Market News Page No. 24| Africa Business News

Tanzania has a burgeoning woodworking sector

Tanzania is a budding market for the woodworking industry, there are several companies that operate sawmills in Tanzania, such as Wood Export Co., Energo Tanzania, Green Resources, Pethad Trading Company Limited, Wood Industry Solutions, Hope General Supplies, Gats Solutions Co Limited, Ifundaindustrial, Bora Msaky Sawmill, Rasik Lagoon, and Firgos International BV, operate sawmills in Tanzania, which is a developing market for the woodworking.... Read more »

Posted on : Tuesday , 5th December 2023

At the Africa Green Industrialization Initiative, Kenya Secures $4.48 Billion in Green Manufacturing Transactions

NAIROBI, Kenya has announced the signing of green manufacturing agreements worth USD 4.48 billion during the opening of the Africa Green Industrialisation Initiative (AGII). President William Ruto presided over the event, which included coordination with the COP28 Presidency (UAE) and several other African states. The monies, according to Hussein Mohamed, State House Spokesperson, would be awarded to various green manufacturing.... Read more »

Posted on : Monday , 4th December 2023

Exploring the Benefits of Artisanal and Small-Scale Mining Activities in Kenya

The Ministry of Mining, Blue Economy, and Maritime Affairs is carrying out ground truthing and confirmatory fieldwork on the country's 970 acknowledged mineral deposit occurrences. The goal of the fieldwork is to verify the mineral's presence, purity, and amounts throughout 16 counties. Cabinet Secretary for Maritime Affairs, Blue Economy, and Mining Salim Mvurya stated that in an effort to boost the mining industry and guarantee that it makes.... Read more »

Posted on : Wednesday , 29th November 2023

Health Professionals Pledge to Increase Funding for Africa.

During the two-day pre-Kigali conference, a number of African experts, including representatives from the World Health Organisation, UNAids, NEPAD and the AU Business Council, shared best practises and insights gained from the private sector's involvement in health and health financing.More than three hundred attendees from across the continent are expected for the main conference, which is scheduled for February of next year in Kigali,.... Read more »

Posted on : Wednesday , 29th November 2023

Tanzania Government Set to Ink 15 Road Construction Contracts Totalling Over 1 Trillion

The Tanzania Roads Agency (TANROADS) intends to sign 15 contracts for the construction of asphalt roads and bridges for 1.034 trillion shillings to boost infrastructure services in the country. This statement was made by Innocent Bashungwa, Minister of Construction, during supplementary replies in Parliament in Dodoma during the Fourth Session, 13th Meeting. According to Bashungwa, the projects will be implemented using local funding.... Read more »

Posted on : Wednesday , 29th November 2023

Kenya and Japan seek to transform automotive industry

Kenya and Japan have initiated an Industrial Policy Dialogue with the aim of defining the path of industrial cooperation that will boost their economic ties. This is intended to enhance the mutually advantageous relationship between the two countries, according to Cabinet Secretary for Trade, Investment, and Industry Rebecca Miano, who met with Japan's Minister for Economy, Trade, and Industry, Yasutoshi Nishimura, during bilateral.... Read more »

Posted on : Wednesday , 29th November 2023

According to the Health Agency, Russia Will Assist Ethiopia in Enhancing Its Capacity for Epidemic Preparedness.

The state Russian health agency Rospotrebnadzor announced on social media following the visit of the agency's delegation to the East African state that Russia and Ethiopia have decided to undertake collaborative scientific research, including assistance for the Ethiopian side to develop laboratories and increase the African country's capacity to prepare for epidemics.The nations also talked about potential areas of collaboration in the area of.... Read more »

Posted on : Tuesday , 28th November 2023

Ethiopia Launches Africa Minigrid Programme with Goal of Providing Clean Energy Solution

The Ministry of Water and Energy in collaboration with the Global Environment Facility (GEF) and UNDP Ethiopia has launched the Africa Minigrid Programme (AMP). The AMP to be implemented with financial support secured from GEF is said to create a multifaceted access to clean energy solution for Ethiopia and 20 other African countries. The programme also helps to scale up commercial investments in the renewable energy sector. On.... Read more »

Posted on : Wednesday , 15th November 2023

The Solar Mini-Grid Project on Wasini Island Is Almost Finished, According To Kenya Power

Kenya Power is in the final stages of launching a solar mini-grid project on Wasini Island, located in Mukwiro village within Kwale County in Kenya’s southern region. The mini-grid has a solar plant capacity of 737kWp and includes a 70kVA diesel generator. It features 1,820 solar panels and 247 lead-acid batteries with a total capacity of 2276kWh and is expected to benefit 468 residents. This project, funded by the World Bank in.... Read more »

Posted on : Wednesday , 15th November 2023

Kengen Increases Geothermal Energy To Reduce Reduced Inputs At Major Hydroelectric Dams

Kenya Electricity Generating Company PLC (KenGen) has announced a revamped plan to step up electricity generation from geothermal power plants in a strategic move to cushion Kenyans from the effects of low water inflows at the large hydropower stations. As of 6th Nov 2023, Masinga Dam, which is Kenya’s largest hydropower dam, recorded water levels of 1039.42 m above sea level (ASL) against a total capacity of 1056 mA SL. This was slightly.... Read more »

Posted on : Tuesday , 14th November 2023

Ethiopia Uses Wind Energy to Produce 404 Megawatts of Power

Ethiopian Electric Power (EEP) announced that the country has generated 404 MW of electricity from wind power. EEP Corporate Communications Director Moges Mekonen told EPA that the country has reached the total production of 404 MW electric power from Wind power. He noted that many citizens are getting electricity from the wind power plants that have been built so far. Accordingly, the combined generating capacity of Ashegoda,.... Read more »

Posted on : Tuesday , 14th November 2023

Kenya plans to buyback a 20% interest in Turkana Oil

Kenya intends to repurchase up to 20 percent in the Turkana oil project in what could ultimately conclude whether the public authority supports the task's changed improvement plan and accessibility of assets. On 02 November 2023 Thursday, Energy and Petroleum Regulatory Authority (Epra) chief general Daniel Kiptoo said the public authority is yet to pursue a choice on whether to practice its back-in choice given by the creation sharing.... Read more »

Posted on : Friday , 10th November 2023