Market News Page No. 2| Africa Business News

Libya Shines Bright with Solar Streetlight Project, Boosting Sustainability and Economic Growth

Libya is lighting the way towards a brighter and more sustainable future with its innovative solar streetlight project in the municipality of Qasr Al-Akhyar, located east of Tripoli. This visionary initiative seeks to replace traditional street lighting with state-of-the-art solar-powered systems, significantly improving public lighting while reducing dependence on conventional energy sources. A collaboration between the Ministry of Local.... Read more »

Posted on : Wednesday , 9th April 2025

In order to encourage industrialization, the government is driving manufacturing investments. (PS) at Kenya.

Dr. Juma Mukhwana, principal secretary for industry, has urged Kenyans to put money into the nation's manufacturing sector, claiming it has the capacity to spur economic growth and industrialization.Using shared production facilities established by the government at County Aggregation and Industrial Parks (CAIPs), Dr. Mukhwana said the State was enticing both domestic and foreign investors to enter the profitable industry. The PS stated that.... Read more »

Posted on : Friday , 4th April 2025

Chinese automaker JMC makes its debut in Kenya

In collaboration with Chinese manufacturer Jiangling Motors Corporation (JMC), Caetano Kenya has introduced the Vigus range of locally produced cars targeted at Kenyan professionals under the JMC brand in Kenya. The locally built JMC Vigus pickups, which use Completely Knocked Down (CKD) kits manufactured in China, will be sold by Caetano. It is anticipated that the agreement will boost employment, encourage skill development, and support.... Read more »

Posted on : Thursday , 3rd April 2025

Africa's First Regional Oxygen Production Network is Extended into Tanzania by Unitaid and Its Partners

Tanzania will now be included in Unitaid's East African Program of Oxygen Access (EAPOA), a US$22 million project aimed at creating sustainable medical oxygen supplies throughout sub-Saharan Africa. Tanzania is now beginning the second phase of the initiative, which was first introduced in Kenya in October 2024. Today's formal ground breaking ceremony in Dar es Salaam was attended by His Excellency Prime Minister Kassim Majaliwa. Prime.... Read more »

Posted on : Thursday , 3rd April 2025

China Provides Kenya With A Sh1.8 Billion Grant To Improve Hospitals

The government of Kenya received a Sh1.8 billion grant from China to upgrade important hospitals across the country, which has boosted the country's healthcare system. The agreement was signed at the Treasury Building this morning by Guo Haiyan, the ambassador of the People's Republic of China to Kenya and Treasury Cabinet Secretary John Mbadi. "This grant is a significant step in strengthening our healthcare infrastructure and.... Read more »

Posted on : Thursday , 3rd April 2025

TOYO to expand by 2 GW to Ethiopia's solar cell capacity

The Vietnamese solar solutions business TOYO has revealed plans to expand its capacity from 2 GW to 4 GW at its Ethiopian solar cell production facility. To increase output, TOYO plans to invest $47 million. Next to its current automated production location in Hawassa, Ethiopia, the company intends to lease a 28,000 square meter facility. With a 2 GW production capability, the company has finished building the first phase of the solar.... Read more »

Posted on : Wednesday , 2nd April 2025

Brighter Future: LED Lighting Revolutionizes Energy Access in Nigeria

As Nigeria strives for improved energy access and sustainability, innovative solutions are shaping a brighter future. One of the most transformative developments is the widespread adoption of LED lighting, offering a game-changing approach to power efficiency and affordability. LED lighting is emerging as a key solution, offering multiple benefits. It consumes significantly less power than traditional bulbs, reducing electricity costs and.... Read more »

Posted on : Wednesday , 2nd April 2025

Tanzania Signs $385 Billion Deal to Build East Africa’s Largest Conference Centre

The Arusha International Conference Centre (AICC) has entered into a cooperation agreement with the Public Service Social Security Fund (PSSSF) for the construction of the Mount Kilimanjaro International Conference Centre (MKICC), an a cutting-edge conference Centre valued at more than Sh385 billion. MKICC is expected to be completed in two years and operational by 2027, making it East and Central Africa's largest conference centre. The.... Read more »

Posted on : Tuesday , 1st April 2025

Marula Mining approves 5-year budget for Kilifi operation in Kenya

Marula Mining PLC, a mining and development firm with an African focus, is happy to report that the board of the firm has approved the five-year budget for the operation of the Kilifi Manganese Processing Plant, which is situated in Kenya's Kilifi County's Tezo Area. Following the recently signed 5-year Agency Framework Contract with Baosteel Resources South Africa (Pty) Ltd, the 5-year budget has been approved. As announced on March 4, 2025,.... Read more »

Posted on : Tuesday , 1st April 2025

Kenya Kericho County Funds the Kipsigori Dam Water Project with Sh18.6 Million

To increase residents' access to clean water, the Kericho County administration has spent Sh18.6 million to expand the Kipsigori Dam Water Project in Kedowa Kimugul Ward, Kipkelion East Sub-County. The initiative includes important improvements like desilting, rehabilitation, the installation of a solar-powered pump, the construction of an 8-kilometer pipeline, the erection of raised steel tanks, and the completion of two.... Read more »

Posted on : Tuesday , 1st April 2025

A Danish Company to Invest Sh1.3 Billion in the Solar Equipment Market in Africa.

The company has contributed $3.2 million (Sh413.4 million) since 2022 to extend safe water access programs throughout Africa, and this builds on that investment. In the medium-to-long term, the company, which creates reasonably priced, solar-powered water filtration systems for marginalized and disadvantaged populations, hopes to raise up to $10 million (Sh1.3 billion).The company's long-term commitment to Africa as a key operating base.... Read more »

Posted on : Thursday , 27th March 2025

EPRA Releases Draft Regulations to Boost Kenya's Energy Sector

The Energy and Petroleum Regulatory Authority (EPRA) has proposed three extensive draft laws to improve consumer protection, safety, and dependability in Kenya's energy industry. The plans, which are now out for public comment, are intended to address significant aspects of energy management, such as incident reporting, service quality, and licensing procedures. According to EPRA Director in Charge of Electricity and Renewable Energy,.... Read more »

Posted on : Wednesday , 26th March 2025