Market News Page No. 49| Africa Business News

KENYA: Norfund Invests $15 Million in BLK1 for Electrification via Solar Kits

Norfund, a Norwegian government’s investment company joins the Brighter Life Kenya 1 Limited scheme with a USD 15 million investment. Norfund hopes to provide around 1.9 million Kenyans with access to electricity through solar home systems. Brighter Life Kenya 1 Limited is expanding. The scheme launched in 2020 to facilitate the financing of solar home systems in local currency (shilling) in Kenya is registering a USD 15 million.... Read more »

Posted on : Monday , 15th February 2021

UK To Step Up Trade With Kenya After the Latest Trade Deal

Jane Marriot, British High Commissioner to Kenya, said the United Kingdom has reaffirmed its pledge to scale-up trade with Kenya. Ms Marriot continued that as part of their economic relationship, her country was eager to see foreign currency sales return to a win-win scenario for both countries. Despite the Covid-19 global pandemic, the High Commissioner added that 43 percent of Kenya's vegetable exports go to the UK annually,.... Read more »

Posted on : Monday , 15th February 2021

Global IT company Rahi invests US$5m in Africa

Global IT technology company Rahi has announced a US$5 million in capital spending across Africa as it launches its global expansion plan for the IT, data centre and business campus technology sectors. Over the next three years, Rahi aims to spend US$5 million to extend its footprint across Dubai, South Africa, Kenya, Nigeria, Morocco and Egypt. Following its continuing global expansion to territories such as Europe, Latin America and.... Read more »

Posted on : Monday , 15th February 2021

ANDRITZ to supply complete MDF plant to Nile Wood, Egypt

International technology Group ANDRITZ has recently received an order in cooperation with Dieffenbacher to supply a comprehensive MDF plant, as well as a chip washing and pressurized refining system, to Nile Wood S.A.E, which is a subsidiary of Egypt Kuwait Holding (EKH), for their greenfield site in Sadat City, Egypt.With this recent order, ANDRITZ is consolidation its foremost position in the supply of preparation systems for MDF plants and.... Read more »

Posted on : Monday , 15th February 2021

Investments have turned Tanzania into a medical tourism hub

Investing in specialist care has decreased the number of patients seeking medical attention overseas at exorbitant rates by more than 95%, from 200 to 300 patients a year, to less than 60. Eventually, government attempts to expand spending in the health sector have led the country to draw patients from surrounding nations. The Democratic Republic of Congo (DRC), Comoro, Uganda, Kenya, Malawi, Rwanda and Burundi are some of the neighboring.... Read more »

Posted on : Friday , 12th February 2021

IRCAD to unveil the high-tech surgery centre in Rwanda

In 2018, the government of Rwanda embarked on a new journey to establish an IRCAD centre in Kigali through the Ministry of Health in partnership with IRCAD France, a global institution dedicated to advancing and teaching minimally invasive surgery. By closing the technology and knowledge gap in the field of research and training, the partnership aims to improve and advance surgery in Africa. The IRCAD Africa Center, set to be unveiled.... Read more »

Posted on : Monday , 8th February 2021

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