Market News Page No. 267| Africa Business News | Afrotrade

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Digital Packaging Innovations makes move into digital with Africa's maiden HP Indigo 20000

Kenya's Digital Packaging Innovations (DPI) has ordered an HP Indigo 20000 digital press, the first purchase of this press on the African continent. The press is set to be installed alongside an AB Graphics Digicon 3000 finishing unit, which will provide DPI with a complete end-to-end packaging system. The sale was supported by HP’s local channel partner in Kenya, Elite Digital, along with its own regional.... Read more »

Posted on : Wednesday , 19th October 2016

Malaysian healthcare facility targets Kenyan market with specialised services

NAIROBI, KENYA: Columbia Africa’s first facility in Kenya has officially opened to the public to provide healthcare needs. The over Sh 250 million clinic and diagnostic centre located in Parklands, Nairobi, will target the country’s growing middle class whose appetite for affordable, modern and efficient healthcare facilities is on the rise. Columbia Africa is part of Seattle-based Columbia Pacific Management that also manages.... Read more »

Posted on : Wednesday , 19th October 2016

Remote Village to Become First Fully Solar Powered in Tanzania

Mara — Manila, a remote village in Rorya District, Mara Region has never had electricity for more than 40 years. But residents in the village now have a reason to smile as it will soon become the first fully solar-powered village in Tanzania. It will be light up under a project carried out by Mashaka Foundation in collaboration with US-based American Engineering Group. The project, which uses the Firefly solar.... Read more »

Posted on : Wednesday , 19th October 2016

Iconic Ford Mustang Ponies Up In Kenya�s Right-Hand-Drive Market

Kenya is the second country in Africa after South Africa where Ford Mustangs will be available now that Ford has begun producing a right-hand drive version at its assembly plant in Flat Rock, Michigan, U.S.A. Mark Kass, CEO of CMC Motors, said competition in the auto industry had become stiff and the Mustang is expected to position the dealership favorably in the luxury car market, The Citizen reported. The luxury.... Read more »

Posted on : Wednesday , 19th October 2016

The rise of African renewable power

South Africa will lead the charge, as Sub-Saharan Africa’s renewable energy sector expands Energy supplied from renewable sources across Sub-Saharan Africa will soar by nearly 65% between now and 2040, reaching around 585m tonnes of oil equivalent, according to the International Energy Agency (IEA). The region's power sector will see rapid growth of renewables-based capacity, which will skyrocket from around 20.... Read more »

Posted on : Wednesday , 19th October 2016

Chinese firm to build pharmaceutical plant in Ethiopia

A cornerstone-laying ceremony was conducted on Tuesday to establish a Chinese-invested pharmaceutical plant in Dukem town, about 40 km south of Addis Ababa, Ethiopia's capital. With an investment of 85 million U.S. dollars from a Chinese firm based in southwest China's Chongqing Municipality, the plant, Sansheng Ethiopia Pharmaceuticals Plc, when completed, is expected to have a production capacity of 10 billion tablets, 5 billion.... Read more »

Posted on : Wednesday , 19th October 2016

East Africa: Arusha Onion Growers Start Exports to Juba

Arusha — Onion usually make people cry when peeling them but they are now causing tears of joy among Arumeru growers who have started exporting to South Sudan. Arusha has started exporting onions to the youngest African nation through a recent initiative by Tanzania Horticultural Association (TAHA) to assist local vegetable growers in Arumeru District. That was revealed during the farmers' day at Oleigenuro Village.... Read more »

Posted on : Wednesday , 19th October 2016

Swala Tanzania seeks $120m to fund oil exploration in East Africa

Swala Oil & Gas (Tanzania) has engaged Exotix Partners to raise $120 million in corporate bonds for funding expansion in East Africa. The Dar es Salaam Stock Exchange-listed firm recently acquired oil exploration interests in Burundi from Surestream Petroleum Ltd of Britain and intends to venture into other parts of Africa. Surestream through a subsidiary, Surestream Petroleum (Burundi), owns block D around Lake.... Read more »

Posted on : Wednesday , 19th October 2016

Tanzania: Govt Targets 13% Economic Growth

Dodoma — Tanzania is required to boost its economy by more than 13 per cent annually in order to attain a middle income status by 2025. For the past years the country's economy has been growing by 7 per cent only. Speaking yesterday when launching the Tanzania Investment Bank (TIB) board of directors, Finance and Planning Minister Philip Mpango challenged the board members to ensure the bank put much attention on supporting.... Read more »

Posted on : Wednesday , 19th October 2016

Kenya: The Thrill of Working On New Railway

A huge red-and-white motivational banner that says "Unskilled worker today, engineer tomorrow" stands on a wall at the Mtitu Rail Girders and Sleepers factory at Kilometre 253 from Mombasa on the standard gauge railway route. By the time President Uhuru Kenyatta rides on a train from Mombasa to Nairobi, probably in June next year, when construction of the railway is complete, some 600 bridges and at least 12,000 track.... Read more »

Posted on : Wednesday , 19th October 2016

Kenya says right environment in place to attract investors

Kenyan President Uhuru Kenyatta on Tuesday urged visiting American business community to invest in the East African nation, saying Nairobi has one of the best business environments for any entrepreneur willing to invest. Kenyatta said that for the last three years, the government has undertaken legal and political reforms which are aimed at making the country one of the most attractive investment destinations in the.... Read more »

Posted on : Wednesday , 19th October 2016

Tanzania: Solar Energy Offers Cost Effective Solution

In remote areas where the electricity grid has not reached, entrepreneurs are jumping on the solar bandwagon to light their communities and address their basic energy needs. Our countries continue to depend on the availability of better and easier energy that is affordable to rural Tanzania. The renewable energy sector such as solar and gas resulting from animal waste, electricity generated by wind or waves and more sustainable.... Read more »

Posted on : Wednesday , 19th October 2016

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