Market News Page No. 150| Africa Business News

Foton Turn to Automotive Market in Kenya with Sh257.2 Million Investment

Car manufacturers Foton have chosen to set-aside around $2.5 million (Sh257.25 million) to reestablish their position and regain their share of the market in East African, with Kenya as its main priority due to the rapid development of its automobile sector. “We have coordinated with our dealer and partner in Mombasa with the total investment amount of up to $2 million and are launching a local manufacturing plant for a total.... Read more »

Posted on : Wednesday , 18th April 2018

TCPAK - Town and Country Planning Association of Kenya at 21st Buildexpo 2018

On behalf of the TCPAK (Town and Country Planning Association of Kenya), I am very delighted to invite all of you at the 21st BUILDEXPO Kenya exhibition that will be held from May 3 to 5, 2018 at KICC – Nairobi. This is Kenya’s largest annual event devoted to the building and construction industry and provides all the participants a platform to introduce their products, find news partners and suppliers, exchange ideas, discover.... Read more »

Posted on : Thursday , 22nd March 2018

Dental Markets Across Africa and Middle-East Projected to Grow

The dental sector across the globe is projected to experience a period of sustained growth and development in comparison to other branches in healthcare. The most recent and best dental developments are being made increasingly available in countries all over the world. The value of dental supplies was USD 25.45 billion in 2016 and is expected to rise further to USD 35.35 billion by 2021. Africa and the Middle-East have been touted as.... Read more »

Posted on : Wednesday , 18th April 2018

Things Looking Up For the Solar Sector in Africa

The co-founder and president of Lumos Global, Nir Marom, says the solar industry on the continent is booming, driven by largely unmet demand for energy. "The fundamentals haven't changed, a huge unmet demand for energy, increasing mobile connectivity, and abundant solar resources altogether mean that we expect exponential growth in 2018," said Marom. He believes the industry is on an upward trajectory and, with.... Read more »

Posted on : Wednesday , 14th March 2018

Kenya Pipeline Boosts Oil-Storage Capacity By 22% with the Introduction of Tanks

Managing Director Joe Sang said that Kenya Pipeline Co. will spend 5.3 billion shillings ($52 million) building four new tanks that will increase its storage space by more than a fifth. KPC is adding capacity to meet growing demand for fuels in East Africa, the continent’s fastest growing sub-region, according to the African Development Bank. The additional tanks will store increased volume from a new pipeline being built.... Read more »

Posted on : Wednesday , 14th March 2018

Solar Energy to Be Provided To Residents By Busia

Busia County has partnered with RVE.SOL Company to provide reliable and adequate solar-powered electricity to residents. The two parties signed an agreement recently. The company will develop, operate and maintain solar mini-grids and offer high quality renewable and sustainable energy. They will also drill boreholes. RVE.SOL chief executive Vivian Vendeirinho and county community liaison officer Caxton Juma signed the.... Read more »

Posted on : Tuesday , 13th March 2018

Warehouse construction is the next big target

Developers are currently targeting the warehouse industry in Kenya and somehow moving away from the crowded construction of residential, retail and office space. With the construction industry in Kenya witnessing a boom in the residential, retail and office space, developers are currently targeting the warehouse industry as a new avenue to expand. Tilisi Developments Limited Co- CEO Kavit Shah stated in reports that there has been a slow.... Read more »

Posted on : Tuesday , 13th March 2018

East African Cement Manufacturers Eyeing Market in Rwanda

East Africa’s biggest cement companies have collectively turned their attention towards the market in Rwanda. The situation in Rwanda is demanding for more cement after local manufacturers have struggled of late to meet the local demand due to the lack of available raw materials. Rwanda acquires 46 percent of its cement through imports with that number expected to rise substantially in the coming days and months. This has caused a.... Read more »

Posted on : Wednesday , 18th April 2018

Positive Emergence in Africas Gas Sector

Gas discoveries worldwide have outsized oil finds by a ratio of two to one over the past two decades. Led by ‘colossal’ finds in East Africa, Africa’s gas reserves have risen by some two-thirds in recent years. The continent’s proven gas reserves of 503.3 trillion cubic feet (Tcf) at end-2016 (BP data) were mainly concentrated in Algeria, Egypt, and Nigeria – accounting for 92 percent of aggregate. The crown.... Read more »

Posted on : Monday , 12th March 2018

Flying taxis coming soon to Nairobi.

The McFly.aero blockchain project is starting the set up of transportation for air taxis service in 23 cities in 13 countries. Nairobi has been recognized as one of the launch cities for this ambitious flying cars project. This is going to be a 2 part business project, the first part being a technological consortium of 12 companies that are currently developing the fundamentals of the city air taxis, , across the flying cars. This is.... Read more »

Posted on : Friday , 9th March 2018

Private Sector Involved in Attainment of Kenya's UHC Project

The Cabinet Secretary for Health, Sicily Kariuki has met with the Development Partners in Health Kenya (DPHK), the renowned Health donors gathering and has made affirmations about the utilization of the assets accumulated. The CS also said that an internal system for Development Partners Coordination will be put in place in the coming week. She gave thanks to the dedication and hard work of the county governors in spreading the.... Read more »

Posted on : Wednesday , 18th April 2018

Tanzanian Government Dedicate Sh1.9 Billion to Healthcare

The Tanzanian Administration has revealed their plan to funnel another Sh 1.9billion to the healthcare sector in Tanzania, which will be put towards the refurbishment of healthcare facilities in the Nanyamba region, as indicated by Prime Minister, Kasim Majaliwa. An announcement was made by the Premier's communication unit, in the announcement Mr. Majaliwa said that, the move was a part of the endeavors of the government to.... Read more »

Posted on : Wednesday , 18th April 2018