Foreign investors on rise in Tanzania

DAR ES SALAAM, Tanzania  - The number of foreign investors in the country has increased dramatically, following the launch of the East Africa Stock Exchange (EASE) market in September last year,.    The market provides a wide chance for Tanzanian companies to be listed in the East Africa Stock Exchange market,” said Chief Operating Officer, of Unit Trust of Tanzania (UTT),  Simon Migangala when briefing journalists on UTT achievements in.... Read more »

Posted on : Tuesday , 3rd February 2015

Manufacturing development a boost to industrilization in Africa

 Africa still accounts for a very low share of global manufacturing value-added (MVA) and global manufacturing exports (1.1 percent and 1.3 percent respectively in 2008). Even more worrying is that Africa's share of global low-technology manufacturing exports, a sector where it should have immediate comparative advantages, fell from 1.5 percent in 2000 to 1.3 percent in 2008, as opposed to East Asia and the Pacific where it rose from 17 percent to 26 percent over the same period..... Read more »

Posted on : Tuesday , 3rd February 2015

Fostering industrial development in Africa in the new global environment

 In a special issue of its Economic Development in Africa Report this year, the United Nations Conference on Trade and Development (UNCTAD) collaborated with the United Nations Industrial Organization (UNIDO) to delineate strategies and policy options for Africa to foster its industrial development in the new global environment. The report advocates for African countries to embark on a new industrial policy centered on manufacturing development. By industrial policy is meant.... Read more »

Posted on : Tuesday , 3rd February 2015

Kenya: Work begins on US$ 52m Nairobi pipeline terminal expansion

Kenya Pipeline Company’s (KPC)fuel terminal in Nairobi is set to undergo a US$ 52m expansion  involving construction of a 450-kilometre pipeline to enable it hold extra petroleum products once the new Mombasa pipeline starts functioning in 2016. It will be completed within 24 months according to Jacinta Sekou, a KPC’s spokesperson.   The construction, which also involves developing four storage tanks with a capacity of 133.52 million litres, will be undertaken.... Read more »

Posted on : Tuesday , 3rd February 2015

Algeria to start construction of Bellara Steel Complex this year

 Construction of the US$2 billion Bellara steel complex construction will kick off in the first quarter of this year 2015 in Jijel East of Algeria, the prefect of Jijel, Ali Bedrici has said.   The steel project will help the country to produce 4 million tons of steel per year in the second phase of construction, but is designed to first assist in producing 2 million tons of steel rebars in its first phase before 2017 in order to meet the requirements of the local market.... Read more »

Posted on : Tuesday , 3rd February 2015

Lower oil prices fuel improved trade balance

 SA’s TRADE balance switched from a deficit into a surplus in December as export growth outpaced imports, fuelling optimism that cheaper oil is going to help narrow the current account deficit this year.   Figures released by the South African Revenue Service (SARS) on Friday show that the country’s trade balance shifted from a revised R5.27bn deficit in November to a R6.8bn surplus in December.   This is SA’s highest trade surplus since December.... Read more »

Posted on : Monday , 2nd February 2015

Egypt engaged in talks on importing Israeli gas

 Egypt is considering importing natural gas from Israel as a delegation from American oil firm Noble Energy has traveled to the North African country for talks over the issue, sources say.   “Negotiations are underway about the amount of gas that can be imported,” an Egyptian Oil Ministry source said on Sunday, adding the talks were about the technical procedures for bringing Israeli gas into Egypt.   Earlier in the day, another source at Cairo's airport.... Read more »

Posted on : Monday , 2nd February 2015

The West's baloney about China-Africa cooperation

challenges that is faces today," said Macharia. "The West has been in Africa for a long time but has never made development of Africa's infrastructure as a priority."   "The Western nations only develop infrastructure in Africa that helped to ship Africa's resources to the West," said Dr. Gerishon Ikiara, lecturer of international economics with University of Nairobi, and ex-Permanent Secretary with Kenya's Ministry of Transport and.... Read more »

Posted on : Monday , 2nd February 2015

Low Oil Prices To Spur More M&As In Oil & Gas Sector

 The oil and gas sector is set to see increased deal activity across the world as a result of low oil prices, the latest report from consulting firm AT Kearney showed.   The report said that mergers and acquisitions in the oil and gas sector showed strong growth in 2014 after a slow year in 2013.   Meanwhile the fall in oil prices and the decision of OPEC to not cut output in 2015 are the main factors that will spur M&As this year, the report added.   Oil.... Read more »

Posted on : Monday , 2nd February 2015

Trade and Industrial Development in Africa

 This book revisits the perennial challenge that scholars, economists, and politicians have been grappling with since the 1960s. Development, in this book, has been defined in a context that projects it as a multidimensional and complex process which seeks to enhance the human, social, economic and cultural welfare of the people. This book calls for a rethinking of trade and industry for Africa’s development. It uses data drawn from national development plans and.... Read more »

Posted on : Monday , 2nd February 2015

 Africa's vast industrial zone

 Suame Magazine, is one of the biggest industrial areas in Africa.  In Suame Magazine, mechanics in over 12,000 small workshops fix cars and machinery with old spare parts, most of which come from Europe. It is so crowded that the Suame Magazine Industrial Development Organization is planning to buy a four-kilometer stretch of land nearby to turn the area into an official industrial zone. Eric Gyebi, Kwame Acheampong and Osei Kofi Isaac fix fuel pumps for trucks and buses..... Read more »

Posted on : Monday , 2nd February 2015

Middle East and Africa Market Industrial trade Worth $10 Billion by 2019

 The report, "Middle East and Africa - Industrial Valves Market By Closure type (Quarter turn, Multi turn, and Others), By Function (Control, Isolation, Check and Others), By Type (Ball, Globe, Plug and Others) and By Application (Oil & gas, Chemical, Municipal, Power, and Mining) - Global Trend & Forecast To 2019" The Middle East and Africa Valve Market is estimated to reach $10 Billion by 2019,with a projected CAGR of 5.7% in the next half a decade. Browse.... Read more »

Posted on : Monday , 2nd February 2015