Market News Page No. 288| Africa Business News | Afrotrade

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Kenya receives Sh700m in grants for energy sector

The Energy sector received a major boost yesterday when US President Barack Obama's government gave Kenya grants worth Sh700 million for green energy projects. Speaking at the signing ceremony witnessed by Obama, Deputy President William Ruto said the money will be used to fund clean energy projects in the country. "We have been working on increasing power generation in the country, so these grants will allow us to.... Read more »

Posted on : Friday , 23rd September 2016

China's development fund, Kenyan gov't sign deal on housing project

The China-Africa Development Fund (CADFund) on Thursday signed a memorandum of understanding (MoU) with the Kenyan government to develop 20,000 housing units for civil servants. Speaking at the launch of a new CADFund office in Nairobi, Kenyan Cabinet Secretary for Transport, Infrastructure and Housing James Macharia said Chinese investments have stimulated economic growth in the east African nation. "Kenya has.... Read more »

Posted on : Friday , 23rd September 2016

SolarReserve Promotes Urban Solar Farms As A New Paradigm For Renewable Energy In South Africa

The U.S. Trade and Development Agency awarded a grant to SolarReserve South Africa (Proprietary) Limited to advance their "Urban Solar Farms" initiative in South Africa; a pioneering study into large metropolitan municipalities that will provide a framework for large commercial and industrial electricity consumers with significant power requirements to cost-effectively deploy renewable energy in urban areas. The grant, which.... Read more »

Posted on : Thursday , 22nd September 2016

A Revolution in South African lighting

South Africa – Gearhouse Splitbeam is a long-term professional theatre equipment rental company which, according to its managing director Alistair Kilbee, prides itself on being one of only a handful of true theatre lighting specialists able to supply the requirements of international touring productions from West End, Broadway or anywhere else in the world. As such, the company goes out of its way to ensure that they meet or exceed.... Read more »

Posted on : Thursday , 22nd September 2016

Good news for farmers as Danish firm exports first batch of processed coffee

A Danish firm has exported the first batch of locally processed coffee, raising farmers’ earnings more than three-fold. Africa Coffee Roasters (ACR), set up by Denmark’s largest retail chain, produced 300 kilogrammes of the shelf-ready commodity on Friday. This marks the start of local processing of high-value coffee that has traditionally been exported as beans and roasted abroad before being blended with.... Read more »

Posted on : Thursday , 22nd September 2016

East Africa: Special Machinery to Make Arusha Safest Region's City

Arusha — In an effort to ensure total security within Arusha Urban District, the Regional Commissioner (RC), Mr Mrisho Gambo, has led a dialogue towards forming special machinery to make the city safest haven in East and Central Africa. The task force formed to address the issue has come up with various strategies that got tabled during the meeting headed by the Commissioner here. Attended by various stakeholders.... Read more »

Posted on : Thursday , 22nd September 2016

Asian healthcare giant opens facility in Kenya

Columbia Asia, one of the largest and fastest-growing healthcare companies in Asia, is expanding its operations to Africa to serve the rising demand from the continent’s middle class for affordable, modern and efficient healthcare facilities. The company’s first facility in Africa – a 5,300-square-foot multispecialty clinic and diagnostic center – opened this week in Nairobi, Kenya, a capital city with more.... Read more »

Posted on : Thursday , 22nd September 2016

Bamboo as material of the future

Homes and buildings around the world have been built out of bamboo for millennia, but researchers at the University of Pittsburgh's Swanson School of Engineering are working to make it the building material of the future in developing countries. Bamboo is stronger than timber, is more accessible in remote parts of the world and can perform better in earthquakes and other natural disasters, said Kent Harries, an associate professor.... Read more »

Posted on : Thursday , 22nd September 2016

Kenya: Wild App Launched to Bolster Conservation Efforts

Narok — The use of Information and Communication Technology in conservation efforts is quickly gaining ground in the fight against poaching in East Africa. This was evident at the launch of the Wildlife Information and Landscape Database (WILD) app - a mobile phone data collection application and cloud based database designed to improve collection, sharing, management and analysis of biodiversity information and data in East.... Read more »

Posted on : Thursday , 22nd September 2016

Kenya Seeks Chinese Investment to Develop Agro-Chemicals Industry

Nairobi — Kenya has created a friendly policy and environment to attract Chinese investment in the agro-chemicals market, a senior official said on Tuesday. Cabinet Secretary for Agriculture, Livestock and Fisheries, Willy Bett, said the next phase of Sino-Kenya agricultural cooperation will focus on development of a robust fertilizer and pesticide manufacturing sector. "Kenya has been collaborating with China.... Read more »

Posted on : Thursday , 22nd September 2016

State invites bids for expansion of Nairobi-Mombasa highway

Planned expansion of the Nairobi-Mombasa road into a six-lane super-highway is expected to begin in the next couple of months with the invitation of bids for the project. Transport and Infrastructure secretary James Macharia said the government planned to build the road through a Public Private Partnership (PPP), but fell short of indicating whether it will be Kenya’s first pay -for- use highway as has been.... Read more »

Posted on : Thursday , 22nd September 2016

Africa: Why Legal Timber Matters

Good forest management weeds out corruption and the violence that can accompany crime, ending a vicious cycle Have you ever run your hand across a gleaming table top and wondered where its wood came from? Or asked whose job it was to cut the logs that became your new bookcase? Whose trees were used to produce that pencil you're chewing on? Consider for a moment all the people whose livelihoods, history and future centre.... Read more »

Posted on : Thursday , 22nd September 2016

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