Market News Page No. 70| Africa Business News

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

Tanzania: Govt Banks On Manufacturing Sector, Trade to Boost Economy

THE government of Tanzania is improving the manufacturing sector and trade to boost the economy and make the country develop. German International Development Cooperation (GIZ) has supported a desk study to identify what the manufacturing sector needs to grow and uplift the livelihoods of Tanzanians. GIZ funds this initiative through the Confederation of Tanzania Industries (CTI) Commission. A paper was presented early this month,.... Read more »

Posted on : Friday , 30th July 2021

Tanzania Agricultural Ministry to Partner With TOAM towards Organic Farming

Tanzania Organic Agriculture Movement (TOAM) is planning to hold their second National Ecological Organic Agriculture Conference in October this year, in partnership with the government through the Ministry of Agriculture. The conference, which will be held in Dodoma and will attract over 300 people from Tanzania and beyond, will, among other things, enhance public awareness about the relevance of organic farming in further endeavours to.... Read more »

Posted on : Friday , 30th July 2021

The UK-Kenya Free Trade Agreement has been welcomed by the Agriculture Sector Network.

The Agriculture Sector Network, ASNET, a Kenyan umbrella organisation for the agriculture sector, has praised the newly ratified Economic Partnership Agreement between Kenya and the United Kingdom, saying it will help enhance economic development and job creation. Kenyan major agricultural exports to the UK, like as vegetables, fruits, flowers, coffee, and tea, now have tariff-free market access. Kenyan vegetable exports account for.... Read more »

Posted on : Friday , 30th July 2021

UK to invest Sh20bn in Kenya's Big Four Projects

The government and corporate sectors in the United Kingdom have announced a new investment of Sh20 billion in the Big Four Projects, which include affordable housing and manufacturing. President Uhuru Kenyatta is in London for a three-day visit that will culminate with him co-chairing the Global Education Summit with Prime Minister Boris Johnson. UK Foreign Secretary Dominic Raab said at Mansion House in London that Sh5.2 billion in UK.... Read more »

Posted on : Thursday , 29th July 2021