Latest African business news, economy, corporate, markets updates

Major Road Upgrades Underway in East Africa; ADB to be Financier

The Tanzanian governments have designs on upgrading the dual carriageway stretch of the Arusha-Holili road as they look to find funds to finance the project and upgrade the rest of the road. The carriageway stretches 14.2 kilometers and will pose as an arduous endeavour.

The government has taken taken steps to approach the Japanese government as an a means to fund secure the funds and get the project running. Approaches to ex.... Read more »

Posted on : Tuesday , 3rd October 2017

Two Agreements Signed to Boost Agriculture in Tanzania

The government and the United Nations Food and Agriculture Organization (FAO) have signed two agreements, in an attempt to support farmers on issues regarding global warming and improved competitiveness in the rice farming trade, especially in the Iringa region.

The agreement was signed by Eng. Mathew Mtigumwe, Permanent Secretary (PS) in the Ministry of Agriculture, Livestock and Fisheries and FAO Country Representative, Mr. Fred Kafeero.

<.... Read more »

Posted on : Monday , 2nd October 2017

Magufuli to Move Ahead With Selous Dam Despite Criticism

Tanzania Selous Game Reserve, one of the world’s biggest faunal reserves has gained a lot of traction in recent times from a minimum of 50 multinational companies. The intention of these companies is to construct the Rufigi hydropower project at Stiegler’s Gorge. Potential bidders were required to have a minimum of US$ 500 million turnovers, as directed by the Ministry of Energy and Minerals.

The Selous Game Reserve stretches across 50,00.... Read more »

Posted on : Monday , 2nd October 2017

Plans in Place to Construct Tanzania's Largest Medical Factory

The Tanzanian Government has entered into a contract with Neusoft Medical Systems Company Ltd from China, to construct what is expected to be Africa’s largest medical equipment manufacturing company.

A lot is expected from this new association. The products from this new factory will help diagnose, monitor and treat a number of diseases and conditions.

The contract was signed, on the behalf of the government by .... Read more »

Posted on : Monday , 2nd October 2017

"Cytonn Towers" Development to add to Nairobi's Skyline

A new 35-floor project is being developed in the Kilmani area in Kenya. Project developers Cytonn Real Estate is touting, this newest development as an “Iconic mixed-use development project”.

The “Cytonn Towers” will be constructed at the junction of Egeyo Marakwet and Argwings Kodhek Roads, on a four-acre piece of land. In totality, the project is expected to cost as much as US$194m.

Cyt.... Read more »

Posted on : Monday , 2nd October 2017

British Council Holding 3 Day Oncology Workshop in Kenya

The British Council in association with the London Royal College of physicians will undertake a 3 day training program in Nairobi. The workshop will work with physicians in regard to early cancer diagnosis, prevention, principles of treatment and the main aspects of holistic management.

According to WHO estimates, 8.2 million people lose their lives to cancer annually. Also, 13 per cent of deaths worldwide are caused by cancer.

<.... Read more »

Posted on : Monday , 2nd October 2017

Tanzania-Ntorya Project Tipped to Prosper

The recently appraised Ntorya Project is all set to take the next step in its development and is being set up for construction.

Solo possesses a 25% stake in the project, which is being operated by Aminex. Minority partner AIM is said to be looking for a new form of financing, with a new partner or divestment remaining viable options.

An upgrade in the resource estimate has seen the assets value receive a boost,.... Read more »