Market News Page No. 3| Africa Business News

Trade, Investment, and Clean Energy Will Be Discussed By the UK Minister for Africa during His Visit to Tanzania

The British High Commission in Dar es Salaam released a statement on February 18, 2025, stating that the visit is the first by a UK minister to Tanzania since the new UK administration took office in July of last year and intends to expand ties in trade, investment, sustainable energy, and health. Collins will tour the Port of Dar es Salaam during the two-day visit, the statement added, to underline Tanzania's and the UK's shared commitment.... Read more »

Posted on : Monday , 3rd March 2025

Kwale County Lights Up Diani Beachfronts to Boost Security and Tourism

The Kwale County Government is installing solar-powered streetlights along Diani’s beachfronts to enhance security and boost tourism. Governor Fatuma Achani says the initiative will improve socio-economic activities and address long-standing concerns about poor night-time visibility and crime. She emphasized that well-lit streets will encourage a 24-hour economy, making roads safer for tourists, businesses, and residents. Accompanied by.... Read more »

Posted on : Monday , 3rd March 2025

Kenya Embraces Timber and Wood for Sustainable, Durable Housing Solutions

The Kenya National Bureau of Statistics (KNBS) recently released the Kenya Housing Survey report, showcasing the country’s diverse construction materials. The report highlights the increasing use of durable materials, with a special emphasis on wood and timber, which play a crucial role in building strong, eco-friendly homes. Wood and timber are widely used across Kenya, especially in counties like Meru (62.9%), Nyeri (49.0%), and.... Read more »

Posted on : Monday , 3rd March 2025

Solar energy project worth Ksh.10 billion launched by Ruto to power marginalized areas of Kenya

President William Ruto announced a new Ksh.10 billion project that will help over a million Kenyans living in underserved areas of the nation.Kenya's energy revolution will be significantly expanded with the establishment of 113 mini-grids in 14 counties through the Kenya Off-Grid Solar Access Project (KOSAP)."The present-day event is more than just an agreement signing; it's a reaffirmation of our unwavering dedication to inclusive.... Read more »

Posted on : Tuesday , 25th February 2025

Kenya Power Reaches a New Peak in Electricity Demand of 2,316 Megawatts

Kenya Power has surpassed the previous high of 2,304 MW achieved in January to reach a peak of 2,316 MW on February 12, 2025, setting a new record for energy demand. This spike in demand is indicative of a significant increase in the nation's energy usage, which is being fueled by large infrastructure projects, continuous system improvements, and the addition of more than 198,500 new users. Kenya Power's Managing Director and CEO, Dr..... Read more »

Posted on : Monday , 24th February 2025

Aga Khan Health Services and France Collaborate to Fight Cancer in East Africa

A new project has been signed with the goal of strengthening the battle against cancer in women in Tanzania and Kenya. Aga Khan Health Services (AKHS) in Kenya and Tanzania is in charge of this joint project, which is supported by the Gates Foundation (GF) and the Aga Khan Foundation Tanzania, France via the Agence Française de Développement (AFD) Group. In the two countries, it will help almost 7.4 million people. The East Africa.... Read more »

Posted on : Monday , 10th February 2025

A Level Four Hospital worth Sh700 Million to be Built in Kuria-Migori

After the groundbreaking ceremony for the new five-story Kegonga Hospital in Kuria East Sub County, Migori County will soon have a second level four hospital facility. Migori Governor Ochilo Ayacko, who oversaw the event at the Kegonga Sub County Hospital, recognised that the project's 300 beds would be a major step towards improving healthcare infrastructure and guaranteeing Kuria locals improved access to healthcare. Improving health.... Read more »

Posted on : Monday , 10th February 2025

Tanzania and Burundi Ink $2.15bn Railway Deal with Chinese Firms

Tanzania and Burundi have signed a contract with two Chinese companies to construct a railroad to transport metals, notably nickel, to Tanzania's port city of Dar es Salaam. China Railway Engineering Group and China Railway Engineering Design and Consulting Group are going to develop the $2.15 billion project, with financing from the African Development Bank (AfDB). This proposed 282km (175-mile) standard gauge railway (SGR) plans.... Read more »

Posted on : Monday , 10th February 2025

Burkina Faso launches a new EV brand entering the African EV market

Africa's electric vehicle (EV) market is growing more competitive as a number of nations make notable adoption progress. Burkina Faso's homegrown electric car, ITAOUA, just made its debut, enhancing the continent's EV scene even further. The company claims that the ITAOUA EV has remarkable qualities, including a 330-kilometer range on a single charge that can be completed in 30 minutes. The ITAOUA is positioned as a formidable.... Read more »

Posted on : Thursday , 6th February 2025

Tanzanian Government Plan's to Revamp the Nation's Mining Industry

The Ministry of Minerals has started a bold campaign to establish the nation as the top mining destination in Africa. Her Excellency President Dr. Samia Suluhu Hassan launched this program in recognition of Tanzania's status as one of Africa's most resource-rich countries, with a wealth of industrial, rare earth, precious metal, energy, and essential minerals. Tanzania's mining government has a bold plan to promote investment, economic.... Read more »

Posted on : Thursday , 6th February 2025

Sunna Achieves Major Milestone with 30,000 Solar Streetlight Installations in Togo

As part of a public-private partnership (PPP), French company Sunna Design has installed 30,000 solar streetlights in rural Togo, mainly in the Savanes and Kara regions. This initiative, under the PEP’S rural project, is led by the Togolese Agency for Rural Electrification and Renewable Energies (AT2ER) and aims to equip 4,600 villages with sustainable lighting solutions. Sunna states that these streetlights significantly improve daily.... Read more »

Posted on : Tuesday , 4th February 2025

The Female Force Behind Africa's New Era of Timber Construction

Wood is at the center of a construction revolution in Kenya, challenging traditional reliance on concrete and steel. Four women are leading the shift towards timber, advocating for its viability as a sustainable building material. With Kenya’s forest cover at 8.8% as of 2021, concerns about deforestation persist. However, commercial forestry—distinct from general forest conservation—offers a renewable solution for timber-based.... Read more »

Posted on : Monday , 3rd February 2025