Market News Page No. 6| Africa Business News

The Rise of Chinese-Inspired Bamboo Tableware in Kenyan Households

Bamboo wood is gaining popularity in Kenya as a sustainable and versatile alternative to traditional materials. Inspired by Chinese innovations and supported by the International Bamboo and Rattan Organization (INBAR), bamboo is transforming industries, homes, and livelihoods. Edmond Machoki, a biotechnology graduate, highlights bamboo’s numerous advantages. Unlike other materials, bamboo matures quickly and is harvested sustainably..... Read more »

Posted on : Monday , 6th January 2025

Karimjee Group Introduces Station to Transform Automobile Repair Sector

Karimjee Group, a well-known corporate conglomerate in East Africa, has opened a new service station called auto Inc. that is expected to completely transform Tanzania's vehicle repair market. Auto Inc. is strategically positioned to provide a contemporary, all-encompassing approach to automotive maintenance, with the goal of making high-end services easily available to everyone. Serving all vehicle needs under one roof, the station is.... Read more »

Posted on : Monday , 6th January 2025

Promoting Environmentally Friendly Mining Techniques in Kenya

With a new collaboration with the Mining Engineers Society of Kenya (MESK), Marula Mining has made significant progress in developing Kenya's mining sector.A Memorandum of Understanding (MOU), which was signed by the two organisations, lays out a common goal for developing professional development, integrating communities, and encouraging sustainable practices in the industry. Technical evaluations, important projects centred on critical.... Read more »

Posted on : Monday , 6th January 2025

Kiambu County Implements Solar Technology for Street Lighting, Moving Away from Conventional Power Sources

Kiambu County has taken a bold step by transitioning from national grid-powered streetlights to solar-powered alternatives. This shift aims to curb soaring electricity bills, which exceed one billion shillings annually. Governor Kimani Wamatangi launched the initiative, dubbed "Angaza Kiambu," in Thika on December 18. Over 500 solar streetlights have already been installed in Thika Township, Hospital, Kamenu, Ngoliba, and Gatuayaga wards. The.... Read more »

Posted on : Monday , 6th January 2025

Hydroelectric Dams in Ethiopia at Full Capacity Following Rainy Season, EEP

Ethiopian Electric Power (EEP) declared that following the previous rainy season, its dams were completely refilled, guaranteeing enough water for power generation to meet this year's ambitious goals. The dams have accumulated enough water to enable full-capacity energy generation, according to Tiruwork Shiferaw, Planning Bureau and Power Plant Operation Sector Manager for EEP. In order to maximize productivity and guarantee sustainability,.... Read more »

Posted on : Friday , 3rd January 2025

18 MW solar tender is being held in southern end of the archipelago off the coast of Tanzania

The setting up of an 18 MW solar project on the southern end of the islands off the shores of Tanzania is up for bid by Zanzibar's state-owned utility. Applications are due on January 31, 2025. A tender has been issued by Zanzibar Electricity Corp. (ZECO) to design, supply, and build a solar plant with a minimum capacity of 18 megawatts. Makunduchi, one of the southernmost cities on the Zanzibar islands a Tanzanian autonomous region.... Read more »

Posted on : Friday , 3rd January 2025

Ethiopia: Oromia Hosts Oda Solar Power Project Launch

The 370-kilowatt Oda Solar Power Project, which cost Birr 195 million to build, was formally opened in Medewelabu Woreda, East Borena Zone, Oromia Regional State. Dr. Sultan Wali, the State Minister of Water and Energy, underlined during the inauguration that the project will supply power to almost 15,000 people living in rural areas. According to him, this development is anticipated to boost economic activity in both urban and rural areas.... Read more »

Posted on : Thursday , 2nd January 2025

Tanzania's Mwanza Receives 20.9 Billion for 56 Ongoing, New Water Projects

The Rural Water Supply and Sanitation Agency (RUWASA) has allotted a total of 20.9 billion to the Mwanza Region for the development of 56 new and ongoing rural water projects. RUWASA Regional Manager Engineer Godfrey Sanga made this announcement in Mwanza on Friday, emphasizing the government's initiatives to alleviate rural water shortages. In order to pay off contractor debts associated with rural water projects, the region received.... Read more »

Posted on : Thursday , 2nd January 2025

Kenyan Cabinet Approves Ksh43.4 Billion for Clean BRT System Project

The Kenyan Cabinet has approved a Ksh43.4 billion project called the Clean Bus Rapid Transit (BRT) System, which will transform public transportation in Nairobi County. Following a €320 million (Sh43.4 billion) financial package, the government will connect Ngong Town and Tala to enhance public transport reliability. The project will include the comprehensive design and building of the bus corridor, as well as the construction of a bus.... Read more »

Posted on : Thursday , 2nd January 2025

The Ethiopian Government Begins Power Supply Trials Between Kenya and Tanzania

Ethiopia started the East Africa Electric Highway Project, which involves testing power supplies between Kenya and Tanzania. This milestone comes after the Ethiopia-Kenya power transmission line was completed, which was made possible by a sophisticated power supply network. Region-wide energy cooperation has advanced with the start of trial operations for the next phase, which connects Kenya and Tanzania. Expected benefits of the project.... Read more »

Posted on : Thursday , 2nd January 2025

Expanding Manufacturing in Kenya

Kenya has a masterful industrial policy that is comparable to the greatest of them. The program aims to promote labor-intensive light industries where the nation has a competitive advantage, import substitution, export-led growth, including export processing zones (EPZs), and more.It aims to increase manufacturing's share of the GDP to 15% and establish "Made in Kenya" as a worldwide brand. But in order to revive manufacturing, Kenya needs to.... Read more »

Posted on : Monday , 9th December 2024

The Rise of New Forests in Africa: Implications for the Timber Industry

New Forests, a global investment manager of nature-based real assets and natural capital strategies, has appointed Kenya-based Yida Kemoli as managing director of Africa operations to further tap into the country's vast resources, including forests and timber.Mr Kemoli will be responsible for driving the strategy for the company's African business, fundraising for African forestry strategies, delivering investment returns and impact outcomes for.... Read more »

Posted on : Thursday , 5th December 2024