African Business News

Jubilee Insurance and Aga Khan Joins Hands to launch Healthcare Insurance

Tanzania’s Jubilee Insurance Company and the Aga Khan Health Services have joined hands to successfully launch an insurance product to assist with medical and health needs. ‘JilindeAfya’ as it is called, will offer a comprehensive preventative and curative healthcare solution.

The newly initiated project will cover both in-patient and out patient. The product aims to give all individuals in Tanzania an easy access to quality health and medical services

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CHINA’S KEEN INTEREST IN THE AFRICAN AUTOMOTIVE MARKET

The global automotive business is in its most disruptive era since the advent of the industry over a century ago, creating an abundance of opportunities for new and established companies in the global automotive market. Analysts anticipate the market to grow by 2%, reaching 91 million new units sold in 2016.
The African economy has seen steady growth for the past decade and even with sustained low oil and commodity prices, the automotive industry is expected to grow considerably in most countries. Africa is forecast to grow between 3% and 3.7% in 2016 with East Africa retaining its position as the fastest growing region on the continent.

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Ethiopia is 5th leading investor in Renewable energy in Africa

Ethiopia is the 5th major investor in renewable energy in Africa at US $ 100 million, according to the Renewable, Global Status Report, according to Capital. South Africa leads in renewable energy investment followed by Morocco, the second major renewable energy investor at US$ 2 billion.

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Turkish Exporters Target Africa

At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries.
Africa has recorded an annual growth rate of 5 percent over the last decade and is expected to continue this trend in the coming years. Six out of ten fastest growing economies in the world are now in Africa. Economic predictions indicate that Africa will be a $29 trillion economy in 2050, larger than the 2012 combined GDP of the US and Eurozone.

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