Market News Page No. 42| Africa Business News

KenGen Signs Deal with Toshiba over Geothermal Partnership

Kenya Electricity Generation Company (KenGen) has partnered with Japan’s Toshiba Energy Systems & Solutions Corporation (Toshiba ESS). The deal is to collaborate on exploring geothermal energy in several countries. The agreement signed on the sidelines of the 8th Tokyo International Conference on African Development (Ticad-8) provides for an operation and maintenance (O&M) services partnership for geothermal power plants in.... Read more »

Posted on : Wednesday , 14th September 2022

ETHIOPIA: Marriott Secures Funding For Drilling At Two Geothermal Sites

UK-based Marriott Drilling Group is securing funding to support two geothermal projects it is developing in Ethiopia. The funds are being provided by the investment company NPIF-Mercia Debt Finance. UK-based Marriott Drilling Group is securing funding for its drilling contracts in Ethiopia. The Chesterfield, England-based Company has secured the funding from NPIF-Mercia Debt Finance, an investment company managed by Mercia and part of the.... Read more »

Posted on : Wednesday , 14th September 2022

Kenya Announces Recyclable Plastics Roadmap for 2030

By 2030, all plastic packaging in the nation is to be recyclable or reused, according to a roadmap released by the Kenya Plastics Pact. The Roadmap has been signed and endorsed by more than 30 company members and supporters of the Kenya Plastics Pact, including people from every level of the supply chain for plastic packaging.They consist of producers of plastic packaging, well-known Fast-moving consumer goods (FMCG) brands, devoted small.... Read more »

Posted on : Wednesday , 14th September 2022

Over 80 Indian companies to present industrial and engineering products and machinery in Dar es Salaam

EEPC India as a part of INDEE Tanzania 2022 brings over 80 Indian companies presenting industrial and engineering products and machinery in Dar es Salaam. The event coincides with the 22nd Indusmach 2022 international trade exhibition which is showcasing engineering products, tool, hardware, machinery and equipment for the East African market. The trade show will be held from 22nd to 24th September, 2022 in Dar es Salaam, Tanzania, at the famed.... Read more »

Posted on : Tuesday , 13th September 2022

In Zanzibar, a Solar Water Desalination Plant goes into Operation.

The German company Boreal Light has recently inaugurated a new water desalination plant in Tanzania. Local authorities in the Zanzibar archipelago recently inaugurated the project, which has been developed in conjunction with WaterKiosk Africa. The ribbon-cutting ceremony for the new desalination plant was presided over by Hussein Mwinyi, the president of Zanzibar, a semi-autonomous archipelago in the Indian Ocean off the coast of Tanzania..... Read more »

Posted on : Monday , 12th September 2022

Coca-Cola invests $2 million in Upgrading its Kisumu Wastewater Treatment Plant.

Through all of its operations, environmental sustainability. Coca-Cola Beverages Africa (CCBA) in Kenya intends to reach this. The largest Coca-Cola bottler in Africa, Coca-Cola Beverages Africa's Kenyan affiliate plans to invest $2 million to upgrade the wastewater treatment facility close to its Equator Bottlers facility in Kisumu, western Kenya. The goal is to increase both the quantity and quality of water used at the factory to make soft.... Read more »

Posted on : Monday , 12th September 2022

L&T Construction has been Awarded a Contract for Urban Drinking Water in Tanzania.

New drinking water facilities will be constructed in a number of Tanzanian cities by Larsen & Toubro (L&T) Construction. On April 19, 2022, the Tanzanian government and the Indian multinational announced an engineering, procurement, and construction (EPC) agreement. Due to new facilities, the availability of drinking water is anticipated to increase in Tanzanian cities. The Tanzanian state granted Larsen & Toubro (L&T).... Read more »

Posted on : Monday , 12th September 2022

By 2033, a Green Infrastructure initiative will transform Tangier into a Sustainable Metropolis.

The Moroccan authorities is launching the "Cité Mohammed VI Tanger Tech" mission to make the port town of Tangier a vacation spot for the green financial system and sustainable tourism through 2033. The initiative, so that you can additionally contain era, could be carried out with the help of several economic partners. By 2033, Tangier might be a sustainable city. The Moroccan government recently signed a framework agreement for the.... Read more »

Posted on : Monday , 12th September 2022

By September, Kenya Power will establish electric vehicle charging stations

As the transition to clean transportation gains traction, Kenya Power will begin building electric charging stations for households, businesses, and the general public nationwide as of next month. In order to pilot the charging stations, the State-owned power utility is looking for a company to create an e-mobility network infrastructure system (ENIS) in Nairobi and Nakuru.Due to the requirement for electrical supplies for motorists, Kenya, like.... Read more »

Posted on : Thursday , 1st September 2022

The Chinese-built Ethiopia-Djibouti railway on Thursday started vehicle shipment from ports in Djibouti to Addis Ababa, the Ethiopian capital.

The first vehicle shipment arrived at the Indode Freight Station on the outskirts of Addis Ababa.A special ceremony was held at the station to mark the arrival of the first shipment.Abdi Zenebe, the chief executive officer (CEO) of Ethiopia-Djibouti Railway Share Company (EDR), lauded the move, emphasizing that it will help realize the major aspirations of the railway in terms of facilitating Ethiopia's transportation system. Noting the.... Read more »

Posted on : Tuesday , 6th September 2022

Entering the Dire Dawa Industrial Park in Ethiopia is Gulf Ingot FZC

A agreement was struck for the production of packaging materials for soft drinks and water between Gulf Ingot FZC, a company with its headquarters in the United Arab Emirates and Industrial Parks Development Corporation (IPDC) of Ethiopia. Local manufacturing firms can enter industrial parks and begin production thanks to the preparations undertaken by IPDC. Shiferaw Solomon, the Industrial Parks Development Corporation's deputy chief.... Read more »

Posted on : Friday , 26th August 2022

Kenya gives Bangladesh a significant amount of agricultural land.

In light of Bangladesh's considerable success and good experience in the industry, Kenya has invited Bangladesh to utilise the huge farmland of the African nation for food production. It also expressed interest in fostering business partnerships, capital investments, and training and knowledge transfers in the fields of agriculture, information technology, women's empowerment, and UN peacekeeping. Following the first-ever Foreign.... Read more »

Posted on : Friday , 26th August 2022