Market News Page No. 270| Africa Business News | Afrotrade

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Completion of Kenya Outering road now set for September 2017

The completion of the busy Nairobi’s outering road is now set for September 2017, Kenya National Highways Authority(KeNHA) has said. According to KeNHA officials the project haven’t been implemented about 64 kilometers hence bringing late by two and a half months. Though the Chairman of the Kenya Urban Roads Authority (KURA), Daniel Njora said that the delay was ‘normal’ and the.... Read more »

Posted on : Saturday , 15th October 2016

Rwanda: World�s first drones for medical supplies launched today

The first medical supply by remotely piloted aircraft, popularly known as drones, will be launched in Rwanda today. The pioneer project, in Muhanga District in southern Rwanda, will see drones used in delivery of much needed supplies to ensure efficiency and timeliness. The launch comes nine months after the Government entered into an agreement with Zipline Inc, a California-based robotics firm to build infrastructure for unmanned.... Read more »

Posted on : Saturday , 15th October 2016

Kenya: Construction of solar farm gets green light

The long awaited construction of East Africa’s largest solar power plant in northern Kenya is set to commence as Kenya Power agrees to a 25-year Power Purchase Agreement. Power plant developer, Rural Electrification Authority (REA), announced last week that it has concluded a PPA with Kenya Power to sell electricity generated from the solar farm at $0.12/kWh. According to the Daily Nation, REA chairman Simon Gicharu made the.... Read more »

Posted on : Friday , 14th October 2016

South Africa backs India on solar sourcing

outh Africa has backed India’s local sourcing rules in solar equipment manufacturing, while calling for BRICS countries to come up with a joint strategy to work around regulations of the World Trade Organisation (WTO). “BRICS nations need to compare notes on how to re-construct their renewable energy programmes to ensure that the localisation requirements do not technically flout WTO rules,” South Africa’s.... Read more »

Posted on : Thursday , 13th October 2016

Kenyan Tycoon Naushad Merali Set To Open $30 Million Milk Factory

Sameer Agriculture & Livestock Limited (SALL Kenya), a food processing company owned by Kenyan multimillionaire businessman Naushad Merali, is set to open a $30 million milk factory later this year in Kenya. According to a report by Business Daily, SALL’s new dairy processing plant is currently being set up in Nakuru and will be operational by June next year. When completed, the plant is expected to employ an estimated.... Read more »

Posted on : Thursday , 13th October 2016

Tanzania: Traders Now Seek to Benefit From Improved Airport

Dodoma — In the recent past, the government spent nearly Sh11.8 billion on the expansion of Dodoma Airport . Work on the much touted renovation has been carried out at a time when preparations to shift the government's seat from Dar es Salaam to the designated capital are in full swing. President John Magufuli said recently that his fifth phase government would be fully operational in Dodoma within the next four.... Read more »

Posted on : Thursday , 13th October 2016

Kenya, Korea sign pact to set up ICT hubs

Kenya and Korea have signed an MoU to bolster growth of ICT in the country which will see the latter develop a technology institute at Konza technocity. The deal signed by ICT CS Joe Mucheru and his Korean counterpart Choi Yanghee will see the two countries exchange ideas on how to change lives through ICT. This will entail exchanges between government ministries, agencies, research and training institutes, businesses and.... Read more »

Posted on : Thursday , 13th October 2016

Equity firm Fanisi targets Sh10 billion in fundraising for regional investments

Fanisi Capital, a private equity firm targeting start-ups, aims to raise between Sh7.6 billion ($75 million) and Sh10.13 billion ($100 million) in the second round fundraising for regional investments. The fund targets enterprises in Kenya, Rwanda, Tanzania and Uganda. Chief executive Ayisi Makatiani said the Fanisi Capital Fund II hopes to generate up to $40 million (Sh4 billion) locally, with the rest coming from international.... Read more »

Posted on : Thursday , 13th October 2016

Rwanda cheapest for solar home systems

With only $6.5/month for two years and with no down payment, Rwandan consumers have the possibility to acquire high quality certified solar home system worth over $150 with four lights, a phone charger and a radio. Energy opportunity As a result of customer-centric project design, in collaboration with Energy Development Corporation Limited (EDCL) that uses large scale operations and a unique delivery model in collaboration.... Read more »

Posted on : Wednesday , 12th October 2016

Ethiopia: Attracting Many More Investors in Forestry

Forestry investment is one of the untapped investment opportunities in Ethiopia. Obviously, investment in forestry could yield attractive returns to all actors and contribute substantially to the economic, social and environmental development of countries. Yes, in line with the existing core values of nurturing and caring for forest ,environmentally and socially conscious investors are actively exploring the "ins and.... Read more »

Posted on : Wednesday , 12th October 2016

Esse Pumped About Airless Packaging System for Probiotic Skincare Line

Striking packaging is helping South Africa-based Esse successfully launch its Esse Probiotic Serum skincare line. Esse uses innovative production techniques, airless glass packaging and a preservative-free formula for its Probiotic Serum, which launched in 2015 as what the company says is the world's first live probiotic serum. The probiotic microbes are encapsulated and suspended in an oil base, reanimating and dividing when they.... Read more »

Posted on : Wednesday , 12th October 2016

PSA Makes Europe Player in Ethiopian Auto Industry

French automaker PSA Group turns to Ethiopia to launch assembly of Peugeot 2008, 301 and 208 models. PSA opened the new $1.2 million assembly plant in partnership with Mesfin Industrial Engineering, a local business that built the factory in Tigray in the northern region of the East African country. It is expected initially to assemble 1,200 vehicles yearly for sale to Ethiopia’s growing car market and to neighboring.... Read more »

Posted on : Wednesday , 12th October 2016

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