Market News Page No. 34| Africa Business News

Kenya’s Crude Oil Production to touch 46,000 bpd in 2023

According to Tullow, oil from the Lokichar Basin is set to cost US$25/bbl. to extract and transport. However, the aspect of transportation is yet to be resolved, making their estimates doubtful.An examination by the Oxford Business Group indicates that there is a relatively high wax content in the oil, which could put a dampener on the final production price — likely to trade less than the global benchmark of Brent crude.NGO Oxfam.... Read more »

Posted on : Thursday , 12th March 2020

More than 1.5 Million Tanzanians to Receive Power from Market Leader, Greenlight Planet

Greenlight Planet, the market leader in the fastest growing pay-as-you-go (PAYG) solar industry, has successfully executed clean and reliable energy access to more than 1.5 million people in Tanzania. With a strong partner-led and direct distribution network, Greenlight’s Sun King products are now in more than 300,000 Tanzanian households, have offset more than 300,000 metric tons of greenhouse gas, and enabled more than 70 billion Tanzanian.... Read more »

Posted on : Wednesday , 11th March 2020

Mahindra launches locally assembled Scorpio pick-up vehicle in Kenya

Mahindra & Mahindra (M&M) through a partnership with Simba Corporation, which is a prominent commercial organization in Kenya, dealing in motor vehicle sales and service, recently declared the launch of its locally assembled Scorpio pick-up vehicle in Kenya. M&M mentioned in a statement that the introduction of locally assembled pick-ups that are custom built for the Kenyan terrain, is a solid step forward in this journey. This.... Read more »

Posted on : Tuesday , 10th March 2020

Deere taps tractor-hailing tech in bid to break ground in Africa

It's ride-hailing, farm style. Deere & Co. is pairing up with the "Uber of tractors" in Africa and betting on a prospect where farmers summon machines with the touch of a button.The world's leading farm equipment manufacturer is supplying its tractors with startup Hello Tractor's technology, which permits farmers to hail the machines through an app. It also monitors the vehicles' activities and communicates usage information such as fuel.... Read more »

Posted on : Monday , 9th March 2020

Industries In East Africa To Benefit From Continental Free Trade

The AfCFTA, which is the biggest trading bloc in the world after the WTO, is conceived to bring together Africa's 55 countries into a single market of 1.3 billion people with an annual economic output of over $3.4 trillion. That will drive industrialisation, the UN Economic Commission for Africa (UNECA). Officials must ensure that businesses can move goods freely across borders and customs rules and procedures are consistent. The.... Read more »

Posted on : Monday , 9th March 2020

Kenya and UK strategic partnership to strengthen healthcare sector

President Uhuru Kenyatta is seeking to forge a strategic partnership with the University of Manchester and Christie NHS Foundation aimed at strengthening the healthcare sector in the country. The partnership will see the University of Manchester and Christie NHS Foundation Trust collaborate with Kenyatta University Teaching Research and Referral Hospital (KUTRRH) in the prevention and management of non-communicable diseases with special.... Read more »

Posted on : Friday , 6th March 2020

Free Trade Agreement (FTA) Between Kenya & The U.S. To Enhance Its Trade & Investment Opportunities

Free trade improves prosperity for the citizens of all participating nations by allowing consumers to buy more, better-quality products at lower costs. Kenya Private Sector Alliance (KEPSA) and Corporate Council on Africa (CCA) signed an MoU to promote mutual interests through cooperation in the promotion of trade and investment opportunities in Kenya.This emphasizes the need to explore opportunities between Kenya and the USA on the.... Read more »

Posted on : Friday , 6th March 2020

TCI Telecomunicazioni Italia S.R.L to Spotlight Opportunities in the African Market

TCI is a worldwide known Italian Manufacturer leader in the production of electronic components for lighting applications. Our passion for Light dates back more than 30 years agoand has evolved over the time, always preserving the typical values of the Italian tradition: quality and reliability. TCI trust in the proactivity as the driving force of change and improvement. Currently its product range includes LED DRIVERS, LED MODULES, COBS,.... Read more »

Posted on : Thursday , 5th March 2020

Benchmark on Formulation of Petroleum Regulatory Authority by Kenya Delegation in Uganda

The Petroleum Authority of Uganda (PAU), the Ministry of Energy and Mineral Development (MEMD) and the Uganda National Oil Company (UNOC) introduced a Kenya delegation from the Ministry of Petroleum and Mines.The two-day official visit focused on benchmarking and familiarization as the republic of Kenya also follows to the process of setting up a Petroleum Regulatory Authority.The three institutions conducted a series of meetings with the.... Read more »

Posted on : Monday , 2nd March 2020

Toyota Kenya to add more car models to local assembly line

Toyota Kenya aims to add new models to their local assembly line. The motor vehicle manufacturer already assembles Land Cruiser pick-up trucks, Toyota Hilux locally and Hino trucks.The Managing Director of Toyota Kenya Limited, Mr Arvinder Reel said that they plan to present the new models from April to June, as they target to make it easier for Kenyans to purchase more first-hand cars. Local assembly makes that possible.Toyota Kenya, which also.... Read more »

Posted on : Monday , 2nd March 2020

Kenya Medical Supplies Authority In The Process Of Setting Up Regional Distribution Centres

An extra warehouse is likely to be completed by June at Kemsa headquarters in Embakasi, Nairobi, to boost storage. A system is already in place to make sure all commodities are tracked.The Kenya Medical Supplies Authority is in the procedure of setting up regional distribution centres in Kisumu and Mombasa. The facilities should be up and running by the end of March. The developments follow Kemsa's partnership with Postal Corporation.... Read more »

Posted on : Tuesday , 25th February 2020

The 3rd Ethiopia International Trade Exhibition 2020 at Addis Ababa

The much awaited 3rd edition of Ethiopia International Trade Exhibition 2020 was inaugurated today by H.E. Mr. YohannesDikayehuEba, State Minister, Ministry of Industry, Ethiopia. Held at the Millennium Hall in Addis Ababa, from 10:00 AM to 6:00 PM for the public till 26th of February 2020, it is the one place to source new products, services and technology from around the world. Ambassadors, trade delegations and representatives.... Read more »

Posted on : Tuesday , 3rd March 2020