Market News Page No. 119| Africa Business News

Food & Agriculture In East Africa Expected To Rise by $1 Trillion By 2030

The AfDB president made a couple of quick highlights to deliberate. The food and agriculture in East Africa expected to rise by $1 trillion by 2030. Africa's population is now at 1.2 billion, which is likely to double by 2.5 billion by 2050. The continent has 60% of global arable land but has unfortunately become one of the most prospective food importers targeted by jurisdictions that produce food extensively. The.... Read more »

Posted on : Monday , 24th February 2020

The Highest Monthly Production Record Of Tea Farmers In Kenya

Smallholder tea farmers under the Kenya Tea Development Agency delivered 150.5 million kilos of green leaf in January 2020. The performance, which is the highest ever amount recorded by KTDA-managed factories in a single month, was driven by heavy rains that spilled over from 2019. In the Month of December 2019 amount was 21.8 %, which was higher than what the farmers produced in January 2019. In January amount is 15 percent above the.... Read more »

Posted on : Monday , 24th February 2020

Tanzania Soon To Become A Medical Tourism Destination

President John Magufuli admires gift presented to him by the Medical Association of Tanzania (MAT) during his meeting with doctors and other medical practitioners in Dar es Salaam. He said that the government is investing heavily in modern health equipment and services to save foreign exchange earnings and promote medical tourism. He added that since the government launched kidney transplants at Muhumbili National Hospital as well as.... Read more »

Posted on : Monday , 24th February 2020

State Floats Sh12m Tender over Mass Market Gas Plan

The State has introduced the search for suppliers of the six-kilogramme cooking gas cylinders and their accessories.The Petroleum and Mining Ministry said, suppliers of empty cylinders and fittings under the Sh12.2 million tender may be local or international firms which clinch the tender that closes on March 4.In the earlier phase of the gas project, the State seeks to acquire 100,000 new empty 6kg-Liquefied Petroleum Gas (LPG) domestic.... Read more »

Posted on : Monday , 24th February 2020

ISUZU MOTORS SA TO EXPORT PICK-UP KITS TO AFFILIATE FACILITY IN KENYA

Isuzu Motors South Africa in Port Elizabeth, a subsidiary of Isuzu Motors Limited, which, in turn, is a majority shareholder of Isuzu East Africa, has announced that they have started to export Isuzu D-MAX pick-up kits in knocked down (KD) format to an associate manufacturing facility in Kenya.This is the first in a sequence of initiatives that will pursue to drive Isuzu strategy to boost regional trade exchange and develop its total volumes in.... Read more »

Posted on : Monday , 17th February 2020

Kenya Power signed 20-year Power Purchase Agreement (PPA) with Lamu Farm

Kenya Power has signed a 20-year Power Purchase Agreement (PPA) with a Lamu-based wind power company. The wind farm is owned by Baharini Wind Power Company which is backed by Belgium’s Elicio Company and Kenya’s Kenwind Holdings Limited.The initial plan includes setting up 38 wind turbines which will produce 90 megawatt (MW). The wind farm is planned on a 3,206-acre land at Baharini Village, about 40 kilometres from the new Kililana.... Read more »

Posted on : Monday , 17th February 2020

Heavy Commercial Power Consumers in Kenya Relieved Due to lesser End-Month Billing

Heavy commercial power consumers in Kenya will have a sigh of relief as their end-month billing is set to be lesse due to manufactures and heavy power consumers will start getting charged less in the power bills after the Energy and Petroleum Regulatory Authority (EPRA) introduced a new class of tariffs.As per the new tariffs, which was gazetted by the regulator earlier, commercial and industrial consumers metered by Kenya Power at 220,000 volts.... Read more »

Posted on : Monday , 17th February 2020

Global Recognition for the Rwandan Sustainable Mobility Providers

The Rwanda Utilities Regulatory Authority (RURA) and Ampersand have been listed among Africa's most promising climate and clean energy inventors lined up for the 2020 Ashden Awards.The Ashden Awards recognize the most exciting climate action solutions being implemented around the world.This year, a total of 44 nominees have been declared, comprising of cities and organisations that are working on the climate crisis with practical actions.Ashden.... Read more »

Posted on : Thursday , 13th February 2020

Kenya to construct four waterfronts in the Coast, Western and Rift Valley regions to boost tourism

The government of Kenya is planning to construct four waterfronts in Western and Rift Valley regions, and along various water bodies in the coast said by Tourism CS Najib Balala. The big move comes intending to increase tourism in particular regions along with the country as a whole. Balala said that the government of Kenya has set aside funds for the planned projects after the completion of Mama Ngina waterfront in Mombasa County. Mombassa.... Read more »

Posted on : Friday , 7th February 2020

USD 751 million East African Coastal Corridor development project beginning its construction process soon

The process of constructing 460 km Coastline Transnational Highway in Kenya has officially begun by the National Highway Authority (KeNHA) of Kenya. The authority has rolled the tender for a part of the project that includes 13.5 km Mombasa - Mtwapa road, and the 40.4 km Mtwapa - Kwa Kadzengo - Kilifi road in an advertisement. The Mombasa - Mtwapa section includes the construction of four-lane dual carriageway, stormwater drains, service.... Read more »

Posted on : Friday , 7th February 2020

Kenya to Export 400,000 Barrels/Year Crude till Turkana Project Kick Off

Kenya plans to export two crude cargoes a year under the early oil pilot scheme up to late-2023, when first oil from the major Turkana oil development is projected to come online, Petroleum Principal Secretary Andrew Kamau told S&P Global Plats in a telephone interview earlier last month."We aim to export some 400,000 barrels of crude annually beginning with the financial year 2020-21, 2021-22 and 2022-23," he said. "We want a rigorous.... Read more »

Posted on : Wednesday , 5th February 2020

Addis Ababa Glass & Bottle Share Company Aiming To Triple Its Container Glass Manufacturing Capacity

Addis Ababa Glass and Bottle Share Company, an Ethiopian glass container manufacturing company aim to increase capacity from its current 80 tons per day to 240 tons per day by 2022. Addis Glass is a container glass packaging producer which uses electric melting technology. It has gained from Ethiopia’s competitive electricity prices. As part of its attentive process, the private equity player approached the UK based glass.... Read more »

Posted on : Tuesday , 4th February 2020