Market News Page No. 29| Africa Business News

Africa Climate Summit Will Call for Investment in the Region

According to Kenya's president, Africa has the opportunity to "guide the globe" in terms of climate change. As he got ready to kick off a historic climate summit in Nairobi, the goal was to reposition the continent as a burgeoning hub for renewable energy. The inaugural African Climate Summit comes before a flurry of diplomatic gatherings running up to the COP28 climate summit in the oil-rich United Arab Emirates in November, which is.... Read more »

Posted on : Tuesday , 12th September 2023

Kenya Signs Three Trade Agreements for Green Investments

With the goal of transforming food security and air travel, Kenya has signed three agreements with Sweden, South Africa and Hong Kong that promote environmental protection. This occurred at a pre-African Climate Summit side event in Nairobi in 2023. As part of the agreement with the Swedish company Cool Go Green, food preservation will be powered by sunshine in an effort to cut down on food waste and post-harvest losses. In the.... Read more »

Posted on : Tuesday , 12th September 2023

Olympus to Begin Development Support Project in Kenya for Gastrointestinal Disease Diagnosis

Olympus Corporation (Olympus), a global MedTech company dedicated to making people's lives healthier, safer, and more fulfilling, announced today the launch of the "Kenya Endoscopy Human Resource Development Support Project for the Diagnosis of Gastrointestinal Diseases" to promote endoscopic care in Kenya, where endoscopists are in short supply. This programme is supported by the National Centre for Global Health and Medicine of Japan's.... Read more »

Posted on : Monday , 11th September 2023

Continental Solar Energy Start-up Challenge Winners Include 3 Companies

3 Rwandan companies have been awarded among winners of the SolarX Start-up Challenge championed by International Solar Alliance (ISA), an alliance of over 100 signatory countries, most being sunshine countries, which lie either completely or partly between the tropic of Cancer and the tropic of Capricorn. They include Centennial Power Limited, OffGridBox Rwanda Limited and STES Group Limited. All were declared winners on September 2. At the.... Read more »

Posted on : Wednesday , 6th September 2023

Tanzanians Are Urged To Use Solar Energy

Conservative Energies has encouraged Tanzanians to embrace solar energy arrangements in homes, workplaces, and industries for an effective and reliable power supply on accelerating development of the country. Talking subsequent to being delegated first Sprinter - Up in Solar Energy Company of the Year at the Africa Company of the Year Awards (ACOYA) function held at Mlimani City, Minimized Energies Overseeing Chief Mr Ephraim Kimati brought.... Read more »

Posted on : Wednesday , 6th September 2023

Tanzanian uranium exploration by AuKing Mining gets under way

According to Paul Williams, CEO of AuKing Mining Ltd, the business has begun planned exploration at the Mkuju Uranium Project in southern Tanzania. Parts of a significant radiometric anomaly zone close to the renowned, Russian-owned Nyota Uranium Project will be the focus of the initial 3,000-meter drilling and related soil survey operation. In the Mkuju region, roughly 470 kilometers southwest of Dar es Salaam, AuKing now holds six.... Read more »

Posted on : Wednesday , 6th September 2023

See the $1.1 Billion Project That Will Transform the Markets of Kenya and Tanzania

The sale to readapt the now-defunct state-owned Kenya Petroleum Refineries Ltd (KPRL) was finalized by Kenya, clearing the way for a gas pipeline to run from Dar es Salaam to Mombasa. The feasibility assessment has been finished, according to Davis Chirchir, the Kenyan Cabinet Secretary for Energy and Petroleum, and will soon be followed by the signing of a transnational agreement for the project. “The defunct KPRL will now be under.... Read more »

Posted on : Tuesday , 5th September 2023

Kenya Seeks a $150 Million AfDB Loan for Power

Kenya is seeking a Ksh21.66 billion ($150 million) loan from the African Development Bank (AfDB) to connect homes to electricity under the 3rd phase of the Last Mile Connectivity project. The AfDB disclosed that the Treasury has applied for the $150 million in a review of the programme to be rolled out before the end of this year to light up an estimated 150,000 homes in 45 counties that exclude Nairobi and Mombasa. Kenya Power started.... Read more »

Posted on : Tuesday , 5th September 2023

Governor Johnson Sakaja to set up Kenya's Biggest Wood Furniture Industry

The initiative for aggregation and industrial parks, which is aimed at 27 Priority Counties, would soon enable Nairobi City County Government to establish the Nation's First Wood Furniture Business. Executive, commercial, and hustler opportunities Nairobi City County was one of the 27 Counties selected to execute along the CAIPs project, as stated by Maureen Njeri, and financing for it has been granted for the current fiscal year. A Wood.... Read more »

Posted on : Monday , 4th September 2023

Tanzania's Kidunda Dam Project in Top Gear

The Dar Es Salaam Water and Sewerage Authority (DAWASA) expects to spend $425.9 billion in the 2023–2024 budget year on the implementation of seven water projects, consequently the Kidunda Dam Project's operations are scheduled to continue. The dam has been hailed as an immediate measure for regulating water flows in the Ruvu river, an essential water supply for Dar Es Salaam and the Coast areas that accounts for more than 90% of the total.... Read more »

Posted on : Friday , 1st September 2023

Ethiopia Government and World Bank Sign $730 Million Corridor Project Agreement

The Addis-Djibouti Corridor project has taken a significant step forward, with the Ethiopian government recently signing a $730 million corridor project deal with the World Bank, which will support the upgrade of the main transport route which passes between Addis Ababa City and Djibouti. The Ethiopian Ministry of Finance revealed this in a statement, stating that the Horn of Africa Regional Economic Corridor Project, which will be overseen.... Read more »

Posted on : Tuesday , 3rd October 2023

Kenya's Enormous Potential as an East African Vehicle Manufacturing Hub

Kenya is strategically located between a port and enormous landlocked countries. The East African Community (EAC), which includes the Democratic Republic of the Congo (DRC) and Rwanda, has a population of little more than 300 million people. The Great Lakes Region's fledgling socio-political stability is going to provide a significant boost to regional business in the trade bloc. Kenya has friendly bilateral diplomatic and commerce.... Read more »

Posted on : Friday , 1st September 2023