project to Boost Power Generation Capacity By 40%

Rwanda's efforts to increase power access to 70 per cent of all households in 2018 have been boosted by the signing of a $350 million (about Rwf291.6 billion) financing deal between lenders and YUMN Limited to develop an 80MW peat-fired power plant.   The project in Mamba Sector, Gisagara District will be funded by the Africa Finance Corporation, Finnfund, PTA Bank, Afrexim Bank, Development Bank of Rwanda, and Exim Bank of.... Read more »

Posted on : Tuesday , 29th November 2016

Tanzania: Shell to Invest U.S.$80 Million with Partners for Gas Drilling

Royal Dutch Shell and its partners -- Pavilion Energy and Ophir Energy -- have announced commencement of gas drilling off the coast of Tanzania in a $80 million investment project.   The drilling will cover two wells in Block 1 and 4, located in the offshore Mafia deep basin and with each depths of up to 2,800 metres.   "In the current investment climate, there is a need to have strong project fundamentals, including.... Read more »

Posted on : Tuesday , 29th November 2016

East Africa: Uganda President Pushes for Ban On Importation of Vehicles

Kampala — East African Community (EAC) member states are spearheading a proposal to ban the importation of cars from outside countries.   President Museveni disclosed yesterday that they are in final stages with other East African states to ensure that no cars are imported into the region, but their spare parts, which will be assembled here to create jobs for East Africans.   However, he warned that this can only be possible.... Read more »

Posted on : Tuesday , 29th November 2016

CHINA’S KEEN INTEREST IN THE AFRICAN AUTOMOTIVE MARKET

  The global automotive business is in its most disruptive era since the advent of the industry over a century ago, creating an abundance of opportunities for new and established companies in the global automotive market. Analysts anticipate the market to grow by 2%, reaching 91 million new units sold in 2016. The African economy has seen steady growth for the past decade and even with sustained low oil and commodity prices, the automotive.... Read more »

Posted on : Monday , 28th November 2016

Ethiopia plans to harness 5,000 MW of geothermal energy

 Ministry of Mines, Petrol and Natural Gas has made public Ethiopia’s plan to harness 5,000 Mega Watts (MW) of geothermal energy by 2037.   The newly appointed Minister of the mnistry, Motuma Mekassa, said that Ethiopia is intensively working to developing renewable energy sources like geothermal energy and expand its partnership with other African countries while addressing the opening of the 6th African Rift Geothermal.... Read more »

Posted on : Friday , 25th November 2016

China eyes East Cape for future investment

 Vice-president describes Coega IDZ as one of the best developments in Africa   China’s Vice-President, Dr Li Yuanchao, completed a whirlwind tour of two Nelson Mandela Bay manufacturing facilities yesterday, ahead of Bi-National Commission talks with the government in Cape Town today.   The visit to what Li called “the Golden Coast” signals growing Chinese interest and potential for increased investment and.... Read more »

Posted on : Friday , 25th November 2016

Calls for inclusion of oral health in curriculum

 Stakeholders want oral health hygiene included in the school curriculum. Participants attending a health forum in Nairobi yesterday concurred that the school curriculum should be reviewed, to include oral health so that children can acquire knowledge at an early age on how to keep their mouths and teeth healthy. The move could see formation of vibrant health clubs in schools to let pupils learn about oral hygiene. Olive Mbuthia, a.... Read more »

Posted on : Friday , 25th November 2016

High Speed Steel (HSS) Metal Cutting Tools Market: Set to Grow Exponentially

 Tooling is important part of the manufacturing process since machine tools are used to bore, grind, mill, tap, and form, drill, cut, shape, cut and cast, determine the quality of manufactured product. Manufacturing industries would continue to create demand for HSS metal cutting tools. The increasing focus on customer satisfaction and product quality is also helping to boost the market for high performance cutting tools.   The total.... Read more »

Posted on : Friday , 25th November 2016

gridComm, Somerset Group Bring Smart Street Lighting Sensory Network to Africa

  gridComm, a leader in smart street light solutions and IoT sensor networks, and civic-minded investment firm Somerset Group have partnered to install smart street lighting sensory networks across the Kingdom of Swaziland. A developing country with a small economy, Swaziland -- a member of the Southern African Customs Union (SACU) and Common Market for Eastern and Southern Africa (COMESA) -- is flanked by the Republic of South Africa and.... Read more »

Posted on : Friday , 25th November 2016

Mpact Plastics FMCG division, leading producer of rigid plastic packaging in SA

 This multifaceted business, which ranks among the top players in South Africa’s multi-billion-rand plastics packaging sector and serves a multitude of blue-chip customers, manufactures a range of packaging products for the food, beverage, personal care, homecare, pharmaceutical, agricultural and retail markets, primarily in South Africa. Raw materials are sourced from a number of South African and international suppliers.   In.... Read more »

Posted on : Friday , 25th November 2016

Kenya's Development Agenda on Track, Says Chinese Envoy

 Nairobi — The Chinese Government has expressed confidence in the country's development agenda saying the nation has made major strides in infrastructure development.   Speaking Monday during an award ceremony of 20 scholarships to University of Nairobi students drawn from various disciplines, Chinese ambassador to Kenya Liu Xianfa lauded the efforts made by the Jubilee Administration in connecting the country to the national.... Read more »

Posted on : Friday , 25th November 2016

Tanzania to develop multi-million dollar water project with China

 Construction of an over TZS 600bn water project to cater for an industry boom in Mtwara Region is scheduled to start this financial year, the government affirmed on Tuesday 1 November, reports the Tanzania Daily News.. Upon completion, the project which is expected to consume USD 281m (about TZS 604bn) will supply the region with 120m litres daily from Ruvuma river, according to the Permanent Secretary (PS) in the Ministry of Water and.... Read more »

Posted on : Friday , 25th November 2016



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