Market News Page No. 585| Africa Business News

Tanzania: Sh28 Billion Set Aside for Ring Roads in Dar

THE Minister for Works, Dr John Magufuli, has said the 2014/15 financial year would see a total of 28bn/- being spent on the construction of 79.9 kilometre- long ring roads in Dar es Salaam. He was speaking during a one-day visit to the roads under construction on Monday, where he highlighted the government's resolve to see the roads completed to ease traffic jams in the city. "The money will be used.... Read more »

Posted on : Wednesday , 13th August 2014

Tanzania: Local NGO to Construct Development Institute

WARD Vision, a local non-governmental organisation (NGO) in collaboration with Janada Bachelor Foundation for Children (JBFC) from the US through the American Embassy in Dar es salaam expects to construct a modern development institute at Ikindwa Bukene in Nzega District, Tabora Region. Ward Vision Chairman, Mr Laurent Shauri said on Monday in Dar es Salaam that they want to contribute knowhow, knowledge and technology.... Read more »

Posted on : Wednesday , 13th August 2014

Kenya: Bank, Shanzu TTC to Build Sh28 Million Hostel

FINANCIAL institutions should partner with tertiary ones and county governments to spur development, Kisauni MP Rashid Bedzimba has said. Speaking during the ground-breaking ceremony for a Shanzu Teachers Training College Business School hostel yesterday, Bedzimba said financial institutions have a role to play in county development. Jamii Bora Bank has partnered with the Shanzu TTC to construct the hostel.... Read more »

Posted on : Wednesday , 13th August 2014

New Bugesera International Airport, Rwanda among projects that need US$1bn

The Government of Rwanda is planning to borrow US$1bn to fund various infrastructure projects in the country next year. The most pressing of the development projects on line is the construction of Bugesera International Airport and power plants. The government was forced to borrow from the international community after foreign investors failed to fund key projects in the country. The airport will be located in southeastern Rwanda,.... Read more »

Posted on : Wednesday , 13th August 2014

Thermal cameras could spot disease carriers at borders

As the costs of thermal imaging cameras comes down, their usage extends to other applications than security, such as detecting fevers at border crossings and providing a safer method for screening patients for breast cancer, instead of less comfortable methods that expose patients to radiation such as mammography. Thermal imaging cameras record images of the infrared radiation (heat) being emitted by the skin to determine threats. The.... Read more »

Posted on : Wednesday , 13th August 2014

Opportunities open up for SA drug companies

Sub-Saharan Africa offers significant opportunities for SA's pharmaceutical manufacturing companies‚ as a growing middle class and an increasing disease burden push up demand for medicines‚ according to research by Frost & Sullivan. Pharmaceutical sales in sub-Saharan Africa generated revenues of US$2.28bn in 2011 and were forecast to reach US$5.02bn in 2018‚ the research company said on Wednesday (16.... Read more »

Posted on : Wednesday , 13th August 2014

Africa first medical tablet wins 2014 Rolex Awards for Enterprise

Africa's first medical tablet, sending results via a mobile-phone connection, won a 2014 Rolex Award for Enterprise. It was one of the two African awards from this year's five winners. The Royal Society, London's leading scientific institution, announced the winners on 24 June 2014. The five Young Laureates from Africa, India, Europe and the Middle East were chosen by an international jury of eight experts who reviewed a shortlist from among.... Read more »

Posted on : Wednesday , 13th August 2014

Ethiopia Working to Eradicate TB Within 20 Years

Ministry of Health said that it is working to eradicate tuberculosis (TB) from Ethiopia within 20 years, well ahead of the international target date set for 50 years. While visiting the renovated TB capture laboratory of the Saint Peter's Specialized Hospital on Friday, July 18, 2014, Minister of Health, Dr. Kesetebirhan Admasu, said Ethiopia plans to eradicate tuberculosis earlier than the internationally target date set by World Health.... Read more »

Posted on : Saturday , 6th September 2014

Kenya plans to sell a 51 percent stake in five sugar millers

Kenya plans to sell a 51 percent stake in five sugar millers to strategic investors starting this month as it looks to complete reforms aimed at making its sugar industry competitive, a top official said on Friday. East Africa's largest economy is expected to fully open up its market to imports from the regional Common Market for Eastern and Southern Africa (COMESA) states after more than a decade of an arrangement that allowed it.... Read more »

Posted on : Wednesday , 13th August 2014

Tanzanian firm becomes first publicly owned oil, gas group in E Africa

Tanzania-based energy group Swala Oil & Gas has listed on the Dar es Salaam Stock Exchange (DSE), becoming the first publicly owned oil and gas company in East Africa. The company is the twentieth to list on the DSE and the second to list under the Enterprise Growth Market (EGM), an equity market specifically intended for small and medium-sized enterprises (SMEs) and start-ups. The company listed on the EGM with.... Read more »

Posted on : Tuesday , 12th August 2014

Dr Mark Michalski is ready to print a 3-D brain (maybe yours)

In a year's time, the 3-D printers at Yale's Center for Engineering Innovation and Design (CEID) have churned out countless parts, prototypes, and curiosity-driven experiments in plastic - rotorheads and racecar uprights, cardiac pump pieces and thermostats, snowmen, keychains, and fantastical geometric shapes. Radiology resident Dr Mark Michalski uses them to print organs - arteries and bones, a liver, a heart, a knee. "The.... Read more »

Posted on : Saturday , 6th September 2014

Kenya Plans To Build Wind Energy Program

The Kenyan government is planning to scale up its wind power programme in the near future, planning to increase their own use of renewable energy as well as attempting to increase interest in wind power investment. A Kenyan governmental delegation has been touring Europe, visiting countries such as Germany and Denmark, facilitated by the World Wide Energy Association (WWEA) and organised by Windforce Management which is aiming.... Read more »

Posted on : Tuesday , 12th August 2014