Market News Page No. 397| Africa Business News | Afrotrade

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Symbion Power Completes Deal for East African 50MW Power Plant

Symbion Power Lake Kivu Ltd, a subsidiary of American firm Symbion Power LLC has signed a 25-year power purchase agreement (PPA) with the Rwanda Energy Group (REG) for a 50 Megawatt (MW) methane gas to power project. The official signing involved Symbion Power CEO Paul Hinks, REG CEO Jean-Bosco Mugiraneza, and Minister of Infrastructure James Musoni. The seal sealed see an implementation activities including detailed.... Read more »

Posted on : Monday , 21st December 2015

HDPE pipes and fittings aiding Green Industrialization in Africa

Going HDPE makes ‘green’ sense Once upon a time HDPE pipes and fittings were merely viewed as alternative products in a pile of numerous options for infrastructure projects in Africa.Now they are becoming a necessity, their importance enhanced by contemporary demands of our times. Those who have been observant can note an attitude shift in the choice of construction materials worldwide, with growing preference.... Read more »

Posted on : Monday , 21st December 2015

Turkana Wind Power Supply Starts 2016

The Lake Turkana wind project will start generating power next year, Denmark Foreign Affairs minister Kristian Jensen said yesterday. The project, funded by the Danish government, will contribute 310 Megawatts of wind energy to the national grid. Jensen spoke at the World Trade Organization conference at KICC, Nairobi. The project will use 365 wind turbines, each with a capacity of 850KW. It will provide 17.... Read more »

Posted on : Saturday , 19th December 2015

Uganda: Nairobi Meeting Could Lead to International Trade Deal

NAIROBI: There are signs that a deal about fair international trade will be struck in Nairobi today, although there are few indicators that Africa's main interests such as easier access to European markets and the removal of subsidies to farmers in richer nations will form part of the agreement. Some negotiators at the World Trade Organisation's tenth ministerial meeting in Nairobi, especially those from Africa, feel they are debating.... Read more »

Posted on : Saturday , 19th December 2015

Zimasco Signs U.S.$12 Million Lease Agreement

At full throttle, Portnex International is expected to process 240 000 tonnes of raw chrome per annum which translates to 100 000 tonnes of ferrochrome over the same period. The country's biggest ferrochrome smelter and miner, Zimbabwe Mining and Smelting Company (Zimasco) has signed a $12 million lease agreement with South African based firm, Portnex International to operate its furnaces. The five-year lease agreement has breathed life.... Read more »

Posted on : Saturday , 19th December 2015

New Ice Plants for Seychelles Blue Economy

Victoria — Fishermen in the Seychelles will soon benefit from an increase in the production of ice. The Seychelles Fishing Authority (SFA) has purchased two new German-made ice plants, with each able to produce 10 tons of ice per day. The investment nearly doubles the ice production capacity in the country to 47 tons per day, officials say. Seychelles, an island nation in the western Indian Ocean, has experienced.... Read more »

Posted on : Saturday , 19th December 2015

Namibian Grapes Shipped to Netherlands

Lüderitz — The first consignment of export-quality grapes from Namibia were on Wednesday shipped to the Netherlands through the Port of Lüderitz. The grapes trans-shipped through Lüderitz are produced at Aussenkehr. Since grape farming started at Aussenkehr, Namibian grapes have been exported to the Port of Rotterdam in the Netherlands via Cape Town in South Africa. Agro-Marketing and Trade Agency (AMTA).... Read more »

Posted on : Saturday , 19th December 2015

Construction industry in Africa continues to Embrace Innovation

A recent report by Deloitte shows that for African construction industry to grow all firms have no option but to remain innovative so that they can be able to remain on top of the construction game in Africa. Evidence has shown that innovative businesses are twice as likely to report increased productivity compared with businesses that don’t innovate. In order to succeed the construction sector needs to have a much.... Read more »

Posted on : Saturday , 19th December 2015

Trending towards LED lighting in Kenya

With the increasing need for lighting solutions in the country, a consensus is now being reached on the need to have environmentally safe lighting products Since time immemorial man has devised ways of ensuring that he has light during the night to enable him continue with his activities uninterrupted. But the lighting system then was mediocre compared to what we have in our times today. It was common to see households with oil.... Read more »

Posted on : Saturday , 19th December 2015

East Africa: KFAED signs US$15mn agreement for road development

The Rwandan government and the Kuwait Fund for Arab Economic Development (KFAED) have signed a US$15mn concessional loan to support the construction of the Nyagatare-Rukomo road project in Rwanda roadconstruction klinkow pixabayRwanda, which is a landlocked nation, is in dire need of good roads to improve intra and inter-country connectivity. The project entails a seven metre-wide and 73 kilometre-long two-lane tarmac road between.... Read more »

Posted on : Saturday , 19th December 2015

Aspiring to Make Ethiopia a Manufacturing Hub

Quality is not only Ethiopia's challenge of course but also it has been depicted in other developing nations too. African nations need to address trade related challenges, strengthen compliance related infrastructures and facilitate cross-border flows of goods and services to be become competitive in the markets. They have to build National Quality Infrastructure (NQI) programme to enable each of the local NQI institutions to match with their.... Read more »

Posted on : Friday , 18th December 2015

China Pledges Support to Accra Compost and Recycling Plant

The Chines government has pledged to offer assistance to the management of the Accra Compost and Recycling Plant (ACARP) to ensure efficient management of liquid waste in the country. Addressing journalists after a tour of the Accra Compost and Recycling Plant at Adjen Kotoko in Accra on Tuesday, the Chinese Ambassador to Ghana, H.E. Sun Baohong was inspired by the progress of work and pledged to support the company's.... Read more »

Posted on : Friday , 18th December 2015

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