Market News Page No. 32| Africa Business News

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

Tanzanian Government Grants Licence to Strandline's Tajiri Mineral Sands Project

A special mining licence (SML) for the Tajiri mineral sands project has been approved by the Tanzanian government. Strandline Resources, an emerging critical minerals producer, is now able to continue on with discussions with possible strategic and offtake partners, including joint venture opportunities. The ASX-listed Nyati Mineral Sands, a joint venture between Strandline and the Tanzanian government in which Strandline owns 84% and the.... Read more »

Posted on : Monday , 22nd July 2024

Suba South Water Project Launched at Sh. 60 million

After a water project was implemented that aims to service over 24,000 residents, the people of Suba South are immensely happy. The non-governmental organization World Vision carried out the project using funding provided by the Japanese government, which totaled Sh. 60 million. The project, according to Suba South Member of Parliament Caroli Omondi, is crucial to the battle against communicable diseases in isolated.... Read more »

Posted on : Thursday , 28th March 2024

$112 Million Contract Signed for the Construction of Dr. Samia Suluhu Hassan Stadium in Tanzania

Tanzania, Kenya, and Uganda are co-hosting the 2027 AFCON, Africa's largest international men's football championship. In preparation of that, Tanzania recently inked a $112 million agreement for the construction of the anticipated Dr. Samia Suluhu Hassan Stadium in the Arusha region. The signing ceremony took place at the Benjamin Mkapa Stadium in Dar es Salaam. During the event, Tanzania's Minister of Culture, Arts, and Sports, Dr. Damas.... Read more »

Posted on : Thursday , 28th March 2024

Kenya: A Nation Rich In Packaging Opportunities

The industry is expected to increase at a compound annual growth rate (CAGR) of roughly 4.8 percent between 2021 and 2026, indicating that it will adapt to changing market conditions. Although it is still difficult to obtain national figures, there is a wealth of information about important areas of Kenya's packaging sector, such as market trends, new prospects and successful business plans. Kenya, one of the most industrialised.... Read more »

Posted on : Monday , 11th March 2024

In Order To Accelerate Digital Transformation In Africa, Ericsson And MTN Group Have Extended Their BSS Modernization Agreement.

Using Ericsson Charging and Ericsson Mediation, together with Ericsson Dynamic Activation, MTN Group is developing and investigating new and inventive capabilities, including 5G and IoT use cases. The collaboration paves the way for MTN Group's sustained success and expansion as it pursues its Ambition 2025 vision and moves closer to being a cloud-native organization. In order to continue providing MTN with two key solutions.... Read more »

Posted on : Tuesday , 5th March 2024