Market News Page No. 348| Africa Business News

Tanzania: Govt to Revive Stamico to Boost Mining Sector

As part of strategies to enhance the contribution of the mining sector in the economy, the government plans to perk-up the State Mining Corporation (Stamico) to enable it venture into strategic mining projects. The mining sector contribution to the Gross Domestic Product (GDP) is just 3.5 per cent much as it provides other benefits to the economy, such as employment and business to local suppliers in areas surrounding the.... Read more »

Posted on : Monday , 11th July 2016

Construction of Uganda - Tanzania Oil Pipeline to Start in January

Construction of the Uganda-Tanzania crude oil export pipeline is planned to start in January next year, Uganda's Energy minister Irene Muloni has said. Ms Muloni, who led the Ugandan team that held closed door discussions with the Tanzanian delegation in Hoima Town on Tuesday, told the media that the two countries had agreed to fast-track the project which will cover 1,443 kilometres. The construction of the pipeline, meant to.... Read more »

Posted on : Monday , 11th July 2016

Tanzania: Govt Set to Introduce New System On Bulk Purchase of Gas

The government plans to introduce a bulk supply system in the gas come September. Energy and Water Utilities Regulatory Authority (Ewura) officials said on Wednesday that the move aims at reducing business costs and power tariffs for consumers, increase government revenue and control the gas sector more efficiently. Ewura petroleum department director Samuel Godwin speaking at a one-day workshop for stakeholders in the petroleum.... Read more »

Posted on : Friday , 8th July 2016

Tanzania: Huge $1.8 Billion Fertilizer Plant Project Planned

A mega project worth 1.8 billion US dollars (over 3.8 trillion/-) to put up a fertiliser plant at Kilamko in Kilwa Masoko District, Lindi Region, is set to start in December, a move that might see the farm input go down as a result of competition. The plant, to be built by Tanzania Petroleum Development Corporation (TPDC) and three private companies will use natural gas as both a source of energy and feedstock for production,.... Read more »

Posted on : Friday , 8th July 2016

Tanzania: Largest High-Definition Solar TV to be Showcased

Dar es Salaam — Germany-based solar-service company Mobisol is showcasing its largest solar HD TV at the Dar es Salaam International Trade Fair (DITF) here. Mobisol provides a range of solar home systems with an affordable payment plan. Mobisol Tanzania marketing manager Allan Rwechungura said the largest solar HD TV recently launched in other lar HD TV recently launched in other markets in East Africa had been optimised.... Read more »

Posted on : Thursday , 7th July 2016

Tanzania: Coffee Exports Soar to US$135 million

Coffee exports earned the country US$135 million (about 294.4bn/-) in foreign exchange during the 2015/2026 farming season as the country produced 59,000 metric tons, which is above average annual production of 50,000 tons. Tanzania Coffee Board (TCB) Acting Director General, Mr Primus Kimaryo, noted, however, that the board is currently working to boost local consumption of coffee to avoid over dependency on foreign.... Read more »

Posted on : Thursday , 7th July 2016

Tanzania Ready for Industrial Transformation - Zanzibar President

Zanzibar President Ali Mohamed Shein said yesterday that Tanzania was now ready for industrial transformation, thanks to positive trends in technological innovation and expertise spearheaded by VETA and SIDO. The Isles president made the comments at the ongoing Dar es Salaam International Trade Fair (DITF) where he noted that new technologies showcased by Vocational Education and Training Authority and Small Industries Development.... Read more »

Posted on : Thursday , 7th July 2016

Kenya: Nairobi to Promote Urban Agriculture, Distribute Green Houses to Schools

The Nairobi County will spend Sh10.2 million to promote urban agriculture by distributing green houses to schools and rehabilitation homes. The county will also spend Sh13.5 million on water harvesting facilities to sustain the green house project meant to enhance food security through agri-business and urban and peri-urban faming technologies, a county official said on Tuesday. Speaking during the launch of the project at Baba.... Read more »

Posted on : Wednesday , 6th July 2016

Tanzania: Bakhresa Group to Build Zanzibar's Greenest Hotel

Bakhresa Group has appointed Verde Hotels from South Africa to develop and manage the total overhaul and upgrading of the old Mtoni Marine Hotel in Zanzibar, about two kilometres from Stone Town. According to a statement, the brand new five star property will be known as Hotel Verde, Zanzibar's greenest hotel. "We are serious about being the leaders of the Green Economy sector and therefore we approached the developers of.... Read more »

Posted on : Wednesday , 6th July 2016

Tanzania: WWF-Tanzania Sponsors Solar Power for Institutions

SOLAR panels project sponsored by a non-governmental organisation known as World Wide Fund for Nature (WWF-Tanzania) has benefited various institutions including Msaranga Health Centre in Moshi Municipality. The project is among the three projects sponsored by the same NGO. Such projects include renovation and construction of new standardised kitchens in 18 secondary and primary schools, planting of 2,000 trees in Rau river area and.... Read more »

Posted on : Wednesday , 6th July 2016

East Africa: Focus On Regional Geothermal Development at Power Forum in Nairobi

The upcoming East African Power Industry Convention (EAPIC) in Nairobi, Kenya will focus on how the region can harness the opportunities presented by geothermal power to enhance access to energy, especially among rural communities. "There is no one-size-fits-all approach to developing geothermal. It's an amazing source of base load, renewable energy, but we have to take a realistic approach to how it's developed," said Amanda.... Read more »

Posted on : Tuesday , 5th July 2016

Tanzania: BRT Buses to Run on Natural Gas In Next Phase

Buses to ply in the next phases of the Dar es Salaam Rapid Transit (BRT) project will have their engines run using natural gas to save operational costs, the Tanzania Petroleum Development Corporation (TPDC) has revealed. "Plans were to use natural gas for buses currently operating in the first phase of the BRT but this was not possible due to some technicalities," a TPDC official, Mr Ismail Naleja, explained at the ongoing.... Read more »

Posted on : Tuesday , 5th July 2016