Market News Page No. 29| Africa Business News

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

$13.8 Billion Kenya-Ethiopia Railway Construction Plans Resume

Kenya-Ethiopia Railway construction will foresee resumption as the Government of Kenya has resumed its construction plans that are set to begin in the year 2025 to construct the high-speed electric train railway at a cost of $13.8 billion. The railway line is anticipated to run from the port situated in Lamu to Ethiopia and then later extend to South Sudan. The standard gauge railway that will cover a distance of 3,000 kilometers will link the.... Read more »

Posted on : Thursday , 24th August 2023

Kenya Will Produce Heavy Commercial Vehicles by End of Year – Kuria

Kenya will begin to locally gather weighty business vehicles before the years over, Speculations, Exchange and Industry Bureau Secretary Moses Kuria has reported. Kuria guaranteed that the nation will before long progress completely to dependence on privately gathered vehicles. "We have the ability to locally collect business vehicles, particularly the enormous trucks," he said. He talked in Mombasa during the send-off of Toyota.... Read more »

Posted on : Thursday , 24th August 2023

Ethiopia Advances toward an Automotive Future As Toyota Negotiations Continue

Authorities at the Service of Industry stay confident that Toyota will before long kick things off on a profoundly expected vehicle fabricating plant, however prerequisites and thoughts have delayed for north of a year. As defers in its ultimate conclusion continue, the Ethiopian government is seeking other significant automakers. During discussions in Tokyo last October, drove by Industry Pastor Melaku Allebel, Toyota illustrated.... Read more »

Posted on : Wednesday , 23rd August 2023

President of Kenya and UNCTAD Chief Meet

UNCTAD Secretary-General Rebeca Grynspan met today with President William Ruto of Kenya to examine the structural challenges confronting the area and deal UNCTAD's support. President Ruto expressed, "We firmly accept that UNCTAD is an essential accomplice for Kenya", underlining that exchange stays key to long haul practical financial development. He was joined by Industry, Exchange and Venture Bureau Secretary Moses Kuria. Ms..... Read more »

Posted on : Tuesday , 22nd August 2023

Tanzania's Future Fuel: Natural Gas' Revolutionary Potential

TANZANIA'S noteworthy petroleum gas abundance has turned into a distinct advantage, driving financial development and working on the existences of its residents. With huge stores dispersed the country over, the potential for monetary flourishing and worldwide impact is gigantic. This article takes perusers on an astonishing excursion through the revelation, use and difficulties of Tanzania's gas assets, featuring its pivotal job in the.... Read more »

Posted on : Tuesday , 22nd August 2023

Kenya's Ambition To Become East Africa's Petroleum Hub Is Becoming Shape.

Kenya is supporting its benefit over Tanzania in its offered to give oil based commodities in the East African area, with the country's bureau this week endorsing the Kenya Pipeline Organization's (KPC) obtaining of resources from the bankrupt Kenya Oil Treatment facilities Ltd (KPRL). KPC is assuming control over KPRL's 45 stockpiling tanks, which have a limit of 484 million litres, 254 million of which are assigned for refined merchandise.... Read more »

Posted on : Tuesday , 22nd August 2023

Kenya and Australia Sign a Memorandum of Understanding for Bilateral Cooperation

Kenya and Australia have signed a Memorandum of Understanding (MOU) to upgrade respective participation between the two countries. A joint assertion demonstrates that the debut Senior Authorities Talks occurred in Nairobi this week between Mr Ridwaan Jadwat, top of the Centre East and Africa Division of Australia's Branch of International concerns and Exchange, and Australia's High Magistrate to Kenya, Luke Williams, and their partners at.... Read more »

Posted on : Monday , 21st August 2023

Tanzanians Encouraged To Embrace Solar Energy

COMPACT Energies has urged Tanzanians to embrace solar energy solutions in homes, offices, and industries for an effective and reliable power supply on accelerating development of the country. Speaking after being crowned 1st Runner -Up in Solar Energy Company of the Year at the Africa Company of the Year Awards (ACOYA) ceremony held at Mlimani City, Compact Energies Managing Director Mr Ephraim Kimati pointed out that the solar energy has.... Read more »

Posted on : Thursday , 17th August 2023

D.Light Harnesses $125m to Boost Off-Grid Solar Solutions in Tanzania

d.light, a firm focused on household products and finance solutions for low-income households, has unveiled a successful $30m securitization facility. This facility, generously backed by the Eastern and Southern African Trade and Development Bank Group (TDB Group), is structured with the prowess to acquire up to a staggering US$ 125m worth of receivable assets. In essence, d.light champions the mission of providing affordable.... Read more »

Posted on : Thursday , 17th August 2023