Market News Page No. 300| Africa Business News | Afrotrade

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Despite problems SA still represents half sub-Sahara mining

A new report by BMI Research, a Fitch company, shows despite South Africa’s many setbacks and challenges the country will continue to dominate mining in sub-Sahara Africa. BMI says outlook for mineral production, trade and consumption will vary significantly across the region with Côte d'Ivoire and the Democratic Republic of Congo (DRC) recording the strongest economic growth rates due to a combination of strong.... Read more »

Posted on : Thursday , 15th September 2016

Sigh of relief for SA economy as auto sector signs wage deal with no disruption to vehicle production

The Automotive Manufacturing Employers’ Organisation has announced a new three-year wage agreement with a key labour union. The wage increases and benefit structure agreement is for the 2016 – 2019 period. The negotiations were concluded in Port Elizabeth on Friday between the automotive manufacturing sector and the National Union of Metalworkers of SA (Numsa). The agreement holds the promise of a.... Read more »

Posted on : Thursday , 15th September 2016

LNG Markets Conducive to �Gas to Power� in Africa

Fundamental changes in the international market for liquefied natural gas (LNG) over the past few years have for the first time made gas to power projects practical in those parts of Africa that do not have a domestic supply of natural gas or access to a natural gas pipeline grid to import natural gas from countries that do. These changes to the LNG market, when coupled with the development of floating LNG storage and regasification units.... Read more »

Posted on : Thursday , 15th September 2016

South Africa: Cancellation of R1.5 Million Luxury Mayoral Car a Victory for Accountability

The DA in Mpumalanga welcomes the decision by eMalahleni Municipality to reverse the purchase of a R1.5 million luxury vehicle for its new Mayor, Cllr Lindiwe Ntshalintshali. This decision comes after the DA publicised this wasteful expenditure and called on Cllr Lindiwe Ntshalintshali, to reject the car. The money for this luxury vehicle was to be sourced from service delivery budgets. This is not only a victory for the.... Read more »

Posted on : Thursday , 15th September 2016

New blood test developed to tackle major livestock disease in Africa

The University of Dundee and the Global Alliance for Livestock Veterinary Medicines (GALVmed) have partnered to develop a simple and effective device that tests for a cattle disease that is endemic in 40 African countries and accounts for up to a 50 percent loss in milk and meat production in the continent. The device, less than 3 inches long and similar in format to a pregnancy test, can identify within 30 minutes whether or not.... Read more »

Posted on : Thursday , 15th September 2016

China�s Mindray advancing medical technologies to Africa

It is now apparent that African governments and health systems must do more to prepare for extreme health crises. The enormous amount of developmental aid pouring into Africa in recent years combined with dramatic health care gaps is focusing more attention on quality and sustainable improvements to health systems. To assist in addressing this, Mindray Medical International Limited has intensified advanced medical technologies in.... Read more »

Posted on : Thursday , 15th September 2016

$30 Billion to Benefit Farmers, Strengthening Africa's Agriculture

Weiteithye Farmers Group in Mwala, Eastern Kenya, comprises about 100 small-scale farmers struggling with crop production, value addition and marketing of their produce. Like other smallholder farmers in Africa, the Weiteithye group lacks access to inputs, financial services and skills in agri-business, efficient machinery for processing produce, market information, new technology, among others. David Mutiso, the group’s.... Read more »

Posted on : Thursday , 15th September 2016

Kenya launches digital platform to boost social protection

The Kenyan government and multilateral partners on Wednesday launched an electronic platform to enhance delivery of cash, food and medical care to the vulnerable population. During the ceremony, Deputy President William Ruto said Kenya became the second African country after South Africa to launch an electronic portal to revolutionize social protection for disadvantaged groups like the elderly, disabled and orphaned.... Read more »

Posted on : Thursday , 15th September 2016

Agribusinesses to benefit from new global standards tool

A consortium of agribusiness organisations has launched a platform that will support professionalisation of agriculture in East Africa and generate businesses intelligence for the sake of better decisions. This will enable cooperative societies and small scale agribusinesses in EA to work using globally recognised standards. "The professionalisation begins with farmer organisations being rated using SCOPE assessment.... Read more »

Posted on : Thursday , 15th September 2016

Social Media week to show technology as a complementary tool

Technology is sometimes referred to as the fifth factor of production considering how it has helped transform business around the world. Social media as a complimentary technology tool is now being used to help businesses realize their return on investment. .... Read more »

Posted on : Thursday , 15th September 2016

Feasibility study completed for Ngaka project

Sinohydro Corp. has released the commercial and technical feasibility study for the Ngaka minemouth power plant project in southeast Tanzania. The project is owned by Intra Energy Corp. Financial evaluation of the project is expected to be released in early October. According to the feasibility study, there is potential for a commercially viable 270 MW power plant, comprising 2 x 135 MW PCI boilers with super-high.... Read more »

Posted on : Thursday , 15th September 2016

Tanzania Entrepreneurship and Competitiveness Centre Officially Launched

Tanzania officially launched the Tanzania Entrepreneurship and Competitiveness Centre (TECC) to promote entrepreneurial innovation and competitiveness in the country. TECC aims to promote entrepreneurship and competitiveness in Small and Medium Enterprises (SMEs) in Tanzania through: Skills development in entrepreneurship, innovation and competitiveness Promoting local economic development using the triple helix cluster approach.... Read more »

Posted on : Thursday , 15th September 2016

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