Market News Page No. 35| Africa Business News

Kenya Railways has begun work on the Nairobi Railway City initiative.

The projects will involve constructing a public square and a new stop for the Nairobi Central Railway. Phase 1 of the Nairobi Railway City project, which is anticipated to cost KES12 billion (USD 95 million), has begun construction by Kenya Railways. The project's groundbreaking event took place at the Nairobi Central Railway station in December. The Nairobi Railway City, a multimodal, transit-oriented, and urban development.... Read more »

Posted on : Thursday , 23rd February 2023

Tanzania Will Begin Trading Coffee Under AFCFTA Market In July.

Espresso will be the primary Tanzania's item to exchange under the African Mainland Streamlined commerce Region (AfCFTA) market in July this year, the Clergyman for Speculation, Industry and Exchange, Dr Ashatu Kijaji has said. As of late, the public authority declared that from July first, this year, it will begin trading ten kinds of items to the AfCFTA market for the country to profit from a coordinated African market of over 1.3 billion.... Read more »

Posted on : Friday , 17th February 2023

Tanzania's President Mwinyi Sees Opportunity in Horticultural Sector

Zanzibar President Hussein Mwinyi guided the rural service to team up with all partners to support creation of plant produce in the country for home-grown and send out business sectors. Dr Mwinyi additionally reported significant changes in his drive to prod the cultivation business to meet home-grown and send out business sectors. "We need to make a solid effort to satisfy the home-grown need and investigate the colossal open doors in.... Read more »

Posted on : Friday , 17th February 2023

The Business of a Kenyan Woman Turns Recycled Plastic Into Bricks.

Nairobi, Kenya's capital, is home to the startup Gjenge Makers, which was founded by Nzambi Matee. Her company turns plastic garbage into five to seven times more durable bricks than concrete. Matee not only founded the business, but she also created the machinery used to make the bricks. She receives free low- and high-density polyethylene and polypropylene plastic from nearby packing facilities to make strong building materials.She sources.... Read more »

Posted on : Friday , 3rd February 2023

Africa welcomes the timely completion of a historic disease control project supported by China

The timely completion of the China-aided Africa Centers for Disease Control and Prevention (Africa CDC) headquarters project has sparked hope across Africa, as the continent now has a stronger public health agency capable of advancing health initiatives and dealing with public health disasters. Senior officials from the African Union (AU) Commission and the Africa CDC, as well as representatives from African countries, Chinese officials,.... Read more »

Posted on : Friday , 3rd February 2023

Tanzania: EU Ambassadors Give Mwauwasa Projects a Thumbs Up

Last week, an ambassador representing European (EU) nations visited Mwanza and many projects, including the ongoing Butimba Water Treatment Plant (WTP).The Ambassadors at the location acknowledged their happiness with the project's progress, which is over 60% complete. The cooperation of the EU and its member states helped to finance the works to create the pumping and filtration station for the provision of water in Mwanza, according.... Read more »

Posted on : Tuesday , 31st January 2023

Tanzania has begun construction on Phase 4 of the SGR, which will connect Tabora and Isaka.

The Tabora-Isaka leg of the Standard Gauge Railway's foundation stone was placed on January 18, 2023 by Tanzania's Vice President, Dr. Philip Isdor Mpango (SGR). The portion is 165 km long (130 km + 35 km of intersections), and it is situated in the Shinyanga area. The parts are being built by the Turkish firm Yapi Merkezi, and they should be finished in March 2026 after a 42-month construction period. Vice President Mpango.... Read more »

Posted on : Tuesday , 31st January 2023

Getting the most out of Tanzania's timber industry

Tanzanian people are being empowered to manage forests in a sustainable manner.97% of the 48 million hectares of forest in Tanzania are primary forests. Due to the rising need for raw materials and their byproducts, many anticipate that these assets will open up new income prospects for the Tanzanian labour force. In the woods of southeast Tanzania, hardwood timber is one of the more valued natural resources. For rural populations that.... Read more »

Posted on : Tuesday , 31st January 2023

Kenya would serve as an export hub for Africa, according to a proposal unveiled by the ministry.

ANTARA: Jakarta In order to establish Kenya as an export hub for Africa, the Coordinating Ministry of Maritime Affairs and Investment revealed its strategy. "We just arrived from Africa last night. We came from Zimbabwe, the Congo, and Kenya. Currently, we are looking at the Indonesian market there "According to Septian Hario Seto, deputy of investment coordination and mining at the Coordinating Ministry of Maritime Affairs. The.... Read more »

Posted on : Friday , 27th January 2023

Kenya Eyes More Regional Trade after Pact with Two Blocs Kicks Off In March

Kenya could soon start exporting its goods outside the East African Community (EAC) market with the implementation of a tripartite agreement that is expected to be implemented in March this year. The free trade pact that brings together 3 regional business blocs the Common Market for Eastern and Southern Africa (Comesa), EAC and South African Development Community, was mooted seven years ago. However, it stalled after it did not meet.... Read more »

Posted on : Thursday , 26th January 2023

KNCCI Boss Richard Ngatia Lauds Kenya, DR Congo Trade Ties

Business persons from Kenya and the Democratic Republic of Congo (DRC) recently met to discuss trade opportunities under the theme ‘unlocking trade opportunities in East Africa and the Region’. The meet was organized by the Kenya National Chamber of Commerce and Industry (KNCCI) in collaboration with the East Africa Chamber of Commerce and Industry (EACCIA), the Embassy of Kenya in the DRC, and the Federation of Congolese Enterprises.... Read more »

Posted on : Thursday , 26th January 2023

Ampersand will deploy 600,000 electric motorcycles in East Africa by 2030

Mobility startup Ampersand wishes to expedite the development of electric mobility in East Africa. To that purpose, the business has announced the deployment of 600,000 electric motorcycles over the next six months. The two-wheelers will first be utilised in Kigali, Rwanda, where the firm is situated, as well as Nairobi, Kenya, and Kampala, Uganda. Ampersand already boasts 35,000 battery replacements each month and a fleet of around 620.... Read more »

Posted on : Thursday , 26th January 2023