AFRICA - THE NEXT GROWTH MARKET

Posted on :Thursday , 24th November 2016

 Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructure. This rapid economic growth is what is creating substantial new business opportunities i. . .

Turkish Exporters Target Africa

Posted on :Wednesday , 23rd November 2016

 At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries.

Africa has recorded an annual growth rate of 5 percent over the last d. . .

Tanzania: Coast Steel Plant Promised Electricity

Posted on :Wednesday , 23rd November 2016

 Pime Minister Kassim Majaliwa has directed the electricity contractor at the Kiluwa Steel Group factory in Coast Region to connect the industry to reliable electricity within 18 days, so that it kicks off operations immediately.

Kibo signs collaboration agreement with General Electric

Posted on :Tuesday , 22nd November 2016

 Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company is pleased to announce that it has signed a Collaboration Agreement (the “Agreement”) with General Electric International Inc (“GE”), with respect to the development of the Mbeya Coal to Power Project (“MCP. . .

East Africa: Rusumo Hydroelectric Power Project Deal Inked

Posted on :Monday , 14th November 2016

Two contracts, worth $75 million (about Rwf46 billion), for the initial construction works of the Regional Rusumo Falls Hydroelectric Project have been signed.