Market News Page No. 81| Africa Business News | Afrotrade

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US$12M deal signed by Kenya to fund infrastructure to boost trade

Kenya and the East African trade promotion lobby, TradeMark East Africa, signed an agreement of 1.31 billion shillings (approximately 12 million) to fund regional infrastructure projects to improve trade. National Treasury Cabinet Secretary Ukur Yatani told reporters in Nairobi that the grants will fund infrastructure projects to promote trade and fuel economic development in Kenya, Uganda, Rwanda, Burundi and to a greater extent, in the.... Read more »

Posted on : Tuesday , 24th November 2020

DOB Equity supporting Mr Green Africa in the recycling of plastic waste

DOB Equity, an impact firm, is investing additional funds into a Kenyan-based plastic waste recycling company, Mr Green Africa. Mr Green Africa will be able to expand its operations in Kenya with this second investment from the family firm. The plastic waste recycling industry is taking shape in Kenya. Mr. Green Africa has just earned funds to grow his work in the region, one of the operators in this field. DOB Equity, an impact investor.... Read more »

Posted on : Tuesday , 24th November 2020

Kenya Power Raises Alarm over Clients Solar Switch

The raising shift to solar power systems by heavy-consuming industrialists searching reliable and cheaper supply has rattled electricity distributor Kenya Power amid thinning revenues.The utility firm said some of its industrial customers who account for about 54.8 % of its sales revenues are gradually shifting to own-generated solar power, dealing a further blow to its already dwindling finances."The company managed in a challenging.... Read more »

Posted on : Monday , 8th February 2021

Tender Launched to Build Solar PV Plants in Kenya, Ethiopia and Uganda

The United Nations High Commissioner for Refugees (UNHCR) has launched a tender for the construction of ground-mounted solar projects with capacities ranging from 60 to 500 kW across Kenya, Ethiopia and Uganda. "Bidding companies will be expected to offer on all the sites eventually selected for the tender," the UNHCR specified.The projects will have a combined capacity of 1.8 MW and can be set up in combination with diesel power generators or.... Read more »

Posted on : Monday , 8th February 2021

TCPAK extends institutional partnership with 23rd Buildexpo Kenya 2021

The TOWN AND COUNTY PLANNERS ASSOCIATION OF KENYA (TCPAK) has confirmed support for 23rd Buildexpo Kenya 2021. The international exhibition which is the longest running annual trade event in the East African Region, has been positively contributing to the growth of the construction sector in the country. Buildexpo Kenya has become a vital international platform for exporters, manufacturers, distributers and retailers to meet and network while.... Read more »

Posted on : Wednesday , 18th November 2020

23rd Buildexpo Kenya 2021 secures government endorsement

The Cabinet Secretary Hon'ble James W. Macharia, EGH, Ministry of Transport, Infrastructure, Housing and Urban Development has recognized the contributions of Expogroup Trade Fairs and has formally provided an endorsement of the 23rd Buildexpo Kenya 2021. The international exhibition is the longest-running annual trade event in the East African Region.The Trade Fairs have been positively contributing to the growth of the construction sector in.... Read more »

Posted on : Wednesday , 18th November 2020

The Development of The Loft Residences at Two Rivers starts in Kenya

The construction works of Loft Residences at the Two Rivers Development in Kenya have started following a groundbreaking ceremony by the project’s developer, Centum Real Estate Limited. The project will be carried out by Seyani Brothers & Co., the leading general construction firm in the East African region. Speaking at the groundbreaking ceremony, Samuel Kariuki, Managing Director of Centum Real Estate, said, Seyani Brothers is a.... Read more »

Posted on : Wednesday , 18th November 2020

World Bank Agrees $150m for Modern Energy in Rwanda

The World Bank board of directors approved $150 million in financing to improve access to modern energy for enterprises, households, and public institutions in Rwanda and to improve the efficiency of electricity services. From the total amount of $150 million, $75 million will be provided as grant funding and $75 will be provided as a loan. Enhancing the achievement of previous World Bank support to the energy sector, the.... Read more »

Posted on : Wednesday , 18th November 2020

New Collaboration to Improve Energy Access in Ethiopia

The Rocky Mountain Institute (RMI) is collaborating with IKEA Foundation to improve access to energy in rural communities in Ethiopia. RMI will leverage a $1 million grant from IKEA Foundation to grant rural communities with access to renewable energy. The institute will also leverage the grant to assure project beneficiaries create new opportunities for income generation by using energy effectively. The project will mainly target.... Read more »

Posted on : Wednesday , 18th November 2020

Tullow Sets Sights on Renewables to Power Delayed Kenya Oil Project

London-listed Tullow Oil is considering plans to provide back-up power from offshore wind and geothermal assets in Kenya to support its challenging South Lokichar oil project in the East African region.The Anglo-Irish operator, along with its partners Total and Africa Crude, is revisiting the original South Lokichar exploration scheme to minimise costs and intends to send a fresh development plan to the Government of Kenya by the end of next.... Read more »

Posted on : Monday , 16th November 2020

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

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