Market News Page No. 2| Africa Business News

Rosatom Launches Uranium Processing Plant in Tanzania

Rosatom subsidiary Mantra Tanzania Ltd has commissioned a pilot uranium processing plant at the Mkuju River project in southern Tanzania. The facility, located at the Nyota deposit, will be used to test uranium processing technologies and provide input into the design of the main processing complex, which would have a production capacity of up to 3,000 tonnes of uranium per year. Its construction is set to begin in the first quarter of 2026,.... Read more »

Posted on : Tuesday , 5th August 2025

A Tanzanian Government Project Has Raised $200 Billion to Improve Access to Water

According to the Dar es Salaam Water and Sanitation Authority (DAWASA), women no longer have to trek great distances to find water because of the "Kumtua Mama Ndoo Kichwani" program. The campaign has helped mobilize 200 billion dollars, which is being used to implement water projects throughout the nation. Numerous water projects around the country have been made possible by the "Kumtua Mama Ndoo Kichwani" campaign. According to him,.... Read more »

Posted on : Monday , 4th August 2025

President Samia Launches Construction of 103 Vocational Schools in 41.6bn/- Initiative

President Samia Suluhu Hassan has begun a historic education initiative by laying the groundwork for one of 103 projected vocational secondary schools across Tanzania, with a total cost of 41.6 billion/-. The formal launch was held at Amali-Mwamapalala Secondary School in Itilima District, Simiyu Region, one of the initiative's key schools and is currently being constructed at a cost of 1.6 billion/- and is already 96% completed.President Samia.... Read more »

Posted on : Monday , 4th August 2025

Kenya on Track to Electrify 12 Million Homes by 2026

Kenya is lighting up the nation like never before through its bold Last-Mile Connectivity Project, which is set to illuminate at least 12 million households by next year. Deputy President Kithure Kindiki announced that over 10 million homes are already glowing with power lighting, thanks to recent efforts that have connected 700,000 households in just two years. This expansion of electricity access is bringing new light and life to communities,.... Read more »

Posted on : Monday , 4th August 2025

Tanzania's Path to Sustainability: Balancing Forest Conservation with Economic Growth

Tanzania is emerging as a regional example of how environmental protection can go hand-in-hand with economic opportunity. With over 48 million hectares of forest, the country is now prioritizing sustainable land use by merging conservation with community development. Recent government and partner-supported efforts are replacing harmful practices like charcoal burning and slash-and-burn farming with income-generating alternatives such as.... Read more »

Posted on : Friday , 1st August 2025

AfDB Approves Significant Energy Access Financing for East Africa

Projects in Tanzania, Rwanda, and Zambia that assist power generation, transmission, and clean energy access have received funding approval from the African Development Bank (AfDB). Installing high- and medium-voltage undersea power lines to link the Mafia Islands and Zanzibar to the national grid will cost Tanzania $282 million. Through this project, power capacity will be increased from 143 MW to 440 MW, and 465,000 new customers will be.... Read more »

Posted on : Tuesday , 29th July 2025

Fixo creates solar energy jobs through its partnership with the WTS Foundation

Fixo Solutions has revealed its plans to incorporate trained technicians from WTS Foundation into Fixo’s platform, granting them direct access to employment opportunities throughout Kenya.This partnership marks a significant achievement for Fixo Solutions since its inception at the beginning of this year, as it broadens its e-hailing services to include specialized solar installation experts in addition to conventional handyman services. For.... Read more »

Posted on : Tuesday , 29th July 2025

57% of Kenya's Power is supplied by KenGen as the Demand Surges

According to recent estimates from the Energy and Petroleum Regulatory Authority (EPRA), the Kenya Electricity Generating Company PLC (KenGen) supplied more than 57% of Kenya's daily electricity generation to fulfil the country's soaring demand for power. In a statement, KenGen stated that its hydropower plants contributed 10,915 MWh to the country's output, while its geothermal units generated 13,678 MWh. Kiambere in.... Read more »

Posted on : Monday , 28th July 2025

President William Ruto in London: Kenya and UK Set Ambitious Trade Growth Target by 2030.

Kenyan President William Ruto is on an official visit to the United Kingdom, where he is expected to meet with British Prime Minister Keir Starmer to finalize a new strategic partnership agreement covering the period from 2025 to 2030. The deal, announced on Kenya’s national broadcaster on June 29, aims to deepen cooperation between the two countries in key areas including trade, innovation, climate action, and security.A major objective of.... Read more »

Posted on : Thursday , 3rd July 2025

China's GAC Group Launches Vehicles in Addis Ababa

As part of its move into the East African market, Guangzhou Automobile Group Co., Ltd. (GAC Group), a Chinese carmaker, has brought two of its electric vehicle (EV) models to Ethiopia. The company displayed its AION Y and ES9 models at a launch ceremony in Addis Ababa, the capital of Ethiopia. Speaking at the event, Zeleke Temesgen, commissioner of the Ethiopian Investment Commission, said the government has made strong steps to.... Read more »

Posted on : Thursday , 3rd July 2025

Japanese Government to Contribute Funds to the Unitaids Project That will Install Medical Oxygen Production Plants in East Africa

Unitaid, an international organisation that promotes access to cutting-edge health products in low- and middle-income countries, has chosen Nikkiso Co., Ltd. to deliver medical oxygen production plants as part of a regional health program. To increase local oxygen production, the initiative would install four air separation units in Tanzania and Kenya. In much of sub-Saharan Africa, medical oxygen is still critically scarce, despite being.... Read more »

Posted on : Thursday , 3rd July 2025

In Order to Increase Business, China Claims That It is going to Remove All Taxes on African Exports

China stated it will negotiate and sign a new economic agreement with Africa that will eliminate any taxes on the 53 African countries with which it has diplomatic relations. This agreement could help middle-income countries. The new program will level the playing field by providing middle-income nations with comparable market access to the duty- and quota-free market access that the Asian economic powerhouse provides to least developed.... Read more »

Posted on : Thursday , 3rd July 2025