Tanzania in conjunction with a Chinese company is set to construct a 2,561 km standard gauge railway at a cost of US$ 7.6bn. The railway line will connect the Dar es Salaam port to land-locked countries and hence enhance the economy of the country.
Posted on : Thursday , 4th June 2015
GENERAL Electric (GE) is seeking to more than double revenue from Africa to as much as $10bn over the next five years as it targets power, health and locomotive opportunities in countries including Nigeria and Ethiopia.
Posted on : Thursday , 4th June 2015
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Agriculture accounts for 30% of the gross domestic product (GDP) of EA and it employs over 60% of the population of East Africa. In East Africa, it is reported to have annual value of $50b and this represents a 75% of the Agricultural products being traded from the commodities like maize, rice, potatoes, cassava, beans, wheat among others.
Posted on : Wednesday , 3rd June 2015
Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce that drilling operations have commenced on the Zingana exploration well on the Bomono Permit, onshore Cameroon. The Zingana well is the first of two wells in the 2015 exploration programme. Zingana is located 20 kilometres north-west of Douala and will target a Paleocene (Tertiary) aged threeway dip closed fault block that was partially penetrated by shallow wells drilled in the 19.... Read more »
Posted on : Wednesday , 3rd June 2015
Posted on : Wednesday , 3rd June 2015
Honda Cars India has started exporting its small Jazz [Fit in some markets] to South Africa from its plant in Rajasthan where it increasing production of the model from 120,000 to 180,000 units a year.
Senior vice-president for sales and marketing, Jananeswar Sen, said exports to South Africa from the Tapukara factory had already started. The third generation Jazz goes into production there in July.
Tapukara also produces the mid size City and compact A.... Read more »
Posted on : Wednesday , 3rd June 2015
Enel Green Power (EGP, Rome, Italy) has begun construction of the Pulida solar photovoltaic (PV) plant, which is located in the Free State Province in South Africa.
The PV project will have a total installed capacity of 82.5 MW and once fully operational will be able to generate more than 150 GWh of solar power annually, equivalent to the annual consumption needs of around 48,000 South African households.
Solar power generated by Pulida will be sold to .... Read more »
Posted on : Wednesday , 3rd June 2015
Daimler's South African Mercedes-Benz plant in East London, Eastern Cape province, has built its one millionth passenger car - a white, right hand drive, C-Class sedan.
The latest generation has been produced since May 2014 in East London - one of four factories world wide making the model line - and this is the fourth generation to be built in South Africa. Bremen, Germany, is the lead plant and the others are Tuscaloosa, Alabama and Beijing Benz.
M-B .... Read more »
Posted on : Tuesday , 2nd June 2015
Ethiopian Airlines’ drive to become a global carrier is to be supported by the construction of a world-class cargo terminal at Addis Ababa Bole International Airport.
The $98m terminal, which will be the size of five football grounds, is to be designed by German engineer Unitechnik Group.
According to Unitechnik, the new terminal will be able to handle 600,000 tonnes of freight a year: more than four times the capacity of the existing facility, wh.... Read more »
Posted on : Tuesday , 2nd June 2015
NAIROBI - The World Bank's private sector arm, the International Finance Corporation (IFC), on Friday inked a new partnership with Chinese construction and engineering company to develop low-cost houses in three African countries.
IFC and CITIC Construction Co., Ltd will set up a joint venture and inject 300 million U.S. dollars to develop 30,000 homes in Kenya, Rwanda and Nigeria in the next five years.
"As Sub-Saharan Africa becomes more urbanize.... Read more »
Posted on : Tuesday , 2nd June 2015
Indian automobile manufacturer Mahindra & Mahindra (M&M) has opened a business unit in Africa with a view to capitalizing on the emerging market opportunities in the continent.
The company, which has opened its local office in South Africa, will come up with three more similar units in Egypt, Nigeria and Kenya. The new additions will work with local companies and employees.
Playing the role of internal distributor for the carmaker, the unit will.... Read more »
Posted on : Tuesday , 2nd June 2015
Senet Holding, a Hong Kong-based Investment Company is seeking new markets and partners in Uganda in areas where substantial development exists from oil and gas to minerals and consumer goods.
Posted on : Monday , 1st June 2015
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