Market News Page No. 1| Africa Business News

Launching in Tanzania, SPIRO Advancing Sustainable Urban Transportation

With the official commencement of operations in Tanzania, Spiro, Africa's top EV mobility provider, is providing environmentally friendly electric two-wheelers to tackle urban transportation issues and lower carbon emissions. As it continues to scale mobility solutions in rapidly expanding regions, this launch is a component of the company's larger expansion strategy throughout Africa. Spiro intends to build or collaborate on.... Read more »

Posted on : Monday , 16th June 2025

Tanzania's Booming Healthcare Market Awaits Exporters!

Unlock Growth in the Heart of East Africa: Tanzania's Booming Healthcare Market Awaits Exporters! Are you seeking a dynamic and rapidly expanding market for your medical and healthcare products and equipment? Look no further than Tanzania, a nation poised for significant growth in its healthcare sector, presenting unparalleled opportunities for international exporters like you. With a burgeoning population of over 60 million and a.... Read more »

Posted on : Thursday , 12th June 2025

NHIF's New Lindi Office Set to Boost Healthcare Access as Completion Nears

The Lindi Region's National Health Insurance Fund (NHIF) has started building a new regional office, which is currently 94% finished, to make it simpler for people to receive healthcare services. NHIF Regional Manager Irine Katarahiya stated in a statement, that the office, which will cost Sh 401 million in total, is being built in Rasibura Ward, Lindi Municipality. Katarahiya claims that the office wants to increase the welfare of.... Read more »

Posted on : Wednesday , 4th June 2025

Medical Tourism in Tanzania on the Rise Due to Healthcare Investments

According to a cabinet minister, Tanzania is seeing a notable increase in medical tourism as a result of large government expenditures on healthcare services. Over the last four years, the number of international patients seeking treatment in Tanzania has more than doubled, according to Minister of Health Jenista Mhagama, who spoke to parliament in the capital, Dodoma. The number of foreign patients increased from 5,705 to 12,180.... Read more »

Posted on : Wednesday , 4th June 2025

Tanzania Moves Towards Steel Import Ban as Local Production Surges.

Tanzania is preparing to halt steel imports due to a sharp increase in local manufacturing output, signaling a major step forward in the country’s industrialization agenda.During a visit to Lodhia Industries in Mkuranga District, Coast Region, Prof. Kitila Mkumbo—Minister in the President's Office for Planning and Investment—praised the nation's progress, describing the expansion of domestic steel production as transformative. He noted.... Read more »

Posted on : Thursday , 5th June 2025

The State Funds Water Projects in ASALs with Sh 300 Million in Kenya

At a cost of Sh 300 million, the government is putting about 31 water projects into 23 Arid and Semi-Arid (ASAL) counties. The projects were being carried out in the counties most affected by the drought, such as Marsabit, Turkana, Mandera, Wajir, West Pokot, Baringo, and Tana River. Referred to as key initiatives, the PS stated that they were being carried out in accordance with the Bottom-up Economic Transformation Agenda with the.... Read more »

Posted on : Tuesday , 3rd June 2025

Kenya Power Endorses Street Lighting Levy Proposal to Boost Infrastructure

Kenya Power and Lighting Company (KPLC) has expressed support for a proposal to introduce a special levy aimed at funding street lighting projects across the country. The proposed Street Lighting Infrastructural Support Levy (SLISL) would be charged to electricity consumers and is expected to enhance lighting infrastructure in all 47 counties. The utility firm believes the move could significantly improve public safety and support.... Read more »

Posted on : Monday , 2nd June 2025

Surge in Demand for Woodworking Equipment in Tanzania's Expanding Furniture Sector

Tanzania's woodworking industry is experiencing a significant transformation, driven by a growing middle class and increasing demand for quality furniture. The furniture market in the country is expected to reach $606 million in revenue by 2025, with an anticipated annual growth rate of 1.37% from 2025 to 2029 . This expansion is fueling a surge in demand for modern woodworking equipment to meet both domestic and regional needs. The.... Read more »

Posted on : Monday , 2nd June 2025

AfDB Commits $2.5 Billion to Boost Tanzania's Infrastructure Development

The African Development Bank (AfDB) has committed US$2.5 billion to fund critical infrastructure projects in Tanzania, with over 70% allocated to transport-related developments such as roads, railways, and airports. According to Eng. Mumina Wa-Kyendo, Chief Transport Engineer at the AfDB Tanzania Office, the funding targets priority upgrades that will improve regional connectivity and logistics. Among the key projects is the Tanzanian.... Read more »

Posted on : Monday , 2nd June 2025

Lake Victoria Gold Strengthens Board by Partnering With Taifa Group

Lake Victoria Gold is strengthening its strategic cooperation with Taifa Mining Civils Ltd., Tanzania's top mining and construction enterprise. The corporation reports that Richard Reynolds, the CEO of Taifa Mining Civils Ltd., has been named to the Lake Victoria board. Reynolds was essential in defining the company's mining activities and implementing large-scale projects in Tanzania. In his present role, he provides strategic oversight and.... Read more »

Posted on : Tuesday , 3rd June 2025

Kenya Aims to Deepen Its Use of Renewable Energy With Green Hydrogen

In order to increase its usage of renewable energy, Kenya is considering using green hydrogen, which is predicted to have enormous potential for both cleaning up industries and generating new jobs locally in a various sectors. The nation intends to use hydrogen generated by geothermal, solar, and wind power plants whenever they are not supplying electricity to the national grid. Following this, hydrogen will be used in.... Read more »

Posted on : Friday , 30th May 2025

Moi University minimizes electricity spending by using solar power.

Moi University has strengthened its collaboration with Kenyan engineering company Afriwatt to begin phase two of its solar energy project in an effort to create a more sustainable future. The project intends to lower the university's electricity expenses, encourage climate action, and improve student training and research prospects.Acting Vice-Chancellor Prof. Kiplagat Kotut spoke during the launch at Moi University's main campus in Kesses,.... Read more »

Posted on : Wednesday , 28th May 2025