Market News Page No. 22| Africa Business News

Kenya grants UNOC permission to import petroleum products through Mombasa

Kenya has granted Uganda's state oil firm, UNOC (Uganda National Oil Company), permission to import petroleum products through the port of Mombasa, as confirmed by Uganda's energy ministry on Thursday. This decision comes as Uganda seeks alternative routes for importing petroleum, having historically relied on affiliated Kenyan firms for decades. Solomon Muyita, spokesperson for Uganda's ministry of energy and minerals, indicated that the.... Read more »

Posted on : Friday , 5th April 2024

The Tatu Woodworks Is Launched In Tatu City, Kenya.

Tatu Woodworks, a custom business that specialises in joinery services that meet European standards, has started operating at Tatu City, a 5,000-acre mixed-use Special Economic Zone (SEZ) close to Nairobi. The company will provide turnkey solutions for homeowners, developers, architects, and interior designers, ranging from idea and design to joinery, thanks to its extensive technical skills and decades of worldwide experience. As one of.... Read more »

Posted on : Friday , 5th April 2024

Without Manufacturing and Industrialization Investments, Tanzania's Development Goals Will Remain Pipe Dreams.

Tanzania's economic growth and structural transformation are significantly influenced by industrialization and manufacturing, even though they are occurring on a small scale. Since gaining independence in 1961, Tanzania has gone through several stages of industrial development, from import substitution led by the state to liberalization and privatization spearheaded by the private sector. To reach the currently unachievable aim of having a.... Read more »

Posted on : Wednesday , 3rd April 2024

Ruto's Multi-Million Plan to Host the 2027 Africa Cup of Nations (AFCON) Tournament in Kenya

Kenyan President William Ruto congratulated the country's selection to co-host the African Cup of Nations (AFCON) in 2027 and shared information about upcoming construction and renovations in an official dispatch from the executive office.In preparation for the 2027 Africa Cup of Nations (AFCON), Kenya is constructing a number of stadiums to highlight its dynamic infrastructure and illustrious sports legacy. With this great hosting opportunity.... Read more »

Posted on : Tuesday , 2nd April 2024

Kenya and GOGLA Work Together To Promote Solar Energy for Useful Purposes in Kenya

A Memorandum of Understanding (MoU) was formally signed by KEREA, the Kenya Renewable Energy Association, and GOGLA, the global association for the off-grid solar industry, to advance the productive use of solar energy in Kenya over the next four years. With funding from the IKEA Foundation, this partnership seeks to provide a greater number of Kenyans with access to modern, clean energy by utilizing the potential of renewable technologies,.... Read more »

Posted on : Tuesday , 2nd April 2024

Solar Power at a New Plant Reaches a Record Level Of 28%

The 40 megawatt (MW) Alten Kenya Solarfarms project at Kesses in Uasin Gishu went online last year, setting a new record for solar power producing capacity in Kenya. Kenya National Bureau of Statistics (KNBS) collected data from Kenya Power, which showed that in 2023, solar power generation increased to a record 491.48 million kilowatt-hours (kWh). There was a 28.1 percent increase in output from the 383.54 million units.... Read more »

Posted on : Tuesday , 2nd April 2024

For Its Kenyan Manufacturing And Packaging Plant, Printcare Has Selected Alp West Logistics Park.

Printcare has chosen to establish its manufacturing and packaging facility at the ALP West Logistics Park located in Limuru, Kenya. With activities scheduled to begin in next year, the new plant will comply with EU compliance criteria. With operations in India and Sri Lanka, the business has expanded into other industries including apparel, footwear, beverages, and pharmaceuticals. The packaging business is expected to grow by.... Read more »

Posted on : Tuesday , 2nd April 2024

Rwanda Receives Consumer Protection Services From The EAC Body.

Rwanda is the third country to receive services from the East African Community Competition Authority (EACCA), following Tanzania and Kenya. In order to this end, a consumer protection agency in Rwanda and the East African Community (EAC) institution have formed a contract. According to an EAC release, "Cooperation in advancing competition policy will be strengthened via the Memorandum of Understanding (MoU)." The Inspectorate,.... Read more »

Posted on : Monday , 1st April 2024

A Call for Applications to Expedite Green Start-Up Ventures Has Been Issued In Kenya

The Kenya Climate Innovation Centre (KCIC) is holding a call for applications as part of its Greenbiz initiative to increase the capability and funding of green start-ups creating creative solutions in Kenya, especially in the waste management, water, and energy sectors. The deadline for interested startups to apply is April 15, 2024. The Kenya Climate Innovation Centre (KCIC) established the Greenbiz Programme in 2021 with the goal of.... Read more »

Posted on : Monday , 1st April 2024

Tanzania and Rwanda Agree To Expand Trade and Energy Relations

Vincent Biruta, Rwanda's minister of foreign affairs and international cooperation, and January Makamba, Tanzania's minister, pledged to strengthen bilateral relations between their two nations in a number of areas, such as infrastructure, trade, and energy. During his four-day working visit, Makamba stated that Tanzania would "continue to make it easier for Rwanda to use the port of Dar es Salam for its international trade.".... Read more »

Posted on : Monday , 1st April 2024

Increased Avocado Yields Present Karakuta In Kenya With Additional Opportunities

Karakuta, a Kenyan avocado grower, is increasing the amount of Hass it produces by expanding into Tanzania and making additional investments in clonal technology. One of Kenya's fastest-growing agribusinesses, Karakuta is based in Juja, Kiambu County, 45 minutes from Nairobi, the country's capital. It specializes in Hass avocados and fresh herbs. 15,000 well-watered avocado trees that are five years old make up the plantation; the fruit is.... Read more »

Posted on : Friday , 29th March 2024

Italian Businesses Want A Slice Of Kenya's $14 Billion Wine Market.

Industry stakeholders in Kenya claim that new trends are being driven by the country's expanding, well-informed wine market. Over the past few years, Kenya's wine culture has grown rapidly, drawing in a constant stream of inquisitive and discriminating wine enthusiasts. Italian wineries have recently expressed interest in the area, hoping to popularise and develop the Italian wine and cuisine culture in East Africa, while South African.... Read more »

Posted on : Friday , 29th March 2024