Market News Page No. 58| Africa Business News

Ethiopia witnesses an increase foreign direct investment.

Ethiopia attracted approximately 3.31 billion US dollars in Foreign Direct Investment (FDI) in the Ethiopian fiscal year 2021/2022, according to the Ethiopia Investment Commission (EIC). In a press release, EIC stated that 168 investors obtained investment licences during the fiscal year 2021/2022, with 100 investors obtaining investment licences in the manufacturing sector, 62 investors obtaining investment licences in the services sector,.... Read more »

Posted on : Monday , 10th October 2022

Government of Ethiopia benchmarks Set to Copy, KEMSA Operations

In an effort to implement KAIZEN principles at the Ethiopian Pharmaceuticals Supply Service, the delegation headed by Dereje Duguma, Ethiopia's Minister of Health, engaged KEMSA and benchmarked their operations (EPSS). According to KEMSA CEO Terry Ramadhan, the operating system helped the organisation rank among the best in sub-Saharan Africa. KEMSA's CEO said that the idea has helped the authority's transparency and end-to-end.... Read more »

Posted on : Monday , 10th October 2022

Innovation is at the core of Kenya's new plastics circularity plan.

The Kenya Plastics Pact has presented the nation's new plan for creating a circular economy for plastics by 2030. The roadmap includes a number of important components, such as innovation and industry dialogue. Kenya is implementing a coordinated action plan to hasten the growth of the circular economy for plastics. The Kenya Plastics Pact (KPP), which was established in March 2022, stakeholders just approved and published the agreement..... Read more »

Posted on : Tuesday , 4th October 2022

AFSA and CCC-E are collaborating to create a plan to reform the food system in Africa.

A recent climate summit was held in Addis Abeba, Ethiopia, thanks to the efforts of the Consortium for Climate Change Ethiopia (CCC-E) and the Alliance for Food Sovereignty in Africa (AFSA). To discuss and establish a distinct African perspective for the next United Nations Climate Change Conferences, over 150 climate actors from 32 African countries, including small-scale food producers, youth, women, academics, environmentalists, and.... Read more »

Posted on : Tuesday , 4th October 2022

Four more Kenyan towns are now served by Uber

Eldoret, Nakuru, Naivasha, and Kisumu are the four new cities in Kenya where Uber has announced its expansion. Now accessible in 8 East African cities, the expansion strengthens Uber's position there. Since the company's 2013 start, it claims to have performed 1 billion trips in Africa. The business also unveiled new features, updates, and solutions geared toward delivery, travel, and safety in Kenya. With the introduction of.... Read more »

Posted on : Friday , 30th September 2022

Jumia Kenya will launch an electric vehicle for delivery services in Kenya

Jumia Kenya has announced that it would soon start using electric e-Vans for deliveries done in Kenya. The electric e-Vans are a new addition to the delivery fleet that already comprises boda bodas, trucks, and vans for delivering items, food, and beverages to consumers. Jumia will purchase its electric e-Vans from Biliti Electric, a California-based developer of EV solutions. After finishing the pilot project, the two businesses.... Read more »

Posted on : Friday , 30th September 2022

Agri-summit: Kijaji wants Tanzania to be the continent's food powerhouse.

Dr. Ashatu Kijaji, the minister of investment, industry, and trade, has urged both the public and private sectors to work together to make Tanzania the hub of the continent and the world for the trade of food. She issued the challenge before a symposium on agriculture. President Samia Suluhu Hassan is expected to give the opening address at the five-day African Green Revolution Forum (AGRF), which will take place in Kigali,.... Read more »

Posted on : Thursday , 29th September 2022

Suez will recover Renault's waste over the next three years in Morocco.

Renault, the French car manufacturer, has renewed its contract with Suez for waste management at its two Moroccan plants. Suez Morocco has been recovering Renault Group industrial waste since 2008.In Morocco, Renault and Suez are expanding their collaboration. The French environmental behemoth's Moroccan affiliate has seen its contract to manage industrial trash at two locations extended. The Renault Express, the Dokker, and the Dacia Lodgy are.... Read more »

Posted on : Tuesday , 27th September 2022

Kenya: Iten town in Kenya will get a Sewerage System.

Elgeyo-Marakwet County officials in Kenya recently unveiled a new sanitation initiative. In the town of Iten, it entails the installation of a sewerage system. The initiative, which aims to improve sanitary services, is being carried out by the North Rift Water Works Development Authority (NRWWA).In the Kenyan town of Iten in Elgeyo-Marakwet County, new pipes will be used to drain effluent. The local government announced the sewerage project on.... Read more »

Posted on : Tuesday , 27th September 2022

Ethiopia's new wood and forest industry has a bright future.

Millions of people can become wealthy by investing in forests. The opportunity is obvious: Over the next 20 years, Ethiopia's need for wood and forest products is predicted to rise by 27%. More than half of the nation's population, or an estimated 57 million people, work full- or part-time in the forest industry, which now contributes 12.9% of the nation's GDP. More than 11 million rural families rely nearly entirely on wood for their.... Read more »

Posted on : Tuesday , 27th September 2022

The Singida Mine of Shanta Gold is scheduled to open in 2023.

After announcing its interim results for the first half of 2022, Shanta Gold gave an update on the Singida Gold Mine, which will start producing in Q1 2023 and become the company's second functioning mine in Tanzania. Singida will be Shanta's second working mine in Tanzania when development on it begins in late 2020. The firm will become a +100,000 oz/pa producer owing to this activity, which will also diversify its resource base. Singida.... Read more »

Posted on : Monday , 26th September 2022

Midroc Ethiopia's Next Business Venture: A 1 billion USD residential town project

The Mahmadya Residential Village Project by MIDROC Ethiopia is anticipated to be the country's largest exclusively private real estate project. The largest company in Ethiopia and a division of Midroc International, Midroc Ethiopia, is starting a new operation in the country's real estate sector. The company said last week that it has started a 50 billion birr (USD 1 billion) housing village development project in the Ethiopian capital.... Read more »

Posted on : Monday , 26th September 2022