Market News Page No. 258| Africa Business News

Tanzania: Energy Deficit Can Be Tackled by More Investments

The African Trade Insurance Agency (ATI) will tomorrow host an international conference on unlocking investments to maximise Tanzania's Energy Potential. ATI's Chief Underwriting Officer Mr John Lentaigne said in a statement that, "Most international financiers and lenders simply cannot invest in most African countries due to their sub-investment grade ratings without an institution like ATI standing behind these.... Read more »

Posted on : Thursday , 10th November 2016

Rwanda: Minister Calls for More Investors in Energy

The Minister of Infrastructure, James Musoni, has said that while the energy sector has played a key role to the country in achieving an average GDP growth of 8% for the last decade, considerable investment is still required in the sector for the country to achieve its economic target of 11.5% annual growth by 2020. The Minister made the remarks on Tuesday while opening the third edition of the iPAD Rwanda Energy Infrastructure Forum in.... Read more »

Posted on : Thursday , 10th November 2016

Agriculture, Forestry and Fisheries Provides Drought Relief Assistance

Department of Agriculture, Forestry and Fisheries provides much needed drought relief assistance South Africa is battling the worst drought since 1992 which has led to seven provinces (Free State, KwaZulu-Natal, Limpopo, Mpumalanga, North West, Northern Cape and Eastern Cape) declaring a provincial state of drought disaster. The Western Cape Province has declared a local state of disaster in three municipalities (Central Karoo, Eden and.... Read more »

Posted on : Tuesday , 8th November 2016

SHELL, JV PARTNERS GEAR UP TO COMMENCE DRILLING PROGRAMME IN TANZANIA

Shell and its joint venture partners, Pavilion Energy and Ophir Energy have announced the start of its drilling programme covering two wells in Block 1 and 4, located in the Mafia Deep basin off Tanzania. The rig supporting the programme – the Noble Globe Trotter 2 – is expected to commence operations towards the end of October 2016 and will be drilling in waters up to 2300 metres deep. The joint venture partners.... Read more »

Posted on : Monday , 7th November 2016

Coffee Festival Out to Woo Youth Into Farming

A coffee festival that seeks to motivate the youth to pay more attention to agribusiness will be held at Namboole on November 4. The second annual coffee festival, which is organised by different organizations, aims to try and place youth as key drivers of the growth of coffee consumption and exports, which have recently dropped. Joseph Nkandu, the executive director of Nucafe, one of the institutions organizing, said the festival could.... Read more »

Posted on : Monday , 7th November 2016

Nissan Altima to be introduced

The new Nissan Altima enters the local market fresh from its global redesign, which includes a new and dramatic exterior design, more and improved luxury features and a significant mechanical upgrade of the steering and suspension system. The new Nissan Altima features boomerang-shaped headlights, new front and rear bumpers and sculpted fenders. It is fitted with 17” alloy wheels, which perfectly complement the model’s dynamic.... Read more »

Posted on : Monday , 7th November 2016

Solutions for improved dispensing in public health

Solutions for improved dispensing in public health There have been numerous reports in the media about medicine stock-outs at public health facilities which have been framed as a crisis, and indeed, it has been a crisis. Therefore the department of health is rolling out innovative solutions to overcome the country's medicine and staff shortage crises and to improve service to frustrated patients who have to stand in long queues just to.... Read more »

Posted on : Friday , 4th November 2016

Specialist training is the first step in fighting cancer in Africa

Specialist training is the first step in fighting cancer in Africa Did you know that the number of practising oncologists barely hits double digits in most African nations? In fact, there are only 13 oncologists in Kenya (all based in Nairobi) for a population of 47m - that's one oncologist per 3,m people. It's even worse in Ethiopia, where a population of more than 100m is served by just four oncologists in Addis Ababa (you don't need me.... Read more »

Posted on : Friday , 4th November 2016

SA auto parts makers improve their capabilities

Remanufacturing is the rebuilding of old or used products, which are regarded as scrap, to the exact specifications and quality of the original, manufactured product. Worn out, missing or nonfunctioning components are replaced with new or remanufactured components to original-equipment-manufacturer specifications. For v arious reasons, including cost effectiveness and environmental sustainability,.... Read more »

Posted on : Friday , 4th November 2016

creamer business has lifted production by 14%

ZIMBABWE - Nestle Zimbabwe says an US$8 million investment in its creamer business has lifted production by 14%. The growth in output comes after the commissioning of the milk powders and Cremora plant in December last year by Industry and Commerce minister Mike Bimha. “We have invested US$8 million to upgrade our production capacity. We have increased output by 14% in the creamer business,” Nestle MD Ben Ndiaye said on.... Read more »

Posted on : Friday , 4th November 2016

The 'explosion of energy' happening in African design

When people think of African design, they tend to think of either the Out of Africa colonial aesthetic – dark wood, animal skins and khaki and beige hues – or they think of the typical west African wax print. Neither does justice to Africa’s diverse design scene, says Thandi Mbali Renaldi, who in spring this year launched her online boutique of African interiors products, Kudu Home, in the UK. Renaldi, a.... Read more »

Posted on : Thursday , 3rd November 2016

Africa�s power suppliers can make electricity affordable, says World Bank

Africa’s power suppliers can be profitable and still make electricity access affordable for consumers. That’s according to the World Bank’s report, which looked at utilities’ financial statements and power tariffs in 39 African countries and spending data in 22 household surveys. It suggests several ways of recovering the cost of supply and making electricity affordable. That includes.... Read more »

Posted on : Thursday , 3rd November 2016