It may be a bit of a long shot, but African countries like Nigeria could be the final frontier for any automakers looking to cash in on the benefits of globalization and the financial fortitude of emerging markets. Long considered a lost cause due to prolific amounts of poverty, Africans in certain countries have amassed enough wealth that car manufacturers are actually starting to consider the continent’s legitimacy as a contender for future growth.
Sure, Niger.... Read more »
Posted on : Thursday , 24th December 2015
The Gigawatt Mozambique power company says it has completed the construction of a gas-fired power station at Ressano Garcia, on the border with South Africa, with the initial capacity to generate 120 megawatts, APA can report on Thursday.
The company’s managing director, Johan de Vos, said in a media statement emailed to APA that the power station was built in 18 months, on schedule, below budget and without any significant accidents.
The $200 mil.... Read more »
Posted on : Thursday , 24th December 2015
Kampala — Uganda and Japan have concluded a loan agreement for financing the construction of flyovers in Kampala.
Posted on : Thursday , 24th December 2015
Sweets maker Kenafric Industries is set to diversify into the production of soda in a move that will intensify competition in the industry that is currently dominated by Coca-Cola and PepsiCo.
Posted on : Thursday , 24th December 2015
Pretoria — The Department of Agriculture, Forestry and Fisheries has announced that South Africa has earlier this month exported its first air shipment of litchis to the United States.
Posted on : Thursday , 24th December 2015
Kampala — Ugandan farmers are increasingly inter-planting coffee, the country's primary export, and banana, a staple food, as a way of coping with the effects of climate change.
Posted on : Thursday , 24th December 2015
After buying tractors to bring more land under cultivation and distributing seeds and fertiliser to poor families, Machakos County has now turned to green grams. Governor Alfred Mutua spoke to JULIUS SIGEI.
Posted on : Thursday , 24th December 2015
Kenya is set to receive about Sh2 billion ($19.5) from the Canadian government aimed at providing training for Small and Medium Enterprises (SMEs) in the country.
Posted on : Thursday , 24th December 2015
Intrepid Mines, an Australian company, has spent more than US$40 million on drilling and exploration works on the Kitumba Mine project located in Mumbwa District.
Posted on : Thursday , 24th December 2015
Tutume — A 70-bed hospital will be built in Tutume to relieve the current primary hospital.
Posted on : Wednesday , 23rd December 2015
The National Bank of Ethiopia (NBE) said that the existing partnership with African Export - Import Bank (Afreximbank) has proven to be a success in supporting projects in Ethiopia in excess of 100 million USD in facilities covering transactions in infrastructure and financial services sectors.
Posted on : Wednesday , 23rd December 2015
Damaturu — Governor Ibrahim Gaidam of Yobe State has expressed optimism that the 300- kilometre-long 'Trans-Saharan' road project started by his administration in the northern part of the state will be completed before his tenure ends in 2019 even amidst stiff fiscal challenges.
Posted on : Wednesday , 23rd December 2015
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