Market News Page No. 84| Africa Business News

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

Kenya Strengthens Bilateral Relations with India

Kenya and India have committed to collaborate in the fight against Covid -19, with a focus on promoting fair and affordable vaccine availability and treatment for all.CS for Foreign Affairs Amb Raychelle Omamo said they have noted the mutual desire to expand bilateral cooperation under the Kenya-India Joint Commission Framework during a joint wrap-up press briefing following a three-day visit to Kenya by India's External Affairs Minister, Dr.... Read more »

Posted on : Friday , 25th June 2021

India, Kenya To Explore Closer Maritime Security, Diversify Trade And Investment

India and Kenya will explore closer security cooperation, especially in the maritime domain, diversify 2 way trade and set up joint ventures as part of a comprehensive partnership. The agreement was reached following extensive talks External Affairs Minister S Jaishankar had during his 12-14 June visit to the East African country. The visit was significant as it took place ahead of the 4th India-Africa Summit New Delhi plans to host.... Read more »

Posted on : Thursday , 24th June 2021

Kenyan Trade Lobby To Promote Imports Of Chinese Machinery To Boost Industrial Sector

The Kenya National Chamber of Commerce and Industry (KNCCI), a business trade lobby, plans to promote imports of advanced Chinese machinery in order to boost the country's industrial sector, an official said on 2nd June 2021. Kariuki Theuri, chairman of economic diplomacy committee with KNCCI, told journalists in Nairobi that Kenya heavily depends on foreign manufactured goods. "We will promote imports of modern machinery from China in.... Read more »

Posted on : Thursday , 24th June 2021

Tanzanian Wood and Furniture Industries

Sawmilling and wood planing, veneer sheets and wood-based panels, builders' woodwork and joinery, wooden containers, various wood goods, and furniture are all part of the wood and furniture sector in Tanzania. The manufacture of wood and furniture is one of Tanzania's oldest businesses, with the first sawmills opening in the late 1950s and early 1960s. Furniture firms were nationalised in the 1960s and then restored to the private sector.... Read more »

Posted on : Thursday , 24th June 2021

Construction of longest bridge in Tanzania on track

Construction works on the longest bridge in Tanzania is on track. The country’s President Samia Suluhu inspected the works and confirmed the project stands at 27% complete. The government inked a contract with two Chinese contractors-the China Civil Engineering Construction Group (CCECG) and China Railway 15th Bureau Group Co Ltd for the execution of the bridge dubbed ‘Kigongo-Busisi Bridge’. The bridge plan dates back to 1977.... Read more »

Posted on : Thursday , 24th June 2021