African Business News

Tanzania: Commercial Agriculture Can Reduce Poverty

POVERTY levels deeply entrenched among rural folks can be significantly reduced if smallholder farmers are allowed to go into commercial agriculture with access to lucrative urban markets.

World Bank Lead Economist for Burundi, Tanzania and Uganda, Jacques Morriset said in Dar es Salaam

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Yanga, Chinese Firm Sign Stadium Construction Deal

MAINLAND soccer giants, Yanga, have signed an initial agreement with Chinese firm, Beijing Construction Engineering Group, for the construction of the former’s Kaunda Stadium.

The agreement was reached by Yanga Chairman, Yusuf Manji, and the firm’s General Manager, David Zhang, at the club’s headquarters

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Firm to Build U.S. $100 Million Wind Power Initiative

Nairobi –  Global infrastructure development giant General Electric Company (GE) last week announced a grand plan of investing some $100 million towards power generation in Kenya over the next one year.

The funding will go towards the construction of two wind power projects to boost generation to the national grid.

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Poultry Farming Company Introduces New Machinery

Asmara – Eritrean Poultry Farming Company, a private business located around Mai-Nefhi area, indicated that it has introduced new machinery worth 28 million Nakfa with a view to boosting production.

Mr. Tsehaye Gebreyesus, Manager of the company, said that availability of new incubators would save the company from chick imports,

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