Market News Page No. 63| Africa Business News

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

Kenya And China Jointly Host A Regional Workshop On Petroleum Engineering In Luban

Kenya's energy sector is expected to undergo huge changes following the opening of the country's second Luban Workshop at Taita-Taveta University, which will concentrate in petroleum and petrochemical engineering.This new venture is part of a long-term cooperative goal to establish a technical workforce to help the country better utilise the Blue Economy's potential.Ambassador Simon Nabukwesi, Principal Secretary for University Education and.... Read more »

Posted on : Tuesday , 17th August 2021

Solar Lamps in Kenya are being Highlighted

To persuade consumers to switch to clean energy, more than only high-efficiency, low-cost goods are required.Illumination Africa, a joint IFC and World Bank initiative, has launched an education campaign aimed at companies and nine million people in rural Kenya to encourage them to switch from fuel-based to solar lighting. Around 80% of Kenya's population is off-grid, or without access to a public electrical service, and must rely on.... Read more »

Posted on : Thursday , 12th August 2021

UK to develop 10,000 green affordable houses in Kenya

The United Kingdom (UK) is set to develop 10,000 green affordable houses in Kenya. This follows a US $48M commitment made by the UK Climate Investments (UKCI) and FSD Africa Investments (FSDAi) towards a Kenyan green affordable housing venture.Managing Director of UKCI, Richard Abel said the investment is an inspiring opportunity to simulate how sustainable building structures can help cope with the effects of climate change.. He further.... Read more »

Posted on : Wednesday , 4th August 2021

Kenya, UK To Use Blockchain Tech To Free Up Trade Logistics

An initiative to free up 2 way trade between the Kenya and UK was launched in London on 19th July 2021. This was through the signing of a Memorandum of Understanding (MoU) between the Institute of Export and International Trade and TradeMark East Africa at the Kenya High Commission in London. The Memorandum of Understanding provides a framework for collaboration to implement a digital trade corridor between the Kenya and UK. The.... Read more »

Posted on : Friday , 30th July 2021