Cigarette manufacturer Savanna Tobacco is gearing to expand its footprint on the African continent and has made key changes to its structures in pursuit of that objective, the company said yesterday. The Savanna group, chaired by Adam Molai, announced appointment of two key executives namely Mr Nick Hales as its global chief executive officer and Mr Douglas Mamvura as chief marketing officer.
Posted on : Thursday , 3rd September 2015
A workshop for framers from Bahir Dar and Butajira surrounding areas was organized at Bicolo Fruit Nursery, West Gojjam in order to train them on how to harvest, pick and prepare, handle avocado. Speaking on the workshop, the Israeli Ambassador to Ethiopia Belaynesh Zevadia said that the project has been implemented by Israel's Agency for International Development Cooperation (MASHAV) and USAID in cooperation with the Ethiopian Government.
Posted on : Thursday , 3rd September 2015
UN’s International Atomic Energy Agency (IAEA) has decided to help African nations with the development of nuclear energy for electricity generation
Posted on : Thursday , 3rd September 2015
Mega infrastructure projects are planned for East Africa and are set to create unique opportunities and open new markets in Kenya, Uganda and Ethiopia. Industry sectors expected to benefit from the planned infrastructure developments include oil and gas (O&G), mining, agriculture, and retail.
Posted on : Thursday , 3rd September 2015
Kenya is set to become a hub for intra-regional trade in Africa, according to a new report from Frost & Sullivan. An estimated $55.6 billion in investments in infrastructure development for Kenya is planned, the majority of which will focus on telecommunications and power generation infrastructure, according to the report.
Posted on : Thursday , 3rd September 2015
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Earnings generated from the cattle sale at the Pugu Auction market increased to 2.45bn/- last week from 2.36bn/ of the previous period.
Posted on : Wednesday , 2nd September 2015
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NAIROBI: The Government will set up a powerful entity to protect critical infrastructure against threats such as terrorism, espionage and sabotage.
Posted on : Wednesday , 2nd September 2015
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The Dar es Salaam Stock Exchange (DSE) experienced high traffic from both local and foreign investors resulting into a turnover of 29.89bn/- compared to 1.74bn/- of the previous week.
Posted on : Wednesday , 2nd September 2015
EXIM Bank Tanzania has signed a USD 20 million (about 42bn/-) loan pact with Germany’s private enterprise lender, Deutsche Investitions und Entwicklungsgesellschaft MBH (DEG) to support small and medium-sized enterprises (SMEs).
Posted on : Wednesday , 2nd September 2015
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The government has leased 22 micro-power projects to private investors, a move aimed boosting the country’s power generation capacity.
Posted on : Wednesday , 2nd September 2015
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Road construction in Ethiopia will now be dominated by the government after Ethiopian Road Construction Corporation (ERCC) rolled out a business plan to boost its market share in road construction to 50%.
Posted on : Wednesday , 2nd September 2015
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Shanzu Beach Resort is set to construct a new block of apartments at the Kenyan Coast in a bid to boost their high end property development.
Posted on : Wednesday , 2nd September 2015
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