Market News Page No. 19| Africa Business News | Afrotrade

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Bolstering Kenya's Green Energy Push, KenGen Will Install 42MW of Solar Energy

Kenya Electricity Generating Company (KenGen) intends to expand Kenya's use of renewable energy by installing 42.5 MW of solar power in the Seven Forks region. Installing a 42.5MW solar power plant near the location of the Seven Forks dams, where KenGen produces the majority of its hydroelectricity, is the aim of the project, which is anticipated to take twenty-eight (28) months to complete. By supplying hydroelectricity during the day and.... Read more »

Posted on : Monday , 22nd July 2024

Solar Energy Expansion in East Africa Secured By d.light at $176 Million

Leading global provider of financing and goods to low-income consumers, d.light, announces the conclusion of a $176 million securitization facility. African Frontier Capital (AFC) will supply the funding, which will be used to buy receivables in Tanzania, Kenya, and Uganda. With the utilization of this facility, d.light will be able to expand its PayGo consumer credit service and make solar-powered items more accessible to low-income.... Read more »

Posted on : Monday , 22nd July 2024

New Forests Reports Increasing Investment Opportunities in Africa's Timber Sector

In order to meet the increasing demand, the investment manager emphasizes the necessity of capital investment in the establishment of sustainable forest plantations and wood processing enterprises.According to New Forests, a global investment company that specializes in nature-based assets, investors in sustainable forestry are seeing new opportunities to diversify their portfolios as a result of the rising demand for timber products in.... Read more »

Posted on : Friday , 12th July 2024

Chinese EV maker BYD deal emboldens Rwanda’s Ampersand to expand into East Africa

Tanzania and Uganda are two of Ampersand's planned expansion markets. Ampersand is an electric motorcycle manufacturer and supplier. Weeks after the Rwanda-based company and China's BYD secured an agreement for the production of 40,000 e-motorcycles in Rwanda and Kenya, the ambitious ambitions have been announced. Since its founding in 2016, Ampersand has built and installed e-motorbikes in Rwanda and Kenya in addition to running its own.... Read more »

Posted on : Wednesday , 10th July 2024

In Sub-Saharan Africa, Multitrade 3D Systems becomes an authorized reseller for MX3D.

With great pleasure, Multitrade 3D Systems announces its relationship with MX3D, a prominent provider of Robotic WAAM (Wire Arc Additive Manufacturing) technology. This partnership designates Multitrade 3D Systems as MX3D's official sales partner in the Sub-Saharan Africa market. Through this partnership, Multitrade's metal additive manufacturing offering is strengthened, and MX3D gains a strong local market presence.A comprehensive solution for.... Read more »

Posted on : Friday , 5th July 2024

Kenya Is The Epicenter Of Beauty In East Africa

Kenya has been an important player in the East African area and a developing hub for the global beauty industry in recent years. Kenya's beauty and personal care market is expected to increase at an annual rate of 6.78% with a current valuation of $2.3 billion, according to Statista. Kenya is beginning to emerge as a beauty hotspot in the region, with major competitors like Ethiopia, which is predicted to generate up to $5.12 billion in revenue.... Read more »

Posted on : Friday , 5th July 2024

Platinum Packaging, Experts in Flexible Packaging in Kenya Invest in BOBST oneECG Technology

Recently, two new Master M6 inline flexo presses with oneECG and DigiFlexo automation were added by the Nairobi-based converter. Platinum Packaging has incorporated two automated Bobst Master M6 inline flexo presses with oneECG technology, departing from its prior operational approach. This calculated investment was made by the Kenyan flexible packaging expert to streamline its operations and production floor. The Nairobi-based.... Read more »

Posted on : Friday , 5th July 2024

The Blossoming Wine Import Industry in Tanzania: A Toast to Economic Growth and Cultural Enrichment

Tanzania, a country renowned for its majestic wildlife and stunning landscapes, is now making a name for itself in the wine import industry. The recent surge in wine imports is not just a testament to the changing tastes of Tanzanians but also highlights the positive economic and cultural impacts on the nation. Tanzania's wine import market has expanded significantly; in 2022–2023, imports were $16.1 million. The economy of the country is.... Read more »

Posted on : Friday , 5th July 2024

An Agreement Is Signed By Tanga City Council And Taha To Promote The Economic Growth Of The Spice Sector

Tanga, a memorandum of understanding (MoU) was signed by the Tanga City Council and the Tanzania Horticultural Association (Taha) to commercialize the spice sector in Tanga. Taha CEO Ms. Jackie Mkindi and Executive Director of the Tanga City Council Dr. Frederick Sagamiko presented bold ideas to fortify this relationship during the signing event on July 2 in Arusha. Offering substantial assistance to farmers and other parties involved.... Read more »

Posted on : Friday , 5th July 2024

The Delivery Of A New Refrigerator Truck To Tanzania Increases Construction And Maintenance Capabilities

A brand-new refrigerated vehicle has been delivered to Tanzania, offering increased capacities and efficiency for enterprises operating in this part of the country. The arrival of this cutting-edge vehicle is a critical step towards enhancing the nation's infrastructure and economic prosperity. The refrigerated vehicle, which features innovative cooling technology, is a game changer for Tanzanian construction and maintenance enterprises. It.... Read more »

Posted on : Friday , 5th July 2024

Rwandan Government and ARC Power Announce Historic Partnership

A significant Strategic Power Partnership has been established between the Government of Rwanda and ARC Power, a prominent renewable energy developer in the United Kingdom. By creating grid extensions and distributing grid-tied solar generating units, or ARCs, throughout Rwanda, this historic partnership seeks to greatly improve the country's energy accessibility. As a result of the project, Rwanda's clean energy mix will be greatly increased.... Read more »

Posted on : Thursday , 4th July 2024

Photovoltaic Light Projects To Be Initiated In Tanzania

LXinstruments GmbH are currently initiating a new photovoltaic project in collaboration with the time2help association, whose mission is to boost the future opportunities of children and families in Arusha, Tanzania.The association aims to provide families an opportunity to use solar energy, specifically Lights!When the sun sets, Tanzanians use kerosene lights or candlelight to work, study, read and so on. This is not only expensive, but also.... Read more »

Posted on : Thursday , 4th July 2024

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