Market News Page No. 324| Africa Business News | Afrotrade

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Dadaab power station to spur Garissa growth

Energy CS Charles Keter yesterday commissioned the Dadaab power station. It will provide electricity to more than 200,000 people have electricity connection under the Rural Electrification Programme.The project is co-funded by UNHCR and the Kenyan government for Sh200 million. Dadaab and neighbouring public primary schools will have electricity next month, Keter said. The CS said his ministry will extend power connections to.... Read more »

Posted on : Thursday , 25th August 2016

US firm Cummins starts 12MW Baringo power production in October

American engineering firm Cummins Inc has set October as the date to begin generating electricity from a toxic shrub popularly referred to as ‘Mathenge,’ after more than two years of false starts blamed on mechanical hitches. The Columbus-based company said it is working to rectify the technical snags that have dogged the 12-megwatt Mathenge power plant in Marigat, Baringo County, which was due to begin feeding the.... Read more »

Posted on : Thursday , 25th August 2016

Ethiopia cements economic ties with Turkey with $13.5 million salt manufacturing plant

An Ethiopian- Turkish deal that mulled creation of a salt manufacturing industry has come to fruition with the establishment of a $13.5 million plant covering 50,000 square meters at the Afar regional state in Northern Ethiopia. Currently, the manufacturing company has the capacity to create more than 300 job opportunities. This figure will reach 8,000 when the company becomes operational at its full capacity. The company.... Read more »

Posted on : Thursday , 25th August 2016

Ethiopia: East Africa Metals Requests Gold Mining License

East African Metals, a Canadian mine development company with an interest in exploration projects, has requested a license from the Ministry of Mines, Petroleum & Natural Gas, to start the large scale extraction of gold and silver in Ethiopia. The company has submitted its application to produce the minerals, in Tigray regional state, Terakimti locality. The company has been active in the exploration of gold in.... Read more »

Posted on : Thursday , 25th August 2016

Tanzania: Netherlands Reaffirms Food Security Support to Dar

The Netherlands has affirmed that it would continue focusing on providing Tanzania with knowledge and skills on priority sector of agriculture and food security in helping the country's transformation. Deputy Head of Mission, Ms Hinke Nauta, said in Dar es Salaam recently that the agriculture and food security gained more attention because the Netherlands and Tanzania have longstanding cooperation on the sector. She noted.... Read more »

Posted on : Thursday , 25th August 2016

Tanzania: Increase Funding to Farming, Govt Urged

Lusaka — A researcher has called upon the Tanzania government to increase its funding for agriculture as a way of driving the country's industrialisation agenda. Agriculture, will furnish the manufacturing sector with the needed raw materials as the country seeks to become a middle income and semi-industrialised country by 2025, according to the coordinator for the department of rural economy and agriculture for the.... Read more »

Posted on : Thursday , 25th August 2016

Kenya is set to train Liberian health workers in specialized health services

Kenya will offer training opportunities in specialized health services to Liberia, Health Cabinet Secretary, Dr. Cleopa Mailu has said. The CS said Kenya will increase Liberia’s capacities by training health workers in institutions of higher learning in the field of radiology, epidemiology, laboratory and anesthesia. The CS made the remarks when he held bilateral talks with Liberian Minister for Health, Dr. Bernice.... Read more »

Posted on : Thursday , 25th August 2016

Tanzania: 1 Billion/ - Development Projects for Launch As Uhuru Torch Enters Rorya District

Rorya — Uhuru Torch enters Rorya District in Mara Region today, where various development projects worth over 1bn/- are lined up inauguration, the District Executive Director Charles Chacha said yesterday. "We will receive the Uhuru Torch at Kinesi area on Thursday morning and later go through various villages of Rorya District," the council chief told the 'Daily News' here yesterday. The projects that will be.... Read more »

Posted on : Thursday , 25th August 2016

Tanzania Purchase 2 Bombardier Q400 Aircraft

The Government of Tanzania recently signed a purchase agreement for two Q400 aircrafts with Canadian manufacturer Bombardier. The aircrafts will be delivered with a 76-seat configuration at the price of USD62m. They will be used for commercial airline operations by Air Tanzania Company Limited (ATCL), the national carrier of Tanzania. “Tanzania is a large country with some challenging airfields, and the Q400.... Read more »

Posted on : Thursday , 25th August 2016

President Uhuru Kenyatta asks landowners to support infrastructural projects

President Uhuru Kenyatta has asked those with land through which infrastructural projects are passing through to surrender it. Otherwise, the President said the government will forcibly seize it. The President said a few individuals will not be allowed to stand in the way of projects that could save billions of shillings wasted in traffic jams. He blamed landowners for delaying theprojects. "Nairobi loses Sh147.... Read more »

Posted on : Thursday , 25th August 2016

National Oil and GDC sign agreement to jointly off er oil, gas drilling services

Geothermal Development Company and National Oil Corporation of Kenya will jointly offer oil and gas drilling services in Kenya and the region. The two state-owned firms have signed a deal to provide the services by leveraging on their individual and collective technical expertise. In the memorandum of understanding, GDC will give NOCK equipment and provide specialised drilling services. The deal also details terms of capacity building,.... Read more »

Posted on : Thursday , 25th August 2016

Kenya to export oil earlier than planned by two years

The government has brought forward the country’s oil production deadline by two years, a move that could see Kenya become a net exporter earlier than 2022. President Uhuru Kenyatta yesterday said the government has “set a path” that will make the country become a key producer and exporter by 2019. This includes expediting the construction of the 891-kilometre (heated) Lokichar–Lamu crude oil.... Read more »

Posted on : Thursday , 25th August 2016

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