Market News Page No. 16| Africa Business News

Over The Period 2018-2022, Electricity Production Increased From 2351MW to 3312MW

According to Davis Chirchir, cabinet secretary for energy and petroleum, the amount of electricity produced went from 2,351 MW to 3,312 MW. At the same time, the number of customers connected to the electricity increased from 6.78 million to 9.21 million, meaning that both on- and off-grid connectivity rates increased by 75%. According to the CS, 415,032 barrels of crude oil were produced, transported by truck, and delivered to the.... Read more »

Posted on : Thursday , 23rd May 2024

Kenya Is Recognized As A Leader In Africa's Digital Transformation By Commerce Secretary Raimondo

President's Advisory Council on Doing Business in Africa (PAC-DBIA) members were recently led by U.S. Secretary of Commerce Gina Raimondo to Nairobi, where she announced a number of business agreements with American companies as well as a historic partnership with Kenya to support digital upskilling, enable data flows and utilise artificial intelligence. The agreement, which is the first of its type with an African country, expands on the United.... Read more »

Posted on : Friday , 17th May 2024

The LAAF Project to Provide 200 Solar Power Kits to Three Schools On Lamu Island

200 solar power kits from the Lighting an African Family (LAAF) project will be presented to three schools in Lamu County. Donations of solar panels, batteries and lights will support education without the constraints of erratic electrical supplies. The solar power kits were given to the Manda Manewi Secondary School and the Manda Airport Primary and Secondary Schools on Lamu Island as part of a project started by Bluetti, a.... Read more »

Posted on : Friday , 17th May 2024

Tanzania approves industry-wide occupational norms for expansion.

In order to validate occupational standards in crucial sectors for the expansion of the industrial economy, more than 100 experts and delegates from Tanzanian government institutions, technical and vocational education and training (TVET) institutions, and industry representatives started a two-day meeting in the Morogoro Region, eastern Tanzania, on Thursday. The National Council for Technical and Vocational Education and Training.... Read more »

Posted on : Monday , 13th May 2024

Strategic Investment From Private Equity Fund Ascent Secured By Dune Packaging.

East African packaging solutions company Dune Packaging Ltd. has announced a collaboration with Ascent Rift Valley Fund II ("Ascent"), the region's SME-focused private equity fund. Ascent wants to help Dune Packaging innovate, grow into new markets and strengthen its environmental, social and governance (ESG) credentials as part of the deal. CEO of Dune Packaging Rohin Chandaria said he was excited about the relationship: "We are happy.... Read more »

Posted on : Wednesday , 8th May 2024

To Increase The Availability Of Clean Cookstoves In Africa, BURN Manufacturing Has Raised $12 Million.

Kenya-based BURN Manufacturing, a well-known manufacturer of clean cookstoves, has received more than $12 million in capital, primarily to expand the reach of its clean cooking products across the African continent. This grant is the outcome of Key Carbon Ltd.'s successful follow-on carbon project investment programme. Key Carbon Ltd., formerly known as CNR "Carbon Neutral Royalty," is now spearheading the effort to fund BURN's.... Read more »

Posted on : Wednesday , 8th May 2024

Dodoma Welcomes A New Participant In The Wine Industry

The country's Centre for grape producing, the Dodoma regions, has seen a growth in the number of wine processing firms opening up shop. This trend has given grape producers hope. Due to an absence of a guaranteed market for their produce, most grapes in the vines rotted in recent years, which worsened financial losses for the grape growers. In order to do this, the government has been working to provide favorable conditions and.... Read more »

Posted on : Wednesday , 8th May 2024

Dar es Salaam's Cutting-edge Cancer Centre Aims to Accommodate 100 Patients Daily

Longer lifespans are associated with higher cancer incidence. East Africa is seeing rising cancer rates due to a number of factors, including a move away from traditional, protective diets and pollutants in the food, water, and air.Over the past four years, the Tanzania Comprehensive Cancer Project (TCCP) has attempted to make improvements in this regard. Through a collaboration between the Institut Curie, the Government of Tanzania, the Bugando.... Read more »

Posted on : Tuesday , 7th May 2024

Record breaking figures at Kenya's biggest construction trade exhibition

The 25th BUILDEXPO KENYA 2024 is back in Nairobi from the 05th to 07th June 2024 at the Kenyatta International Convention Center (KICC). This year the event is bigger than ever with exhibitors from 43 countries. The annual international trade event will be inaugurated by Mr. Juma Mukhwana, the Principal Secretary, for the State Department of Industry, Ministry of Investments, Trade, and Industry, Govt. of Kenya on the 05th of June at 11 AM. The.... Read more »

Posted on : Friday , 3rd May 2024

$2 Billion Massive New Nairobi Airport to be Constructed in Kenya

The President of the Republic of Kenya, His Excellency Dr. William Samoei Ruto, is set to tap financial support from the United States of America during his visit that he is poised to make to the capital of US Washington DC in the coming month for the upcoming New Nairobi Airport project is set to help the capital of Kenya, Nairobi, attract more international passengers to places like the US, the United Kingdom (UK), and also the Middle East..... Read more »

Posted on : Friday , 3rd May 2024

Avira Resources Limited Announces Initial Exploration on Copper and Gold in Kenya

Avira Resources (ASX:AVW) has signed an agreement with Goitom Mining to acquire up to an 80% stake in the Meru Copper-Gold Project in central Kenya. Avira describes the geology as a sequence of gneisses, schists, quartzites, and crystalline limestones. A single grab sample from recent on-site fieldwork included 10.32% copper, 4.68 grammes per tonne gold, and 2,090 parts per million nickel. According to the terms of the earn-in agreement, Avira.... Read more »

Posted on : Wednesday , 1st May 2024

East African Economy Set to Grow by 5.1% in 2020, Led by Kenya, Rwanda, and Tanzania

A recent report by audit, tax, and consulting firm RSM (Eastern Africa) Consulting Ltd, titled "The East African Economic Outlook 2024," unveiled at the EAC CEO Roundtable in Nairobi, forecasts the region to maintain its lead in Africa's growth, with a projected expansion of 5.7 percent in 2025. Kenya is expected to sustain robust real GDP growth at 5.2 percent, with inflation easing to around 6.5 percent in 2024, closer to the central bank's.... Read more »

Posted on : Wednesday , 1st May 2024