Market News Page No. 69| Africa Business News

Minister for Africa visits to East Africa to strengthen economic ties

- Minister Vicky Ford visited to Kenya, Uganda, and Ethiopia to strengthen trade, educational, and health relationships, as well as tackle issues like conflict and drought. - Vicky Ford pledged £17 million in UK aid and one million COVID-19 vaccines to combat the region's drought. - The Minister also announced fresh investments in East Africa and spoke at the British International Investment (BII) regional launch, where she announced.... Read more »

Posted on : Wednesday , 13th April 2022

US$ 55M BOOST FOR DJIBOUTI-POWER SYSTEM INTERCONNECTION PROJECT

The World Bank's Board of Executive Directors has approved US$ 55M for the implementation of the Second Djibouti-Power System Interconnection Project which intends to strengthen regional connectivity between Ethiopia and Djibouti by improving low-cost and clean power transmission.The monies will particularly help fund the building of a second double-circuit high voltage energy power transmission line that will connect the high voltage substation.... Read more »

Posted on : Tuesday , 12th April 2022

Gold Sponsor Hd Led Aydinlatma A.S. All Set to Showcase LED Smart Lights at 07th Lightexpo Kenya 2022 from 12 to 14 May 2022 Nairobi Kenya

Hd Led Aydinlatma A.S, a Turkish company has signed up as gold sponsors at the most awaited event in Kenya “07th LIGHTEXPO, in order to explore and expand its magnificent foot holes in Africa market. HD LED LIGHTING brand is an organization where creative brain power, determination to work and knowledge come true.HD LED AYDINLATMA A.Ş. is a led lighting producer established 2017 in Istanbul/Turkey. Within 10.000 sqmt closed area producing.... Read more »

Posted on : Tuesday , 5th April 2022

Kenya's First Nuclear Plant Project Updates

The Nuclear Power and Energy Authority (NuPEA) has begun a thorough search for a suitable building location for Kenya's first nuclear power plant near the coast. According to NuPEA's Chief Executive Officer Collins Juma, the agency is presently undertaking a full site survey of the two regions to determine the optimal location for the 1000 megawatt nuclear power station, which is planned to begin in 2030. Kenya expects the nuclear power.... Read more »

Posted on : Friday , 1st April 2022

As new mine construction picks up speed, Akobo lays the foundation stone.

The foundation stone for Akobo Minerals' Segele mine in Ethiopia was laid at a ceremony. This is the beginning of the company's next phase of gold mining and production. Production is planned to begin by the end of 2022, with ramp-up continuing until 2023. Segele is expected to produce roughly 45,000 ounces of gold per year once it is fully operational. This might rise in the future, depending on new finds and processing facility.... Read more »

Posted on : Thursday , 31st March 2022

According to Tanzanian, Ugandan, and Guinean officials, Africa's future is bright, with ample investment prospects.

Three African officials stated during a discussion on the continent's development potential at the World Government Summit 2022 that the continent's future is 'bright,' with significant chances for foreign investment. Rt. Hon. Robinah Nabbanja, Prime Minister of Uganda, remarked that the "future of Africa is bright" during a session titled "The Rise of Africa: Strategies and Dynamics." 'The purchasing power is there,' she added, with.... Read more »

Posted on : Thursday , 31st March 2022

The Nairobi Expressway is getting its finishing touches.

The Nairobi Expressway project, which has been in the works since mid-2020, is almost finished, ushering in a new era in Kenyan road construction. The contractor is presently putting the finishing touches on the 27.1-kilometer elevated roadway, according to the Kenya National Highways Authority (KeNHA), in preparation for a scheduled test drive that would clear the way for the road's formal inauguration. 'Guided trials to test the.... Read more »

Posted on : Wednesday , 30th March 2022

Kenya's Food Security will be improved with new Solar Technology

Solar panels have been used to introduce a new technique aimed at increasing crop yield in Kenya. After a year-long study partnership between the University of Sheffield, World Agroforestry, and Latia Agri-business Center, the agrivoltaics technology, which involves capturing energy from the sun twice through the use of solar panels, was inaugurated at Isinya, Kajiado County. Solar panels are mounted three metres above the ground,.... Read more »

Posted on : Tuesday , 29th March 2022

Kenya, Africa's 3D printing powerhouse

Kenya has long been regarded as an African innovation hotspot. In Kenya, there are a number of companies that make use of 3D printing, and the country has a strong entrepreneurial and innovative culture. This has made 3D printing a highly practical and appealing technology, and if there's one thing that drives it all, it's Kenya's desire to develop its own solutions. Kenyans enjoy coming up with their own answers to issues, and 3D printing.... Read more »

Posted on : Tuesday , 29th March 2022

Tanzanian agriculture investment plans incorporate the Malabo Declaration.

Tanzania is one of the African countries that has adopted the famous Malabo declaration, particularly in terms of implementing all of the declaration's National Agriculture Investment Plans (NAIPs). This was said by the Ministry of Agriculture during the Malabo Policy Learning Event (MAPLE), which began with a video conference that was watched live by many stakeholders from around the continent. According to Ms Adella Ng'atigwa, the.... Read more »

Posted on : Tuesday , 29th March 2022

12 EU, African associations sign MoU to help the African auto sector grow

A historic memorandum of understanding (MoU) has been signed by twelve automobile organisations to accelerate the growth of the African automotive sector. A Memorandum of Understanding (MoU) was signed digitally between 12 Automotive Associations as part of the EU – Africa Business Forum 2022 with the goal of boosting the growth of the African Automotive Industry. While the automotive sector is critical to Africa's industrialization,.... Read more »

Posted on : Monday , 28th March 2022

Kenya's Stanbic Bank signed an import financing deal with two vehicle importers

MHH International Limited and World Navi Company Limited, two motor vehicle importers in Kenya, have formed an import finance cooperation with Stanbic Bank Kenya. With the signing of the agreement, consumers will get up to 80% financing from Stanbic Bank, with a 20% deposit paid to the importers and a payment period of up to four years. "Stanbic Bank intends to make it easier for our clients to get high-quality automobiles from foreign.... Read more »

Posted on : Monday , 28th March 2022