Market News Page No. 7| Africa Business News | Afrotrade

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BEKA Schreder Donates LED lighting to Matolweni Community Creche

BEKA Schreder is proud to have been involved in a heart-warming project where LED luminaires were donated to Matolweni Early Childhood Development Centre in Drayini Village, outside of Idutywa, Eastern Cape.The original Matolweni Early Childhood Development Centre was a mud hut crèche. High crime rates have initiated efforts to upgrade the facility. The community was introduced to the Samarpan Foundation headed by Nicola Irvine. Over the past.... Read more »

Posted on : Friday , 9th December 2022

Diaspora Desk is being established by the East African Community (EAC).

The inflow of funds from the diaspora contributed significantly to the bloc's FDI, which stood at $8.2 billion as of last year, prompting the bloc to develop a Diaspora Engagement Strategy. The move, if implemented, will make it easier for East Africans living in the diaspora to invest and trade in the region, according to EAC Secretary General Peter Mathuki. He was speaking at the East African Chamber of Commerce's 17th Annual Trade and.... Read more »

Posted on : Thursday , 1st December 2022

Tanzania and the DRC interested in expanding their trade relations.

President Samia Suluhu Hassan and her Democratic Republic of the Congo (DRC) counterpart, Félix Tshisekedi, have agreed to collaborate during a number of areas to boost bilateral trade. Consequently, Tanzania and the DRC intend to cooperate in a range of areas, including trade, investment, infrastructure, finance, energy, education, security, and immigration. This decision was reached following discussions between the 2 leaders at the.... Read more »

Posted on : Thursday , 1st December 2022

The Tanzanian government is committed to transforming the region into a centre of excellence.

After the Ministry of Health struck an agreement with Egypt's Alameda Healthcare group to increase access of specialised and super-specialised health services, Tanzania's initiative to promote medical tourism has gained momentum. Similar agreements have already been struck by the government with Kenya, Burundi, Rwanda, Israel, India, and Turkey. The Alameda Healthcare agreement will give the nation access to medical staff training, the.... Read more »

Posted on : Thursday , 1st December 2022

Kenya turns to Bioplastic for its packaging needs.

Due to the COVID-19 pandemic, Kenya has seen a spike in the market for home delivery, many of which are created with plastic packaging materials like oxoplastics and bioplastics.Many agricultural products, as well as packaging, trash bags, and decomposition sacks, use oxyplastics, which are made from petroleum polymers. Because they include special chemicals, they break down easily.Because it is environmentally favourable, biodegradation is.... Read more »

Posted on : Thursday , 1st December 2022

Kisumu and the Netherlands Partner to Promote Trade and Health

The Netherlands' Deputy Ambassador to Kenya, Joris van Bommel, led a group of Dutch healthcare companies to Kisumu County in order to explore potential partnerships aimed at enhancing healthcare infrastructure. 14 Dutch enterprises were on a mission from the governor, Prof. Anyang' Nyong'o, to examine potential trade and health ties between his administration and the Netherlands. Bommel stated that the Netherlands is eager to establish.... Read more »

Posted on : Thursday , 1st December 2022

Tanzania expects annual revenue from graphite mining of USD 8 billion.

Once the proposed graphite mine at Mahenge in Ulanga District, Morogoro Region, begins operations, the government expects earning more than USD 3.6 million (8.4 billion/-) yearly. At a progress meeting with Mahenge mining project stakeholders, including the Minerals ministry, the mining commission, the Treasury Registrar's office, the revenue authority (TRA), TANESCO, the Tanzania-Zambia Railway, TanRoads, and the Tanzania Ports.... Read more »

Posted on : Thursday , 1st December 2022

Ethiopia's coffee and Tea export venture with Pakistan

Ethiopian Ambassador and Plenipotentiary Jemal Beker Abdula stated that his country has surplus tea and coffee that may be exported to Pakistan at reasonable prices. During a meeting with members of a joint delegation from the Pakistan Tea Association and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), he stated as much (PTA). In response, the FPCCI and PTA representatives agreed that Pakistan has a sizable market for.... Read more »

Posted on : Wednesday , 30th November 2022

Kenya one of the nations in Africa to gain from Microsoft's Digital Transformation Program for the agriculture industry.

Microsoft established a cooperation with the International Finance Corporation (IFC) to support digital transformation through its Africa Transformation Office. The goal of this programme is to give farmers access to real-time data-producing digital technologies. IFC will be in charge of overseeing the programme for digital transformation's corporations and financial management. The initiative will also get investment, consulting,.... Read more »

Posted on : Wednesday , 30th November 2022

Ethiopia Forest Development at SLU in order to continue the ongoing collaboration

The visit's objective is to generate the content for phase two of a Sida-supported programme to boost Ethiopia's forest industry. The project is widely addressing a number of topics linked to sustainable forest management, small-scale forest business, and forest laws. Swedish Forest Agency and the Eco Innovation Foundation are also a part of the project's Swedish consortium, which is coordinated by SLU. "One of the key goals is to.... Read more »

Posted on : Wednesday , 30th November 2022

Zanzibar signs an agreement to build roads worth Sh537.8 billion

Roads of 103.5 kilometres will be built on the islands of Unguja and Pemba. The Zanzibar government has signed a road development contract with Propav, a UK business, in collaboration with Mwananchi Engineering and Construction Ltd, a Tanzanian company (MECCO). The contract calls for the construction of three highways totaling 103.5 kilometres on Unguja and Pemba Islands. On September 20, 2022, the signing ceremony took place at the.... Read more »

Posted on : Monday , 28th November 2022

BasiGo will begin EV assembly in Kenya following a $6.6M investment

BasiGo will begin building electric buses in Kenya next month, ramping up its production of public transportation vehicles (PSVs) in order to deliver 100 units by the end of next year. After completing a six-month trial programme in Nairobi, Kenya, the business expects to deliver 15 of the 100 buses, which will be built using parts from China's EV manufacturer BYD Automotive, in January of next year. It also intends to extend its charging.... Read more »

Posted on : Friday , 25th November 2022

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