Latest African business news, economy, corporate, markets updates

Tanzania: Manufacturing Sector Seen Growing Steadily

The President's Manufacturer of the Year Awards (PMAYA) has clocked eleven years and so are the industries efficiency, high-tech and competition.

Also PMAYA has widen areas of competition as now there are 17 categories where industries are pitting in three groups -large, medium and small depending on capital, workforce and technology and environmental protection.

The first is manufacturing, assembling and processing industr.... Read more »

Posted on : Thursday , 9th June 2016

Tanzania: France Commits 65 Million Euros for Airport Revamp

France, through its International Development Agency (AFD), has granted 65 million Euros (about 161.5bn/) as a concessional loan for the modernisation and extension of the Julius Nyerere International Airport (JNIA) Terminal II built in the 1980s.

AFD Country Representative Mr Emmanuel Baudran told the 'Daily News' in Dar es Salaam yesterday that they have already sent the draft to the government, detailing how disbursement of the loan will be done and t.... Read more »

Posted on : Thursday , 9th June 2016

Tanzania: Farmers to Benefit from New Chemical-Free Crop Storage Technology

Tanga — Farmers in the region are soon to benefit from local firm's PPTL new technology which will allow them to store crops after harvesting.

Dubbed Purdue Improved Crop Storage (PICS), the technology allows farmers to store crops in polyethylene without having to bother with the use of chemicals.

According to PPTL country representative Mr Lusekelo Panja, the PICS bags have three layers which don't allow oxygen to e.... Read more »

Posted on : Wednesday , 8th June 2016

Tanzania: Rice Farmers Reap Benefits of Jica Project

Rice farmers in Kilombero have begun storing their crops in warehouses after harvest instead of selling them directly to buyers as it was in the past.

The farmers told a workshop for Horticulture Value Chain Development in Morogoro at the weekend that previously they had to sell the food crops under pressure from the farm, denying them the power to negotiate.

"The farmers' income in Msalise village has increased to 56 .... Read more »

Posted on : Wednesday , 8th June 2016

East Africa: Total Mulls Acquisition of GAPCO

Dar es Salaam — A leading retailer of petroleum products in Africa, Total is expanding on the continent with the acquisition of Gulf Africa Petroleum Corporation's (GAPCO) assets in Kenya Uganda and Tanzania. The transaction is subject to the authorities' approval in the three countries.

A communiqué issued by the company of which this paper has a copy reveals that the principal assets being acquired are two logistical terminals in Mombasa, .... Read more »

Posted on : Wednesday , 8th June 2016

Report Says Kenya Amongst Top Nations in Green Power

Kenya has developed the fourth-largest geothermal energy in the world, putting the country among top green energy economies.

The latest Renewables Global Status report shows that the amount of geothermal energy in Kenya's national grid expanded to a total of 600 megawatts (MW) by the end of 2015.

Geothermal now accounts for over a quarter of the country's total power capacity of 2,333MW.

Turke.... Read more »

Posted on : Wednesday , 8th June 2016

Trade Mark East Africa Aims to Raise U.S. $1Billion for Infrastructural Projects

Kampala — Trade mark East Africa (TMEA) is to raise about US$ 1billion from their development partner's to finance infrastructure projects and other social, services in the Six East African Community countries.

This was revealed by the Chairman of Board of Directors Ali Mufuruki who said EAC still needs the support of his organisation especially when it comes to Infrastructure development.

He said without well-develop.... Read more »

Posted on : Wednesday , 8th June 2016

Tanzania: Second Phase of Rural Electrification Project Almost Complete - Govt

Dodoma — The second phase of the rural electrification programme is 91 percent completed by, the deputy minister for Energy and Minerals, Mr Medard Kalemani has said.

The programme, which is rolled out by Rural Energy Agency (REA) is expected to end this month to pave the way for the third phase.

Mr Kalemani said the third phase aims to connect all villages in the country to electricity but focus will be put on .... Read more »