Market News Page No. 25| Africa Business News | Afrotrade

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KENYA: ElectriFi Invests $3m in Solar Energy Provider Solarise

Solarise Africa is again getting funding from the Electrification Finance Initiative (EDFI ElectriFI). The European Union (EU)-funded facility, managed by EDFI Management Company, is injecting $3 million into the South African company’s capital to expand its operations in Kenya. In the East African country and elsewhere on the continent, the company finances and builds solar photovoltaic power plants that are then leased to commercial and.... Read more »

Posted on : Wednesday , 11th January 2023

ETHIOPIA: 4th Resource to Assess Geothermal Resources in Two Regions

Canadian company 4th Resource has been awarded a licence by the Ethiopian authorities to conduct geothermal surveys in 2 regions. The planned studies will measure the intensity of the geothermal resource with a view to developing this renewable energy in Ethiopia. Ethiopia wants to increase the share of geothermal energy in its energy mix. As part of this policy, the Ethiopian Ministry of Mines is granting a geothermal reconnaissance permit.... Read more »

Posted on : Monday , 9th January 2023

TANZANIA: Julius Nyerere Hydroelectric Dam Impoundment Launched

Tanzanian authorities are launching the filling of the reservoir of the Julius Nyerere hydroelectric dam on the Rufiji River. The facility will power the turbines of a 2,115 MW hydroelectric plant, one of the largest in East Africa. News on the Rufiji hydroelectric project in Tanzania. Authorities in the East African country are beginning to impound the dam, which is being built in the heart of the Selous Game Reserve in the Pwani region,.... Read more »

Posted on : Monday , 9th January 2023

Tanzanian Ministry of Health's partnership to provide sickle cell patients with high-quality care

To guarantee sickle cell sufferers receive top-notch medical care, the Ministry of Health has partnered with other healthcare organisations. Through neonatal screening, treatment, and increased public knowledge, the Public Private Partnership (PPP) with some organisations, such as the Tanzania Non-communicable Diseases Alliance (TANCDA), aims to reduce the number of infant fatalities from Sickle Cell Disease that can be avoided. During.... Read more »

Posted on : Tuesday , 27th December 2022

Kenya and the Netherlands improving access to healthcare through bolstering health systems

14 Dutch companies are travelling to Kenya to increase private sector Dutch involvement in Kenyan healthcare. to interview decision-makers, businesses, and academic institutions in order to thoroughly research Kenya's healthcare system. Additionally, by going to different hospitals and other medical facilities in Nairobi and Kisumu. The tour will assist these companies in locating market prospects and, with any luck, result in numerous.... Read more »

Posted on : Tuesday , 27th December 2022

Boost in Tanzania's ports operations as trade elevates

In the recent fiscal year, cargo handled by Tanzanian ports climbed by 14.9% to 19.8 million tonnes as businesses recovered from the Covid-19 outbreak as a result of better port infrastructure. The country's cargo handling increased from 17.19 million tonnes in a comparable period the previous year to 19.8 million tonnes in the year to June 2022, according to the Bank of Tanzania (BoT). According to the central bank's consolidated.... Read more »

Posted on : Tuesday , 27th December 2022

Ethio-Russia Joint Ministerial Commission Meeting in Addis Discusses Trade and Scientific Cooperation

The Ethiopian Ministry of Foreign Affairs in Addis Abeba opened the 8th Joint Ministerial Commission (JMC) meeting between Ethiopia and Russia. The three-day joint ministerial commission conference covered topics pertaining to economic, scientific, technical, social, and commercial issues between the two countries, according to MoFA. High-ranking representatives from the two nations attended the meeting's opening, including Evgeniy.... Read more »

Posted on : Tuesday , 27th December 2022

Investing in Africa is a wise business decision and a long-term company strategy.

Now is the best time to make an investment in Africa. However, because overseas investment choices are frequently painstakingly overstructured, investors have not rushed to the region as quickly as expected. An important contributory component is too much risk. However, risks and profits go hand in hand; high-risk undertakings are typically correlated with larger earnings. The world's most profitable continent is Africa. According to a.... Read more »

Posted on : Tuesday , 27th December 2022

The World Bank's IFC has invested Sh40 billion for the Nairobi-Mau Summit Highway.

The move is probably going to help the Sh190 billion project get extra money. The Sh190 billion Nairobi-Mau Summit Highway has received a financing commitment from the International Finance Corporation (IFC), a division of the World Bank, in the amount of Sh40 billion (USD 320 million). The international financier is anticipated to approve the release of the money in the fiscal year 2023–2024 after publishing the project's.... Read more »

Posted on : Tuesday , 27th December 2022

Marula Mining: Getting to the top quickly in East Africa

Identifying an existing opportunity, seizing it, and promoting its growth are sometimes the best strategies to take. The London-listed Marula Mining is utilizing this strategy as it expands its presence across the continent, particularly in East Africa. This tactic is already benefiting rewards. CEO JASON BREWER provides more information to GERARD PETER. Marula concentrates on the African battery metals market. Its goal is to create a.... Read more »

Posted on : Monday , 26th December 2022

Equator Mobility, an EV leasing company, is expanding in Kenya

Equator Mobility, formerly META Electric, is expanding its activities in Kenya with the goal of quickening the shift to electric mobility. It began operations last year with the introduction of a B2B leasing programme with the possibility of direct sales for commercial electric cars, seed-funded by Maris Ltd, an Africa-focused investment firm. Lease terms range from 6 to 12 months. The goal has always been to bridge the gap between business.... Read more »

Posted on : Monday , 26th December 2022

OOMCO expands its operations in Tanzania and Saudi Arabia

Oman Oil Marketing Company (OOMCO) has opened 23 service stations in Saudi Arabia and Tanzania. These positions are part of the company's regional expansion strategy for its one-stop-shop network. The new Saudi forecourts include three filling stations in Jeddah, Al Dhahran, and Al Safwah, bringing the company's total footprint in the Kingdom to 12 points of sale. Meanwhile, the Oman-based company has opened its 11th service station in.... Read more »

Posted on : Monday , 26th December 2022

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