Market News Page No. 77| Africa Business News | Afrotrade

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African Countries Agree to Strengthen Cooperation on Geothermal Production

More than 500 experts, governments, civil society, academia and private sector representatives from Africa and other regions have agreed on the agenda for regional cooperation and accelerated geothermal growth in Africa, as concluded by the Eighth African Rift Geothermal Conference (ARGEO C8) on 6 November.Participants acknowledged the need for capacity development for geothermal practitioners to ensure the successful development of these.... Read more »

Posted on : Monday , 16th November 2020

d.Light Solar Starts New Outlet in Nairobi: Kenya

Sun Solutions provider d.light Solar has developed a new outlet in Nairobi, Kenya’s capital, with the goal of growing customer response time during the coronavirus pandemic era. As per the firm, the 500-capacity centre will host its customer service team to boost customer experience and ensure business continuity amid the health crisis.“It is extremely important for us and I believe to the largest extent the entire corporate world must.... Read more »

Posted on : Monday , 2nd November 2020

Pharmaceutical Industry to Create Opportunities for Manufacturers and Exporters in Kenya

The pharmaceutical industry in Kenya is growing at a speedy pace and offers great opportunities for manufacturers and exporters to establish their products and services in the lucrative market for pharmaceuticals in East Africa. Kenya is presently the largest producer of pharmaceutical products in the Common Market for Southern and Eastern Africa (COMESA) region, supplying more than 50% of the regions’ market. Kenya’s prescription.... Read more »

Posted on : Monday , 2nd November 2020

Sustainable Urban Lighting in Eastern Africa Meets Demand

Responding to demand for sustainable urban lighting in Eastern Africa Population growth, economic development , infrastructure expansion and land use reform are all main factors contributing to the expansion of cities around the world. Approximately 68% of the global population is expected to live in cities by 2050, with the overwhelming majority of urban population growth taking place in Africa. Energy is one of the primary.... Read more »

Posted on : Monday , 2nd November 2020

Turkey to promote economic cooperation with Kenya

Turkey aims to diversify and elevate its economic cooperation with East Africa’s largest economy, Kenya, to a new level based on a “win-win” situation, a Turkish diplomat said this week. “Turkey regards Kenya as a key and robust player in the East and Horn of Africa region and an important partner in Africa,” Ahmet Cemil Miroglu, Turkey’s ambassador to Kenya, told Anadolu Agency in an interview Tuesday. Miroglu.... Read more »

Posted on : Friday , 30th October 2020

Over U.S.$1.1 Billion of Investment by Chinese Companies in Ethiopia

With nearly 1,564 projects either in operation or under implementation over the past two decades, Chinese companies are the top players in the investment landscape in Ethiopia, both in terms of the number of projects and in terms of financial resources, an official at the Ethiopian Investment Commission (EIC) said. Speaking exclusively to Xinhua, Mekonen Hailu, Communications Director at the EIC, said Chinese firms invest in various.... Read more »

Posted on : Friday , 30th October 2020

Ethiopia’s Export Revenue Increased By U.S. $115.6 Million

Exports in the first quarter of the fiscal year 2020 compared to in the previous fiscal year, export revenue increased by 115.6 million USD or 16 percent and a total of US $ 838.6 million was earned, according to the Ministry of Trade and Industry (MoTI).The industrial sector earned 95 percent and 94 million USD, while agricultural products earned 73 percent and 541 USD .The mining sector has achieved 300 percent of the plan and 205 million USD.... Read more »

Posted on : Friday , 30th October 2020

Construction of 6 Cancer Treatment Centers Underway - Ministry of Health, Ethiopia

The Ministry of Health in Addis Ababa today announced that six cancer treatment centres are being established in four regions of the country, including Addis Ababa. In her remarks at a media briefing on Breast Cancer Awareness Month, Minister of Health Lia Taddesse said huge efforts need to exert in increasing the level of breast cancer alertness of the community at large. Around 2.1 million cases of breast cancer are registered.... Read more »

Posted on : Friday , 30th October 2020

Swedfund is investing in women's health and self-care in East Africa

Swedfund, the Swedish government development fund, is investing in Kasha Global, whose e-commerce platform provides access to and purchase of contraceptive, menstrual and health care products, both online and offline, for women, primarily in Rwanda and Kenya. The Chief Executive Officer of Swedfund Maria Hakansson said that “In Africa, it is quite common for sexual and reproductive health issues to be taboo and stigmatized. As a.... Read more »

Posted on : Friday , 30th October 2020

Sh500 Million Released by Kenya Off-Grid Solar Access Project to 19 Private Companies

Residents of off-grid areas in Kenya are intended to benefit from the sale of quality solar and clean cooking products following the release of Sh500 million from the Kenya Off-Grid Solar Access Project (KOSAP) to 19 companies to facilitate the sale of their products in these counties.The released funds have provided the companies with the necessary facilitation to move into the counties to set up sales and after-sales infrastructure for.... Read more »

Posted on : Thursday , 29th October 2020

Barrick to invest USD 8 million on mineral exports in Tanzania

BARRICK Gold Company plans to spend USD 8 million in new mining exploration operations in Tanzania by the end of the year, due to favorable investment strategies, laws and regulations. This was unveiled by Barrick President and Chief Executive Officer Mark Bristow during a media conference following his quarterly visit to the mine, where he also praised the strong ties between his company and the government through the Twiga Minerals.... Read more »

Posted on : Thursday , 29th October 2020

HealthyFoodsAfrica updating fish processing and packaging

HealthyFoodsAfrica has engaged stakeholders within the food processing industry to develop and update them on relevant innovative food packaging, processing and preservation. The stakeholders would also brainstorm on how to design improved technology in preservation and smoking in processing of fish to avoid carcinogens in the end product for consumers. Experts from the Council for Scientic and Industrial Research (CSIR), the Fisheries.... Read more »

Posted on : Thursday , 29th October 2020

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