Market News Page No. 262| Africa Business News | Afrotrade

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Tanzania: NSSF All Set to Construct Modern Hospital in Dar

Arusha — The National Social Security Fund (NSSF) has unveiled a catalogue of major investments it plans to execute in the near future. But the fund says it is facing some challenges, which may affect the implementation of the investments, including high defaulters on loans and rent. The NSSF director general, Mr Godius Kahyarara, told the stakeholders' conference here last week that although this time around the.... Read more »

Posted on : Tuesday , 25th October 2016

The race for oil and gas in Africa

Africa is home to some of the world's fastest-growing economies, with many of them relying on oil for foreign exchange. It is estimated that 57 percent of Africa's export earnings come from hydrocarbons. Proven oil reserves have grown by almost 150 percent, increasing from 53.4 billion barrels since 1980, to 130.3 billion barrels by the end of 2012. The region is home to five of the top 30 oil-producing countries in.... Read more »

Posted on : Tuesday , 25th October 2016

The uptake of off-grid solar systems in Africa

In Africa 60 million people are using off grid solar panel systems for cheaper, cleaner and more reliable energy. According to statistics from IRENA, 10 per cent of the 600 million people living off-grid in Africa now use clean solar energy to power their homes. The decreasing prices of home solar panel systems in Africa have make this uptake possible - the cost for solar being lower than diesel and.... Read more »

Posted on : Tuesday , 25th October 2016

AfDB provides R4.2m for South African sustainable mining efforts

To develop skills and knowledge in sustainable development and mining, the African Development Bank (AfDB) has granted R4.2-million to an initiative run by the South African government and the University of Cape Town (UCT). Aimed at helping turn the minerals extraction and beneficiation industries into a force for sustainable development in the country, the grant was made from AfDB’s Middle Income Country Technical Assistance.... Read more »

Posted on : Tuesday , 25th October 2016

Western Donors Support Big Agriculture in Africa

Western donors, including the Bill and Melinda Gates Foundation, are putting their money and power behind promoting a market-based, pro-agribusiness model for developing countries through a World Bank program, Enabling the Business of Agriculture (EBA), according to the report released earlier this year, titled “The Unholy Alliance: Five Western Donors Shape A Pro-Corporate Agenda For African Agriculture” from the Oakland.... Read more »

Posted on : Tuesday , 25th October 2016

Tanzania: Halali Adoption to Boost National Economy

TANZANIA is expected to adopt 'Halali Certification logo' next year, a move that will boost the export and national economy. Speaking to reporters yesterday, the National Muslim Council of Tanzania (BAKWATA) general secretary, Selemani Lolila said Tanzania traders will be able to export products to more than 30 countries after adopting the logo. Halali is a logo, which is stamped to products that have been prepared according to.... Read more »

Posted on : Tuesday , 25th October 2016

Tanzania: 40,000 Homes 'To Get Power From Mini-Grids'

Arusha — Over 40,000 households in 160 villages across the country would be connected with electricity by 2020 through mini-grids to be installed by PowerCorner Tanzania, a firm established in 2015 to provide energy access to the rural areas. A total of $ 140,000 will be spent on the mini-power grid with the connection charges not exceeding $1,000 per village, according to Frederic Madry, the managing director of the Dar es.... Read more »

Posted on : Tuesday , 25th October 2016

Ford, Nissan lead effort to further develop industry in Africa

LAGOS, Nigeria -- A group of carmakers led by executives from Ford Motor Co. and Nissan Motor Co. will seek to work with Kenyan authorities to develop an auto-manufacturing industry in the east African country, building on talks with Nigerian lawmakers about their own market. The African Association of Automotive Manufacturers, which also includes Toyota Motor Corp., General Motors, BMW AG and Volkswagen AG, has formed to take.... Read more »

Posted on : Tuesday , 25th October 2016

Agency to spend Sh2.8b on system to name roads and label buildings

The Government will spend an estimated Sh2.8 billion on a system that will give names to all roads, and assign numbers to all buildings and parcels of land. The National Addressing System (NAS), which is being developed by the Communications Authority of Kenya (CA), will enable authorities to pinpoint where every Kenyan lives and works. It is also expected to enable the Government to offer essential services to all Kenyans, including those in.... Read more »

Posted on : Tuesday , 25th October 2016

Tanzania: Ashok Leyland to Supply Vehicles Worth U.S.$170 Million to Dar

Ashok Leyland, an Indian based company has won an order valued 170m/US dollars from the government of Tanzania for purchase of Leyland's vehicles. According to the statement released by Ashok Leyland's Head of Marketing and Corporate Communication, Mr Rajesh Mani the company will also supply generator- sets, spares and equipment for development of workshops, training modules and allied equipment to be fitted on.... Read more »

Posted on : Tuesday , 25th October 2016

Ecobank in Sh10m deal with UN agency

Pan-African lender Ecobank has partnered with the United Nations High Commission for Refugees and donated Sh10 million for the agency's programmes in Africa. The two organisations operate in 28 African countries, and through the partnership they aim to reach 430,000 beneficiaries over the next few years. “Corporates like Ecobank Group help us to find homegrown solutions to the problem of refugees in Africa. While.... Read more »

Posted on : Tuesday , 25th October 2016

Ethiopia commits to increase rice production

The Ethiopian government had forwarded an official application to Africa Rice that was reviewed by the Council under the chairmanship of Vincent Ssempijja, the Ugandan Minister for Agriculture, Animal Industry and Fisheries during the Council’s 30th Ordinary Session. Accepting the approval on behalf of Ethiopia as the 26th member state was Adungna Wakjira, Deputy Director General of the Ethiopian Institute of Agricultural.... Read more »

Posted on : Monday , 24th October 2016

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