Market News Page No. 283| Africa Business News | Afrotrade

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Tanzania: Oil, Gas Firms Give 4 Billion/ - to Vocational Training

Mwanza — Oil and gas companies under the consortium of Tanzania Liquefied Natural Gas Plant Project (TLNG) have donated 1.9m US dollars (about 4bn/-) to beef up employment opportunities for the youth through vocational training in natural gas in the twin southern regions of Mtwara and Lindi. TLNG is composed of five partners--BG/Shell Group, ExxonMobil, Ophir Energy, Pavilion Energy and Statoil. The assistance is to.... Read more »

Posted on : Thursday , 29th September 2016

Ingenu and Vula Telematix Roll Out Machine Network Across South Africa

Smart Cities Week – Ingenu Inc.™, the pioneer in delivering connectivity exclusively to machines, and Vula Telematix, a leading provider of network solutions for South Africa’s telecommunications and energy markets, today announced the availability of the Machine Network™ in the Western Cape region of South Africa. Vula Telematix, an Ingenu Global Licensing Partner, is the exclusive provider of the Machine Network.... Read more »

Posted on : Thursday , 29th September 2016

Changing lives in Africa: Dental volunteers from A Reason to Smile (ARTS) participate in global outreach

What do a dentist, teacher, lawyer, and graduate student all have in common? They have all volunteered with A Reason To Smile! A Reason To Smile, or ARTS, has completed three successful trips to communities in Africa since March 2015. We’ve also partnered with a local clinic in Tola, Nicaragua, to achieve our mission of providing dental treatment, education, and supplies to those without access to this vital part of health.... Read more »

Posted on : Thursday , 29th September 2016

SolarReserve to Develop 200MW Of Urban Solar Farms in South Africa

Urban solar farms are now being explored in South Africa under a grant awarded by the US Trade and Development Agency. The grant has been has awarded to SolarReserve South Africa Limited to advance its “Urban Solar Farms” initiative in South Africa. This is a study concerning large metropolitan municipalities intended to provide a framework for large commercial and industrial electricity consumers with significant.... Read more »

Posted on : Thursday , 29th September 2016

Davies urges Tesla to invest in South Africa

Trade and Industry Minister Dr Rob Davies, who is attending Monday’s Africa Growth and Opportunity Act (Agoa) forum in Washington DC, made the most of an opportunity at a business breakfast on Sunday to encourage an investment by South African-born entrepreneur Elon Musk in the country of his birth. The DTI said Davies, who was meeting with investors at the breakfast, had urged Musk’s company, Tesla, to work with his.... Read more »

Posted on : Thursday , 29th September 2016

Africa primed for solar PV boom

The cost of solar PV projects in Africa has plummeted by over 60 per cent in the last four years, paving the way for a 'boom' in solar deployment over the coming decade. That is the conclusion of a major new study from the International Renewable Energy Agency (IRENA), entitled Solar PV in Africa: Costs and Markets, which argues installed costs for total installed costs for new African solar PV projects now average $1.30 per watt,.... Read more »

Posted on : Thursday , 29th September 2016

Tanzania: Q400 Manufacturer Upbeat On Its Planes Versatility

The Q400 planes manufacturer, Bombardier Inc, has commented that Tanzania is set to boost air travel after purchasing the "extremely efficient and cost effective planes" also preferred by developed countries. The national carrier, Air Tanzania Company Limited (ATCL), in recent times, remained a mere spectator as both gigantic and medium-sized airlines battled for the country's skies. The government had signed a firm.... Read more »

Posted on : Thursday , 29th September 2016

Tanzania: Insurance Scheme to Cover Heart Disease, Maternal Health

Dar es Salaam — People with heart complications and expectant mothers have reason to smile after the National Health Insurance Fund (NHIF) introduced an insurance package to cover them. This was said yesterday by NHIF acting assistant director general Bernard Konga during a press conference. NHIF will also cover cardiac surgeries at all levels, caesarean sections as well as surgery for appendix which had been.... Read more »

Posted on : Thursday , 29th September 2016

Montreux Natural Resources Fund�s Tanzania mines set to produce first gold

In September 2015, The Montreux Natural Resources Fund, formerly The Montreux Commodity Trading Fund Cayman, expanded its focus in the gold-mining sector by acquiring a 50 per cent stake in the Tanzanian mining investment company GRB Mining Ltd, based in Dar Es Salaam. GRB Mining, which has developed a niche high value-low Capex-low Opex mining model, focuses on the production of gold from small-scale high grade mines in Morogoro,.... Read more »

Posted on : Thursday , 29th September 2016

Tanzania: Statoil Farms in to New Tanzania Gas Licence

Norwegian energy producer, Statoil, has acquired 12 percent working interest in Block 6 licence offshore Tanzania from operator Petrobras Tanzania Ltd. According to the information published in the Norway Post over the weekend, the company has acquired block 6, which covers 5,549 square kilometers in the Mafia basin offshore. It was established that the transaction is subject to the approval by the government of.... Read more »

Posted on : Thursday , 29th September 2016

AfDB seeks investors for Tanzania�s railway line

Nairobi - The African Development Bank will hold an investors’ roadshow to attract as much as $7.6 billion in financing for a railway line linking Tanzania’s port in Dar es Salaam with neighbouring landlocked countries. The Abidjan, Ivory Coast-based lender is teaming up with the World Economic Forum to help attract investors to bankroll the 2 200km line, according to Gabriel Negatu, AfDB’s regional director for.... Read more »

Posted on : Thursday , 29th September 2016

Commodity exchanges bring new hope to Africa�s farmers

At the recent African Green Revolution Forum in Nairobi, one of the outstanding take-outs was that Africa may need $400 billion (Sh40 trillion) in investment in food production over the next decade to meet its needs. But while finance is the problem, it is not the solution if we do not reorient its deployment. Many African countries and donor programmes have invested billions of dollars in the development of agriculture, focusing.... Read more »

Posted on : Thursday , 29th September 2016

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