Market News Page No. 46| Africa Business News | Afrotrade

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Kenya's Ambitious Hydrogen Deal & Plan to Help Africa Exploit Green Energy

Kenya recently inked a deal with an Australian firm to establish a green hydrogen and ammonia plant, kick-starting the country's plan to utilise green energy across the continent. The industrial-scale production of green hydrogen and ammonia will be vital in making clean, affordable fuel and fertiliser for Africa. Further, it will help Kenya, which is already leading a geothermal revolution across Africa, increase its footprint in the.... Read more »

Posted on : Wednesday , 25th January 2023

KENYA: EDF and SunFunder Provide $2.7m to Solar Power Provider DPA

Good news for Distributed Power Africa (DPA) in Kenya. The Cassava Technologies subsidiary has a US$2.7 million line of credit from Electricité de France (EDF) and Mirova SunFunder, an investment company based in Nairobi, Kenya. With this financing, DPA plans to accelerate the development of its project portfolio. In Kenya and other African countries, the company, led by Norman Moyo, finances, builds and operates solar PV plants for commercial.... Read more »

Posted on : Monday , 12th December 2022

Africa: Solarise Raises $33m to Provide Solar Power to Businesses

Solarise Africa has funds to expand its solar PV portfolio in Africa. The Sandton, South Africa-based Company has raised €33.4 million. The facility was secured in a transaction arranged by the Facility for Energy Inclusion (FEI), a renewable energy financing facility set up by the African Development Bank (AfDB) and managed by Lion’s Head Asset Management. The EIF is providing $21.4 million in financing. Dutch impact investor.... Read more »

Posted on : Monday , 12th December 2022

BEKA Schreder Donates LED lighting to Matolweni Community Creche

BEKA Schreder is proud to have been involved in a heart-warming project where LED luminaires were donated to Matolweni Early Childhood Development Centre in Drayini Village, outside of Idutywa, Eastern Cape.The original Matolweni Early Childhood Development Centre was a mud hut crèche. High crime rates have initiated efforts to upgrade the facility. The community was introduced to the Samarpan Foundation headed by Nicola Irvine. Over the past.... Read more »

Posted on : Friday , 9th December 2022

Diaspora Desk is being established by the East African Community (EAC).

The inflow of funds from the diaspora contributed significantly to the bloc's FDI, which stood at $8.2 billion as of last year, prompting the bloc to develop a Diaspora Engagement Strategy. The move, if implemented, will make it easier for East Africans living in the diaspora to invest and trade in the region, according to EAC Secretary General Peter Mathuki. He was speaking at the East African Chamber of Commerce's 17th Annual Trade and.... Read more »

Posted on : Thursday , 1st December 2022

Tanzania and the DRC interested in expanding their trade relations.

President Samia Suluhu Hassan and her Democratic Republic of the Congo (DRC) counterpart, Félix Tshisekedi, have agreed to collaborate during a number of areas to boost bilateral trade. Consequently, Tanzania and the DRC intend to cooperate in a range of areas, including trade, investment, infrastructure, finance, energy, education, security, and immigration. This decision was reached following discussions between the 2 leaders at the.... Read more »

Posted on : Thursday , 1st December 2022

The Tanzanian government is committed to transforming the region into a centre of excellence.

After the Ministry of Health struck an agreement with Egypt's Alameda Healthcare group to increase access of specialised and super-specialised health services, Tanzania's initiative to promote medical tourism has gained momentum. Similar agreements have already been struck by the government with Kenya, Burundi, Rwanda, Israel, India, and Turkey. The Alameda Healthcare agreement will give the nation access to medical staff training, the.... Read more »

Posted on : Thursday , 1st December 2022

Kenya turns to Bioplastic for its packaging needs.

Due to the COVID-19 pandemic, Kenya has seen a spike in the market for home delivery, many of which are created with plastic packaging materials like oxoplastics and bioplastics.Many agricultural products, as well as packaging, trash bags, and decomposition sacks, use oxyplastics, which are made from petroleum polymers. Because they include special chemicals, they break down easily.Because it is environmentally favourable, biodegradation is.... Read more »

Posted on : Thursday , 1st December 2022

Kisumu and the Netherlands Partner to Promote Trade and Health

The Netherlands' Deputy Ambassador to Kenya, Joris van Bommel, led a group of Dutch healthcare companies to Kisumu County in order to explore potential partnerships aimed at enhancing healthcare infrastructure. 14 Dutch enterprises were on a mission from the governor, Prof. Anyang' Nyong'o, to examine potential trade and health ties between his administration and the Netherlands. Bommel stated that the Netherlands is eager to establish.... Read more »

Posted on : Thursday , 1st December 2022

Tanzania expects annual revenue from graphite mining of USD 8 billion.

Once the proposed graphite mine at Mahenge in Ulanga District, Morogoro Region, begins operations, the government expects earning more than USD 3.6 million (8.4 billion/-) yearly. At a progress meeting with Mahenge mining project stakeholders, including the Minerals ministry, the mining commission, the Treasury Registrar's office, the revenue authority (TRA), TANESCO, the Tanzania-Zambia Railway, TanRoads, and the Tanzania Ports.... Read more »

Posted on : Thursday , 1st December 2022

Ethiopia's coffee and Tea export venture with Pakistan

Ethiopian Ambassador and Plenipotentiary Jemal Beker Abdula stated that his country has surplus tea and coffee that may be exported to Pakistan at reasonable prices. During a meeting with members of a joint delegation from the Pakistan Tea Association and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), he stated as much (PTA). In response, the FPCCI and PTA representatives agreed that Pakistan has a sizable market for.... Read more »

Posted on : Wednesday , 30th November 2022

Kenya one of the nations in Africa to gain from Microsoft's Digital Transformation Program for the agriculture industry.

Microsoft established a cooperation with the International Finance Corporation (IFC) to support digital transformation through its Africa Transformation Office. The goal of this programme is to give farmers access to real-time data-producing digital technologies. IFC will be in charge of overseeing the programme for digital transformation's corporations and financial management. The initiative will also get investment, consulting,.... Read more »

Posted on : Wednesday , 30th November 2022

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