N e w s

Tanzania: BoT State of the Economy Report Viewed Favourably

 The state of the economy presented by Central Bank Governor, Professor Benno Ndulu, in Dar es Salaam on Wednesday has met with positive reaction from the public with analysts projecting a bright future for the country.   "The economic indicators are true and there is a bright future of the country's economy," a senior lecturer from the University of Dar es Salaam, Professor Humphrey Moshi, said in the city.... Read more »

Posted on : Saturday , 17th September 2016

East Africa: Davis & Shirtliff Partners With German Solar Manufacturer SMA to Supply Energy Solutions in East Africa

 Davis & Shirtliff, East Africa's leading supplier of water and energy products has announced an exclusive distribution partnership with German global solar market leader, SMA Solar Technology AG.   SMA is a manufacturer and supplier of solar inverters for photovoltaic systems with electricity grid connection, off-grid power supply and backup operations. Together with Davis & Shirtliff, the partnership will offer innovative.... Read more »

Posted on : Saturday , 17th September 2016

Kenya: Frankfurt Firm Gives Small Loans Locally

 A Frankfurt Stock Exchange-listed company, MyBucks, has started advancing loans to informal sector workers in Kenya through mobile phones.   GetBucks Kenya is advancing loans of between Sh455 (€4) and Sh4,556 (€40) at a 12.67 per cent interest rate with re-payment period of six days.   Borrowers are required to have an M-Pesa account and an active Facebook account which MyBucks will use to evaluate credit risk and.... Read more »

Posted on : Saturday , 17th September 2016

Kibo Mining adds General Electric to roster at Mbeya

 Kibo Mining PLC (LON:KIBO) has pulled in one of the biggest names in world engineering to help construct the thermal power plant at its Mbeya project in Tanzania.   US giant General Electric has signed a memorandum of understanding to supply equipment, technology and its help to bring the project to a financial close.   Talks are now underway to make the MOU into a binding agreement.   Louis Coetzee, CEO of Kibo.... Read more »

Posted on : Saturday , 17th September 2016

Africa: Shell Readies to Drill Off Tanzania in Q4

 Dar es Salaam — Oil major Shell is planning to start exploration drilling offshore Tanzania later this year, according to partner Ophir Energy.   The US$20 million drilling program, due to start in Q4, will comprise two wells on Blocks 1 and 4 and target >1 Tcf of gas, says Ophir. Shell became operator on the blocks after taking over BG Group earlier this year. The well on Block 1 will target Kitatange, with an estimated.... Read more »

Posted on : Saturday , 17th September 2016

Mondi reports solid H1 earnings, despite difficult trading environment

 International packaging and paper group Mondi's underlying earnings a share improved to 75c apiece for the six months ended June 30, up from 67.8c in the six months to June 2015.   Its profit after tax increased from €313-million in the six months to June 2015, to €390-million in the period under review.   "We saw strong contributions from consumer packaging, uncoated fine paper and the South Africa division,.... Read more »

Posted on : Saturday , 17th September 2016

Mondi reports solid H1 earnings, despite difficult trading environment

 International packaging and paper group Mondi's underlying earnings a share improved to 75c apiece for the six months ended June 30, up from 67.8c in the six months to June 2015.   Its profit after tax increased from €313-million in the six months to June 2015, to €390-million in the period under review.   "We saw strong contributions from consumer packaging, uncoated fine paper and the South Africa division,.... Read more »

Posted on : Saturday , 17th September 2016

France, South Africa to foster pulp, paper industry relationships

 With South Africa and France being "well recognised" as key players in the international paper industry, it is essential to engage in "fruitful exchanges", including knowledge sharing and stakeholder solutions for the industry.   This is according to ambassador of France Elisabeth Barbier, who spoke at the French-South African Technical Symposium on Innovation and New Technologies in the Pulp and Paper Industry,.... Read more »

Posted on : Friday , 16th September 2016

France, South Africa to foster pulp, paper industry relationships

 With South Africa and France being "well recognised" as key players in the international paper industry, it is essential to engage in "fruitful exchanges", including knowledge sharing and stakeholder solutions for the industry.   This is according to ambassador of France Elisabeth Barbier, who spoke at the French-South African Technical Symposium on Innovation and New Technologies in the Pulp and Paper Industry,.... Read more »

Posted on : Friday , 16th September 2016

Lighting up the Bluetooth and smart lights market

 Lighting has come a long way over the years. Consumers today can now choose from advanced lighting featuring either Bluetooth or smart lighting technology.   ver wish you could turn on/off a light without having to walk over to the switch? Traditional lights work via a wall-mounted switch. Flipping the switch up turns the light on, while flipping the switch down turns it off. While most lights continue to use this format, there's.... Read more »

Posted on : Friday , 16th September 2016

Rwanda: Amashanyarazi Kuri Bose - EDCL Kicks Off Rural Electrification Campaign

 This month the government through Energy Development Corporation Limited (EDCL) has kicked off a rural electrification campaign that will see Rwandans staying 37 meters from wooden distribution poles get connected to electricity and many others have access to electricity through off-grid solar energy connections.   The New Times' Minnie Karanja in an exclusive interview with Emmanuel Kamanzi, the Director General of Energy.... Read more »

Posted on : Friday , 16th September 2016

Scientists combine satellite data, machine learning to map poverty

 One of the biggest challenges in providing relief to people living in poverty is locating them. The availability of accurate and reliable information on the location of impoverished zones is surprisingly lacking for much of the world, particularly on the African continent. Aid groups and other international organizations often fill in the gaps with door-to-door surveys, but these can be expensive and time-consuming to conduct.   In.... Read more »

Posted on : Friday , 16th September 2016



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