Market News Page No. 54| Africa Business News

Tanzania Approves $3.5bn Oil Pipeline

Tanzania’s government gave its approval on Tuesday for the construction of a $3.5 billion crude oil pipeline despite human rights and environmental concerns about the mega-project. The 1,443-kilometre (900-mile) pipeline will transport crude from vast oilfields being developed in Lake Albert in north-western Uganda to a Tanzanian port on the Indian Ocean for delivery to international markets. Uganda’s 1st oil is expected to flow in.... Read more »

Posted on : Friday , 24th February 2023

Kenya to Build a Gas Pipeline Linking Tanzania’s Dar es Salaam to Mombasa

Kenya is exploring the feasibility of constructing a gas pipeline linking Tanzania’s major coastal city of Dar es Salaam to Kenya’s coastal city of Mombasa and later extending it to Nairobi, Kenya’s capital, Africanews reported in October 2022. According to Kenya’s new president Dr. William Ruto, the prospective 600km pipeline, estimated to cost $1.1 billion, would help reduce the country’s soaring energy costs. President.... Read more »

Posted on : Friday , 24th February 2023

Ethiopia Grants First Ever Commercial Mini-Grid Licence

Ethiopia will increase its reliance on solar energy, including solar mini-grids, to electrify its population. The Ethiopian Petroleum and Energy Authority (PEA) has awarded the country’s 1st ever commercial mini-grid licence to Humanitarian Energy (HumEn), an Ethiopian-based company owned by the non-governmental organisation (NGO) Mercy Corps and Rensys Engineering and Trading. Humanitarian Energy wants to install a mini-grid powered by a.... Read more »

Posted on : Friday , 24th February 2023

KPA Shifts to Solar Power Plant in Green Port Plans

Kenya Ports Authority (KPA) is the latest heavy power consumer to embrace the shift towards renewable energy after it rolled out plans to commission a new solar plant, as part of the green strategy at the Mombasa port. The five-10 MW power plant will be installed within the port and will also help it cut down on electricity bills. A feasibility study conducted by energy and marine consultancy ABL Group has picked 2 possible brownfield.... Read more »

Posted on : Friday , 24th February 2023

Kenya Railways has begun work on the Nairobi Railway City initiative.

The projects will involve constructing a public square and a new stop for the Nairobi Central Railway. Phase 1 of the Nairobi Railway City project, which is anticipated to cost KES12 billion (USD 95 million), has begun construction by Kenya Railways. The project's groundbreaking event took place at the Nairobi Central Railway station in December. The Nairobi Railway City, a multimodal, transit-oriented, and urban development.... Read more »

Posted on : Thursday , 23rd February 2023

Tanzania Will Begin Trading Coffee Under AFCFTA Market In July.

Espresso will be the primary Tanzania's item to exchange under the African Mainland Streamlined commerce Region (AfCFTA) market in July this year, the Clergyman for Speculation, Industry and Exchange, Dr Ashatu Kijaji has said. As of late, the public authority declared that from July first, this year, it will begin trading ten kinds of items to the AfCFTA market for the country to profit from a coordinated African market of over 1.3 billion.... Read more »

Posted on : Friday , 17th February 2023

Tanzania's President Mwinyi Sees Opportunity in Horticultural Sector

Zanzibar President Hussein Mwinyi guided the rural service to team up with all partners to support creation of plant produce in the country for home-grown and send out business sectors. Dr Mwinyi additionally reported significant changes in his drive to prod the cultivation business to meet home-grown and send out business sectors. "We need to make a solid effort to satisfy the home-grown need and investigate the colossal open doors in.... Read more »

Posted on : Friday , 17th February 2023

The Business of a Kenyan Woman Turns Recycled Plastic Into Bricks.

Nairobi, Kenya's capital, is home to the startup Gjenge Makers, which was founded by Nzambi Matee. Her company turns plastic garbage into five to seven times more durable bricks than concrete. Matee not only founded the business, but she also created the machinery used to make the bricks. She receives free low- and high-density polyethylene and polypropylene plastic from nearby packing facilities to make strong building materials.She sources.... Read more »

Posted on : Friday , 3rd February 2023

Africa welcomes the timely completion of a historic disease control project supported by China

The timely completion of the China-aided Africa Centers for Disease Control and Prevention (Africa CDC) headquarters project has sparked hope across Africa, as the continent now has a stronger public health agency capable of advancing health initiatives and dealing with public health disasters. Senior officials from the African Union (AU) Commission and the Africa CDC, as well as representatives from African countries, Chinese officials,.... Read more »

Posted on : Friday , 3rd February 2023

Tanzania: EU Ambassadors Give Mwauwasa Projects a Thumbs Up

Last week, an ambassador representing European (EU) nations visited Mwanza and many projects, including the ongoing Butimba Water Treatment Plant (WTP).The Ambassadors at the location acknowledged their happiness with the project's progress, which is over 60% complete. The cooperation of the EU and its member states helped to finance the works to create the pumping and filtration station for the provision of water in Mwanza, according.... Read more »

Posted on : Tuesday , 31st January 2023

Tanzania has begun construction on Phase 4 of the SGR, which will connect Tabora and Isaka.

The Tabora-Isaka leg of the Standard Gauge Railway's foundation stone was placed on January 18, 2023 by Tanzania's Vice President, Dr. Philip Isdor Mpango (SGR). The portion is 165 km long (130 km + 35 km of intersections), and it is situated in the Shinyanga area. The parts are being built by the Turkish firm Yapi Merkezi, and they should be finished in March 2026 after a 42-month construction period. Vice President Mpango.... Read more »

Posted on : Tuesday , 31st January 2023

Getting the most out of Tanzania's timber industry

Tanzanian people are being empowered to manage forests in a sustainable manner.97% of the 48 million hectares of forest in Tanzania are primary forests. Due to the rising need for raw materials and their byproducts, many anticipate that these assets will open up new income prospects for the Tanzanian labour force. In the woods of southeast Tanzania, hardwood timber is one of the more valued natural resources. For rural populations that.... Read more »

Posted on : Tuesday , 31st January 2023