Market News Page No. 1| Africa Business News

India’s Power Grid Corp Launches Kenya Unit Ahead of Planned KSh 40bn Investment

The Power Grid Corporation of India, which is state-owned, has formally commenced the execution phase of its transmission project in Kenya after setting up a project company in Nairobi to facilitate the development of a KSh40.2 billion electricity corridor. The company has formed Mwanga Transmission Company Limited, a special purpose entity that was registered in Kenya on April 21, to execute the Kenya Independent Power Transmission.... Read more »

Posted on : Thursday , 30th April 2026

Tanzania Unlocks Jobs and Income Through Tree Based Sustainable Growth

A growing shift towards wood development is reshaping how economies view forests in Tanzania, positioning them not just as natural resources but as drivers of sustainable growth. Across the country, tree based industries are gaining recognition for their potential to create jobs while preserving environmental balance. By promoting responsible forestry, agroforestry and wood-based production, Tanzania is opening new avenues for inclusive and.... Read more »

Posted on : Wednesday , 29th April 2026

Tanzania Collaborates with AXA Health International to Expedite its Global Expansion

AXA Health International, which runs the AXA worldwide Healthcare brand, has announced a new partnership with Alliance Insurance Corporation Limited and MIC Global Risks in Tanzania, expanding its worldwide reach and footprint throughout Africa. Businesses, expats and professionals who go abroad will be able to take use of AXA Global Healthcare's Global Executive Health Plan (GEHP) thanks to the partnership, which will improve access to.... Read more »

Posted on : Tuesday , 7th April 2026

In Nairobi and Kwale, the Lea Salama Project was Started to Address Maternal and Infant Deaths

On April 2, 2026, the Lea Salama Maternal and neonatal Health (MNH) Project was introduced as a new maternal and neonatal health effort.In an effort to reduce Kenya's consistently high rates of maternal and newborn death, this is aimed at Nairobi and Kwale Counties. According to data from 2019, Kenya's maternal mortality ratio is currently 355 deaths per 100,000 live births, while the neonatal mortality rate is 21 per 1,000 live.... Read more »

Posted on : Tuesday , 7th April 2026

Lifestyle in Kiambu County Is Brightened by Hundreds of Solar-Powered Lights

In an attempt to decrease the enormous electricity lighting bills that have challenged the county's progress, Kiambu President Kimani Wamatangi implemented solar-powered street lighting. Embracing renewable energy is a calculated step that will significantly reduce the county's yearly power bill expenditures of over a billion shillings. The modification has also improved the standards of life for the locals, who take pride in increased.... Read more »

Posted on : Wednesday , 1st April 2026

Tanzania’s Construction Sector Set to Hit Sh40.44 Trillion by 2030

Tanzania’s construction industry is poised for sustained growth, with projections indicating the sector will reach a value of Sh40.44 trillion by 2030, reinforcing its position as one of the country’s fastest-growing economic drivers. This growth is underpinned by rising investor interest, continued government spending on infrastructure, and rapid urbanisation across key cities.According to the report compiled by industry analysts, the.... Read more »

Posted on : Wednesday , 1st April 2026

Tanzania is Introducing Electric Vehicles to Support Eco-friendly Transportation

The Ministry of Energy has officially introduced Dow Elef Auto EV (ZERA) in Dar es Salaam, marking a significant step toward advancing clean energy technology. This initiative follows the government’s 2024 policy framework, which aims to reduce transportation costs by leveraging the nation’s 4,500 MW power capacity.The launch represents a formal move to integrate advanced automotive technology into Tanzania’s transport system. At the.... Read more »

Posted on : Tuesday , 7th April 2026

CS Promotes Local Industry and Job Creation and Signs Performance Contracts with MITI SAGAs

A renewed push for national economic delivery was initiated when Lee Kinyanjui, the Cabinet Secretary for Investments, Trade, and Industry, signed Performance Contracts with the CEOs and chairs of State Agencies (SAGAs) within the ministry. The CS positioned MITI as essential to nation-building by emphasizing that ministry success was a result of teamwork. "We bear a huge responsibility to make the nation work unlocking jobs through value.... Read more »

Posted on : Wednesday , 1st April 2026

Coca-Cola Invests USD 1.94 Million to Improve Tanzania's Water Security

In order to rehabilitate the Ruvu Basin, a crucial water source for Dar es Salaam, the Coca-Cola system in Tanzania is investing USD 1.94 million. With a population of around 9 million, Dar es Salaam serves as the commercial hub of Tanzania and serves as a vital link for businesses, farms, and communities throughout eastern Tanzania. The initiative's main goals are to restore catchment areas, enhance water replenishment using natural.... Read more »

Posted on : Wednesday , 1st April 2026

Kenya Strengthens Forest Base for Sustainable Wood Production

Kenya has reached a remarkable milestone in its nationwide tree growing campaign, crossing 846 million geo tagged seedlings as part of a long-term effort to secure the country’s timber, fuelwood and ecological future. Through the smart tracking system Jaza Miti, every planted seedling is recorded, helping authorities and communities monitor survival rates and growth - ensuring that the effort leads to real forests, not just statistics. The.... Read more »

Posted on : Wednesday , 1st April 2026

Tanzania Ranks 4th in Africa for Mining Investment

According to the Fraser Institute's Annual Survey of Mining Companies 2025, Tanzania's reputation as a top location for foreign mining investments has greatly improved. The Investment Attractiveness Index (IAI), a comprehensive criterion used by investors to decide where to allocate exploration capital, ranked Tanzania 34th out of 68 jurisdictions worldwide in the 2025 global rankings. Tanzania's overall score improved steadily from 62.75 in.... Read more »

Posted on : Wednesday , 1st April 2026

Tanzania Commissions 50MW Solar Plant, Boosting Power for Mining Industry

Significant developments have been mentioned in recent talks about Tanzania's energy sector, especially with regard to a new solar power project at Kishapu. It is imperative to elucidate the specifics of the country's most recent energy infrastructure developments, nevertheless, as existing data indicates a separate but no less important initiative intended to support the mining sector.Although the idea of a 50 MW solar facility in Kishapu is.... Read more »

Posted on : Wednesday , 1st April 2026