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Japan to fund the construction of a research centre in East Africa

 Japan through its agency, Japan International cooperation Agency is set to construct a research centre in Ethiopia that will serve as a training and research center throughout Africa.   The construction project dubbed Kaizen institute will be built on a 3,000sqm piece of land at Sar Bet near the African Union in Addis Ababa.   An agreement was signed between Kimura Takusaburo, Japan International Corporation Agency’s (JICA) Ethiopian Office senior.... Read more »

Posted on : Friday , 18th September 2015

Chinese Company to invest in East Africa's Gas extraction

 A Chinese company engaged in natural oil gas exploration with a capital of five billion USD in Ethiopia is expected to produce 40 billion gallon gas after three years.   President Dr Mulatu Teshome held talks with Chinese Poly Technology Company Vice President Huang Geming at the National Palace yesterday.   President Mulatu said the relationship between Ethiopia and China would help attract more huge companies into Ethiopia.   The people-to-people,.... Read more »

Posted on : Wednesday , 16th September 2015

Nairobi County endorsed as a Culinary Hub

 Group CEO of International Quality Awards Ltd. Mr. Mansoor Jiwani NAIROBI, KENYA: In the spirit of re-branding Nairobi, the County Executive of Trade Industrialization, Cooperative Development and Tourism, Anna Othoro touched on the need to differentiate "Nairobi as a Brand" and explore the Live-Love Nairobi campaign through culinary tourism. "Nairobi has so much to explore and so much to crave in terms of food and beverage experiences through world class cuisines.... Read more »

Posted on : Wednesday , 16th September 2015

Kenya-South Sudan road construction gets funding from World Bank

 The World Bank has released US$512m for the construction of the Kenya-South Sudan road and also for the laying of the fibre optic cable which will eventually enhance trade between the two countries.   South Sudan’s ICT minister Rebecca Joshua Okwaci and her Kenyan counterpart Fred Matiang’i signed a memorandum of understanding in January this year, paving way for commissioning of the project.   “The entire Kenya-South Sudan road construction.... Read more »

Posted on : Wednesday , 16th September 2015

Kenya and Rwanda in Power Deal

 Kenya Power and Rwanda have entered a power agreement in which  Kenya power will commence exporting 30 MW of power to Rwanda as from early 2016, chief Executive Officer Dr. Ben Chumo has announced.   Chumo expressed confidence that the power purchase agreement reached with Rwanda will boost Kenya Power revenues.   “This program which would earn Kenya Power millions of revenue is on and a fortnight ago we were in Rwanda to confirm the state of their.... Read more »

Posted on : Wednesday , 16th September 2015

South African Company Buys Back the Country's Platinum Mines

Mining giant Anglo American announced on Wednesday the sale of three platinum mines in South Africa to Sibanye Gold, the country's largest gold producer.   The mines sold for 4.5 billion rand despite the plummeting platinum prices. Amplats, as Anglo American Platinum is known, actually values these assets at 7.7 billion rand. This 3.2-billion-rand loss is a sign of just how desperate the company is to dump these mines from its portfolio.   Amplats' CEO Chris Griffith.... Read more »

Posted on : Wednesday , 16th September 2015

Ethiopia: Trade Authority Distributes Sugar, Oil, Flour

The Ethiopian Trade Competition & Consumer Protection Authority (TCCPA) is distributing 250,000ql of sugar for residents in Addis Ababa to satisfy an expected increase in the demand for sugar in the New Year, and announced that there is enough stock to quickly respond to any shortage that may appear.   There is also 350,000ql of sugar already up for sale through bid.   The quota for the distribution of flour and edible oils has increased. For instance, the quota of.... Read more »

Posted on : Wednesday , 16th September 2015

Kenya: Sh33 Billion Write-Off for Sugar Factories

The State will write off Sh33 billion owed by sugar factories, a parastatal head has said.   Privatisation Commission Board chairman Henry Obwocha on Sunday said this will enable the factories to pay cane farmers.   "Due to the huge debts, the factories have been making losses," Obwocha said.   He was raising funds for a priest's house on Sunday at Amasago Catholic Parish, Nyaribari Chache constituency.   Obwocha cited Muhoroni, Chemelil, Miwani,.... Read more »

Posted on : Wednesday , 16th September 2015

Over 10,000 Sacks of Rice Impounded in Idenau

The consignment was destined to a neighbouring country without the payment of custom duties.   Within the framework of ensuring that goods exported from Cameroon are not only monitored but must adhere to customs rules and regulations, over 10,000 bags of rice destined for export to a neighbouring country, have been impounded at the Idenau seaport in the West Coast. The operation to impound the rice was carried out over the weekend by the marine thanks to a convention signed by.... Read more »

Posted on : Wednesday , 16th September 2015

Mozambique: Government and Industry Discussing Cost of Plastic Bags

Maputo — Mozambican consumers will have to pay for the plastic bags that used to be distributed free of charge in shops and markets, and the government is now discussing a fixed price with the producers of plastic.   At a meeting in Maputo on Wednesday, the Deputy Minister of Land, Environment and Rural Development, Ana Senda, discussed with companies that make plastic bags and with traders the government's recently approved regulations to manage and control the.... Read more »

Posted on : Wednesday , 16th September 2015

Tanzania gets mobile phone-based agricultural service

 A new mobile phone-based service has been launched in Tanzania to provide agricultural information to farmers Tanzania Mobile Agriculture DIVatUSAID FlickrM-Kilimo is expected to benefit more than 90,000 livestock keepers, crop farmers and fishermen.  The M-Kilimo platform is an innovative service that gives farmers access to markets for agricultural produce. Once registered on the M-Kilimo platform, farmers and buyers can meet online and do business. M-Kilimo also.... Read more »

Posted on : Tuesday , 15th September 2015

Africa licenses US$250mn of solar power projects

 Five solar power projects, valued at a total of US$250mn, have been licensed by the Zimbabwe Energy Regulatory Authority (ZERA) Solar Panels Lance Cheung FlickrThe five solar power projects are expected to generate about 160MW of power together.  Taken together, the five projects are expected to produce 160MW of power. According to ZERA CEO, Gloria Magombo, the licensed projects are at different stages in the project development cycle. “Some of the projects are at.... Read more »

Posted on : Tuesday , 15th September 2015



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