Market News Page No. 122| Africa Business News | Afrotrade

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East Africa portrays solid monetary development says AfDB report

Economic growth in East Africa is soaring ahead of other regions on the continent at close to 7 percent while the overall outlook for the rest of Africa is cautious, but positive, a report by African Development Bank has observed. Job creation and ramping up manufacturing will continue to be major priority areas for creating growth and employment across the continent, says AfDB. The Bank launched four of its five regional economic.... Read more »

Posted on : Monday , 8th April 2019

ESTABLISHING A NEW AGE OF MACHINES IN KENYA

The best selection of products and technology from all segments of the latest global trends is been bought to Kenya byTools and Equipments in Kenya . Until recent times Kenya was not making substantial growth in the field of industrial machines. They are able to perform all work needed in the running of an industry. Recently machines have started playing an important role eliminating human labor to a certain extent.... Read more »

Posted on : Monday , 29th April 2019

KENYAS PACKAGING THROTTLED TO A WHOLE NEW LEVEL

Kenya is almost entirely dependent on imports for, raw materials for plastic packaging at present. In the Kenya the most demanded material in the field of packaging market is polyolefin, followed by PET.Kenya’s East African market is one of the leading regional packaging markets. The increase in per capita income in Kenya has led to an increase in packaged foods and fast-moving consumer goods. Especially the plastic packaging and food.... Read more »

Posted on : Friday , 5th April 2019

Tshwane, capital of South Africa is all set to become a leading automotive investment destination in Africa

The Automotive Industry Development Centre (AIDC) has begin the first step of a R50 billion mega-development which will see Rosslyn, north east of Pretoria, become the new automotive manufacturing capital of South Africa, and a leading automotive investment destination in Africa. South Africa’s capital, City of Tshwane, is set to become the automotive capital of Africa with the development of Rosslyn Hub, a R50 billion Auto City.... Read more »

Posted on : Friday , 5th April 2019

OPPORTUNITIES FOR SMALL SCALE FOOD PROCESSING INVESTMENT IN KENYA

Kenya stands out as a huge business hub among all the countries in the East and Central African sub-regions, in terms of GDP, the economy of Kenya is the largest in the region with 53.40 USD by records that are available. It is also one of the top ten economies in the entire continent of Africa and there exist huge opportunities for small and medium-scale businesses that are involved with processing of food in this East African country. The.... Read more »

Posted on : Thursday , 4th April 2019

Kenya an attractive market for consumer products

Various types of deodorants and fragrances are cosmetics products increasingly being used. High demand for cosmetics has led to the cosmetic market growth all over the world and not only in Kenya. The key drivers as far as Kenya is concerned are the economy that includes a strong population growth, a growing number of middle-class people and a workforce which is educated. Increase in the growth of the beauty and personal care market in Kenya,.... Read more »

Posted on : Thursday , 4th April 2019

2.5 Billion Euro Funding By France To Boost Africa's Industrial Growth

African start-ups and small businesses up to 10,000 stand to receive financial and technical support to the tune of Sh282.5 billion (€2.5 billion) under a newly launched entrepreneurship drive by visiting French President Emmanuel Macron. The Choose Africa campaign seeks to ignite innovative and entrepreneurial ideas among African youth and help create home-grown jobs and wealth. Africa holds the largest portion of.... Read more »

Posted on : Thursday , 4th April 2019

GREASING THE WHEELS OF KENYAS NASCENT OIL AND GAS SECTOR

Discovery of oil and gas reserves provides significant opportunities of development for Kenya and other countries. Being conscious that production and exploration and production carry quite a few health and environmental risks, The Kenyan government is keen to put in the necessary safeguards. Being the largest greenhouse gas emitters the Oil and Gas industry are one of the largest emitters particularly of methane, which is more harmful than.... Read more »

Posted on : Thursday , 4th April 2019

KENYANS MOVE TOWARDS SOLAR POWER SYSTEMS AND INSTALLATIONS

Kenya is actually the world leader in the number of solar power systems installed per capita. More Kenyans are turning to solar eco power every year rather than making connections to the country's electric grid. due to a number of challenges that they face when they are connected to the national grid. First and foremost the national grid includes high cost of buying power from Kenya power. This has necessitated the need for regulations in.... Read more »

Posted on : Thursday , 4th April 2019

THE ENERGY SECTOR MODERNIZING THEIR LEGISLATIVE FRAMEWORK IN KENYA

The frame work which has guided the exploration and production is established by the Petroleum Act 2019 in Kenya. The piece of legislation that has been updated will govern the production, contracting and exploring of petroleum resources in Kenya, even including natural gas and crude oil. The approval into the law of Energy Bill2017 as well as petroleum Bill2017('The Acts") by the President Uhuru Kenyatta, on the 12th of March.... Read more »

Posted on : Wednesday , 3rd April 2019

BLOWING OFF THE LAMPS AND SWITCHING ON LED IN KENYA

Kenya has been showing relatively good interest in off-grid LED lighting. But for consumers to move to clean energy it takes more than efficient, affordable products. A joint IFC and World Bank program, lighting Africa has launched an education campaign targeting businesses and 9 million people living in rural parts of Kenya to help them change to solar lighting from their fuel-based lighting. The education campaign is one of many.... Read more »

Posted on : Tuesday , 2nd April 2019

Triple oil production strategies in South Sudan

South Sudan's ambassador to Ethiopia and the African Union, James Morgan, voiced that with his country enjoying relative peace after almost five years of civil war, South Sudan has turned its sights on reviving its oil sector. Despite the ongoing efforts to increase non-oil revenues, South Sudan depends on oil production to finance more than 90 percent of its fiscal expenditure. Morgan informed Xinhua that with the.... Read more »

Posted on : Tuesday , 2nd April 2019

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