Market News Page No. 1| Africa Business News

Kenya signs 800 million USD MoU with Linglong Tire for Mombasa SEZ plant

China's Shandong Linglong Tire and Kenya have inked a memorandum of understanding (MoU) to build a 800 million USD tire factory in the Mombasa Special Economic Zone. With its planned location in Mariakani, Kilifi County, the state-of-the-art plant is anticipated to boost local value chains, generate over 1,500 direct jobs, and establish Kenya as a worldwide manufacturing hub. President Ruto announced on social media, "Also, witnessed.... Read more »

Posted on : Tuesday , 4th November 2025

In Kenya, ARISE IIP Establishes a Multibillion Dollar Industrial Development Zone.

The Pan-African developer and operator of premier integrated industrial zones, ARISE Integrated Industrial Platforms (ARISE IIP), has formally opened an office in Kenya. The corporation is creating industrial parks and Special Economic Zones (SEZs) in Kilifi, Mombasa, Naivasha, and Eldoret, which is a major step in Kenya's economic diversification and industrial transformation.Kenya has established itself as a competitive hub for trade,.... Read more »

Posted on : Tuesday , 4th November 2025

Kenya’s $62 Billion Rare-Earth Minerals Discovery Transforms East Africa

Significant mineral concentrations found in Kenya's coastline formations have led to the country's potential as a rare earth powerhouse. The East African country is strategically positioned in talks of global supply chains due to its significant reserves of Kenyan rare-earth minerals, which are necessary for advanced manufacturing processes, renewable energy systems, and modern technology. According to recent geological estimations, Kenya is.... Read more »

Posted on : Tuesday , 4th November 2025

Projects of Sh4.15 Trillion will Help Tanzania's Water Sector

By completion, rural coverage will reach 83 percent and urban access will increase to 91.6 percent. By 2030, the government wants 85 percent of rural areas and 95 percent of urban areas to have access. The Same-Mwanga-Korogwe Project, which is valued at Sh406 billion, provides 51.65 million liters of water per day to 300,000 households in Kilimanjaro and Tanga. By stabilizing Ruvu River flows and storing 190 billion liters, the Kidunda.... Read more »

Posted on : Monday , 3rd November 2025

Ruto Seeks MPs’ Backing for Mega KSh 4.5 Trillion Nation-Building Agenda

President William Ruto has announced a landmark KSh 4.5 trillion national transformation plan anchored on large-scale construction and infrastructure projects to drive Kenya’s transition from a third-world to a first-world nation within the next three decades. Speaking in Vihiga County on Sunday, the President said his government will soon present the comprehensive proposal to Parliament, outlining unprecedented investments in.... Read more »

Posted on : Monday , 3rd November 2025

Makueni Drives Kenya Transition Towards Sustainable and Dependable Lighting Solutions

In an effort to strengthen its position as a national leader in Kenya's shift to green energy lighting facility, Makueni County is implementing an ambitious new Lighting strategy. The policy's objective is to provide households, schools, health centers, and businesses across its six sub-counties with power lighting that is clean, cost-effective, and reliable. By 2030, universal energy lighting access is the ultimate objective. With goals.... Read more »

Posted on : Monday , 3rd November 2025

Sh1bn Investment Equips Tanzania to Intensify Forest Management and Conservation Efforts

At Dar Es Salaam a significant stride toward strengthening sustainable forestry and forest conservation, the Ministry of Tourism and Natural Resources has received 74 facilities worth over Sh1 billion to combat unregulated trade in forest products. The handover event, held in Dar es Salaam, marked a milestone for the Tanzania Forest Services Agency (TFS), which will use the new facilities to enhance forest monitoring and protection efforts.... Read more »

Posted on : Monday , 3rd November 2025

AFPG Forms Alliance to Support Expansion of Geothermal Energy in East Africa

The French Association of Geothermal Professionals (Association Francaise des Professionnels de la Geothermie / AFPG) has officially announced the initiation of the FEXTE Kenya–Tanzania–Uganda–France (FEXTE KTUF) Partnership for Geothermal Development. This initiative seeks to encourage sustainable and climate-resilient economic growth by establishing a collaboration among geothermal stakeholders in Kenya, their counterparts in Tanzania.... Read more »

Posted on : Friday , 31st October 2025

African Finance Corporation receives a USD 100 million loan from FinDev Canada to advance sustainable infrastructure in Sub-Saharan Africa

Africa Finance Corporation (AFC), one of Africa's top suppliers of infrastructure solutions, has received a USD 100 million loan from FinDev Canada, the bilateral Development Finance Institution of the Canadian government. The funding will help Sub-Saharan Africa construct sustainable infrastructure projects, with an emphasis on low-carbon transportation and renewable energy. Through the facility, AFC will be able to establish a pipeline of.... Read more »

Posted on : Thursday , 30th October 2025

Nyakanazi Power Substation to Undergo Major Expansion in Tanzania

The government, in collaboration with the Ministry of Energy, has disclosed plans to expand the Nyakanazi Power Substation situated in the Biharamulo District of the Kagera Region. This effort is intended to strengthen its linkage with the national grid and to improve the availability of reliable electricity services. The initiative aims to improve the connectivity of Tanzania's power grid, establishing a unified, cohesive network that will.... Read more »

Posted on : Tuesday , 28th October 2025

Eldoret City's Ambitious Sh3 Billion Solar Street Lighting Program

Eldoret City is about to undergo a significant change as Uasin Gishu County initiates a Sh3 billion solar street lighting project to improve the city's safety and energy efficiency. The project, which is a component of a long-term infrastructure plan, is anticipated to improve urban security, slash energy costs, lessen the city's carbon impact, and increase investor confidence. More than 20,000 adaptive LED streetlights with CCTV surveillance.... Read more »

Posted on : Monday , 27th October 2025

Tanzania to Increase Investment in the Production of Health Care Products

In order to increase domestic industry capacity, meet national demand and produce foreign exchange through exports, the Medical Stores Department (MSD) has advocated for increased investment in Tanzania's indigenous health product manufacturing sector. Speaking at the Medical Association of Tanzania's (MAT) 60th anniversary and National Health Symposium today in Dar es Salaam, MSD Director General Mavere Tukai stated that over 80% of.... Read more »

Posted on : Friday , 10th October 2025