Market News Page No. 289| Africa Business News | Afrotrade

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Solar power company raises Sh2.25bn to connect homes

Solar power equipment distributor d.light has announced securing $22.5 million (Sh2.25 billion) for its PayGo business which provides homes with cheaper and clean power solutions. The company, which has reached more than 1.6 million Kenyan households, said it will spend a significant amount of the investment in the East African market. “Consumer financing for solar home systems makes the technology significantly.... Read more »

Posted on : Thursday , 22nd September 2016

Kenya Power honoured for its low-cost electricity project

Kenya Power has been named the most innovative firm at the African Investor's CEO Institutional Investment Summit awards for its aggressive electricity project targeting humble households. Kenya Power's World Bank-funded Global Partnership on Output-Based Aid project connects low-end customers primarily those in the rural areas and informal settlements with electricity. The firm has increased sales through the initiative.... Read more »

Posted on : Thursday , 22nd September 2016

Made in Mount Vernon: Home decorations

Rose Luangisa built her Mount Vernon-based home decorations business on having an eye for what looks good. So when interior decorators and gallery owners began coming to her home 20 years ago to buy African wood sculptures, they looked around her living room and asked about the decorations made for herself. "They would say, 'Oh, I really like that,'" said Luangisa, 48. Clients' interest in Luangisa's.... Read more »

Posted on : Wednesday , 21st September 2016

Global Bakery Packaging Market to Grow by 2020

The global bakery packaging market is expected to grow at a CAGR of around 4% during the forecast period, according to the latest market study released by Technavio. The research report titled “Global Bakery Packaging Market 2016-2020” categorizes the global bakery packaging market into three major segments based on the type of materials used for packaging: Flexible packaging; Rigid plastic packaging and Metal.... Read more »

Posted on : Wednesday , 21st September 2016

Columbia Asia Expands to New Continent with Columbia Africa

Columbia Asia, one of the largest and fastest-growing healthcare companies in Asia, is expanding its operations to Africa to serve the rising demand from the continent’s middle class for affordable, modern and efficient healthcare facilities The company’s first facility in Africa – a 5,300-square-foot multispecialty clinic and diagnostic center – opened this week in Nairobi, Kenya, a capital city with more.... Read more »

Posted on : Wednesday , 21st September 2016

Africa: Automotive Coating Gains Demand for Energy-Efficient Technologies

London — Upswing of automotive production in North America and Europe enhances growth opportunities for coatings, finds Frost & Sullivan's Visionary Science team Automotive original equipment manufacturers (OEMs) are concerned about the rising energy consumption at their paint shops and the resultant increase in carbon emissions. These environmental issues and OEMs' desire to accelerate production cycle times have.... Read more »

Posted on : Wednesday , 21st September 2016

How Data And Machine Learning Are Changing The Solar Industry

Like most sectors, the solar industry is rapidly embracing ways to analyze and crunch data in order to lower the cost of solar energy and to open up new markets for their technology. The rise of data tools—algorithms, machine learning, sensors—are driving investments in, and acquisitions of, solar startups, while entrepreneurs are launching new companies that are using data to solve various solar industry problems..... Read more »

Posted on : Wednesday , 21st September 2016

Transformation of Existing Energy Infrastructure in Sub-Saharan Africa Could Bring Electricity to 15.4 Million People

The research findings are derived from a method that identifies existing energy infrastructure. This shows that partial investment has already been provided, and managers as well as technicians continue to operate and maintain the infrastructure. The study authors built a custom-made multi-layer spatial analysis and used satellite night images to spot rural mini-grids. The study provided a map of three infrastructure categories:.... Read more »

Posted on : Wednesday , 21st September 2016

How Data And Machine Learning Are Changing The Solar Industry

Like most sectors, the solar industry is rapidly embracing ways to analyze and crunch data in order to lower the cost of solar energy and to open up new markets for their technology. The rise of data tools—algorithms, machine learning, sensors—are driving investments in, and acquisitions of, solar startups, while entrepreneurs are launching new companies that are using data to solve various solar industry problems..... Read more »

Posted on : Wednesday , 21st September 2016

Law on oil must drive prosperity

Kenya will soon join the ranks of oil exporting countries. President Uhuru Kenyatta announced that Kenya would pump and export an estimated 2,000 barrels of oil per day before the next general election. At the current oil prices, these petroleum exports will generate enough revenue to pay about 203 MPs their salaries and allowances for one year. But is Kenya prepared to navigate the slippery slope of the hydrocarbons bonanza? Can.... Read more »

Posted on : Wednesday , 21st September 2016

Rwf52 billion dairy project to benefit 100,000 households

A $65 million (Rwf52 billion) dairy development project that will directly benefit 100,000 dairy households in Rwanda, will be launched in January, 2017, according to Dr. Théogène Rutagwenda, Director General for Animal Resources at the Ministry of Agriculture and Animal Resources (MINAGRI). Dr. Rutagwenda told Sunday Times that the 5-year project supported by International Fund for Agricultural Development.... Read more »

Posted on : Wednesday , 21st September 2016

Egypt, Ethiopia, Sudan sign final contracts on Nile dam studies

Egypt, Ethiopia and Sudan have signed the final contracts for the long-awaited technical studies on the impact on downstream countries of a giant dam that Addis Ababa is building, Egypt’s state news agency MENA reported. The signing that took place in Sudan’s capital Khartoum on Monday was made between French consultancy firms BRL and Artelia, as well as British law firm Corbett, which will carry out studies on the potential.... Read more »

Posted on : Wednesday , 21st September 2016

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