Africa’s Power & Energy Exhibition is announced as market continues to attract investment
Africa has experienced massive internal growth in major areas within the last 20 years which have contributed greatly to investors’ assets. One area which is particularly high in demand and continuously predicting huge returns is the energy market.
It has already made an impact by creating greater well-being to the people of Africa whilst boosting profits for shareholders involved. Due to this massive interest in the region’s power sector which includes the UN’s 2014 ‘Sustainable Energy for All’ programme, making Africa as one of the main areas of focus, EXPOGROUP is organizing the 5th Power & Energy 2019 Exhibition, from the 7th to the 9th of November 2019 in Tanzania at the Diamond Jubilee Expo Center (DJEC) in Dar-es-Salaam and Kenya’s 8th edition from the 25th to the 27th of July, 2019 KICC, Nairobi’s famous international venue
ICT sector to attract more foreign investment- East Africa
Communication Authority of Kenya (CA) has plans to integrate the Information Communication Technology (ICT)sector so that it can attract more Foreign Direct Investments (FDI) into the region.
The director general of Communication Authority of Kenya (CA), Mr. Francis Wangusi, told media in Nairobi that "the six partner states that is including Burundi, Kenya, Tanzania, Rwanda and Uganda have small fragmented markets that have limited appeal to foreign investors and this six partner states have already developed draft policies which will be domesticated by each country."
South Sudan to receive largest investment from South Africa
South Sudan is making its first big foreign investment as South Africa invests $1 billion in South sudan oil sector.
After the peace deal was signed two months ago, the increasing production will help the country to recover as South Sudan has Africa's third largest oil reserves at 3.5 billion barrels. Signing of this agreement would benefit both the countries.
Oromia to have a new agricultural processing industrial park:
Leaders of the Three Horn of Africa nations which included Ethiopian Prime Minister Abiy Ahmed, Sudanese President Omar al-Bashir, and Djibouti President Ismail Omar Guelleh inaugurated a new industrial park dominated by agricultural processing firms in the Oromia region in southwest Ethiopia.
The industrial park, spanning 51 hectares in the town of Jimma in the Oromia regional state, represents an investment of $61 million.
Increase by 13% in Tea export from East Africa to the rest of the world
Tea export volumes from East Africa to the rest of the world have risen by 1.4 million kilograms, representing a 13% increase from the comparable previous year, data from the East African Tea Export Auction reveals.
A latest auction report has shown that a total of 10.4 million kilogramme bags of tea were exported, more than the 9 million kilogramme bags exported around the same time the previous year.
Government to take initiatives to accelerate Agric Sector Performance:
In a move to improve the livelihoods of farmers in the country,the current Akufo-Addo administration is taking steps to boost productivity in the agriculture sectorÂ
The measures that have been put in place are expected to be officially announced at the 2018 edition of the National Farmers’ Day Celebration scheduled to take place on December 7 in Tamale, the Northern Regional capital.
The New Patriotic Party (NPP) administration in 2017 first introduced the ‘Planting for Food and Jobs’ programme, targeting 250,000 farmers.
The scope, scale and spread of current and future oil and gas infrastructure development projects in East Africa
East Africa has been an importer of refined product, largely from the Middle East. The bulk of this product has entered the region via Mombasa in Kenya and also through Dar es Salaam in Tanzania. From these ports it has made its way, via pipeline and fuel trucks, across Kenya and Tanzania into Uganda, the Democratic Republic of Congo, Rwanda, Burundi, Ethiopia and even South Sudan.
With Tanzania currently returning annual GDP growth rates of anywhere between 5 and 10 per cent, Uganda maintaining
