Market News Page No. 330| Africa Business News | Afrotrade

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Kenya: Construction of Sh5.5 Billion Situ Village Project Begins

The construction of a Sh5.5 billion exclusive gated community offering a live, work and play environment has started in Karen, Nairobi. Two weeks ago, Cytonn, a leading real estate developer, broke ground at the construction site of Situ Village in Ololua Forest. This is one of the firm's over Sh73 billion real estate projects in the pipeline. Sitting on a 29-acre piece of land bordering the Ololua Forest, Situ Village.... Read more »

Posted on : Friday , 19th August 2016

Tanzania: Firm Installs Solar Power at Children's Centre

Shinyanga — A firm has donated and installed solar panels worth Sh75.88 million at Buhangija Centre for children living with albinism Speaking to The Citizen on Wednesday, CSI Electrical Limited official Joan Kahwa, said the donation was part of the firm's community support programme. Ms Kahwa said "In a move to reduce the electricity bills significantly, we felt that there was an urgent need to improve security.... Read more »

Posted on : Friday , 19th August 2016

Tanzania: Government Plans to Build New Tyre Factory

Dodoma — The government plans to put new tyre plant that deploys modern technology in order to meet the present market demands and standards. Permanent Secretary in the Ministry of Industry, Trade and Investment Dr Adelhem Meru, briefed the Public Accounts Committee (PAC) in Dodoma yesterday that the new factory will not replace General Tyre East Africa Limited (GTEA). He said there are no plans to revamp the General Tyre.... Read more »

Posted on : Thursday , 18th August 2016

Tanzania: Indian Companies Boost Investments in Industries

India plays a crucial role for Tanzania to realize her industrialisation agenda as Indian companies boost investments in industries, cabinet ministers said on Tuesday. Tanzania envisions becoming a middle income country by the year 2025 and the government wants the industrial sector - which currently contributes roughly eight per cent to the country's gross domestic product (GDP) - to put in 15 per cent to the economy by the year.... Read more »

Posted on : Thursday , 18th August 2016

Kenya and Uganda have agreed on the northern route for the 1,500km pipeline

Kenya and Uganda have agreed on the northern route for the 1,500km pipeline to transport oil from Hoima in western Uganda to the Indian Ocean on Kenya’s coastline, ending a year long dispute between the two countries’ leaders. The path will go through northern Kenya and Lokichar basin before reaching the coastal port in Lamu. This was President Uhuru Kenyatta (“Kenyatta”)’s preferred route. The alternative.... Read more »

Posted on : Thursday , 18th August 2016

Tanzania: Firm Lights Up Centre With Solar

Shinyanga — A firm has donated and installed solar panels worth Sh75.88 million at Buhangija Centre for children living with albinism Speaking to The Citizen on Wednesday, CSI Electrical Limited official Joan Kahwa, said the donation was part of the firm's community support programme. Ms Kahwa said "In a move to reduce the electricity bills significantly, we felt that there was an urgent need to improve security.... Read more »

Posted on : Thursday , 18th August 2016

Kenya: Team Formed to Regulate Sand Harvesting

Makueni County government officials on Friday met with representatives of sand harvesters to iron out conservation issues and regulated the trade following weeks of antagonism. The meeting took place at a hotel in Wote town bring together county officials, members of a local conservation agency and representatives of sand harvesters. Sand Authority chairman Charles Mutuku said: "We have agreed to work together in a.... Read more »

Posted on : Thursday , 18th August 2016

Tanzania: Maiden Arusha Tanzanite Auction Generates 7 Billion/-

Tanzanite gemstones worth over 3.3 million US dollars (over 7bn/-) were sold during the maiden mineral auction here over the weekend as Manyara region starts the process to build mineral export processing zone at Mirerani. "We have already secured a vast plot onto which the Tanzanite EPZ will be established, with all polishing, processing and branding done before exporting the gemstones," said Manyara Regional Commissioner.... Read more »

Posted on : Thursday , 18th August 2016

Kenya to Export Oil By June, 2017

Kenya's plans of joining the oil exporting league moved one step forward on Thursday when the Cabinet approved a commercialisation plan by the Ministry of Energy. The country now hopes to start exporting 4,000 barrels of crude oil daily by June next year, but the initial plan is 2,000 barrels. The crude will be transported by road from the Lokichar basin oil fields to Eldoret, from where it will be loaded onto a train or.... Read more »

Posted on : Thursday , 18th August 2016

Kenya: Government Investment in Agriculture Bearing Fruit, Says CS Bett

The Jubilee Government's heavy investment in agriculture is now bearing fruit, Agriculture Cabinet Secretary Willy Bett said earlier today. Speaking this morning during the Agricultural Summit held at State House Nairobi, the Cabinet Secretary said since 2013 the Government had spent more than KSh 25.6 billion on the fertiliser subsidy programme. The programme now reaches 1.5 million farmers every planting season and the.... Read more »

Posted on : Thursday , 18th August 2016

Ethiopia: Technological Innovation for Better Agricultural Yields

Understandably Ethiopia's agriculture is characterized by subsistence and rain-fed farming and as such when it faces extreme weather conditions, the situation could make a turn for the worse. On the other hand, feeding the ever growing population is a challenge. Thus bolstering the sector with technology is a necessity than an option. According to experts, technologies could be imported from outside or developed from.... Read more »

Posted on : Thursday , 18th August 2016

Tanzania: After Dart Port Clean-Up, Time to Boost Railways

Dar es Salaam Port was one of the immediate points of focus by the new John Magufuli government and it was not hard to see why. This facility is, in all intents and purposes, Tanzania Treasury's cash-cow which, whenever it suffered a crash, the revenue collection targets suffered a great deal. Two surprise visits at the Port by the Prime Minister soon after inauguration of the JPM government resulted into measures that turned around.... Read more »

Posted on : Thursday , 18th August 2016

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