Market News Page No. 8| Africa Business News

UAE's Top Oil Distributor EMARAT to Showcase at the 21st AUTOEXPO AFRICA 2018, Kenya

The oil giant EMARAT will be the sponsor and participant at the 21st AUTOEXPO AFRICA 2018, Kenya held at the Kenyatta International Convention Center (KICC), Nairobi from the 17th to 19th of May, 2018. It has proven to be UAE’s leading petroleum brand for its dedicated service and par excellence lubricants on a global scale. With a strong vision it mind, it has empowered the Middle East by pushing itself to create a successful.... Read more »

Posted on : Saturday , 28th April 2018

NTPC- Indian Giants Set to Debut at the 7th edition of Power and Energy Africa 2018 In Kenya.

NTPC the top power company of India with a commissioned capacity of 53,651 MW plans to become a 130 GW company by 2032. It feeds a fourth of India's electricity needs or as they say "NTPC lights up every fourth bulb in the country". Having operations that match global standards, has led to it being known as one of the most efficient power companies in India. This well renowned company is participating at the 7th edition of Power.... Read more »

Posted on : Friday , 27th April 2018

KURA building footbridges at Sh880 million aimed at public safety

The newly upgraded Outer Ring Road in Eastlands will now boast of 11 footbridges the construction of which is currently underway KURA chief corporate communication officer John Cheboi yesterday said the Chinese firm Sinohydro Tianjin Engineering Limited will construct the footbridges at a total cost of Sh880 million. The company has started putting up the footbridge at Baba Ndogo area and sources said that the process will continue until.... Read more »

Posted on : Thursday , 19th April 2018

Nissan's Latest Auto-Manufacturer to Target Market in Kenya

Nissan Motor Co. Ltd. will soon begin assembly-operations in Kenya. This comes as a major boost the local administration which aims to make the country, East Africa’s hub for auto-manufacturing activities. A goal that remains very realistic due to Kenya’s strategic location in the regions and the dependence of neighboring nations on its economy. The Japanese giants are only the newest name in a long list of international auto-giants.... Read more »

Posted on : Wednesday , 18th April 2018

Volkswagen Set to Begin Assembly Operations in Rwanda this May

German-based automotives giants Volkswagen AG announced that the company will soon begin assembling activities at their newest plant in Rwanda in May. The vehicles assembled at this plant will be put up for sale locally and will also be used for Volkswagen’s very own new ride-sharing service. An estimated amount of $20 million is said to have been spent on this new facility in Rwanda. This facility is only a small piece of the.... Read more »

Posted on : Wednesday , 18th April 2018

Tamarind Group Opens New Hotel in Nairobi

The Tamarind Group has opened a new hotel in Kenya’s capital city Nairobi; it is estimated to be worth approximately Sh1.2 billion in an attempt to capture a growing market in Kenya that has seen stark rise in foreign tourist numbers and business-persons flocking to the nation’s capital. Martin Dunford, the group chairman provided further details about the funding of the project and said that the funds would be in the form of debt.... Read more »

Posted on : Wednesday , 18th April 2018

UAE's Rotana Group Expanding into Tanzania

Renowned UAE based hotel group, Rotana Hotel Management Corporation is preparing to venture into the hospitality markets in Tanzania with a brand new hotel located in Dar-es-Salaam. This project is highly anticipated; it is expected to be a 30 floor construction and will be located in the commercial hub of Tanzania, Dar-es-Salaam. Rotana is a market leader in the Middle East and is now turning its attention to expansion projects outside.... Read more »

Posted on : Wednesday , 18th April 2018

Kenya Slashes Power Tariffs for State-Owned Solar Farm by Half

Energy Regulatory Commission Director-General Pavel Oimeke said “Kenya cut its fixed-price purchase contract for a state-owned 50-megawatt solar plant by half because the project was financed using concessional funds” The East African nation, which has an electricity supply deficit, is boosting production from renewable sources including geothermal and wind as it cuts reliance on expensive diesel-powered.... Read more »

Posted on : Thursday , 12th April 2018

KOPA Solar Secures New Round of Funding

KOPA Solar has secured a new round of funding that will be used to extend their presence across Africa. According to ITWebAfrica, The investment amount, which is undisclosed, includes a first-ever $10 million investment from FinDev Canada. Led by U.K. government-owned investment company CDC, a previous investor in the Kenyan company which has now committed an additional $7 million, the round includes follow-on investments.... Read more »

Posted on : Wednesday , 11th April 2018

India's Trivitron Healthcare Planning for Expansion in East Africa

Trivitron Healthcare, one of India’s most promising medical technology companies has entered into a partnership with a private equity firm named Investment Funds for Health in Africa (IFHA) with a view to maximize their business efforts in East Africa. The firm has impressive portfolio and is supported by companies such as International Finance Corporation. The company will be tasked to provide medical devices, turn-key solutions,.... Read more »

Posted on : Wednesday , 18th April 2018

BUILDEXPO AFRICA 2018 - 03 - 05 May 2018 | KICC , Nairobi, Kenya

Kenyatta International Convention Center ( KICC ) is gearing up to host its largest annual event, the 21st edition of Buildexpo Africa to be held from May 3 to 5. The show catering to the construction industry is spread over the entire indoor and outdoor area of KICC with exhibitors participating from 40 countries. According to the organizers, Buildexpo has grown in several aspects in 2018. The visitor registrations are much higher.... Read more »

Posted on : Saturday , 7th April 2018

Kenya- Unilever Tea to install 600kW solar power plant

By mid-2018, the plant is expected to start producing power with Unilever to pay monthly power bills generated by Cross Boundary Energy who will finance and operate the plant for 15 years. The solar plant is the first commercial and industrial power purchase agreement for the company in Africa and is expected to deliver substantial savings on power costs and reduce its carbon emissions by over 10,000 tonnes over the plant’s.... Read more »

Posted on : Friday , 6th April 2018