Turkish Exporters Target Africa

 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 decade and is expected to continue this trend in the coming years. Six out of ten fastest growing economies in the world are now in.... Read more »

Posted on : Wednesday , 23rd November 2016

Rwanda energy sector remains attractive – says expert

 The Rwanda Energy Group is targeting to increase power output to at least 563MW by 2018 from the current capacity of 190MW and connect about 70% of households by 2020.   In East Africa, the chief executive officer at the Rwanda Energy Group (REG), Jean Bosco Mugiraneza, has stated that the utility seeks to upsurge power distribution and supply, as well as increase efficiency to meet increasing demand for electricity in the country, reports The New Times.   It is.... Read more »

Posted on : Wednesday , 23rd November 2016

Russians urged to invest more in South Africa

 The Deputy Director-General of Trade and Investment at the Department of Trade and Industry (the dti), Ms Pumla Ncapayi has urged Russian companies to increase their investments in South Africa. Ncapayi was delivering a keynote address at the South Africa-Russia Business Council that took place in Pretoria today. The session was held on the sidelines of the Intergovernmental Committee on Trade and Economic Cooperation (ITEC) that is hosted by South Africa. The theme of the.... Read more »

Posted on : Wednesday , 23rd November 2016

Ethiopia: Biogas and Solar - Alternative Energy Source Focuses

 Ethiopia meets much of its energy demands from hydroelectric sources these days. Though 45,000 MW of hydro power potential under use at the moment, the demand for energy is increasing at a high rate. The growth in the demand is due to the ongoing industrial growth and rapid development. The fast economic growth of the nation calls for more energy even from other energy alternatives. Among the other alternatives that the country has not tapped so far include biogas and solar.... Read more »

Posted on : Wednesday , 23rd November 2016

Smart Streetlights to Light Up IoT Investments

 Smart grid deployments in the utility sector in a first wave of Internet of Things (IoT) investment, is now passé. The public outdoor street-lighting sector is aglow with IoT investment, with global investment over the next decade expected to cumulatively touch $69.5 billion. By 2020, it is expected that 89% of cities and municipalities will transition to LED streetlights, of which 42% will be networked to make them “smart”. This is according to a new study.... Read more »

Posted on : Wednesday , 23rd November 2016

Mondi seeking deals to capture growth in consumer packaging

 Mondi Ltd. is seeking to acquire more companies making the type of flexible packaging used for items like pet-food pouches, as the South African manufacturer taps growing demand from the consumer-goods industry.   The maker of corrugated boxes and industrial bags has made four “bolt-on” consumer-related purchases in the past two years and has the appetite for more, Chief Executive Officer David Hathorn, 54, said in an interview at the company’s.... Read more »

Posted on : Wednesday , 23rd November 2016

Bliss GVS Pharma bags $ 111 million contract in Kenya

 The company operates an innovative public-private engagement model to address unmet healthcare requirements in Kenya through its chain of clinics and partner service providers   Bliss GVS Pharma Ltd, through its Kenyan subsidiary Bliss GVS Healthcare Limited (BGHL), has won a three year contract worth $ 111.40 million (about Rs 755 crore) from Aon Kenya Insurance Brokers Ltd for provision of medical healthcare services in Kenya. This contract covers outpatient services.... Read more »

Posted on : Wednesday , 23rd November 2016

China pledges to deepen military cooperation with Tanzania

 DAR ES SALAAM -- China is willing to work together with Tanzania to constantly deepen bilateral military cooperation and boost their military ties, said Fan Changlong, vice chairman of China's Central Military Commission, on Monday.   Fan made this remark when he wrapped up his three-day official visit to Tanzania, where he met with Tanzanian President John Magufuli and Defense and National Service Minister Hussein Ali Hassan Mwinyi, and visited Tanzanian troops and.... Read more »

Posted on : Wednesday , 23rd November 2016

Kilifi County signs investment deals worth Sh300b

 Entrepreneurs will put in Sh300 billion in investments in Kilifi County following the conclusion of the inaugural Kilifi International Investment Conference which ended on Friday. The deals are not inclusive of the Sh100 billion Centum Investment Limited committed earlier for the construction of an industrial park at Vipingo in Kilifi South. “The Sh300 billion deals signed here today is a vote of confidence for Kilifi County as an ideal investment area. This money will.... Read more »

Posted on : Wednesday , 23rd November 2016

Kenya, Sudan sign oil and mining pacts

 Kenya and Sudan have signed agreements to deepen collaboration in oil and mining industry.   Hence, Kenya is poised to gain from the agreements as Sudan has made strides in both sectors.   Sudan is an established oil exporting country and has also made progress in mineral business with the government owned Sudan Gold Refinery in Khartoum producing 80 tonnes of pure gold in the last one year.   President Uhuru Kenyatta and President Omar al-Bashir witnessed.... Read more »

Posted on : Wednesday , 23rd November 2016

Kenya Vehicle Manufacturers steps up assembly of Hyundai light trucks

 NAIROBI, KENYA: Kenya Vehicle Manufacturers (KVM) has stepped up the assembly of Hyundai light trucks for CICA Motors, the distributor for Kenya. To meet the demand for three and five tonne trucks.   The assembly of Hyundai light trucks by KVM commenced early in 2012 after an intensive training programme, followed by checks and tests by KVM quality controllers and trainers from Korea. Technical audit teams from Hyundai Motor Company visit Kenya periodically to carry out.... Read more »

Posted on : Wednesday , 23rd November 2016

South African aluminum firm to build 90-job manufacturing plant in Henderson

 Henderson County can expect 90 new jobs in the community possibly as soon as the end of 2017. And, according to one official, that's just the start.   Hansens Aluminum LLC , a company based out of South Africa, announced Thursday that they plan to build an $18.4 million manufacturing facility at the Henderson County Riverport.   "We're trying to open up to a broader market by being in Henderson," said Jared Pudney, Hansens' business development manager..... Read more »

Posted on : Wednesday , 23rd November 2016