Market News Page No. 45| Africa Business News

Confederation of Tanzania Industries Applauds Economic Growth Efforts in Government 's 2023/2024

The Confederation of Tanzania Businesses (CTI) has given its investigation and reaction to key features from the Tanzanian Government's 2023/2024 Financial plan Discourse, praising the public authority's obligation to monetary development and modern turn of events. CTI is a main association addressing the confidential area in Tanzania. It has been a key part in the country's monetary undertakings since its foundation in 1991. CTI's job.... Read more »

Posted on : Wednesday , 5th July 2023

Tanzanian Investments Were USD 327 Million in May 2023

The Tanzania Investment Centre (TIC), has quite recently delivered its Month to month Speculation Factsheet-May 2023 which demonstrates that a sum of 52 venture projects worth USD 327.63 million were supported and enlisted in May 2023. These activities are supposed to create 6,279 new positions. Of the 52 venture projects, 21 were in assembling, 17 in transport, 10 in the travel industry, 3 in agribusiness, 2 in business building,.... Read more »

Posted on : Tuesday , 4th July 2023

Leaders From Baringo, Elgeyo Marakwet, West Pokot, and Turkana Countries Agree to Priotise Key Water Projects.

Leaders From Baringo, Elgeyo Marakwet, West Pokot, and Turkana Countries Have Decided to Prioritise Major Water Projects to Relieve the Region's Water Crisis. The Leaders Met at the Lake Bogoria Spa Resort in Baringo County and Pledged That They Would Work Together on the North Rift Economic Bloc (NOREB) Initiatives. The Chemususu Dam, the Weiwei Irrigation Scheme, Kerio Valley Development Authority (KVDA) Projects, and the Turkwel Dam.... Read more »

Posted on : Tuesday , 4th July 2023

President Ruto Expresses Kenya to Be Among Africa's Top Driving Automobile Producers

President William Ruto has manifested certainty that Kenya will recover its legitimate spot among Africa's top driving vehicle producers like South Africa and Morocco.President Ruto says that the public authority is focused on facilitating more car players in a bid to expand the local creation of vehicles. He said the National Automotive Policy has established a favourable atmosphere for firms to set up in Kenya further taking note of that.... Read more »

Posted on : Tuesday , 4th July 2023

Tanzania Pushes for Internal Combustion Vehicles to Save Cost

In the wealth of natural gas residues in Tanzania, people in general is encouraged to change over their petroleum or diesel-filled vehicles to natural gas to save cost and decrease fossil fuel byproducts, africanews reports. With an underlying venture of 65 million bucks, the Tanzanian government carried out a task focusing to supply 30,000 families with Compressed Natural Gas (CNG) for cooking by 2015 and power 8,000 vehicles in Dar es.... Read more »

Posted on : Tuesday , 4th July 2023

A Cutting-Edge Seed Dressing Equipment Is Given To a Farmers' Cooperative in Kenya to Increase the Country's Rice Output

In a ground-breaking move to increment rice seed creation and size of further developed rice assortments in Kenya, the Mwea Rice Producers Multipurpose Helpful Society (MRGM), the biggest ranchers' helpful in East and Southern Africa (ESA), has gotten a cutting edge seed dressing machine from the Worldwide Rice Exploration Organization (IRRI), denoting a significant achievement in improving rice seed tasks in the country. The.... Read more »

Posted on : Monday , 3rd July 2023

A Food Festival Called Rwanda Transform Opens in Kigali

The Rwanda Food Cooperation and Celebration has exhibited advancements and authority abilities that will be valuable in the improvement of Rwanda's next well defined course of action for Horticulture Change. The Rwanda change food celebration which opened June 23, 2023, in Kigali by the African Food Partnership included enrolment of pioneers to go through companion preparing and remunerating of the best advancements in food esteem chains,.... Read more »

Posted on : Monday , 3rd July 2023

Tanzania's government plans to strengthen the minerals sector

Dr. Mwingulu Nchemba, the minister of finance and planning, presented a 44.39 tri/- budget estimate for recurrent and expenditures. This estimate included a proposal to change the Mining Act, CAP 123, to exclude refinery centres from paying the one percent inspection charge. The goal of the bill, according to him, is to encourage the growth of the nation's small mining industry's transportation of minerals, as well as to draw in more.... Read more »

Posted on : Friday , 30th June 2023

Ethiopia is Projected to Witness an Upswing in Demand for the Timber Industry Over the Next 20 Years.

The Production and Trade of Wood and Wood Products, Which Are Used for an Assortment of Tasks Like Construction, Furniture, Paper, Fuel, and More, is Referred to as the Timber Business. Ethiopia's Timber Business Has Importance Due to Its Economic Impact, the Millions of People It Supports and Promotes, Maintains and Its Support of the Nation's Green Growth and Forest Restoration Initiatives. Over the Next 20 Years, Demand for Wood and Wood.... Read more »

Posted on : Thursday , 29th June 2023

Kenya and South Korea Seal Partnership to Build Five Smart Cities

Korea Trade Centre, Nairobi (KOTRA), the Commercial Section of the Embassy of the Republic of Korea, and the Kenyan Government through the Ministry of ICT and the Digital Economy have signed a memorandum of understanding (MoU) to foster and promote partnerships and investments in the development of smart cities in the country. To get things started, the MoU calls for the two countries to construct 5,000 affordable houses. The houses will be.... Read more »

Posted on : Thursday , 29th June 2023

Kenya: Construction of 35-Megawatt Menengai Geothermal Power Project Starts

The government broke ground on the construction of a 35- MW Menengai Geothermal Power Plant in Nakuru County as it seeks to grow clean energy sources. The project was officially opened by Deputy President Rigathi Gachagua on 9th June. President William Ruto's administration is betting on geothermal power sources to transition the country to a 100% transition to green energy amid climate change. "This will contribute to lowering.... Read more »

Posted on : Thursday , 29th June 2023

Kenya, Tanzania to Establish $309 Million Electricity Transmission Line by Year-End

• Kenya and Tanzania to establish a $309 million electrical transmission line for importing and exporting electricity. • The transmission line will have a transfer capacity of 2,000 megawatts, enabling the two countries to share excess power. • The completion of the Kenya-Tanzania connection will also facilitate the exchange of power between electrical pools in East and Southern Africa, promoting regional energy.... Read more »

Posted on : Monday , 14th August 2023