Kenya: Japan and Kenya Sign Sh27.3 Billion Deal to Build Dongo Kundu Hub

 Kenya has secured Sh27.3 billion from Japan to construct an industrial and commercial hub in Dongo Kundu, Mombasa.   The first phase of the Special Economic Zone (SEZ), which is expected to alter the coastal town in terms of infrastructure and business, is scheduled to be ready by 2019.   An agreement signed by the governments of Kenya and Japan on the sidelines of the Tokyo International Convention on Africa Development (Ticad) shows that of the Sh27.3 billion.... Read more »

Posted on : Tuesday , 30th August 2016

Tanzania: Government Committed to Support SMEs

 The government has officially launched entrepreneurship and competitive centre pledging to create conducive environment for entrepreneurs to thrive in business and stimulate economic activities as well as helping to create jobs and trade opportunities.   This was said in Dar es Salaam at the weekend by the Minister of State, Prime Minister's Office responsible for Policy, Parliament, Labour, Employment and People with Disabilities, Ms Jenista Mhagama at the launch of.... Read more »

Posted on : Tuesday , 30th August 2016

Tanzania: Private Sector Seen As Big Cog for Industrial Growth

 The Prime Minister, Mr Kassim Majaliwa, has called on the private sector to support the government's quest for an industrial economy, insisting that their contribution was vital towards realising the government's dream.   "We need to work together so that our national development agenda can be achieved. This collaboration will surely bring an economic revolution as well as helping our communities to prosper," he said.   The Prime Minister was speaking at.... Read more »

Posted on : Tuesday , 30th August 2016

Tanzania: Council Releases Sh15.7 Millon to Empower Women and Youth

 Korogwe — Loans amounting to Sh15.7 million have been issued to income-generating groups run by women and youth in the district.   The funds are an accumulation of internal revenues generated by the local authorities between July and August this year said district executive director Jumanne Shauri while handing over cheques to the beneficiaries over the weekend.   During 2016/17 fiscal year the council has projected to collect at least Sh1.5 billion while.... Read more »

Posted on : Tuesday , 30th August 2016

Tanzania: Kibaha's Malaria Biological Pesticide Plant Gets 4 Billion/ - Capital Boost

 The National Social Security Fund (NSSF) has advanced a loan of 2.1 million US dollar (over 4.0bn/-) to the Tanzania Biotech Product in Kibaha, Coast Region.   NSSF Director General Prof Godius Kahyarara said the fund offered the loan after taking into consideration number key issues to determine project's worthiness and payback.   "We normally consider a number of criteria, including profitability of the projects, their necessity, security and the goals of.... Read more »

Posted on : Tuesday , 30th August 2016

R11bn invested in SA auto industry

 Pretoria Minister of Trade and Industry Rob Davies on Friday announced the biggest automotive investment in Africa in the last 40 years.   As part of the investment, the Coega Industrial Development Zone will get a record R11-billion upgrade from the Beijing Automobile International Corporation (BAIC).   The Coega Development Corporation signed a deal with BAIC for a completely knocked down automotive manufacturing plant in the Coega Industrial Development Zone..... Read more »

Posted on : Tuesday , 30th August 2016

China Auto Company Investing $819M in South Africa Plant

 Beijing Automotive International Corp. (BAIC) signed an agreement to build a new automobile manufacturing facility in a Port Elizabeth, South Africa industrial development, multiple news outlets reported.   The move by the Chinese state-owned auto maker represents the largest investment in the African continent’s automotive sector in four decades, a CNBC Africa report noted.   “The size of this investment demonstrates confidence by China and confidence.... Read more »

Posted on : Tuesday , 30th August 2016

To Compete Globally, South Africa Makes 3D Printing A Government Strategy

 South Africa’s public and private sectors are stepping up investment in 3D printing technology as the country seeks to identify future markets and products that will allow it to compete globally. South Africa has invested $24.75 million of public funds since 2014 on 3D printing research and development, according to a report in 3D-ers.   The government’s Additive Manufacturing Strategy is part of South Africa’s effort to introduce and capitalize on new.... Read more »

Posted on : Tuesday , 30th August 2016

SA’s SolarCap brings efficiency, aesthetics to solar roofing

 South African startup SolarCap has developed an innovative solar water pre-heating and electricity generation concept that brings both efficiency and aesthetics to solar roofing.   SolarCap has developed a solar water pre-heating system that blends in perfectly with any new or existing roof yet is significantly cheaper than solar geyser systems currently available on the market.   Co-founder Roy Patterson told Disrupt Africa the startup, which was founded in.... Read more »

Posted on : Tuesday , 30th August 2016

CS Health calls for paradigm shift in health governance to fight NCDs

 Health Cabinet Secretary, Dr. Cleopa Mailu has called for a paradigm shift in health governance, systems and financing to contain the rising cases of non-communicable diseases (NCDs) within the African Continent. The CS disclosed that NCDs such as hypertension, diabetes, and cancers, have led to increased deaths and it is imperative for Africa to foster joint partnerships towards resilient and sustainable health systems for quality life. The CS made the remarks at the TICAD VI.... Read more »

Posted on : Tuesday , 30th August 2016

Japan Chooses AfDB to Implement Bold New Infrastructure Plan for Africa

 Visiting Japanese Prime Minister Shinzo Abe has announced a bold new African infrastructure plan worth US $10 billion over the next three years to be implemented by the African Development Bank (AfDB), raising the stature of the Abidjan-based financial institution in achieving Africa's development.   The infrastructure investment package announced by the Japanese Prime Minister will focus on modernizing electricity, power and urban transport systems in order to improve.... Read more »

Posted on : Tuesday , 30th August 2016

Epanko Graphite Project Undergo Studies for 50% Production Expansion

 Australian graphite developer Kibaran Resources (ASX:KNL) announced that it has started studies on expanding the production capacity of its Epanko Graphite Project in Tanzania, by 50%. The studies will focus on increasing Epanko’s capacity from 40,000 tons per annum (tpa) of graphite concentrate to 60,000tpa. Kibaran decided to start the expansion studies after securing binding agreements covering all of the project’s 40,000tpa forecasted production. Kibaran.... Read more »

Posted on : Tuesday , 30th August 2016