Market News Page No. 263| Africa Business News | Afrotrade

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Geothermal Energy At The Center Of Djibouti�s Renewable Transformation

Authorities in Djibouti are working to increase the share of renewables in the energy mix, with a particular focus on harnessing the country’s plentiful geothermal resources. In early August Djibouti’s Office of Development of Geothermal Energy inked a memorandum of understanding with Japanese conglomerate Toshiba to develop some 50 MW of geothermal energy projects across the country. Under the terms of the.... Read more »

Posted on : Monday , 24th October 2016

Why versatile bamboo deserves more attention

Over the last couple of years, bamboo has been at the centre of discussions as the future of Kenya. It has been referred to as the miracle crop that can change the way agriculture operates in the country, bringing vast returns as well as benefits to the environment. The truth is that bamboo’s image is undergoing a transformation. Some now call it “the timber of the 21st century”. The crop is the new.... Read more »

Posted on : Monday , 24th October 2016

Tanzania: SIDO Launches Ultra Modern Packaging Centre

Small Industries Development Organisation (SIDO) has launched a multi-million shilling packaging centre in Dar es Salaam to ease shortage package materials to local enterprises. The centre which cost 250,000 US dollars to build, is a one-stop centre of excellence in the continent which supports SMEs services. The Finland Deputy Head of Mission in Tanzania, Mr Simo Pekkaparviainen, said they will borrow a leaf from the centre and.... Read more »

Posted on : Monday , 24th October 2016

Devolution dream come true for Kenya's shujaas, says Kabogo

Devolution is a dream come true for many Kenyan 'shujaas' as it has improved services at the grassroots, Kiambu Governor William Kabogo has said. He spoke in Githunguri on Thursday as Kenya marked Mashujaa Day in honour of those who contributed to the struggle for independence. Kabogo said decentralisation of resources has enabled his county to invest in infrastructure and health, exploit business opportunities and.... Read more »

Posted on : Monday , 24th October 2016

Rwanda-Morocco housing project construction kicks off early 2017

Construction of affordable housing units by the Development Bank of Rwanda (BRD) and Palmeraie Development Group is set to kick off early next year, following the signing of a partnership agreement during the visit of King Mohammed VI of Morocco last week. The agreement sealed a partnership between the two bodies to develop 5000 affordable housing units last week. According to Alex Kanyankole, the chief executive of BRD,.... Read more »

Posted on : Monday , 24th October 2016

Tanzania: Govt Prepares to Establish Tyre Manufacturing Plant

Dodoma — The government has appointed a team of consultants to study and propose approaches for establishment of a tyre manufacturing plant in the country. The Permanent Secretary in the Ministry of Industry, Trade and Marketing, Dr Adelhem Meru, revealed this yesterday before the Parliamentary Committee on Industry Trade and Environment when presenting a report on efforts to revive the defunct General Tyre East Africa.... Read more »

Posted on : Monday , 24th October 2016

Partnering for Development in Africa

In October, the United States Agency for International Development, or USAID, and the Common Market for Eastern and Southern Africa, or COMESA, launched a five-year Regional Development Objectives Grant Agreement at the 19th COMESA Summit, held this year in Madagascar. The agreement, announced in Nairobi, Kenya, provides for USAID to contribute approximately $77 million dollars to strengthen the collaborative partnership between the two.... Read more »

Posted on : Monday , 24th October 2016

Eskom: South Africa well-equipped for nuclear energy

Eskom says South Africa is well-equipped to have nuclear power stations and has a nuclear safety culture, with Koeberg having operated safely for over 32 years. The power utility said on their website about two-thirds of the world’s population live in countries where nuclear power plants are an integral part of electricity production and industrial infrastructures. "The performance of the Koeberg power station.... Read more »

Posted on : Monday , 24th October 2016

East Africa is world�s new oil hotspot

East Africa is fast becoming one of the world’s most interesting oil and gas hotspots. Tullow Oil is a UK oil and gas exploration and production company, which has been on investors’ lips since the late 1980s. Today, they focus on finding and monetising oil in Africa. Recently, Tullow, Africa Oil and Maersk Oil have been drilling for and finding oil in the neglected northwest region of Turkana in Kenya. Out of a total land mass of.... Read more »

Posted on : Monday , 24th October 2016

Senegal in renewables drive as new solar park unveiled

Senegal put into service one of sub-Saharan Africa's largest solar energy projects Saturday as it pushes to become a regional player in renewables on a continent where the majority remain off-grid. The 20-megawatt Senergy 2 project in Bokhol, close to the Mauritanian border, will serve 160,000 people with electricity, and will contribute to Senegal's target of serving 20 percent of its energy needs with renewables by the end of.... Read more »

Posted on : Monday , 24th October 2016

Tanzania: Sh6 Trillion Coal, Iron Ore Projects Hit Snag

Dar es Salaam — The $2.7 billion (about Sh6 trillion) Mchuchuma coal and Liganga iron-ore mining projects in the southern highland zone may delay further as investors await the government's decision to offer incentives, BusinessWeek has learnt. The Energy and Minerals Deputy Minister, Mr Medrard Kalemani said in parliament in May this year that the project - which is being l bankrolled by Sichuan Hongda Group of China in.... Read more »

Posted on : Monday , 24th October 2016

Tanzania: Modern Map Equipment Expected to Reduce Land Conflicts

Singita Grumeti has donated a plotter machine worth 8.7 ml- that is expected to help in solving land conflicts in the wildlife-rich district of Serengeti in Mara Region. The plotter machine which produces colored maps will also help the speed up on the on-going exercise made by Serengeti district council to introduce land use plans in villages. Singita Grumeti Relationship Manager, Mr Amis Seki handed over the modern.... Read more »

Posted on : Monday , 24th October 2016

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