Market News Page No. 73| Africa Business News | Afrotrade

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China pledged to promote bilateral trade ties with Uganda: FM

According to visiting Chinese State Councilor and Foreign Minister Wang Yi, China vowed to take bilateral trade between China and Uganda, as well as China and Africa, to new heights. Wang made the statements during a meeting with Ugandan Foreign Minister Jeje Odongo on the sidelines of the Forum on China-Africa Cooperation's Eighth Ministerial Conference (FOCAC). Wang said China will focus on the nine projects and take actual actions.... Read more »

Posted on : Tuesday , 7th December 2021

Tanzania's investment potential are attracting the attention of Polish firms

In order to expand ties and explore existing potentials between the two nations, Poland has identified areas where its companies are interested in investing in Tanzania. Krzysztof Buzalski, Poland's ambassador to Tanzania, recently stated that Polish companies were attentively examining investment potential on the Tanzanian market in fields such as agriculture, blue economy, mining, tourism, and Information and Communications Technology.... Read more »

Posted on : Monday , 13th December 2021

Bluetti Lights up the First Home in Africa Under Project LAAF (Lighting An African Family)

Considering Africa’s potential of generating enormous solar power, the current situation in the continent is gruesome and actually quite opposite considering the energy generation. Over640 a million people in Africa do not have access to energy, while only 40% of people have electricity connections. However, the per capita consumption is significantly lower at 180 kWh, while it is at 14000KWh in the US and 7500kWh in Europe.It is quite.... Read more »

Posted on : Thursday , 2nd December 2021

Kenya accelerates its PET collection and recycling agenda, thanks to Coca-Cola Africa.

Coca-Cola Beverages Africa is a subsidiary of Coca-Cola. Kenya's sustainability mission continues to be driven by PETCO Kenya and other programmes such as trash segregation at source efforts. Our aim of a Waste-Free World has seen encouraging trends in waste collection and recycling, which is already nearly double the 72 percent achieved in 2020. Susan Maingi, CCBA Kenya's Public Affairs and Communications Director, said the company.... Read more »

Posted on : Tuesday , 30th November 2021

Tanzania pledged urgent action and investment in more sustainable farming methods

Prof Siza Tumbo, the Deputy Permanent Secretary at the Ministry of Agriculture, said the Tanzanian government was working with a variety of partners to combat climate change in the agriculture sector. As a first mitigation strategy against climate change, he stated that Tanzania was dedicated to ensuring an appropriate supply of inexpensive, nutritious food was kept for the population. Second, irrigated farming is being promoted in.... Read more »

Posted on : Friday , 26th November 2021

Kenya becomes Africa's first country to have Climate Credit Facility launched for Agriculture.

ADAPTA, Africa's first climate adaptation credit facility for agriculture, was started in Kenya with support from the Bill and Melinda Gates Foundation of USD 1.5 million for Phase I. ADAPTA will create and test a cutting-edge loan underwriting platform that blends agricultural technology and climate-smart agriculture. To unlock finance for farmers and Agri-SMEs, ADAPTA proposes to employ climate scoring algorithms to change how banks.... Read more »

Posted on : Friday , 26th November 2021

SA based electric car maker sets up shop in Nairobi

Agilitee Africa, a South African-based electric car manufacturer, has opened a branch in Nairobi as it aims to grow into the East African market. Mandla Lamba, the business's Chief Executive Officer, stated that the company intends to spend Sh111.2 million in its Nairobi-based subsidiary, Agilitee East Africa. "We will formally begin operations in Kenya in early December of this year. We are already selling our goods, and the reaction.... Read more »

Posted on : Friday , 26th November 2021

Tanzania demands higher timber and wood supply

In Tanzania's fast developing economy, rising demand for timber and wood supply from industrial plantations and natural forests have created a new source of income for smallholder farmers in Tanzania's Southern Highlands, which is experiencing a tree-growing boom. Woodlots are becoming increasingly common in East Africa as a result of growing urban demand for lumber, electric poles for rural electrification initiatives, firewood, and.... Read more »

Posted on : Friday , 26th November 2021

Walkabout Resources expects to begin production at Lindi Jumbo in Q3, 2022, notwithstanding the hurdles posed by the COVID-19 epidemic.

The corporation has already hired a local contractor to handle the earthmoving and civil work on the job site. 'The contractor is currently putting all of the civils in place so that when the plant arrives from China, it can be installed.' We've also made the first payment to our EPC contractor (Yantai Jinpeng Mining Machinery Co. LTD) so they may finish the equipment we bought two years ago. The first shipment of the plant is expected to arrive.... Read more »

Posted on : Friday , 26th November 2021

French minister unveils electric vehicles in Tanzania

Franck Riester, France's Minister of Foreign Trade and Economic Attractiveness, formally presented the ecologically friendly electric automobiles developed by E-Motion Africa. E-Motion Africa was founded in 2019 with the goal of delivering an unique and easy solution to Tanzania's decarbonization dilemma by converting the diesel engine of safari vehicles into an electric motor driven by solar energy. "There is no gas emitted. It is.... Read more »

Posted on : Wednesday , 24th November 2021

Construction of the Sumbawanga Airport in Tanzania will start soon.

The actual building of Sumbawanga Airport, which is located in Rukwa Region, one of Tanzania's 31 administrative areas, is poised to commence following the completion of exploratory work, as recently revealed by Mgeni Mwanga, the Acting Regional Director of Tanzania National Roads Agency (TANROADS). TANROADS is an Executive Agency within the East African country's Ministry of Works, Transport, and Communications that is in charge of the.... Read more »

Posted on : Wednesday , 24th November 2021

Tanzania Rural Electrification Project: 10,361 Villages Connected To Electricity

Recently, Tanzanian Prime Minister Kassim Majaliwa announced that 10,361 villages out of the East African country's 12,317 villages had been connected to electricity by October 2021, owing to the ongoing Tanzania rural electrification project. Adjourning a two-week parliamentary session in the capital Dodoma, Majaliwa said that the number of villages connected to electricity was equivalent to 84.12% of the East African nation's.... Read more »

Posted on : Tuesday , 23rd November 2021

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