Market News Page No. 32| Africa Business News

Solar Freezers for the Win at the Afcfta Caravan Prize-Giving

The African Continental Free Trade Area (AfCFTA) Caravan Prize celebrates Africa’s SMEs, start-ups, social enterprises and innovator entities keen on harnessing the benefits that will be created by AfCFTA to expand continentally and flourish at the grassroots. Growing out of the earlier AfCFTA Vision and Caravan Africa competitive grants programmes, the Caravan Prize aims to invent transformative ideas to expedite AfCFTA implementation. A.... Read more »

Posted on : Thursday , 18th November 2021

KENYA: CDC, Norfund, Standard and Citi Provide $75 Million Credit to Greenlight

British investor CDC Group is partnering with Norfund, Standard Bank and Citi to open a $75 million line of credit for Greenlight Planet Kenya, the subsidiary of Greenlight Planet. The company will use the local currency financing to accelerate the deployment of its solar home systems in Kenya. Good news for Greenlight Planet. The Kenyan subsidiary of the solar home systems provider now has a USD 75 million local currency (Kenyan shilling).... Read more »

Posted on : Thursday , 18th November 2021

Kengen’s Plan To Advance Renewable Energy In Kenya

Speaking during the Accelerating Clean Technology Innovation and Deployment panel discussion at the COP26 World Leaders Summit in Glasgow, Scotland, MD and CEO of KenGen, Rebecca Miano said the company is committed to the fight against climate change and is supporting the Government of Kenya’s ambition to achieve 100 per cent utilisation of renewable energy by 2030. “Our future project pipeline, which is mostly green, includes.... Read more »

Posted on : Wednesday , 17th November 2021

TANZANIA: UNIDO Will Use Waste to Produce 1.4 Mwh of Electricity

The state-owned Tanzania Electric Supply Company estimates the electricity needs of Mafia Island in the Pwani Region at 2,200 kWh. Currently, the 60,000 residents of Mafia meet a large part of this need (2,180 kWh) with generators, which emit carbon dioxide. The project “Promotion of Waste-to-Energy (WtE) Applications in Tanzania’s Agro-Industries” initiated by the United Nations Industrial Development Organization (UNIDO), aims to.... Read more »

Posted on : Wednesday , 17th November 2021

Tanzania Is Attempting To Expedite Clearance of a $30 Billion LNG Project as Crucial Talks Begin

Tanzania, Shell, and Equinor have began discussions on a major host government agreement (HGA) for a $30 billion liquefied natural gas project.Hundreds of billions of barrels of oil will be transported from Uganda to Tanzania's Tanga port.Under the late President John Magufuli's government, the Tanzania LNG project floundered.Since becoming president, Samia Hassan has made it clear that she wants to accelerate the transition to first gas as.... Read more »

Posted on : Thursday , 11th November 2021

Kenya Plans to Switch Oil Plants to Lng as Part 0f a Climate-Friendly Grid Initiative

Kenya wants to remove or convert heavy fuel oil-fired power facilities to liquefied natural gas by 2030 as part of its transition to a climate-friendly electricity infrastructure.According to Isaac Kiva, renewable energy secretary at the Energy Ministry, the state-owned Kenya Electricity Generating Co., or KenGen, is conducting a feasibility assessment on reconfiguring the thermal power facilities that now account for roughly 7% of the system.... Read more »

Posted on : Wednesday , 10th November 2021

Why focus is on smart cities in Africa

Africa is projected to maintain its streak as the fastest urbanising region in the world, with new forecasts showing its cities and major towns will be home to an additional 866 million people in just 30 years. To sustain the cities, African universities are engineering tech solutions. Smart city technologies are being touted as a solution for Africa's urban planning challenges as the continent's cities and towns record the world's highest.... Read more »

Posted on : Wednesday , 10th November 2021

Africa's LED and OLED Displays and Lighting Products Market Prospects, Regional Scenario, and Current Opportunity Analysis 2021-2027

The African LED and OLED displays and lighting products market is anticipated to be worth US$ 1088.9 million. During the projected period, the growing prevalence of smartphones in emerging economies, owing to rapid development of telecommunications infrastructure, is expected to boost growth of the Africa LED & OLED displays and lighting products market.Various countries in Africa such as South Africa, Nigeria, Egypt, Senegal, Kenya, Ghana,.... Read more »

Posted on : Wednesday , 3rd November 2021

Kenya's automotive industry is poised to expand throughout the continent

The automotive sector in Kenya has seen a significant increase in local automobile sales as a result of President Uhuru Kenyatta's decree given in 2019 pushing all government departments to buy locally produced cars in an effort to further the objective of the 'Buy Kenya Build Kenya' campaign.Under President Kenyatta's Big 4 Economic Agenda, the government put aside cash last year to purchase automobiles from local assemblers as part of an.... Read more »

Posted on : Friday , 29th October 2021

Tanzania: New Plastic Bottle Regulations are in the Works

The government is planning new restrictions that are likely to lessen the use of non-recyclable and environmentally unfriendly plastic bottles. Soft drink makers will be compelled to package their products in transparent polyethylene terephthalate (PET) plastic bottles, rather than colourful bottles whose recyclability is deemed to be unimportant for environmental improvement. In the recycled materials market, clear plastics are always.... Read more »

Posted on : Wednesday , 27th October 2021

Kenya has pledged to sign a new treaty on the management of plastic waste.

The Kenyan government has just announced the commencement of a new plastics accord. The goal of this programme is to progress toward a more sustainable management of plastic trash, which is a major cause of pollution in the environment. Thanks to a pact, Kenya's campaign against plastic pollution is taking a new direction. The effort, known as the Kenya Plastics Pact (KPP), brings together enterprises, local governments, researchers,.... Read more »

Posted on : Wednesday , 27th October 2021

Kenya & U.S signed private sector trade agreement

President Uhuru Kenyatta observed the signing of a comprehensive private sector agreement, which aims to promote trade and investment between Kenya and the United States of America. The agreement, signed by the Kenya Private Sector Alliance (KEPSA) and the Corporate Council on Africa (CCA), establishes a framework for Kenyan and American businesses, particularly small and medium-sized enterprises (SMEs), to collaborate through information.... Read more »

Posted on : Tuesday , 26th October 2021