Market News Page No. 19| Africa Business News

Cooling Plant Set up in Ol Kalou town

The completion of a Sh500 million potato cooling machine in Ol Kalou town was celebrated by hundreds of farmers. When President William Ruto officially launched the facility two weeks ago, he said: "If there had been a cooling facility by then, I would have put my potatoes there and waited for the prices to rise. We are relieved that our suffering is over.” The activation of the factory was excellent news for growers, according to Wilfred.... Read more »

Posted on : Wednesday , 10th May 2023

New Packaging Standards Have Been Introduced by E-commerce Startup Jumia Kenya.

Jumia Kenya, an online retailer, has stated that customers would now receive their online products in the manufacturer's original packaging without any additional wrapping from Jumia.This is in line with the business' most recent statement, which supports its ESG strategy focused at ecologically actions in the nations where it conducts business.Instead of additional Jumia-branded packaging, items including clothing and accessories, footwear,.... Read more »

Posted on : Thursday , 4th May 2023

The Kenyan Government and Moderna (Mrna) Have Finalised Their Agreement to Establish an MRNA Manufacturing Facility

A facility to provide Kenya and the African continent with access to manufactured mRNA vaccines, ensuring health security and advancing Moderna's commitments to global public health. Up to 500 million doses can be produced annually at the facility. An agreement to establish an mRNA manufacturing facility in the Republic of Kenya has been finalised by Moderna, Inc. (NASDAQ: MRNA) and the Government of the Republic of Kenya. The.... Read more »

Posted on : Friday , 28th April 2023

Turkana County in Kenya plans the construction of 1,200 Housing Units

Turkana County is now planning the construction of 1,200 Housing units. The county government will fund the project, which will benefit all six constituencies. According to the Kenya Urban Support Programme's National Project Coordination Team, led by Eng. Benjamin Njega. Njega was delighted that Turkana Central has access to 20 acres of land from the Lands Department to initiate the project. Additionally, he stated that in order to speed.... Read more »

Posted on : Thursday , 27th April 2023

Upgrading the Kenya-Taiwan Economic Relationship

We are excited to discuss the most recent developments in the trade and investment sectors. Mr. Richard Ngatia, President of the Chamber, met with His Excellency Ambassador Chenhwa Lou, Taiwan Representative in the Republic of Somaliland, also connected with Kenya, to discuss trade and investment potential. During the meeting, the Chamber President emphasized the need to increase trade and investment connections between Kenya and Taiwan. He.... Read more »

Posted on : Thursday , 27th April 2023

Tanzania signs contracts for rare earth and graphite projects worth 667 million USD

In an effort to expedite negotiations on pending mining and energy projects, Tanzania signed agreements worth 667 million USD with three Australian companies to mine rare earth minerals and graphite. Tanzania will own a 16% stake in each of the businesses that will be established in conjunction with Evolution Energy Minerals, Ecograf Ltd., and Peak Rare Earths to manage the projects, per the agreements with those companies. Palamagamba.... Read more »

Posted on : Thursday , 27th April 2023

The Ministry of Water and Sanitation Plans to Provide Samburu County Sh 500 Million for Water Development

The National Government Plans to Set Aside at Least Sh 500 Million via the Ministry of Water and Sanitation for Water-related Initiatives in Samburu County. The Initiatives Are Intended to Cope With the County's Persistent Shortage of This Essential Resource. Dr. Paul Rono, the County Government's Principal Secretary for Water and Sanitation, Had Approved an Agreement to Identify the Most Significant Initiatives in the County's Arid Region Where.... Read more »

Posted on : Thursday , 27th April 2023

KAM CEO Antony Mwangi's Assessment of the 20by30 Agenda

The William Ruto organization has set an objective for the assembling area's commitment to the GDP — a proportion of public financial result — to significantly increase from 7.2 percent in 2021 to 20 percent in 2030. The drive named Kenya Assembling 20by30 targets expanding "on valuable open doors accessible to spike neighborhood industry's development". Kenya Relationship of Producers (KAM) CEO Antony Mwangi addressed the Business.... Read more »

Posted on : Wednesday , 26th April 2023

Manufacturing Industry Is Expected To Contribute To The Growth Of The GDP. By 2030

By 2030, the manufacturing sector is anticipated to drive GDP growth. The growth domestic product (GDP) of Kenya is expected to increase by 15% by 2027 and 20% by 2030 as a result of the manufacturing sector. According to the finance ministry, the nation's economy will rise by 5.3% in 2022 and 6.3% in 2023.The Ministry of Investments, Trade, and Industry is taking the necessary steps to improve the goal's achievement in order to accomplish.... Read more »

Posted on : Wednesday , 26th April 2023

Making the Agriculture Sector Greener in Tanzania

Tanzania's horticultural sector presents significant opportunities for youth to earn lucrative incomes. However, the use of gasoline or diesel-powered irrigation pumps has negative environmental effects and is an expensive solution. To mitigate climate change and increase agricultural productivity, the Tanzania Renewable Energy Association (TAREA) partnered with the Dutch Embassy and the Climate Response Facility (CERF) to implement the.... Read more »

Posted on : Wednesday , 26th April 2023

Kenya to Combat Rural Energy Access Gap with Over 130 Solar Minigrids

The Kenyan Government, in partnership with the Kenya Off-Grid Solar Access Project (KOSAP), is developing 137 solar minigrids svtodd 12 of the country’s 14 counties. The project is financed by the World Bank, which approved an International Development Association (IDA) credit of US$150 million to fund the project back in 2017. The solar minigrids will electrify 567 public facilities, including secondary schools, health facilities,.... Read more »

Posted on : Wednesday , 26th April 2023

The EU provides $378 million to Kenya to power its electric BRTs

The European Union has provided Kenya with Ksh 50 billion ($378 million) to help with the electrification of the country's public transport infrastructure. The funding will allow Kenya to construct the infrastructure needed to improve the efficiency and cost-effectiveness of its bus rapid transit system. This development is the consequence of a recent meeting that took place at the European Union headquarters in Brussels, Belgium, between.... Read more »

Posted on : Tuesday , 25th April 2023