Market News Page No. 72| Africa Business News

Investors from Djibouti to Open Modern Abattoir in Ethiopia

Djibouti-based African businessmen have indicated interest in establishing a state-of-the-art abattoir in Ethiopia. The statement was made during a three-day investment mission to Ethiopia, which was targeted at assessing and adding value to Ethiopia's large and untapped livestock potential. During their visit, the investors met with high-ranking government officials, relevant authorities, and Ethiopian private sector representatives,.... Read more »

Posted on : Wednesday , 22nd September 2021

The Tanzanian Agriculture Investment Opportunities On limelight

Tanzania agriculture investment potential will be highlighted in Nairobi, Kenya, at the worldwide Agricultural Green Revolution Alliance (AGRA) Summit. Tanzania will showcase and propose investment prospects and priorities in agribusiness during the summit in order to attract investors to the industry. Tanzania has immense potential to become a major food producer, manufacturer, and exporter. What we need to do is boost.... Read more »

Posted on : Wednesday , 22nd September 2021

Huawei launches smart solar energy solution for Kenyan households

Chinese telecom firm Huawei has launched an integrated solar energy solution for Kenyan households amid a quest to promote carbon neutrality in the country.CEO of Huawei Kenya Will Meng said the launch of LUNA 2000, the flagship product of Huawei FusionSolar Residential Smart PV Solution, will ensure that residential premises have access to affordable and cleaner sources of energy."It indeed is in our best interest to increase the uptake of.... Read more »

Posted on : Tuesday , 21st September 2021

KENYA: Boreal Inaugurates A New Solar-Powered Water Desalination System

New drinking water kiosks designed by Boreal Light supply a school, a vocational training centre, a mosque, a tailoring shop and oil extraction facilities on the southern coast of Kenya. The drinking water is obtained from a new desalination system powered by a 15 kWh solar mini-grid. Called "Shimoni WaterKiosk", the solution was installed by Kenyan start-up WaterKiosk Africa. According to the start-up company Boreal Light, based in Berlin,.... Read more »

Posted on : Wednesday , 17th November 2021

RWANDA: An Initiative To Promote The Financing Of Off-Grid Systems In Local Currency

Investments in renewable energy have increased tenfold in Rwanda in the recent years. According to the European Union GET.invest programme, these investments have been made more with international capital and foreign currency. “Local currency financing is one of the missing links to boost investment flows into renewable energy,” says GET.invest. The programme is supported by donors including the European Union, Austria, Germany, the.... Read more »

Posted on : Friday , 17th September 2021

Africa Oil Updates Project Oil Kenya with a Higher Plateau Production Rate and an Independent Resource Evaluation

Africa Oil and its JV partners (Tullow Oil and Total Energies) have completed the redesign of Project Oil Kenya over the last year to guarantee that it is technically, financially, and environmentally sound. With a projected gross oil recovery of 585 million barrels of oil ("MMbbl") during the life of the field1, a higher oil production plateau of 120,000 barrels per day is now planned. This resource position has been audited by external.... Read more »

Posted on : Thursday , 16th September 2021

East African Energy sector boosted by recent positive global investments

The East Africa region is increasingly becoming an area of interest in the eyes of international investors in energy projects from around the world. The recent substantial FDI influx in the East African energy sector has re-ignited the global appetite resulting in the rising number of delegates exploring the region through channels like the 9th Power and Energy Africa exhibition in Kenya and Tanzania. East African countries like Kenya,.... Read more »

Posted on : Monday , 13th September 2021

East Africa's Energy Future Shines Bright - Investors Are Keeping a Close Watch

The eyes of international oil and gas investors are becoming increasingly fixed on Africa as an area of development, and on the East Africa region in particular – with good reason.“It’s no secret that the East African oil and gas sector has recently benefited from substantial FDI,” says Paul Sinclair, Vice President of Energy at Africa Oil Week (AOW). “These regional investments have reignited global appetite for East Africa, and.... Read more »

Posted on : Monday , 6th September 2021

Africa Needs a Clean and Just Energy Plan

Friends of the Earth Africa has launched 'A Just Recovery Renewable Energy Plan for Africa' which offers a practical and much-needed opportunity to change the trajectory of energy development, distribution, and access on the African continent. The report stresses the urgency to democratize energy systems, reduce the power of transnational corporations and enable peoples and communities to access sufficient energy to live a dignified life."It is.... Read more »

Posted on : Monday , 6th September 2021

$1.2 billion of active power projects in Rwanda

Rwanda has set 2024 as a target date to reach the goal of 100 percent access to power for its entire population. Consequently, the small nation has more than $1.2 billion of active power projects.Rwanda’s population will grow by 25 percent over the next decade to reach 16 million people. In order to provide access to the growing population and make up for the current shortage of power, the country has embarked on various power generation.... Read more »

Posted on : Monday , 6th September 2021

Zanzibar Domino Commercial Tower the largest hotel in East and Central Africa

Zanzibar has announced plans to construct Zanzibar Domino Commercial Tower, the largest hotel in East and Central Africa and also the second tallest skyscraper in Africa behind Iconic Tower in Egypt.A contract was inked between New York and Dubai-based architect xCassia and a joint venture of Tanzania's AICL Group and Edinburgh Crowland Management Ltd that will see the latter come up with architectural designs for the project.The project which.... Read more »

Posted on : Thursday , 2nd September 2021

Tanzania Is Going Solar With AFD Support

In the Kishapu District of Shinyanga Region, TANESCO will implement the 1st large scale PV Solar Power Plant of Tanzania. It will be the 1st and certainly not the last. According to the International Energy Agency, in Africa, solar PV is becoming the “new king” of electricity and is forecasted to be the fastest growing source of power generation in Africa by year 2040. Production which is based on solar has become one of the.... Read more »

Posted on : Wednesday , 1st September 2021