N e w s

G20 to support Africa’s industrialization

 World leaders at this year’s G20 Summit in China have backed a new plan to support Africa’s industrialization, Chinese President Xi Jinping told journalists on Monday.   Speaking shortly after the closure of the summit, Xi did not elaborate the details of the plan but said the Hangzhou summit had crafted a raft of action plans to help developing nations.   “For the first time, we have devised a.... Read more »

Posted on : Saturday , 17th September 2016

Scientists combine satellite data, machine learning to map poverty

 One of the biggest challenges in providing relief to people living in poverty is locating them. The availability of accurate and reliable information on the location of impoverished zones is surprisingly lacking for much of the world, particularly on the African continent. Aid groups and other international organizations often fill in the gaps with door-to-door surveys, but these can be expensive and time-consuming to conduct.   In.... Read more »

Posted on : Friday , 16th September 2016

Tanzania: CTI Study Roots for Expertise Sharing to Industrialise Tanzania

 Dar es Salaam — Industrialists have advised the government to strengthen the Small Industries Development Organisation (Sido) and support small and medium-size enterprises (SMEs) to form business groups and clusters.   They have said by so doing such parties will share expertise vital for industrialisation. Confederation of Tanzania Industries (CTI) chairman Samuel Nyantahe said the organisation had prepared a report on.... Read more »

Posted on : Thursday , 15th September 2016

Lubricants Market Size to Reach 47.75 million tons by 2022

 The global lubricants market was evaluated at 37000 million US dollars during year 2014 in terms of revenue. It is predicted to cross 74000 million US dollars by end of year 2022. The global industry is anticipated to grow at a CAGR growth rate of 8.5% during the estimated period in revenue terms.   The growth of the global lubricants market is promoted due to aspects like rapid industrialization in the APAC zone. Growing.... Read more »

Posted on : Wednesday , 14th September 2016

Tanzania: TCCIA Calls On Govt to Invest Heavily to Boost Industries

 Dar es Salaam — This was a message from key industry stakeholders on Thursday during a press conference organised by the Tanzania Chamber of Commerce, Industries and Agriculture (TCCIA).   TCCIA warned the government that a blanket cost-cutting drive would prove counterproductive in the long run. "If the government spends more, it will also be in a better position to collect more revenue, there is a huge chance for return.... Read more »

Posted on : Monday , 12th September 2016

Rise of the machines

 Consultancy group Juniper Research has forecasted that fintech platform revenues for unsecured consumer loans issued using machine learning technology are set to see a jump of 960 per cent during the period 2016-2021, rising to $17 billion globally in 2021. The rise is driven by advances in analytics and accessible computing power. Specifically artificial intelligence (AI) is expected to advance rapidly, according to Juniper's new report,.... Read more »

Posted on : Thursday , 8th September 2016

TWO MORE OF CYRUS’ CHARGING MACHINES IN SOUTH AFRICA

 Any foundry that has origins dating back to the 1940´s and is still operating is a rare occurrence in South African foundry industry. NI-Foundry, formerly known as Guestro Casting and Machining, is one of a few. NI-Foundry belongs to Naledi Inhlanganiso (Pty) Ltd and is a manufacturing group established in 2013 focusing its operations on iron and steel manufacturing for the rail, mining, energy and automotive market.... Read more »

Posted on : Wednesday , 7th September 2016

High Speed Steel (HSS) Metal Cutting Tools Market: Latest Innovations, Drivers and Industry Key Events 2016 - 2024

 The competition among high speed steal metal cutting tools vendors has increased rapidly. Developing countries such as Russia, Brazil, India, China and South Africa are witnessing huge investment in high performance and high quality machines. Increase in competition among HSS vendors lead to a reduction in total cost.   Tooling is important part of the manufacturing process since machine tools are used to bore, grind, mill, tap, and.... Read more »

Posted on : Saturday , 3rd September 2016

Tackling Air Quality Prediction in South Africa With Machine Learning

 Machine learning is nipping at the heels of conventional physical modeling of air quality predictions in more and more places. The latest is Johannesburg, South Africa, where computer engineer Tapiwa M. Chiwewe at the newly opened IBM Research lab is adapting IBM’s air quality prediction software to local needs and adding new capabilities. The work is an expansion of the so-called Green Horizons initiative, in which IBM researchers.... Read more »

Posted on : Friday , 2nd September 2016

Tanzania Pension Fund Loan USD2.1m to Biotech Industrial Project

 The National Social Security Fund (NSSF) of Tanzania recently disbursed USD2.1m to the Tanzania Biotech Product Limited in Kibaha for production expansion. The factory is under the National Development Corporation (NDC) and is designed to manufacture biotech products that kill mosquito larva. The NSSF decision to invest in such project follows the directives of President Magufuli for pension funds to grant funds to industrial.... Read more »

Posted on : Thursday , 1st September 2016

Egyptian Samcrete’s IDG studies developing industrial zones in KSA, Ethiopia

 Industrial Development Group (IDG), the industrial arm of Egypt-based construction firm Samcrete, is studying developing major industrial zones in Ethiopia and Saudi Arabia. The move will be part of IDG’s strategy to expand businesses abroad.   Sameh Attia, IDG’s managing director, said his firm is currently conducting studies on offers received from a number of investors to develop major industrial zones in Ethiopia and.... Read more »

Posted on : Wednesday , 31st August 2016

Tanzania: Private Sector Seen As Big Cog for Industrial Growth

 The Prime Minister, Mr Kassim Majaliwa, has called on the private sector to support the government's quest for an industrial economy, insisting that their contribution was vital towards realising the government's dream.   "We need to work together so that our national development agenda can be achieved. This collaboration will surely bring an economic revolution as well as helping our communities to prosper," he.... Read more »

Posted on : Tuesday , 30th August 2016



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