Market News Page No. 317| Africa Business News | Afrotrade

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Kenya pledges Sh500 million to Global Fund to fight HIV, TB, Malaria

Kenya has pledged approximately Sh500 million ($5 million) donation to the Global Fund to fight HIV, TB and Malaria, DP Ruto said Friday. Ruto made the announcement at the TICAD universal health coverage side event in the presence of Japan Prime Minister Shinzo Abe at KICC. Kenya is a major recipient of global fund support in provision of ARVs and mosquito nets. Last year, Kenya pledged $2.6 million (approx..... Read more »

Posted on : Saturday , 27th August 2016

Toyota Tsusho revs up technician development in Kenya

Toyota Tsusho will take on nearly twice as many trainees at its vocational education center here in the Kenyan capital, seeking to develop human resources to benefit the region's economy and the company's operations. Some 381 students learned skills such as automobile repairs in 2015 at the Toyota Kenya Academy, an institute opened in 2014 by a subsidiary. An enrollment increase to at least 750 is planned starting this year,.... Read more »

Posted on : Saturday , 27th August 2016

Efficient cookstoves save trees - and chickens - in Kenya

GICHANGI, Kenya (Thomson Reuters Foundation) - Farmers in Kenya's Laikipia County have found a clever way to reduce their use of wood for fuel while raising more chickens for cash: an efficient ceramic cooking stove that doubles as a chick brooding box. The locally built stove, used for cooking and home heating in the cool region, contains a separate warming area where chicks can be kept to keep them healthy and safe, farmers.... Read more »

Posted on : Friday , 26th August 2016

TaeguTec�s century of expertise machine tools in South African industries

For 100 years, TaeguTec has been in the business of supplying the best products to companies around the world. While times have changed the one that has not is the superior quality and service offered by TaeguTec to all the manufacturing facets in South Africa. As the continent’s largest African investor, South Africa sends more than 25% of its manufactured products into the continent; that is why cutting tools need to be.... Read more »

Posted on : Friday , 26th August 2016

Tanzanian Diaspora Assured of Government Support

Zanzibar — President John Magufuli said yesterday that his government remains committed to working with the country's Diaspora in making the country's development agenda successful. He said the government has been taking different measures, including improvement of the infrastructure aiming at creating an enabling environment that will allow members of the Diaspora to invest in national development. "We.... Read more »

Posted on : Friday , 26th August 2016

Kenya: Reforms in Mining Industry Underway, PS Says

The government has started reforms aimed at ensuring transparency and accountability in the country's mining industry. Mining Principal Secretary Ibrahim Mohamed told delegates attending an international conference for auditors in Mombasa that as a regulator, the ministry had developed policies to promote the industry for socio-economic development. "In compliance with the Constitution, we have embarked on a.... Read more »

Posted on : Friday , 26th August 2016

Tanzania: ICT Experts Seek to Promote Use of Kiswahili

Dodoma — Information Communication Technology (ICT) experts are meeting here to discuss how Kiswahili could be used as a language of instruction in computers. A workshop is being hosted by the University of Dodoma's Department of Computer Science and the Internet Corporation for Assigned Names and Number (ICANN). Organisers say they target to eliminate language barriers among local users of internet services. "The.... Read more »

Posted on : Friday , 26th August 2016

Smart lighting market to grow over US$ 51.05 billion by 2025 scrutinized in new research

According to the new Market research study published by The Insight Partners, the Global Smart Lighting Market was valued at US$ 10.55 Bn in 2015 and is estimated to reach US$ 51.05 Bn by 2025. The report highlights the trends prevalent in the global market and the factors driving the market along with those that act as deterrents to its growth. Currently, smart lighting have seen significant adoption in the European countries and.... Read more »

Posted on : Friday , 26th August 2016

Forests for All Forever: Driving Consumer Demand for Sustainability Through Meaningful Marketing

At SB’16 Cape Town in May, Tetra Pak, South African Airways (SAA) and the Forest Stewardship Council (FSC) came together to share their views on the importance of building market demand from environmentally conscious consumers to move sustainable commodities further into the mainstream. According to FSC consumer research encompassing over 9,000 respondents in 11 markets, consumers show a growing concern for environmental.... Read more »

Posted on : Friday , 26th August 2016

Mondi First-Half Profit Rises as Consumer Packaging Volumes Gain

Mondi Ltd., a South African manufacturer of packaging for products from coffee beans to industrial chemicals, said first-half profit rose 11 percent as volumes in its consumer business increased. Earnings per share excluding one-time items rose to 75 euro cents a share from 67.8 euro cents a year earlier, the Johannesburg-based company said in a statement on Thursday. Sales declined 4.2 percent to 3.3 billion euros ($3.7.... Read more »

Posted on : Friday , 26th August 2016

Ethiopia sets up $10 million ceramic factory to stem imports

The Himrawi Investment and Trading Private Limited Company has invested $10million in construction of a ceramic factory as the country looks to local industries to tame biting shortage. According to the company general manager Frealem Shibabaw the company has conducted studies and ascertained mineral wealth at Sekota area in Amharic State, Northern Ethiopia. Ethiopia exports eight million tiles from China annually. The.... Read more »

Posted on : Friday , 26th August 2016

Africa: Tanzania Can Learn From Iceland Geothermal Energy Strides

Iceland — Geothermal energy is not among the much known sources of energy in Tanzania. However, the country is believed to be endowed with an abundant resource base that can generate electricity and furthermore utilise the spent geothermal fluid from power plant in social-economic activities such as agriculture, fishing, and recreational activities and in industries. According to the available geoscientific data and current.... Read more »

Posted on : Friday , 26th August 2016

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