Market News Page No. 1| Africa Business News

AFPG Forms Alliance to Support Expansion of Geothermal Energy in East Africa

The French Association of Geothermal Professionals (Association Francaise des Professionnels de la Geothermie / AFPG) has officially announced the initiation of the FEXTE Kenya–Tanzania–Uganda–France (FEXTE KTUF) Partnership for Geothermal Development. This initiative seeks to encourage sustainable and climate-resilient economic growth by establishing a collaboration among geothermal stakeholders in Kenya, their counterparts in Tanzania.... Read more »

Posted on : Friday , 31st October 2025

African Finance Corporation receives a USD 100 million loan from FinDev Canada to advance sustainable infrastructure in Sub-Saharan Africa

Africa Finance Corporation (AFC), one of Africa's top suppliers of infrastructure solutions, has received a USD 100 million loan from FinDev Canada, the bilateral Development Finance Institution of the Canadian government. The funding will help Sub-Saharan Africa construct sustainable infrastructure projects, with an emphasis on low-carbon transportation and renewable energy. Through the facility, AFC will be able to establish a pipeline of.... Read more »

Posted on : Thursday , 30th October 2025

Nyakanazi Power Substation to Undergo Major Expansion in Tanzania

The government, in collaboration with the Ministry of Energy, has disclosed plans to expand the Nyakanazi Power Substation situated in the Biharamulo District of the Kagera Region. This effort is intended to strengthen its linkage with the national grid and to improve the availability of reliable electricity services. The initiative aims to improve the connectivity of Tanzania's power grid, establishing a unified, cohesive network that will.... Read more »

Posted on : Tuesday , 28th October 2025

Eldoret City's Ambitious Sh3 Billion Solar Street Lighting Program

Eldoret City is about to undergo a significant change as Uasin Gishu County initiates a Sh3 billion solar street lighting project to improve the city's safety and energy efficiency. The project, which is a component of a long-term infrastructure plan, is anticipated to improve urban security, slash energy costs, lessen the city's carbon impact, and increase investor confidence. More than 20,000 adaptive LED streetlights with CCTV surveillance.... Read more »

Posted on : Monday , 27th October 2025

Tanzania to Increase Investment in the Production of Health Care Products

In order to increase domestic industry capacity, meet national demand and produce foreign exchange through exports, the Medical Stores Department (MSD) has advocated for increased investment in Tanzania's indigenous health product manufacturing sector. Speaking at the Medical Association of Tanzania's (MAT) 60th anniversary and National Health Symposium today in Dar es Salaam, MSD Director General Mavere Tukai stated that over 80% of.... Read more »

Posted on : Friday , 10th October 2025

To Enhance Health Delivery in Kenya and Somalia, Takeda Grants $6.3 Million to International Medical Corps

Takeda Pharmaceutical Company Limited has granted International Medical Corps ¥906 million (approximately $6.3 million) over four years to implement its Pharmaceutical Information Management System (PIMS) throughout healthcare facilities in Kenya and Somalia as part of its Global Corporate Social Responsibility (CSR) program. This will enhance healthcare services for millions of people in those countries. Every year, Takeda's Global CSR.... Read more »

Posted on : Friday , 10th October 2025

PSL Machinery and the Tanzanian Cashewnut Board Execute a PPP Deal.

Via the Cashewnut Board of Tanzania (CBT), Vietnam's PSL Machinery and the Tanzanian government have formally inked a Public-Private Partnership (PPP) agreement.PSL Machinery will supply sophisticated processing lines, transfer state-of-the-art technology, and offer thorough workforce training as part of this deal, laying the groundwork for Tanzania's high-potential industry to undergo a full-scale modernization.This arrangement, according to.... Read more »

Posted on : Friday , 10th October 2025

Tanzania Estimates a $11.7 Billion Income Boost Through Mineral Value Addition

David Tarimo, chairman of Tanzania's CEO Roundtable (CEOrt), speaks during a discussion at the Hyatt Regency Kilimanjaro Hotel in Dar es Salaam about the presentation of a report outlining recommendations on how Tanzania can increase its national revenue (GDP) by leveraging value chains of mineral-based products. The nation intends to accomplish this by making investments in value-added goods such as jewellery, cement, ceramics,.... Read more »

Posted on : Tuesday , 7th October 2025

Isuzu East Africa plans to assemble all its models in Kenya

In an effort to strengthen its hold on the regional market it has controlled for fifty years, Isuzu East Africa plans to start building all of its models in Kenya by the end of this year. Rita Kavashe, the managing director of the company, stated that the mu-X, a premium sports utility vehicle, will be put together in Kenya in accordance with the African Continental Free Trade Area (AfCFTA) goals. At a ceremony commemorating the Golden.... Read more »

Posted on : Friday , 3rd October 2025

Uasin Gishu Announces Eldoret Sh3 Billion Solar Street Lighting Project in Kenya

To make Eldoret City safer, smarter, and more energy-efficient, Uasin Gishu County plans to implement a Sh3 billion solar-powered street lighting project as part of a public-private cooperation. Two years will be spent on building, followed by thirteen years of operation, upkeep, and eventual county handover as part of the fifteen-year project. To get the opinions of the residents, local involvement forums have been successfully organized in.... Read more »

Posted on : Friday , 3rd October 2025

Kenya`s Kisumu Will See a Significant Expansion of Its Water Network

With the opening of an enhanced water supply and storage system, more than 25,000 homes in Kisumu City and the surrounding areas will have access to clean piped water as part of the Lake Victoria Water and Sanitation (LVWATSAN) program.The Lake Victoria South Water Works Development Agency (LVSWWDA) is carrying on the Phase II Lot 1 project, which will add 25 kilometers to the city's water network in Maseno Township and extend it by 156.... Read more »

Posted on : Thursday , 2nd October 2025

Over 2,500 Hectares Reclaimed in Kenya’s Kaptagat Forest Conservation Programme

More than 2,500 hectares of Kaptagat Forest have been successfully reclaimed under the Kaptagat Integrated Conservation Programme, spearheaded by Treasury Principal Secretary Dr. Chris Kiptoo. Now in its ninth edition, the initiative has brought together government agencies, local communities, and partner organizations to restore a critical water tower that had suffered years of degradation. Over 2 million indigenous tree seedlings have been.... Read more »

Posted on : Thursday , 2nd October 2025