Market News Page No. 20| Africa Business News

Salvador Caetano introduces the new generation Ford Raptor & Everest in the Kenyan market

Ford Motor is the second-biggest American automaker in Kenya, and Caetano Kenya, a car dealership with Portuguese support, has stepped up its efforts to promote the sale of Ford vehicles there. This happens after a successful deal to distribute Ford cars solely in Kenya was signed. This week saw the opening of a brand-new Ford Showroom on Mombasa Road by Caetano Kenya, a group of businesses owned by the Salvador Caetano group in Portugal..... Read more »

Posted on : Wednesday , 10th January 2024

Africa Healthcare Network Receives $20 Million in Funding for a Continent-wide Expansion Led by Africa50 and Africinvest.

Africa Healthcare Network (AHN), a leading provider of dialysis services in Africa, has received a $20 million equity and debt investment from Africa50 and AfricInvest, two leading African institutions, as well as Tokyo-based Ohara Pharmaceutical Co., Ltd.The funding will allow AHN to expand more quickly and address significant gaps in the availability of high-quality, affordable renal care throughout Africa.Africa50, the lead investor, invests.... Read more »

Posted on : Wednesday , 10th January 2024

Enhancing Kenya's Reforestation Initiative

As part of its commitment to planting and caring for up to six million trees in Kenya, AstraZeneca is utilising artificial intelligence's deep learning capabilities to guarantee the trees' long-term growth and enable significant health benefits for the surrounding populations. President of the African Cluster, Deepak Arora. AstraZeneca has committed to planting as many as six million trees in Kenya as part of its flagship AZ Forest.... Read more »

Posted on : Monday , 8th January 2024

Ethiopia aims to achieve complete industrial self-sufficiency in three years

Within the next three years, the Ministry of Industry plans to meet the nation's need for food, beverages, apparel, and textiles through domestic manufacture by announcing a number of ambitious goals. The Ministry of Industry has presented an ambitious plan to meet the country's food, beverage, textile, and clothing needs fully through local manufacturing within the next three years, therefore reducing the nation's dependency on.... Read more »

Posted on : Monday , 8th January 2024

Kenya Gives Go-Ahead to Massive $3.6 Billion Nairobi-Mombasa Expressway Project

Under a public-private partnership (PPP), the 473-kilometer Nairobi-Mombasa Expressway has been approved for its initial phase of construction. This was disclosed by the Treasury, which made it possible for the road construction project to go into the development stage. The Nairobi-Mombasa Expressway project, according to the Treasury, is anticipated to eliminate the severe traffic jams and lethargic speeds between Mombasa and Nairobi. It.... Read more »

Posted on : Tuesday , 2nd January 2024

Prime Minister Kassim Majaliwa's Points Route to Elevate the Nation's Mining Sector

Financing mining projects nationwide is one of the six strategies that Prime Minister Kassim Majaliwa has identified for the nation to improve its mining sector. He emphasised that in order for mining projects to be funded nationwide, financial institutions must have access to the necessary information. He highlighted that financial institutions need to have access to the required data in order for mining projects to be funded nationally..... Read more »

Posted on : Tuesday , 2nd January 2024

How Africa is set to blow past the rest of the world on electric motorcycles

Europe is chugging along slowly but surely in the transition from noisy, polluting combustion engine motorcycles to quiet, efficient electrics. Asia has already made impressive progress, and North America is, well, making an attempt. But Africa could be poised to leap past everyone as several countries adopt ambitious plans to put millions of electric motorcycles on the roads.Much of Africa is dominated by motorcycles, which are especially.... Read more »

Posted on : Friday , 22nd December 2023

Narok County Government Initiates Borehole Project, Paving the Way for Improved Water Access

The Narok County Government is commencing a borehole project with the goal of providing more water to the community. The government spent Sh12 million on the borehole project, which took place in Ilkiragarien, Suswa Ward, Narok East Sub County. Governor Patrick Ntutu announced during the project's introduction that 38 boreholes have been drilled and outfitted around the county since the County Integrated Development Plan (CIDP) for 2022–2023.... Read more »

Posted on : Tuesday , 12th December 2023

WHERE TO INVEST IN AFRICA 2024

Amidst the global highs and lows, Africa emerges as a beacon of opportunity, inviting investors to explore a wealth of potential in the coming year.Renowned Kenyan businessman and financial expert, Nazir Jinnah, shares insights on key areas ripe for investment, highlighting the continent's untapped potential.Jinnah emphasizes the growing momentum in Africa's embrace of sustainable practices, particularly in renewable energy projects.With solar.... Read more »

Posted on : Tuesday , 12th December 2023

Kenyans Switch to Chinese-Made Solar Floodlights to Illuminate Their Homes.

The world's biggest retail network of Chinese-imported electronics and electrical goods is located in Nyamakima, a shopping district in Nairobi, Kenya, where dealers from all over the country congregate. Retailers here purchase goods in large quantities from China and resell them to other merchants. Bulk couriers deliver packages throughout the nation, especially to South Sudan and Uganda, which are nearby. But the thing that stands.... Read more »

Posted on : Friday , 8th December 2023

Partnership talks between InspiraFarms Cooling and Celtic International

The process of purchasing Celtic Cooling's African operations has been disclosed by InspiraFarms Cooling, a prominent supplier of cooling systems throughout Africa. InspiraFarms Cooling is taking advantage of this golden opportunity to make a contribution towards increasing its market share in Africa. There are numerous benefits to incorporating the Celtic businesses located in Ethiopia, Ghana and Kenya into InspiraFarms Cooling's.... Read more »

Posted on : Thursday , 7th December 2023

Ethiopia and UAE's AMEA Power Sign $600 Million Wind Farm Agreement

Ethiopia has signed an agreement with United Arab Emirates' AMEA Power for the construction of a 300 megawatt wind farm at a cost of USD 600 million, its finance ministry said on 1st December 2023. The Horn-of-Africa nation is turning to renewable energy to boost electricity coverage, which stood at 50 percent of the population in 2020 according to the World Bank, leaving 60 million people outside of the grid. The Aysha wind farm will.... Read more »

Posted on : Wednesday , 6th December 2023