Market News Page No. 76| Africa Business News

Kenya courting investors from the United Arab Emirates to take advantage of the country's varied investment prospects.

Industrialization Principal Secretary Peter Kaberia advised businesses to use the Export Processing and Special Economic Zones in Lamu, Mombasa, Naivasha, and Nairobi to grow their operations in Africa during a virtual Kenya-UAE business conference. Kenyan imports from the UAE were estimated to be worth 18 billion shillings in 2020, while Kenyan exports to the UAE were estimated to be worth 4.2 billion shillings. Kenya has initiated a.... Read more »

Posted on : Tuesday , 13th July 2021

Tanzania's Special Department for Business and Investment is in the process of being established.

The government intends to create a specific department for business, investment, and industrial development in each of the 185 district councils, allowing regional business officials to handle business and investment in the country with complete authority. Geoffrey Mwambe, Minister of State in the Prime Minister's Office responsible for Investment, presented the proposal during a two-day seminar in Dodoma for regional business.... Read more »

Posted on : Tuesday , 13th July 2021

100MW Kipeto wind farm project in Kenya completed

The 100MW Kipeto wind farm project in Kenya has been completed. Pan-African developer BTE Renewables and Kenyan-owned renewable developer, Craftskills announced that all of the project’s 60 wind turbines are now producing power to the national grid. Located in Kajiado County, Kipeto is Kenya’s second-largest wind power project with a 20-year Power Purchase Agreement with KPLC. It is part of the former US President Barack Obama’s.... Read more »

Posted on : Monday , 12th July 2021

Rwanda gets $3.6m from EU to upgrade labs for Covid-19 jab production

Rwanda has inked a collaboration agreement with the European Union for Rwf3.6 billion ($3.6 million) to help enhance the country's laboratory capacity in order to attract companies to produce Covid-19 vaccines. The monies will be used to improve the Food and Drugs Administration's quality control for medicinal items, allowing the regulator to get World Health Organization certification (WHO). Rwanda Development Board Chief Executive.... Read more »

Posted on : Wednesday , 7th July 2021

Kenya Based Medical Firm Exports Medical Supplies to Tanzania

A medical equipment manufacturing business headquartered in Kilifi has secured a contract to deliver medical equipment to Tanzania. Tanzania has bought 11 million Covid-19 vaccination syringes from Revital Healthcare EPZ Ltd, which has ordered the 2ml, 5ml, and 10ml vaccine syringes. This comes on the heels of Kenya and Tanzania's improved relationship since President Samia Suluhu entered office in March of this year. Since.... Read more »

Posted on : Wednesday , 7th July 2021

AECF Launches a $1.2 Million Innovation Fund to Unlock Renewable Energy Potential to Create New Businesses in Africa

The African Enterprise Challenge Fund (AECF) has launched a $1.2 million Innovation Fund to unlock the potential of renewable energy to create new business opportunities.Businesses and entrepreneurs in Burkina Faso, Ethiopia, Kenya, Liberia, Mali, Mozambique, and Zimbabwe can apply for funding. The fund is aimed at strengthening market readiness of emerging innovations, as well as secure financial, technical, and networking support for taking.... Read more »

Posted on : Wednesday , 7th July 2021

KALRO and the EU financed MARKUP in Kenya with the promotion of new agricultural technologies

In order to improve quality and safety standards on export markets, the Kenya Livestock Research Organization (KALRO) and the European Union (EU) financed the Market Access Upgrade Programme (MARKUP) have launched a new agriculture technology to reproduce macadamia and passion fruit-free, high-induction crop crop material. A phytologist at the KALRO Center for Macadamia, Antony Nyaga, said that the need for exceptional nuts became ever more.... Read more »

Posted on : Thursday , 1st July 2021

The Government of Tanzania lists priorities to encourage agriculture

The Ministry of Agriculture has identified seven areas where the government will focus in the 2021/22 fiscal year to support the major economic sector's growth. Research, seed development, and extension services are among them. Others include expanding the area of land available for irrigation farming, boosting agricultural crop markets, providing access to low-cost agricultural loans, and improving pest and crop disease.... Read more »

Posted on : Thursday , 1st July 2021

NAEB Rwandan Upgraded its packing house to secure export safety

The Rwandan National Agricultural Export Development Board (NAEB) has upgraded a packing house to help the country's produce meet international market standards for quality and safety. The CEO of NAEB, Amb. Willian Bill Kayonga, and Ton Negenman, First Secretary at the Embassy of the Kingdom of the Netherlands in Rwanda, both presided at the opening of the new building. A packing house is a place where fresh horticulture produce, such as.... Read more »

Posted on : Wednesday , 30th June 2021

New guidelines for the production of packaging paper published by KEBS

The Kenya Bureau of Standards (KEBS) has accepted new guidelines for Kraft paper production. The guidelines detail the sample and testing criteria for Kraft paper used in the packaging of fatty, oily foods as well as dry foods like sugar and flour, as well as bread bags, shopping bags, wrappings, and laminates. “Kraft paper is suggested for eco-friendly packaging since it is created from biodegradable, recyclable material, which.... Read more »

Posted on : Wednesday , 30th June 2021

Exploration activity in Ethiopia with a $2.7M drill program announced

East Africa is organising to initiate a fully funded $2,700,000 exploration program which was declared in early 2021.Giant Exploration Company has recently an updated on the ongoing exploration of its gold and copper, zinc projects in the Federal Democratic Republic of Ethiopia.After productive consultations with government officials in Addis Ababa last week, the Company is looking forward to building on the success attained over the past 10.... Read more »

Posted on : Monday , 28th June 2021

Proton Exports Hit 669 Units in May

PROTON Holdings Bhd hit a 98-month high in export sales in May 2021, selling 669 units.Steven Xu, Proton's worldwide sales director, stated at the start of the year that the company's objective for 2021 was to rapidly increase Proton's export sales volume. “Despite international restrictions and the rising cost of shipping caused by the coronavirus, we were confident of being able to meet our goals due to the sales plans of our importers.... Read more »

Posted on : Friday , 25th June 2021