Market News Page No. 33| Africa Business News

Kenya has Great Potential to Become East African Auto Industry Hub

The automotive industry is recognized as an important contributor to Kenya’s manufacturing pillar under the Big Four agenda, which is anchored in Vision 2030, Kenya’s long-term development blueprint in which industrialization and economic transformation are crucial goals. This backdrop highly controlled the development of the National Automotive Policy by the Industrialisation ministry in 2019. Not many are aware of the history of.... Read more »

Posted on : Friday , 28th August 2020

Ethiopia to begin its first ever PPP program by constructing solar projects soon

Ethiopia has completed preparations to begin the primary phase of public-private partnership (PPP) program by launching the development of 2 solar projects coming two months, Ministry of Finance revealed.In an exclusive interview with ENA, Ministry PPP Director-General Tilahun Tadesse stated the country initiated its first ever public-private partnership (PPP) program by approving 17 projects on the basis of detailed identifications of the.... Read more »

Posted on : Monday , 24th August 2020

Kenya: Marco Borero wraps up financing for Nyeri solar PV project

The Marco Borero Company has recently closed the financing for its solar photovoltaic project in Nyeri in central Kenya. The solar power plant that will be linked to the grid will have a capacity of 1.5 MWp.The Nyeri solar project is now arriving at the construction phase. Marco Borero Company lately completed its financing with the partaking of numerous financial institutions, together with the Renewable Energy Performance Platform (REPP), a.... Read more »

Posted on : Monday , 24th August 2020

Webinar Organized on Ongoing Project in Kenya by Visionri

VisionRI, a global development consulting firm, recently organized a webinar for an ongoing project named 'Consultancy Services to Review and Update Oil and Gas Standards in Kenya'. The workshop was organized through the Webinar module of VisionRI's web-based project monitoring and evaluation tool Idea M&E. In about two hours of the 'Webinar-Validation Workshop-II', Team Leader Dr. Narendra Vashist addressed the workshop from VisionRI.... Read more »

Posted on : Thursday , 20th August 2020

Africa: Lighting Up Africa - Bringing Renewable, Off-Grid Energy to Communities

With a strong push for solar energy from the World Bank and the International Finance Corporation, life for thousands of Ghanaians is starting to change. The $220 million Ghana Energy and Development Access Project (GEDAP) is among the first Bank-financed programs to focus on comprehensive access to renewable energy through off-grid solar services and products.GEDAP is also exemplary of a larger push for inclusivity--the.... Read more »

Posted on : Thursday , 20th August 2020

Tanzania: Ewura Assures Bumper Oil Supply During Election

Energy and Water Utilities Regulatory Authority (EWURA) Tanzania announced that there will be massive importation of fuel to cater for the high demand for petroleum products during the forthcoming General Election.Tanzania is organised to hold the General election on Wednesday 28 October, with campaigns set to stretch from August 26 up to October 27.The authority noted in Dodoma that there was always a fuel business boom during elections,.... Read more »

Posted on : Wednesday , 19th August 2020

Kenya reveals Sh540bn nuclear power plant in Tana River

Kenya is set to build a $5 billion (Sh540 billion) nuclear power plant on a site in Tana River County over the next seven years with funding from private investors.The Kenya Nuclear Electricity Board (KNEB) in a regulatory filing with the National Environment Management Authority (Nema) revealed that the plant with an initial capacity of 1,000 megawatt (Mw) plant would be constructed through a concessionaire.The government looks to expand the.... Read more »

Posted on : Wednesday , 19th August 2020

Tanzania Government Trains Youth on Oil and Gas Analysis

Oil and Gas exploration fields now have every reason to smile after the government trained more than 350 youth on the fields that have been discussed with International Accreditation Certificates that enable them to work anywhere in the world.The training was taken place by the Tanzania Petroleum Development Corporation (TPDC) in collaboration with the Vocational Educational and Training Authority (VETA) and International Oil Companies (IOC's).... Read more »

Posted on : Thursday , 20th August 2020

CPTDC Wins Compressor Work from Orca Tanzania

China Petroleum and Technology Development Co. (CPTDC) has won work to provide natural gas compressors to Orca Energy in southern Tanzania.The Chinese company will design, supply, install and commission natural gas compressors within the Songas facility, on Songo Songo island. Orca said the new equipment would work with previously installed refrigeration to tackle declining reservoir pressure and maximise production.Orca signed the agreement.... Read more »

Posted on : Thursday , 20th August 2020

Kenya to Explore Bidders for 185,000 bl Crude Cargo

The Kenyan government plans to initiate taking bids for the second and final cargo from the country's pilot crude export scheme in September.The scheme which involved trucking oil from fields in the South Lokichar basin by road to the Indian Ocean port of Mombasa ended at the start of June, two years after it incorporated. Kenya exported its first ever crude cargo, a 240,000 bl shipment, in August last year as part of the pilot scheme. The.... Read more »

Posted on : Friday , 14th August 2020

Builders sets foot in Kenya with store in Nairobi

South African construction and building materials retailer, Builders, is set to open its first store in Nairobi this month as it expands into the East African region.The store, to be opened at the Waterfront Karen at the end of August, will bring the total number of Builders stores beyond South Africa to nine.Kenya, East Africa,s commercial hub, will join Botswana, Mozambique, and Zambia as regions with the firm's outlets outside the retailer's.... Read more »

Posted on : Tuesday , 11th August 2020

Ethiopian Government Launches Locally-Assembled Electric Car

Ethiopia has unveiled a locally-assembled electric car from Marathon Motor, a joint venture between Korean auto giant Hyundai and Olympic champion Haile Gebrselassie.Mr Haile delivered the vehicle to Ethiopian Prime Minister Abiy Ahmed."As we Transform Ethiopia's greening and climate-resilient aspirations into concrete actions through the Green Legacy initiative and Sheger and Entoto Parks, this morning I received the first electric car fully.... Read more »

Posted on : Monday , 10th August 2020