African Business News

General Electric to boost SA production

General Electric to boost SA production

Localisation already at 35%, requirement could be as much as 65% for upcoming Transnet tender.PRETORIA – The American locomotives manufacturer GE Transportation, through its subsidiary General Electric South Africa Technologies (GSAT), is looking at increasing the local content in locomotives manufactured in South Africa.

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Gas finds put East Africa on energy map

Massive offshore gas discoveries in East Africa are catapulting the region into a major player in the global energy arena, bringing billions in investment that could transform entire economies.

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African countries invite Indian investment in agriculture

Confederation of Indian Industry

Hyderabad, June 21 (IANS) African nations like Zambia, Ethiopia and Mozambique invited Indian investors to invest in various sectors, especially in agriculture, saying this has the potential to provide food to both Africa and India.

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Tanzania: Plans Afoot to Insure Farmers

The Bank of Tanzania (BoT) and the Tanzania Insurance Regulatory Authority (TIRA) are finalising the formation of a special unit to oversee the establishment of an insurance cover for crops and farms to ensure farmers are indemnified from various risks, especially the vagaries of weather.

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