Latest African business news, economy, corporate, markets updates

East Africa: Call for Regional Cooperation to Transform Construction Industry

Resulting from the rapid and sustainable economic growth as well as the ongoing fast urbanization in Ethiopia,there is high demand for cement and concrete, Construction Minister Eng. Aisha Mohamed said.

While addressing the 2nd Annual East Africa Cement, Concrete and Energy Summit yesterday, Minister Eng. Aisha reiterated: "With the growth in our economy and the increase in urbanization, there is a parallel need of cement and concert."Read more »

Posted on : Wednesday , 3rd May 2017

Tanzania: Spray Drones Providing Efficient Pesticide Dispersal

Guangzhou — Chinese firm Dajiang Innovation, popular known as DJI, recently launched its first agricultural aerial system, the Agras MG-1, operated as a drone, is now geared at providing cheaper crop spraying, also billed to become safer and more efficient. The company plans to supply the drone to local farmers to help ease their farm work, notably to minimize human labour and the cost of production.

The firm's communications manager, Oliver Wang s.... Read more »

Posted on : Tuesday , 2nd May 2017

Rwanda & Turkey Sign Cooperation Agreement on Agriculture

Rwanda and Turkey have signed an agreement of cooperation in the fields of agriculture and livestock, an official at the Rwandan embassy in Ankara, Turkey said.

The agreement was signed by Turkey's Minister of Food, Agriculture and Livestock, Faruk Celik, and Rwanda's Ambassador to Turkey, Amb. Williams Nkurunziza, at the closure of the Turkey-Africa Agriculture ministers' meeting in Antalya, last Friday.

"The two coun.... Read more »

Posted on : Tuesday , 2nd May 2017

Kenya: 310MW Lake Turkana Wind Farm Nearing Completion

Nairobi — The Lake Turkana Wind Power Project in Loiyangalani, Marsabit County is set to be completed in two months, paving the way for a 310MW injection in the grid.

The project will provide reliable, low-cost wind power to Kenya's national grid for 20 years through 365 wind turbines each with a capacity of 850 kW.

State House Spokesman Manoah Esipisu has said the development of the wind farm is ahead of schedule.Read more »

Posted on : Tuesday , 2nd May 2017

Rwanda: Construction of New Football Stadiums on Schedule - Officials

The pace of local football development is set to improve after district mayors and other stakeholders endorsed the proposed blueprint to construct more football stadiums in the country.

This follows a consultative meeting on Saturday in Kigali between Rwanda Football Federation (FERWAFA) and officials from the Federation Royal Morocaine de Football (FRMF), district mayors, Rwanda Housing Authority (RHA) and Ministry of Defense among others.

&.... Read more »

Posted on : Tuesday , 2nd May 2017

Ethiopia: Investing in Transport Sector Aiding Economic Growth

The transport sector is an important component of the economy and it plays a very significant role in supporting the intended development in the other sectors. This is very evident in a global economy where economic opportunities have been increasingly related to the mobility of people and goods.

A relation between the quantity and quality of transport infrastructure and the level of economic development is apparent. High density transport infrastructure.... Read more »

Posted on : Tuesday , 2nd May 2017

Two Kenyan Power Firms Receive $1.6 Million Obama Fund Grant to Boost Green Energy

Two Kenyan power companies have received a Sh164 million grant from former US President Barack Obama's Power Africa initiative to maximise generation of geothermal and solar electricity, known as green energy.

The US Trade and Development Agency, under the Power Africa initiative, on Thursday awarded $1.1 million (Sh113 million) to Nairobi-based Xago Africa and another $500,000 (Sh51 million) to the State-owned KenGen #ticker:KEGN.