Market News Page No. 58| Africa Business News

Kenya to adopt electric cars to meet climate goals

It is clear that virtually all of the world's population growth by 2050 is forecast to take place in developing countries yet thousands of cities in Africa, Asia and Latin America may stick to fossil fuel-powered vans, buses and motorcycles for decades.The Kenyan capital's vehicle fleet doubles every 8 years and its roughly 4.5 million inhabitants rely on minibus taxis named Matatus to get around. Although they're inexpensive, they tend to be.... Read more »

Posted on : Friday , 27th August 2021

Automotive component manufacturers to invest in Ethiopia

African Association of Automotive Manufacturers (AAAM) has been appointed by the Special Initiative on Training and Job Creation to develop an automotive policy for the Ethiopian government that will boost global original equipment manufacturers (OEMs) and component producers to invest in Ethiopia.Moreover, an automotive training programme for prevailing assemblers and workshop owners will be established and directed along with the development.... Read more »

Posted on : Friday , 27th August 2021

Kenya Airways sign deal with Embraer to launch flying taxis in Nairobi

Kenya Airways has inked a deal with Brazilian aircraft manufacturer Embraer to deploy flying taxis in Nairobi, aiming to lead the market in this transportation innovation. According to Business Daily, the cars would reduce travel time from Jomo Kenyatta International Airport to Nairobi's city center to six minutes. Embraer inked a Memorandum of Understanding with Kenya Airways this week, via the national carrier's newly formed.... Read more »

Posted on : Thursday , 26th August 2021

Tanzanian Gold is continuing to Develop and Explore Mines throughout the Country.

Tanzanian Gold Corporation reported third-quarter 2021 results. TanGold's Chief Executive Officer, Stephen Mullowney, remarked, "The Company and Buckreef Gold have continued to make tremendous progress this quarter." We designed and are currently implementing a strategy to reduce cash burn at the Buckreef Gold operational level by upgrading the oxide test plant circuit. This approach ensures the continuation of the core staff while increasing.... Read more »

Posted on : Thursday , 26th August 2021

Vietnam, Tanzania to expand their commercial and investment relations

At a meeting in Dar es Salaam, Tanzanian Foreign Minister Liberata Mulamula and Vietnamese Ambassador to Tanzania Nguyen Nam Tien promised to continue boosting commercial and investment relations between the two nations. Ambassador Tien, who made a courtesy call to Tanzania's Foreign Minister, congratulated Tanzania on its election as Vice President of the United Nations General Assembly's 76th session in June of this year. He stated.... Read more »

Posted on : Wednesday , 25th August 2021

Furniture importers in Africa are reaping the rewards.

As demand for residential and office space rises across Africa, the furniture industry continues to thrive in many African countries. Africa's rising economy, as well as its vast and quickly growing urban population, are some of the reasons why the furniture industry is doing well on our continent. From Lagos in West Africa to Nairobi in East Africa, it is difficult to miss the massive quantity of building work in many of Africa's.... Read more »

Posted on : Wednesday , 25th August 2021

Global Fund invests in Tanzania health sector

The GLOBAL FUND has praised President Samia Suluhu Hassan's leadership, offering to issue a total of 906 million US dollars (2.09 trillion/-) for health-care spending, including the battle against the Covid-19 epidemic. The funds include 794 million US dollars (about 1.8 trillion/-) that will be distributed between 2021 and 2023 to complement the battle against HIV/AIDS, tuberculosis (TB), and malaria, as well as to guarantee a better,.... Read more »

Posted on : Tuesday , 24th August 2021

President Samia Launched Military Hospital Funded by Germany

At Lugalo Military Hospital in Dar es Salaam, President Samia Suluhu Hassan inaugurated a cutting-edge Infectious Disease Centre (IDC). The center is outfitted with a world-class laboratory costing 10bn/- that can treat coronavirus sufferers as well as those suffering from other infectious illnesses. She characterized it as a fantastic addition to developing medical tourism programs and supporting the nation in the battle against.... Read more »

Posted on : Tuesday , 24th August 2021

Kenya To Gain From $94m EU Geothermal Power Fund

Kenya is among countries set to benefit from €80 million ($94 million) funding from the European Union investment arm to increase geothermal power production. The European Investment Bank an investment arm of the EU approved the funding targeting private sector-led geothermal power projects in East Africa. The funding will benefit projects in Kenya and 17 other countries, including Ethiopia, Madagascar, Mauritius, Mozambique, Rwanda,.... Read more »

Posted on : Tuesday , 24th August 2021

Sudan Could Purchase 1GW Of Electricity From Ethiopia

Sudan has shown interest in purchasing up to 1000 MW of Electricity from Ethiopia, Africa, according to senior officials at Ethiopian Electric Power. Ethiopian news agency (ENA) quoted Andualem Sia, Ethiopian Electric Power executive officer, saying that Sudan had shown interest in making the purchase. Experts from Ethiopia travelled to Khartoum to discuss this possibility, according to the corporate planning officer at Ethiopian.... Read more »

Posted on : Tuesday , 24th August 2021

In the Narok County of Kenya, a new sanitation system has been installed.

Kenya has constructed a new sanitation system in Narok Town, using improved technology that is anticipated to endure more than a century without regular repairs and breakages. The county administration, in collaboration with a local firm Megapipes, announced the installation and stated that the system will service the town, which had no sanitation infrastructure until late 2020. The government had retained a quarry near Narok town for.... Read more »

Posted on : Monday , 23rd August 2021

Tanzanian Oil And Gas Experts Will Benefit From DMI's Expertise

More relevant courses have been added to the Dar es Salaam Maritime Institute (DMI) with the goal of nurturing oil and gas experts to take advantage of the country's significant gas finds in the country's southern areas.This was said by DMI tutorial assistant Captain Haruna Ally, according to the Daily News. The idea, according to Ally, is to train local specialists to extract gas rather than relying on foreign oil and gas experts.Furthermore,.... Read more »

Posted on : Thursday , 19th August 2021