Market News Page No. 8| Africa Business News

Tanzania and Burundi Ink $2.15bn Railway Deal with Chinese Firms

Tanzania and Burundi have signed a contract with two Chinese companies to construct a railroad to transport metals, notably nickel, to Tanzania's port city of Dar es Salaam. China Railway Engineering Group and China Railway Engineering Design and Consulting Group are going to develop the $2.15 billion project, with financing from the African Development Bank (AfDB). This proposed 282km (175-mile) standard gauge railway (SGR) plans.... Read more »

Posted on : Monday , 10th February 2025

Burkina Faso launches a new EV brand entering the African EV market

Africa's electric vehicle (EV) market is growing more competitive as a number of nations make notable adoption progress. Burkina Faso's homegrown electric car, ITAOUA, just made its debut, enhancing the continent's EV scene even further. The company claims that the ITAOUA EV has remarkable qualities, including a 330-kilometer range on a single charge that can be completed in 30 minutes. The ITAOUA is positioned as a formidable.... Read more »

Posted on : Thursday , 6th February 2025

Tanzanian Government Plan's to Revamp the Nation's Mining Industry

The Ministry of Minerals has started a bold campaign to establish the nation as the top mining destination in Africa. Her Excellency President Dr. Samia Suluhu Hassan launched this program in recognition of Tanzania's status as one of Africa's most resource-rich countries, with a wealth of industrial, rare earth, precious metal, energy, and essential minerals. Tanzania's mining government has a bold plan to promote investment, economic.... Read more »

Posted on : Thursday , 6th February 2025

Sunna Achieves Major Milestone with 30,000 Solar Streetlight Installations in Togo

As part of a public-private partnership (PPP), French company Sunna Design has installed 30,000 solar streetlights in rural Togo, mainly in the Savanes and Kara regions. This initiative, under the PEP’S rural project, is led by the Togolese Agency for Rural Electrification and Renewable Energies (AT2ER) and aims to equip 4,600 villages with sustainable lighting solutions. Sunna states that these streetlights significantly improve daily.... Read more »

Posted on : Tuesday , 4th February 2025

The Female Force Behind Africa's New Era of Timber Construction

Wood is at the center of a construction revolution in Kenya, challenging traditional reliance on concrete and steel. Four women are leading the shift towards timber, advocating for its viability as a sustainable building material. With Kenya’s forest cover at 8.8% as of 2021, concerns about deforestation persist. However, commercial forestry—distinct from general forest conservation—offers a renewable solution for timber-based.... Read more »

Posted on : Monday , 3rd February 2025

Kishermoruak, Kenya Residents Will Gain from a Sh3.5 Million Water Project

Residents of Narok West Constituency's Kishermoruak neighborhood stand to gain from a Sh 3.5 million water project that will lessen the strain of procuring the valuable resource. Gabriel Tong'oyo, an area member of parliament, stated that he had allocated funds from the National Government Constituency Development Fund (NG-CDF) budget to improve the standard of living for those residing adjacent to the Maasai Mara Game reserve. It is.... Read more »

Posted on : Friday , 31st January 2025

Transformative Ksh. 1 Billion Last Mile Connectivity Energy Project Launched by President Ruto

The goal of President William Ruto's Ksh. 1 billion Last Mile Connectivity Energy Project in Busia County is to increase access to power in underprivileged areas. By improving 148 transformers, this project is expected to alter the region's electricity delivery and benefit almost 20,000 residents. The president committed to supply dependable and reasonably priced electricity, which is anticipated to improve living conditions, boost economic.... Read more »

Posted on : Thursday , 30th January 2025

A £3 Million Investment To Assist Africa's Production Of Perovskite Solar Modules

A £3 million ($3.7 million) funding has been given to a group of entrepreneurs and researchers to investigate the production of perovskite solar modules in South Africa, Kenya, Rwanda, and Nigeria. By encouraging domestic solar manufacturing in low- and middle-income nations, the REACH-PSM (Resilient Renewable Energy Access Through Community-Driven Holistic Development in Perovskite Solar Module Manufacturing) project seeks to advance.... Read more »

Posted on : Thursday , 30th January 2025

Kenyan Market Expansion For Neosun Energy

With system capacities ranging from 200kW to 10MW, the expansion aims to provide commercial and industrial (C&I) projects with affordable and sustainable energy solutions.According to Neosun, the country's energy sector "presents both challenges and opportunities," making its debut into Kenya especially appropriate. Even though green energy accounts for more than 80% of its power needs, severe energy shortages persist in many areas.Neosun.... Read more »

Posted on : Wednesday , 29th January 2025

Nationwide Electric Vehicle Charging Network to be Installed in Ethiopia

The Ethiopian Petroleum and Energy Authority plans to build charging stations for electric vehicles every 50 to 120 kilometers across the country. The goal of this program is to facilitate long-distance travel and encourage the increasing use of EVs. According to Bahru Oljra, Executive Director of Energy Sector Control, a new directive has been approved which outlines licensing, charging tariffs, power supply levels, and security standards.... Read more »

Posted on : Wednesday , 29th January 2025

JSI to Collaborate With the Tanzanian Government To Transform the Pharmaceutical Management System and Public Health Supply Chain In Tanzania

With great pleasure, JSI announces that the U.S. Agency for International Development (USAID) has chosen them to lead the USAID NextGen Ugavi Bora, Afya Bora (Better Supply, Better Health) Activity in Tanzania. Through the 10-year activity, Tanzania's supply chain and pharmaceutical management (SC&PM) systems will be significantly strengthened to guarantee sustainable access to and appropriate use of reasonably priced, safe,.... Read more »

Posted on : Thursday , 9th January 2025

H.E. Hiroshi Matsuura, the Japanese Ambassador to Kenya, Handed Over Mtrh's 1.5 Tesla MRI Machine and Ambulance

H.E. Hiroshi Matsuura, Japanese Ambassador to Kenya, handed over two new projects at Moi Teaching and Referral Hospital (MTRH). The new 1.5 Tesla MRI at MTRH's Memorial Wing will increase healthcare service provision to thousands of patients from Western Kenya's 25 counties and beyond. Ambassador Hiroshi stated in his statement that Japan is pleased to be working with Kenya in various areas of healthcare and added that the new 1.5.... Read more »

Posted on : Thursday , 9th January 2025