Company News

A consortium of two Chinese firms and an Austrian engineering company has been selected to build the 80MW Rusumo hydropower station that is being jointly developed by Rwanda, Tanzania and Burundi.

Electronic giants, Philips, is interested in entering the Rwandan market to provide lighting and healthcare-lifestyle solutions.

The Embassy of the People's Republic of China has expressed its appreciation to Tanzania Standard (Newspapers) Limited (TSN), saying the company has been 'very supportive' to promoting cooperation between the Far- East country and Tanzania.

Huawei has sold close to nine million units of Huawei P9 and Huawei P9 Plus devices since the official launch in April 2016.

Bauchi — The Bauchi State Government will sign Memoranda of Understanding (MOU) with some Chinese investors wishing to invest in the state's economy.

Zimbabwe's Local car assembler, Quest Motors, says they are almost closing. It has warned that it may be forced to shut down as the Reserve Bank of Zimbabwe's (RBZ) policies have made it impossible to pay suppliers of vehicle kits in Japan and China.

Johannesburg — Chinese telecom giant Huawei on Thursday signed cooperation contracts with global and local music vendors in South Africa to accelerate digitalization of African music.

Nairobi — Chinese video surveillance firm HikVision Overseas plans to set up an office in Kenya by the end of the year.

Johannesburg - Mara Delta, the multilisted property fund formerly known as Delta Africa that offers investors access to high growth opportunities on the continent, is in negotiations to further expand its geographical footprint in Africa into Uganda.