Market News Page No. 18| Africa Business News

Under The Afcfta, Kenya Imports Refrigerators From South Africa

Under the terms of the African Continental Free Trade Area (AfCFTA), Kenya is importing its first shipment of electronics, industrial and agricultural goods, including refrigerators, from South Africa. Under the same programme, Kenya is anticipated to export fruits, vegetables, tea and coffee in exchange in the upcoming weeks. The first commercial exports from South Africa under the AfCFTA were inaugurated by President Cyril Ramaphosa.... Read more »

Posted on : Monday , 4th March 2024

Nairobi Receives Traffic Lights and CCTV at 125 Crossroads as Part of a China Agreement

As part of a Chinese-funded initiative to improve safety and streamline traffic for both cars and people walking, 125 crossroads in Nairobi will get new traffic signals and traffic video surveillance cameras. According to the Kenya Urban Roads Authority (KURA), a loan from the Exim Bank of China would be used to finance the project, which will be carried out by Chinese contractors. In addition to installing an advanced traffic.... Read more »

Posted on : Monday , 4th March 2024

IVI Establishes a New Country and Project Office in Kenya to Guarantee Sustainable Vaccine Manufacturing in Africa

The International Vaccine Institute (IVI), a global organization whose goal is to find, create and distribute safe, efficient and reasonably priced vaccines for global health, announced today that it will establish a Country and Project Office in Kenya to oversee the Advancing Vaccine End-to-End Capabilities (AVEC) initiative in Africa and other joint ventures in the areas of vaccine research, development and training with Kenyan.... Read more »

Posted on : Monday , 4th March 2024

Energy America Announces Expansion into Kenya

NAIROBI - as part of its endeavours to build a presence in East Africa, Energy America, a maker of solar modules, has extended its operations to Kenya. Employment opportunities are expected to arise from this relationship, particularly for residents of Nairobi, the capital of Kenya. The primary goal of Energy America is to supply utility, business, and residential markets with high-efficiency solar modules..... Read more »

Posted on : Friday , 1st March 2024

The Manufacturing Sector in Kenya is Urged by the Government to Adopt Sustainable Production Practices.

The Kenyan government has issued an invitation to producers to break free from the constraints of traditional manufacturing and create a new paradigm that incorporates circular design principles. The Kenya Association of Manufacturers (KAM) in collaboration with the Kenya Private Sector Alliance (KEPSA), the Ministry of Environment, Climate Change and Forestry (MoECCF), the Royal Danish Embassy, the National Environment Management Authority.... Read more »

Posted on : Friday , 1st March 2024

African Food Security Is To Be Increased By International Research Partnership By Means Of Crop Development.

To create better crop varieties that cater to the unique requirements and conditions of smallholder farmers in sub-Saharan Africa, a group of scientists and agricultural professionals from three continents have come together. In order to create better crop varieties that cater to the unique requirements and conditions of smallholder farmers in sub-Saharan Africa, a group of scientists and agricultural professionals from three continents.... Read more »

Posted on : Thursday , 29th February 2024

Kenya Power Aims To Save Sh2 Billion through Solar Power

Kenya Power says that a donor-funded initiative aimed at retrofitting expensive fuel off-grid stations with solar panels will save customers Sh2 billion annually. The stations would consume gasoline solely at night, according to Joseph Siror, managing director of the company, and will run on solar power during the day. According to Dr. Siror's statement earlier this week, "consumers will pay less for electricity because they will pay.... Read more »

Posted on : Thursday , 29th February 2024

200 MW of Renewable Energy Are Imported by Kenya from Ethiopia

NAIROBI - Kenya has imported 200 megawatts of renewable energy from Ethiopia, according to Energy Cabinet Secretary (CS) Davis Chirchir. This information comes at a time when Kenya is trying to completely embrace sustainable energy sources. The 30th Eastern Africa Power Pool (EAPP) was hosted by the CS, who claimed that the nation also exchanges energy with Uganda. He guaranteed that the country's dependable energy supply will.... Read more »

Posted on : Thursday , 14th March 2024

Smart Meters Boost Kenya Power's Revenue by Sh347 Million

According to Kenya Power, the company's annual sales have increased by Sh347 million as a result of the installation of 67,000 new smart meters. The company intends to install more of these meters in order to maximize collections from small enterprises. The meters were installed by the company in an effort to save operating expenses and commercial costs. The electricity provider revealed a 17.47 gigawatt-hour (GWHr) rise in revenues.... Read more »

Posted on : Wednesday , 28th February 2024

Water Mission Secures $1 Million Grant for Water Projects in Tanzania and Uganda

Over 53,000 individuals in Tanzania and Uganda will benefit from a safe water program grant that Water Mission and The Coca-Cola Foundation are working on together. Over the following two years, the $1 million funding will support ongoing infrastructure initiatives for safe water and sanitation in Tanzania's Dodoma region and Uganda's eastern region. Water Mission coordinates with state, municipal, and federal agencies to pinpoint the.... Read more »

Posted on : Wednesday , 28th February 2024

WTS Energy planning to explore opportunities in Rwanda and Uganda

Exciting strides are underway in the Oil & Gas sector, heralding a new era of prosperity for East Africa. WTS Energy, a leading global energy staffing provider headquartered in the Netherlands, views the East Africa Crude Oil Pipeline (EACOP) as a strategic gateway for its expansion into Uganda. Upon completion, this pipeline will facilitate the transportation of approximately 60,000 barrels per day from a refinery in Hoima, Uganda, to.... Read more »

Posted on : Wednesday , 28th February 2024

WTS Energy planning to explore opportunities in Rwanda and Uganda

Exciting strides are underway in the Oil & Gas sector, heralding a new era of prosperity for East Africa. WTS Energy, a leading global energy staffing provider headquartered in the Netherlands, views the East Africa Crude Oil Pipeline (EACOP) as a strategic gateway for its expansion into Uganda. Upon completion, this pipeline will facilitate the transportation of approximately 60,000 barrels per day from a refinery in Hoima, Uganda, to.... Read more »

Posted on : Wednesday , 28th February 2024