Market News Page No. 102| Africa Business News

Kenyan insurtech startup Turaco secures $2m seed funding

Turaco, a micro-insurtech start-up based in Kenya, has raised $2 million from Novastar Ventures, Mercy Corps Ventures, Musha Ventures, GAN Ventures, Zephyr Acron, and other angel investors in serial seed equity investment. The investment will be used to expand Turaco further and to increase its operations in Sub-Saharan Africa. In addition, the start-up seeks to build its proprietary technologies and to provide opportunities for jobs to.... Read more »

Posted on : Monday , 7th December 2020

The Solar Mamas Lighting Zanzibar Streets and Homes

In the Zanzibar archipelago of Tanzania, beyond pristine beaches and azure blue seas, there is the tale of tens of thousands of people who have been struggling with access to affordable electricity for years, with an estimated 50 percent of the population shut out of the national grid.As a result, families have had to struggle with costly and unhealthy energy sources, including kerosene and firewood, which continue to have a negative effect on.... Read more »

Posted on : Friday , 4th December 2020

Startup Offers Portable Lighting Systems To Finance Solar Charging Stations In Tanzania

The joint start-up of South Korea and US-based YOLK initiated a crowdfunding campaign to fund thousands of solar charging stations in schools across Tanzania. As Springwise notes, a campaign aimed at helping children from low-income families have access to clean energy and education in the African region.The idea is to sell portable batteries and light as much as possible. Solar Milk can be used as a power bank to charge cell phones and also.... Read more »

Posted on : Friday , 4th December 2020

Tanzania offers economic and investment opportunities

Paul F. Koyi President of Tanzania's Chamber of Commerce, Industry & Agriculture of the country (TCCIA) encourages businessmen from Pakistan to explore more forms of trade and investment cooperation in various sectors of the economy. Koyi said on a visit to the Karachi chamber of commerce and industry (KCCI) Headquarters, Tanzania is a very peaceful country which has immense commercial and investment potential in several sectors..... Read more »

Posted on : Wednesday , 2nd December 2020

Nairobi the leading online food supply city in Africa.

Kenya leading in the package through the mobile Internet and shows Kenyans' propensity to browse through their smartphones and desktops. The largest market group are urban, young and tech-savvy people between the age group of 25 and 34. The 2020 Kenya Food Index shows that online foods and beverages in Kenya is currently $1.8 billion and expected to touch $3.8 billion by the year 2024- African Development Bank (AFDB). By 2024, the.... Read more »

Posted on : Wednesday , 2nd December 2020

MACROPLAST PVT. LTD All Set To Participate At 6TH POWER & ENERGY 2021 from 24th to 26th March

"MACROPLAST" has signed up as sponsors at the most awaited event in Tanzania "6th POWER & ENERGY", in order to explore and expand its magnificent foot holes in Africa market."MACROPLAST" is an ISO 9001:2015 certified company engaged in Designing, Manufacturing & Testing of excellent quality Transformers since Year 1983.The Company breeds a spirit of technical innovation and specializes in designing and manufacturing customized.... Read more »

Posted on : Wednesday , 2nd December 2020

Rwanda: Targets Annual Industrial Growth of 14 Percent

Rwanda is setting an annual industrial growth of 14 % by 2020 from the current 2 % in 2016 -17 fiscal year, Rwandan minister of industry said during celebrations of Africa Industrialization Day, at the Kigali special economic zone. Vincent Munyeshyaka, Minister of Industry also said that his government target is to see industrial sector contribute at least 20 % to GDP up from the current 17.1 % in 2016-17 fiscal year. The move requires.... Read more »

Posted on : Monday , 30th November 2020

Africom Donates Mobile Field Hospital to Kenya Border Police

The Africa Command of the United States Military (AFRICOM) donated a mobile field hospital worth SH173 million and transferred an additional SH131 million in vehicles and training equipment to the Kenya Border Police Unit (BPU). The U.S. Embassy said the new equipment is intended to increase police mobility in border areas, improve weapons capabilities and create training capacity for new officers. The embassy also said that it would.... Read more »

Posted on : Monday , 30th November 2020

Tanzania: Right Move on Unlocking Agro-Industrial Potential

In the year 2000, the Tanzania government of the day officially launched the Tanzania Development Vision 2025 with the overreaching development goal of accomplishing a semi-industrialised, middle-income competitive economy by 2025. What with one thing leading to another, successor governments came up with the 2011/12—2015/26 Long-Term Perspective Plan which embodied 5 Year Development Plans (FYDPs). The 1st such quinquennial.... Read more »

Posted on : Friday , 27th November 2020

Africa and Middle East Mining sector rose by 16.7% in the second quarter of the year

Data and analytics company GlobalData’s deals database shows that overall deal activity in the Middle East and African metals and mining industry increased by 16.7% in the second quarter. Twenty-eight USD 1.44 billion deals have been revealed for the region over the year, relative to the last four-quarter total of 24 deals. Of all the forms of deals, mergers and acquisitions (M&As) accounted for the most activity, with 26.... Read more »

Posted on : Thursday , 26th November 2020

Road Safety Programme Launched by NTSA in Makueni

NTSA Director General (DG) George Njao said the 'Usalama Barabarani' programme is sponsored by the European Union and is planned to run for a period of three years.Njao said the aim of the programme is to improve road safety in order to minimise the number of deaths caused by accidents. "There is a need to strengthen road safety programmes and County Transport and Safety Committees (CTSCs) to reduce carnage," he said.The Director General.... Read more »

Posted on : Thursday , 26th November 2020

DT Dobie Starts Body Shop to all Makes of Cars for Re-Sprays

When a re-spray is required for cars, or SUVs that are treasured possessions, the owners want an excellent result to achieve a top-class finish. Some of these discerning drivers have become aware of the fine results obtained by the DT Dobie Body Shop for Mercedes Benz and Volkswagen owners.In the past, this facility was confined to operating on Mercedes and Volkswagens, excluding other bands. In response to requests from the proud owners of.... Read more »

Posted on : Thursday , 26th November 2020