Market News Page No. 1| Africa Business News

Business Network Uganda Launched to Boost Uganda-Kenya Trade, Investment and Partnerships

A new business platform, Business Network Uganda (BNU), has been established to bring together entrepreneurs, professionals and investors while encouraging trade, investment, knowledge sharing and commercial partnerships between Uganda, Kenya and the broader East African region. Operating under Bizsphere Club, BNU was officially launched in Kampala on September 19. Speaking at the launch, Kenya’s High Commissioner to Uganda, Ababu.... Read more »

Posted on : Friday , 2nd October 2026

DP World and GulfCap Africa move forward with investment in the Mombasa Industrial Park

DP World and GulfCap Africa, based in Kenya, signed an agreement, with Dr. William Samoei Ruto, President of the Republic of Kenya, for advancing the Mombasa Industrial Park, envisioned as a 222-hectare Special Economic Zone ( SEZ). The agreement extends the partnership previously announced by DP World and GulfCap Africa. It moves forward plans for development and reinforces DP World’s commitment to expand its investments in Kenya.... Read more »

Posted on : Friday , 2nd October 2026

Kenya's 9th-Generation Toyota Hilux Assembly Receives Approval Following a Quality Meeting

Association Vehicle Assemblers Limited (AVA) is set to begin assembling the ninth-generation Toyota Hilux in Kenya following the successful completion of a quality confirmation meeting. The introduction of the new Hilux pickup was announced by AVA, marking a significant development for Kenya’s vehicle assembly industry. The quality confirmation meeting brought together teams from Association Vehicle Assemblers Limited (AVA), CFAO Mobility.... Read more »

Posted on : Friday , 2nd October 2026

Ecograf Review Shows Tanzania’s Epanko Graphite Project Will Boost Output Up by 20%

A technical evaluation of EcoGraf Limited's Epanko Graphite Project in Tanzania indicates that initial annual production could scale up by 20% to reach 87,600 tonnes, while simultaneously lowering operating expenses by as much as 6.8%. A September 2026 Value Engineering Review performed by METC-PaulSam JV confirmed that this capacity expansion can be achieved using the existing layout from the February 2026 Updated Bankable Feasibility Study.... Read more »

Posted on : Thursday , 1st October 2026

The Athi-Mavindini Water Project Will Help 6,500 Inhabitants

After Governor Mutula Kilonzo Jr. commissioned the Athi-Mavindini Water Project in Kathozweni Sub-county, more than 6,500 residents of Mavindini Ward would have better access to dependable and safe water. Mutula revealed that the water would be connected to two markets and three educational institutions during the project's commissioning. The project also includes more than 11 kilometers of rising main, 7.5 kilometers of distribution.... Read more »

Posted on : Thursday , 1st October 2026

Kenya Unveils Sh161.8 Billion Push for Sustainable Wood Growth

Kenya is accelerating the development of its sustainable wood industry with a Sh161.8 billion (US$1.25 billion) financing package from the World Bank. The investment is expected to strengthen forestry programmes, support climate-resilient development and promote the responsible management of Kenya’s forest resources. The funding is set to provide fresh momentum to forest restoration, tree planting and sustainable forestry initiatives.... Read more »

Posted on : Thursday , 1st October 2026

Tanzania Plans to Add 122 Megawatts to Its Solar Energy Plants

The government of Tanzania is aiming for an extra 122 megawatts (MW) from ongoing and planned solar projects, increasing the country's use of solar energy in the production of power. Salome Makamba, the deputy minister of energy, made the announcement earlier today in the Dodoma parliament, pointing out that the action is a part of initiatives to increase generation capacity, bolster a dependable and sustainable electricity supply, and lessen.... Read more »

Posted on : Thursday , 1st October 2026

Msalato Airport Enters Final Leg Ahead of December

Construction of the Msalato International Airport in Dodoma, Tanzania, is progressing strongly, with the major infrastructure package now 89.02 per cent complete and the buildings package reaching 78.37 per cent. The project represents a significant investment in Tanzania’s aviation infrastructure and is set to introduce modern airport facilities to the capital city. Infrastructure development has achieved impressive milestones, with the.... Read more »

Posted on : Wednesday , 30th September 2026

Dangote Expands Power Ambitions with 1,000MW Kenya Plant, Higher Lagos Capacity

Dangote Industries has announced its intention to construct a 1,000-megawatt power generation facility at its forthcoming refinery location in Lamu, Kenya, with approximately fifty percent of the generated electricity designated for sale to the national government. Aliko Dangote, Chief Executive of Dangote Industries, revealed this strategic initiative during an official visit by Kenyan President William Ruto to the Dangote Petroleum.... Read more »

Posted on : Tuesday , 29th September 2026

Tanzania Advances Road Infrastructure with 558 New Street Lights

The Government of Tanzania is set to install 558 street lights along the 76-kilometre Ntyuka–Mvumi–Kikombo road in Chamwino District, Dodoma Region, as part of the ongoing road development project. The initiative highlights the growing role of public lighting infrastructure in Tanzania’s broader transport and urban development plans. The road is being upgraded to tarmac standards, with the planned lighting system expected to.... Read more »

Posted on : Tuesday , 1st September 2026

Tanzania's attempts to improve investment, business environment hit sky-high success

Tanzania's business, industrial, and investment environment is starting to improve as a result of initiatives carried out by the Ministry of Industry and Trade and its affiliated agencies. During a meeting in Dodoma to evaluate the execution of initiatives by the Ministry of Industry and Trade through its institutions, Deodatus Mwanyika, the Chairperson of the Parliamentary Standing Committee on Industry, Trade, Agriculture, and Livestock,.... Read more »

Posted on : Tuesday , 1st September 2026

Second Phase of Sh204.4 Billion Solar Project Set for Completion in 17 Months

In front of Minister for Energy Deogratius Ndejembi, Lazaro Twange, Managing Director of Tanzania Electric Supply Company (Tanesco), and François Jiria, representing contractors Sagemcom Energy & Telecom SAS and STEG International Services, sign the agreement. HELLEN MDINDA Kishapu's photo. As part of the second phase of a solar power project being carried out in the area, residents of Ngunga village in Kishapu District will benefit from.... Read more »

Posted on : Tuesday , 1st September 2026