Market News Page No. 536| Africa Business News | Afrotrade

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Inter African Investment to Boost Trade Ties

ZIMBABWE and South Africa will soon sign a Memorandum of Understanding to strengthen trade and industrial relations, Industry and Commerce Minister Mike Bimha has said. "This framework is expected to further strengthen trade and industrial relations between our two countries. South African business people should take advantage of this framework to explore investment opportunities in Zimbabwe," Minister Bimha said. The Industry.... Read more »

Posted on : Tuesday , 2nd December 2014

The 2014 World Economic Forum on Africa

The World Economic Forum on Africa (WEFA), has come to a close after three days of deliberations; over 1,200 regional and global leaders from 80 countries worldwide attended the event. The forum, centered on the theme of “Forging Inclusive Growth, Creating Jobs,” saw the participation of Nigerian President Jonathan Goodluck, Prime Minister of the Ivory Coast Daniel Kablan Duncan, Chinese Premier Li Keqiang, as well as.... Read more »

Posted on : Monday , 1st December 2014

GE to Invest U.S. $2 Billion in Africa by 2018

GE will invest $2 billion in facility development, skills training, and sustainability initiatives across Africa by 2018. GE made the announcement in advance of President Obama's U.S.-Africa Leaders Summit. Through partnerships and technology, GE is poised to help increase access, reliability, and affordability of core infrastructure throughout the continent.... Read more »

Posted on : Monday , 1st December 2014

Innovative Investing in African Emerging Markets

New York — Forum hosted by the Initiative for Global Development brings together leading African and international CEOs, senior executives, and investors to discuss investing in Africa The Initiative for Global Development (IGD) convened its eleventh Frontier 100 Forum today, bringing together CEOs and senior executives from top corporations around the world. The Forum's theme, "Africa: Innovative Investing in Emerging.... Read more »

Posted on : Monday , 1st December 2014

Kentsel Machinery Co.set to expand to the African Market

Kentsel Mchinery Co. is one of the leading manufacturers of light construction machines. Each item in its production scope is manufactured under restricted brand name of VIBROTECH and also in compliance with ISO 9001-2000 Quality system certification. Kentsel pursues the latest high-Tec facilities and engineering innovations in order to serve best its customers and partners. Kentsel embraces professionalism and client-oriented principles.... Read more »

Posted on : Monday , 1st December 2014

India, Mozambique sign oil and gas cooperation MoU

India’s Minister of State for Petroleum and Natural Gas Dharmendra Pradhan met with Oldemiro Julio Marques Baloi, Mozambique’s Minister of Foreign Affairs in New Delhi. The two sides discussed various areas of mutual cooperation in the energy sector. Pradhan said that both the countries have traditional links which have grown from strength to strength over the years. He added that Indian public sector companies have.... Read more »

Posted on : Monday , 1st December 2014

Call for expression of interest for construction of Nampula Hospital, Mozambique

The Ministry of Health in Mozambique has called for submission of interests for construction of Nampula General Hospital. According to the tender document, contractors to be considered are those from Arab countries and Africa or any partnerships between or among contractors from those regions. Companies interested in the of Nampula General Hospital project should submit their interest by December 11 2014 to the ministry, addressed.... Read more »

Posted on : Monday , 1st December 2014

African entrepreneurs bringing power to the people

I see huge promise for growth in sub-Saharan Africa. The region is home to six of the 10 fastest growing economies in the world. A majority of Africans will belong to the middle class within a generation. There is enormous potential for development to accelerate rapidly. Despite this potential, I remain struck by the contradictions and counterforces that are working against growth. Without electricity, clean water and basic healthcare,.... Read more »

Posted on : Saturday , 29th November 2014

Analyst predict flat growth outlook for oil and gas industry in 2015

A new global oil and gas outlook by Moody’s has projected that the industry will witness a flat growth in 2015 a downgrade from the earlier expectation of more than 5 percent growth largely attributed to the drop in crude oil prices. According to the report 2015 and 2016 price assumptions are down by $10/bbl and $5/bbl drop respectively for the Brent price with assumptions for WTI crude down by $10/bbl for 2015, to.... Read more »

Posted on : Friday , 28th November 2014

Court lifts Temporary Injunction Order barring drilling of Badada-1 in Kenya s Block 2B

The high court in Nairobi has allowed Block 2B operator Taipan Resources to continue with drilling preparations after lawyers representing the Company’s wholly-owned Kenya-based subsidiary, Lion Petroleum Inc. sought a variation to the conservatory orders issued with respect to drilling activities. The court which agreed to vary its conservatory orders to allow the Operator to continue preparations for drilling also.... Read more »

Posted on : Friday , 28th November 2014

Cyprus and Egypt Talk Gas Export

Talks between Cyprus and Egypt on the possibility of exporting gas from Cyprus to Egypt are accelerating. Egypt, once an exporter of the resources, has had to divert production to meet domestic demands and is now exploring options to help meet its ever growing demand. While Cyprus has gas, discovered in late-2011, it does not have the infrastructure in place that Egypt does. “Egypt has a very huge (natural gas) infrastructure and.... Read more »

Posted on : Friday , 28th November 2014

Africa Committed to Supporting Manufacturing

The manufacturing sector is seen as a key driver for inclusive growth, job creation and poverty alleviation, but it has been in decline for the past three decades. This has prompted South Africa to commit resources to building and supporting it. Trade and Industry Minister Rob Davies pointed out that the demise of South Africa's tool, die and mould making (TDM) sector over the last 30 years had resulted in a loss of more than 80% of the.... Read more »

Posted on : Friday , 28th November 2014

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