Market News Page No. 104| Africa Business News

leading construction works at Kipeto wind power project in Kenya complete

The major construction activities at the Kipeto Wind power project located at Esilanke area on the foothills of Ngong Hills in Kajiado county of Kenya has been completed following the completion of the installation of all the 60 wind power turbine generators by the US multinational General Electric (GE). The Kipeto wind power plant is expected to have a capacity of 100MW and it will also be the second largest of its kind in the East African.... Read more »

Posted on : Thursday , 11th June 2020

Kenya Tops Angola as Sub-Saharan Africa's No. 3 Economy

Kenya surpassed Angola as sub-Saharan Africa's third-largest economy in dollar terms, according to International Monetary Fund estimates. Angola has contracted every year since 2016 as oil output declined, and the kwanza was devalued in 2019 while Kenya's shilling held steady. The coronavirus pandemic and restrictions to limit its spread will probably see Angola's gross domestic product contract 1.4% in 2020, while Kenya's is projected to grow.... Read more »

Posted on : Thursday , 11th June 2020

Trump notifies Congress of trade deal with Kenya

US President Donald Trump has officially notified Congress of its intention to negotiate a trade agreement with Kenya.Trade Representative Robert Lighthizer sent a letter to Speaker Nancy Pelosi, House Minority Leader Kevin McCarthy and Senate Minority Leader Charles Shumer."Under President Trump's leadership, we look forward to negotiating and concluding a comprehensive, high-standard agreement with Kenya that can serve as a model for.... Read more »

Posted on : Friday , 20th March 2020

Govt. Industrialisation Agenda Vowed By Pharmacists In Tanzania

Pharmacists in the country have vowed to support the government industrialisation agenda and improvement of health service initiatives undertaken in the country. Addressing a press conference in Dar Es Salaam, Mr Issa Hango who serves as president of the Pharmaceutical Society of Tanzania (PST) said as pharmacists were scheduled to hold the annual general meeting (AGM) and a scientific conference mid this month they expected to come up with.... Read more »

Posted on : Thursday , 19th March 2020

The Folding Plastic Furniture Market Is Projected To Grow In the Coming Years

The Folding Plastic Furniture Market has noticed a continuous growth in the last few years and is estimated to grow even further during the forecast period of 2020-2026. Acceptance of folding furniture is on a rise in most populous cities of the world. Plastic folding Furniture is the furniture mostly made by plastic. Like for example the plastic folding chairsconsist of a tubular metal frame or plastic fram with a molded.... Read more »

Posted on : Thursday , 19th March 2020

Kenya's Plastics Industry On Course For Sustainable Success

Since the beginning of the year, a new INTAREMA 1108 TVEplus RegrindPro with laser filter has been processing industrial and household waste plastic to produce recyclate at the company's plant in the Kenyan capital, Nairobi.Mr. Green Africa combines social responsibility with technology and cost effectiveness. As of February, the young entrepreneurs have expanded their business model and no longer sell only washed flakes, but now.... Read more »

Posted on : Friday , 13th March 2020

Kenya’s Crude Oil Production to touch 46,000 bpd in 2023

According to Tullow, oil from the Lokichar Basin is set to cost US$25/bbl. to extract and transport. However, the aspect of transportation is yet to be resolved, making their estimates doubtful.An examination by the Oxford Business Group indicates that there is a relatively high wax content in the oil, which could put a dampener on the final production price — likely to trade less than the global benchmark of Brent crude.NGO Oxfam.... Read more »

Posted on : Thursday , 12th March 2020

More than 1.5 Million Tanzanians to Receive Power from Market Leader, Greenlight Planet

Greenlight Planet, the market leader in the fastest growing pay-as-you-go (PAYG) solar industry, has successfully executed clean and reliable energy access to more than 1.5 million people in Tanzania. With a strong partner-led and direct distribution network, Greenlight’s Sun King products are now in more than 300,000 Tanzanian households, have offset more than 300,000 metric tons of greenhouse gas, and enabled more than 70 billion Tanzanian.... Read more »

Posted on : Wednesday , 11th March 2020

Mahindra launches locally assembled Scorpio pick-up vehicle in Kenya

Mahindra & Mahindra (M&M) through a partnership with Simba Corporation, which is a prominent commercial organization in Kenya, dealing in motor vehicle sales and service, recently declared the launch of its locally assembled Scorpio pick-up vehicle in Kenya. M&M mentioned in a statement that the introduction of locally assembled pick-ups that are custom built for the Kenyan terrain, is a solid step forward in this journey. This.... Read more »

Posted on : Tuesday , 10th March 2020

Deere taps tractor-hailing tech in bid to break ground in Africa

It's ride-hailing, farm style. Deere & Co. is pairing up with the "Uber of tractors" in Africa and betting on a prospect where farmers summon machines with the touch of a button.The world's leading farm equipment manufacturer is supplying its tractors with startup Hello Tractor's technology, which permits farmers to hail the machines through an app. It also monitors the vehicles' activities and communicates usage information such as fuel.... Read more »

Posted on : Monday , 9th March 2020

Industries In East Africa To Benefit From Continental Free Trade

The AfCFTA, which is the biggest trading bloc in the world after the WTO, is conceived to bring together Africa's 55 countries into a single market of 1.3 billion people with an annual economic output of over $3.4 trillion. That will drive industrialisation, the UN Economic Commission for Africa (UNECA). Officials must ensure that businesses can move goods freely across borders and customs rules and procedures are consistent. The.... Read more »

Posted on : Monday , 9th March 2020

Kenya and UK strategic partnership to strengthen healthcare sector

President Uhuru Kenyatta is seeking to forge a strategic partnership with the University of Manchester and Christie NHS Foundation aimed at strengthening the healthcare sector in the country. The partnership will see the University of Manchester and Christie NHS Foundation Trust collaborate with Kenyatta University Teaching Research and Referral Hospital (KUTRRH) in the prevention and management of non-communicable diseases with special.... Read more »

Posted on : Friday , 6th March 2020