Market News Page No. 20| Africa Business News

Tanzania and Rwanda Agree To Expand Trade and Energy Relations

Vincent Biruta, Rwanda's minister of foreign affairs and international cooperation, and January Makamba, Tanzania's minister, pledged to strengthen bilateral relations between their two nations in a number of areas, such as infrastructure, trade, and energy. During his four-day working visit, Makamba stated that Tanzania would "continue to make it easier for Rwanda to use the port of Dar es Salam for its international trade.".... Read more »

Posted on : Monday , 1st April 2024

Increased Avocado Yields Present Karakuta In Kenya With Additional Opportunities

Karakuta, a Kenyan avocado grower, is increasing the amount of Hass it produces by expanding into Tanzania and making additional investments in clonal technology. One of Kenya's fastest-growing agribusinesses, Karakuta is based in Juja, Kiambu County, 45 minutes from Nairobi, the country's capital. It specializes in Hass avocados and fresh herbs. 15,000 well-watered avocado trees that are five years old make up the plantation; the fruit is.... Read more »

Posted on : Friday , 29th March 2024

Italian Businesses Want A Slice Of Kenya's $14 Billion Wine Market.

Industry stakeholders in Kenya claim that new trends are being driven by the country's expanding, well-informed wine market. Over the past few years, Kenya's wine culture has grown rapidly, drawing in a constant stream of inquisitive and discriminating wine enthusiasts. Italian wineries have recently expressed interest in the area, hoping to popularise and develop the Italian wine and cuisine culture in East Africa, while South African.... Read more »

Posted on : Friday , 29th March 2024

Tanzanian Government Grants Licence to Strandline's Tajiri Mineral Sands Project

A special mining licence (SML) for the Tajiri mineral sands project has been approved by the Tanzanian government. Strandline Resources, an emerging critical minerals producer, is now able to continue on with discussions with possible strategic and offtake partners, including joint venture opportunities. The ASX-listed Nyati Mineral Sands, a joint venture between Strandline and the Tanzanian government in which Strandline owns 84% and the.... Read more »

Posted on : Monday , 22nd July 2024

Suba South Water Project Launched at Sh. 60 million

After a water project was implemented that aims to service over 24,000 residents, the people of Suba South are immensely happy. The non-governmental organization World Vision carried out the project using funding provided by the Japanese government, which totaled Sh. 60 million. The project, according to Suba South Member of Parliament Caroli Omondi, is crucial to the battle against communicable diseases in isolated.... Read more »

Posted on : Thursday , 28th March 2024

$112 Million Contract Signed for the Construction of Dr. Samia Suluhu Hassan Stadium in Tanzania

Tanzania, Kenya, and Uganda are co-hosting the 2027 AFCON, Africa's largest international men's football championship. In preparation of that, Tanzania recently inked a $112 million agreement for the construction of the anticipated Dr. Samia Suluhu Hassan Stadium in the Arusha region. The signing ceremony took place at the Benjamin Mkapa Stadium in Dar es Salaam. During the event, Tanzania's Minister of Culture, Arts, and Sports, Dr. Damas.... Read more »

Posted on : Thursday , 28th March 2024

Kenya: A Nation Rich In Packaging Opportunities

The industry is expected to increase at a compound annual growth rate (CAGR) of roughly 4.8 percent between 2021 and 2026, indicating that it will adapt to changing market conditions. Although it is still difficult to obtain national figures, there is a wealth of information about important areas of Kenya's packaging sector, such as market trends, new prospects and successful business plans. Kenya, one of the most industrialised.... Read more »

Posted on : Monday , 11th March 2024

In Order To Accelerate Digital Transformation In Africa, Ericsson And MTN Group Have Extended Their BSS Modernization Agreement.

Using Ericsson Charging and Ericsson Mediation, together with Ericsson Dynamic Activation, MTN Group is developing and investigating new and inventive capabilities, including 5G and IoT use cases. The collaboration paves the way for MTN Group's sustained success and expansion as it pursues its Ambition 2025 vision and moves closer to being a cloud-native organization. In order to continue providing MTN with two key solutions.... Read more »

Posted on : Tuesday , 5th March 2024

Encouraging sustainable wood in Kenyan green construction for resilient, low-carbon development

When environmental services are taken out, the forest sector accounts for 3.6% of Kenya's GDP1, which is a significant contribution to the country's socioeconomic development. The industry provides non-timber forest goods and services, such as wood fuel, to both urban and rural populations. At the moment, the industry supports up to 50,000 direct jobs and about 600,000 indirect jobs. Compared to its potential, which can be realised through.... Read more »

Posted on : Tuesday , 5th March 2024

Nairobi unveils the Roam Move electric shuttle bus

Leading provider of electric mobility solutions, Roam, has officially launched its Roam Move electric shuttle bus, starting the process of progress. In an environmentally conscious effort to transform urban mobility, the Roam Move joins the company's electric mass transit bus, the Roam Rapid, to usher in an exciting new chapter in its history. The Roam Move is a pledge to a cleaner, greener future for Kenya, not just another way to get.... Read more »

Posted on : Monday , 4th March 2024

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