Market News Page No. 20| Africa Business News

Zanzibar's Dream of a Wind Farm Is Getting Closer

IN an exciting development for renewable energy initiatives, Aseel Oilfield Services Limited and Sany Renewable Energy conducted a site visit to potential locations for a revolutionary wind farm in Zanzibar. This visit lays the groundwork for the development of the wind farm, which is expected to commence upon the signing of a Power Purchase Agreement (PPA) between Aseel Oilfield Services and the Zanzibar Ministry of Water, Energy, and.... Read more »

Posted on : Tuesday , 17th October 2023

Tanzania: Completed Implementation of the First Energy Efficiency Action Plan

THE government in collaboration with the European Union (EU) and the United Nations Development Programme (UNDP) is finalising implementation of Tanzania's 1st Energy Efficiency Action Plan project. The project seeks to ensure access to affordable, reliable, sustainable and modern energy for all in Tanzania. A key component of the action plan is to build capacities on energy management and audit, whereby practices can be implemented.... Read more »

Posted on : Tuesday , 17th October 2023

Recycled Materials to be Used To Construct Affordable Homes

Representatives in the trash recycling industry have pushed for affordable housing to be built using recycled beverage carton waste as building blocks.They claimed that in addition to being more cost-effective and time-efficient than traditional stone construction, the technology is also sustainable.Speaking at the signing of an agreement with Thika's Ramani Warehouse Ltd., a waste recycling company, representatives from the recycling industry,.... Read more »

Posted on : Thursday , 12th October 2023

Timber Wood Gains Traction in Africa’s Construction Sector

The 96-metre-high "Burj Zanzibar" is expected to open in the next years, offering a stunning new addition to Zanzibar's skyline. The most notable aspect of this structure is not its height, but the fact that it will be constructed primarily of wood. According to Milan Heilmann, Project Manager at CPS Zanzibar, the landmark project is meant to demonstrate to the globe the benefits of employing timber as a construction material. While the.... Read more »

Posted on : Wednesday , 4th October 2023

Ethiopia Will Produce Lada Vehicles for the African Market

Ethiopia will launch the creation of Russian Lada vehicles on its region for the African market, the nation’s Representative to Russia Cham Ugala Uriat has said. The move is huge as it shows why Ethiopia has joined BRICS - its low assembling cost base can help keep creation costs down while likewise giving admittance to the developing African market. "We'll see Russian Lada vehicles in adjoining nations soon, in light of the fact that.... Read more »

Posted on : Tuesday , 3rd October 2023

E-Mobility Company in Kenya to Manufacture 1000 EVs and Set Up 300 Battery Swapping Stations

By the end of 2024, an e-mobility start-up in Kenya plans to manufacturing electric vehicles (EVs) and build hundreds of battery swapping locations in Nairobi. Recently, ARC Ride and asset financing firm Watu Credit Limited announced their collaboration to expand Kenya's expanding e-mobility market. In Nairobi, ARC Ride manufactures electric cars and runs a Battery-as-a-Service business. By the end of 2024, Watu plans to produce 1,000.... Read more »

Posted on : Tuesday , 3rd October 2023

Annual Funding of Ksh1 Billion Would Be Provided for Renovation of Kenyan Airstrips

The Government of Kenya has set aside Ksh1 billion annually for Kenyan Airstrips, which will be used to promote freight and passenger transportation as well as the tourism industry by constructing and renovating airstrips located all around the country. The expansion projects, according to Cabinet Secretary of Transportation Kipchumba Murkomen, are primarily intended to accommodate large aircraft. The CS continued by stating that their.... Read more »

Posted on : Tuesday , 3rd October 2023

Kakamega Opens a Laboratory for Food Testing

Kakamega Province has finished the foundation of a research facility to test food tests to guarantee the wellbeing of purchasers. This was uncovered during a public support discussion for the 2023 Money Bill that was held at Kakamega Social Lobby. The province government has been shipping food tests for testing in Nairobi yet proceeding, tests for aflatoxin, fumonisins and dampness content will done at the research facility in.... Read more »

Posted on : Monday , 2nd October 2023

Tanzania highlighted as a market for investment

Tanzania was once again highlighted as a growth market, and diplomatic participation from Tanzania as well as the Australian government was encouraging for exploration businesses. Australia's investments in Tanzania are a clearly encouraging indication and a reflection of its commitment to reentering the continent with BHP's return to the Tanzanian nickel market. The inauguration of a consulate earlier this year demonstrates the.... Read more »

Posted on : Monday , 2nd October 2023

Kenya and a British Corporation Have Struck a Deal to Build a 1,000 MW Dam

The High Grand Falls Dam Construction Project, which will cost billions and began approximately ten years ago, has foreseen an important turning point as the Kenyan Government just signed the first agreement with the British Construction Company that was given the contract. The National Irrigation Authority and GBM engineering firm concluded a contract, and as a consequence, the project contractor has been granted permission to build an.... Read more »

Posted on : Monday , 16th October 2023

$3.24 Billion to be Invested in Tanzania SGR Construction by Spain

Tanzania SGR project foresaw another major step as country of Spain via Export Credit Agency has shown interest in the funding of of the Standard Gauge Railway (SGR) construction project by issuing loans, loans guarantees and insurance to the companies of the country that will be given the contract of establishing the railway which will run from Makutupora to Mwanza and from Tabora-Morogoro all the way to Malagarasi. This decision made by the.... Read more »

Posted on : Friday , 29th September 2023

Rwanda Signs An Agreement For A Nuclear Test Reactor

Nuclear research and development organization the Rwanda Atomic Energy Board (RAEB) has inked a deal with Canadian-German nuclear technology firm Dual Fluid for the development of a nuclear reactor pilot project in the East African country. The reactor is expected to be operational by year 2026 and will use a nuclear fusion prototype comprising 1 liquid fuel and 1 lead coolant of circulating fluids to produce low-cost energy. First testing.... Read more »

Posted on : Tuesday , 26th September 2023