Market News Page No. 33| Africa Business News

The German Auto Industry Doubles Down On Africa

In August last year, just as the global auto industry began to spot green recovery after the worst coronavirus carnage, German carmaker Volkswagen unveiled its first vehicle assembled in Ghana, the Tiguan SUV, in the existence of Ghanaian President Nana Addo Dankwa Akufo-Addo.The event marked the official opening of the VW's first vehicle assembly plant in the West African country and the fifth in sub-Saharan Africa; the other locations are in.... Read more »

Posted on : Monday , 8th February 2021

KENYA: Biotherm Connects Its 100 MW Kipeto Wind Farm to the Kenya Power Corporation Grid

Independent Power Producer (IPP) BioTherm Energy is connecting its Kipeto wind farm to the grid of the state owned Kenya Power Corporation (KPLC). The 100 MW facility will be brought into commercial operation in the upcoming months. The Kipeto wind farm is entering its test phase. After 2 years of work, the installation has just been connected to the Kenyan national electricity network. This operation will be followed by many tests, as well.... Read more »

Posted on : Monday , 8th February 2021

KENYA: Clir Renewables to Optimise Production at Lake Turkana Wind Farm

Clir Renewables, a provider of software solutions for clean energy generation facilities, signs an agreement with Lake Turkana Wind Power. The purpose of this partnership is to improve the operation of the 310.25 MW Lake Turkana wind farm. Optimising the production of the Lake Turkana wind farm. This is the purpose of the partnership that now links its owner Lake Turkana Wind Power and Clir Renewables. This technology solutions provider.... Read more »

Posted on : Monday , 8th February 2021

Green Food Packaging Market in East Africa

Today's companies call for creative and superlative strategies to succeed in this rapidly changing marketplace. With Green Food Packaging, businesses can gain unprecedented insights and awareness of the best business prospects in their relevant markets. Due to rising demand at the end user level, the market will witness growth during the forecast period. The green food packaging market will hit an approximate size of USD 311.7 billion by.... Read more »

Posted on : Tuesday , 26th January 2021

ELSEWEDY ELECTRIC All Set to Explore Africa at 6TH POWER & ENERGY 2021 from 24th to 26th March

"ELSEWEDY ELECTRIC" has signed up as Gold sponsor at the most awaited event in Tanzania "6th POWER & ENERGY", in order to explore and expand its magnificent foot holes in Africa market. "ELSEWEDY ELECTRIC" is an ISO 9001:2015 certified company engaged in Designing, Manufacturing & Testing of excellent quality Transformers since Year 1983.The Company breeds a spirit of technical innovation and specializes in designing and.... Read more »

Posted on : Monday , 8th February 2021

FAO and UN to invest Shs 7 million in Climate Smart Agriculture

The Food and Agriculture Organization (FAO) and United Nation Women (UN) have formally kicked off a Shs 7 million project aimed at strengthening women’s capacity to meaningfully engage in Climate Smart Agriculture (CSA). The four-year project in three Arid and Semi-Arid Lands (ASAL) Counties of Laikipia, West Pokot and Kitui is funded by the Korea International Corporation Agency (KOICA). The project seeks to promote an approach to.... Read more »

Posted on : Thursday , 21st January 2021

The Competitiveness in Ethiopia's Horticulture Sector

The higher management of the Ministry of Agriculture and other stakeholders recently held discussion on options of expanding the horticulture investment and the national project of boosting avocado production in areas with potential and suitable climate. Ethiopia has a great opportunity for horticulture development due to the favorable climatic conditions, fertile soils, huge irrigation potential and affordable manpower. The sector has.... Read more »

Posted on : Thursday , 21st January 2021

Isuzu Back in Tanzania Market with New Dealership

Isuzu East Africa is back on the Tanzanian market with the introduction of a dealership run by its new distributor—Al Mansour Auto EA (Tanzania) Limited.The Japanese vehicle manufacturer, initially represented in Tanzania by Quality Motors Limited, are lacking from the market for three years."We are thrilled to re-establish our occurrence in Tanzania through our dealer Al Mansour Auto Limited," Rita Kavashe, Chief Executive Officer of Isuzu,.... Read more »

Posted on : Thursday , 21st January 2021

Cheki Kenya Brings in 100% Auto Financing

Leading online auto market Cheki Kenya has launched a 100% auto finance service in partnership with major banks across the country to help ease the financial burden of car purchases in Kenya.Cheki Finance's 100 percent car loan service provides quick loans to buy locally and imported used vehicles and brand new cars listed on the site.An average of 8000 listings appear on the site on a monthly basis with a traffic volume of 1 million visits per.... Read more »

Posted on : Tuesday , 12th January 2021

Eni Examines Mombasa Refinery Conversion

Eni and Kenya have held discussions on several potential green plans in the East African country, including the conversion of the Mombasa refinery.Kenyan President Uhuru Kenyatta met with Italian CEO Claudio Descalzi last week. They talked about various green initiatives with the aim of providing communities with "efficient and sustainable" access to energy.The two sides discussed a multi-year plan for the collection of waste and agricultural.... Read more »

Posted on : Tuesday , 12th January 2021

Tanzania to Resume Oil & Gas Negotiations in 2021

The Tanzania Petroleum Development Corporation (TPDC) is optimistic that the Host Government Agreement (HGA) negotiations between the government and International Oil and Gas Companies on the liquefied natural gas will resume in January 2021.This is after they stalled for about a year after the decision of the Government to review the Production Sharing Agreements (PSAs). According to reports, Tanzania is seeking to scrap sections of the.... Read more »

Posted on : Monday , 11th January 2021

Kenya & United Kingdom Sign Trade Agreement

Kenya and the United Kingdom on 8th December 2020 formally signed a trade agreement in London. Betty Maina, Trade cabinet secretary signed on behalf of Kenya while Ranil Jayawardena, international trade minister signed on behalf of the UK. The trade deal will enable Kenyan exporters to continue accessing the UK market under a duty free, quota-free arrangement. The deal specifically touches on coffee, tea, fresh vegetables and cut.... Read more »

Posted on : Monday , 11th January 2021