N e w s

Ethiopia: New Incentive Rates for Local Manufacturers

The Ministry of Finance & Economic Cooperation (MoFEC) is ranking manufacturers by value addition for duty free benefits based on a new directive expected to be approved this month. This will happen by replacing the existing directive, No. 35/2013, which gave import privileges for only 30pc or more value addition. The new one will have a wide range from 0.05pc to 40pc   A committee established a year ago including members from the.... Read more »

Posted on : Monday , 18th January 2016

German solar manufacturer Renusol enters African market

 German photovoltaic (PV) mounting systems manufacturer, Renusol has expanded its market frontiers to South Africa. Renusol specializes in sophisticated solutions for installing photovoltaic systems.   With their extensive experience in the solar industry, they develop, produce and sell modular systems for the safe mounting of solar systems to all types of roofs.   Renusol is represented in all core markets in Europe and.... Read more »

Posted on : Monday , 18th January 2016

Limak Cement Group penetrates the African market

 Limak Cement Group, a Turkey based Cement Company has issued an acquisition request of cement operations and supply in Africa. The company has expressed its interest in some of the African countries such as Mozambique and Ivory Coast.   Among other major players in Africa cement market include Lafargeholcim, Germany’s Heidelberg and South African-based PPC. Dangote Cement is also a force to reckon with.   The company.... Read more »

Posted on : Monday , 18th January 2016

Siemens appoints Partner for Building Technologies in Kenya

 Siemens Building Technologies Division, recently appointed International Energy Technik Limited (IET), a leading electrical engineering company in Kenya as its partner for Building Technologies in East Africa. In addition to the building technologies portfolio, International Energy Technik has represented Siemens AG for more than 25 years in industrial Automation and Drives products and services in the East African region. International.... Read more »

Posted on : Monday , 18th January 2016

BUILDEXPO AFRICA 2016 ramps up with bigger, better venue

Africa’s largest international trade exhibition for the Building and Construction industry BUILDEXPO AFRICA returns this year with a much brighter event at a brand new, larger and conveniently located venue. From June 04 - 06, 2016, The Carnivore in Nairobi, Kenya,will see tens of thousands of buyers and visitors from across the world foster partnerships and collaborations in the rapidly expanding Industry. With as much as 15,000.... Read more »

Posted on : Saturday , 16th January 2016

East Africa Marching Towards Industrial Development

 The secret behind becoming prosperous, ensuring a turnaround in lifestyle, among others, resides in spurring industrial development. Although many developing countries envisage to become industry hubs, they fail to adopt the right policies and strategies. Constrained by lack of financial muscle and skilled human power, their ambitions to industrial development could not come anywhere near success.   But Ethiopia has mapped out a.... Read more »

Posted on : Saturday , 16th January 2016

IFC issues African Country first green bond for climate-friendly initiatives

 World Bank group IFC has issued a green bond worth US$71mn for climate-friendly investments in emerging markets windenergy jimhammer flickrThe IFC bond will be used for investments in renewable energy and environment-friendly initiatives. The proceeds will be used to support investments in renewable energy, energy efficiency, and other areas that aim to reduce greenhouse emissions. The bond has been issued in South African currency or.... Read more »

Posted on : Saturday , 16th January 2016

Olam and InVivo to develop animal feed solutions in Nigeria

Global agri-business entity Olam International Limited and InVivo Animal Nutrition & Health have signed a consulting agreement to develop expertise in animal feed production in Nigeria    The agreement, which is for two years, will involve technical assistance and sharing of expertise to jointly develop solutions and products in the animal feed space.    The knowledge transfer between the two companies will help.... Read more »

Posted on : Friday , 15th January 2016

South Africa sends first batch of lychee to USA

South Africa has exported its first batch of lychee to the USA this month, said the country’s department of agriculture, forestry and fisheries   The shipment arrived in Atlanta, was irradiated and then transhipped to the relevant agents, said officials. South Africa is a major lychee producer and experts believe the USA is a good market for the fruit. So far, the country mainly exports to the EU as well as to the Middle.... Read more »

Posted on : Friday , 15th January 2016

C-MRF launched by COMESA to improve grain trade

 The COMESA Mutual Recognition Framework (C-MRF) has been launched to facilitate grain trade between COMESA nations   The goal of the C-MRF, launched in Uganda last week, is to establish common grading criteria for maize, enable proficiency testing for aflatoxin analysis and risk-based sampling protocol. The roadmap will provide analytical results and recognise analysis certificates issued by labs of participating countries,.... Read more »

Posted on : Friday , 15th January 2016

Tata subsidiary to increase exports of pulses from Tanzania

 Tata Africa Holdings (Tanzania) Ltd has plans to increase exports of pulses to India   The company, a subsidiary of Tata International, began exporting pulses from Tanzania around a year and half ago. So far, has achieved an export volume of 5,000 tonnes of pulses and now plans to scale up the business, mainly because India experiences a shortfall.    Tata Africa Holdings (Tanzania) Ltd executive director Ajay Mehra.... Read more »

Posted on : Friday , 15th January 2016

Kenyan port and airport to be connected via US$31mn road

 A road connecting Port Reitz and Moi International Airport in Kenya has been commissioned by President Uhuru Kenyatta portroad The Port Reitz road will be the only way to access the Moi International Airport and links the second container terminal at the Mombasa Port to the Northern Corridor, East and Central Africa.  The road is being financed by UK’s Department of International Development (DFID) through Trademark East.... Read more »

Posted on : Friday , 15th January 2016



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