Market News Page No. 96| Africa Business News

Kenya - A Trading Hub Of East Africa

While most traditional trade indices are based on a market’s present performance, the Trade20 index captures changes over time to reveal the markets that have seen the most improvement within the last decade. Home to some of the world’s fastest-growing economies, Africa has the potential to become a much bigger player in global trade, says Standard Chartered’s Regional Co-Head Saif Malik. Côte d’Ivoire came first out of.... Read more »

Posted on : Tuesday , 29th October 2019

KENGEN SIGNED KSHS 5.8 BN DEAL TO SUPPORT ETHIOPIAN GEOTHERMAL ENERGY PROJECTS

Kenya energy generator, KenGen has signed a Kshs 5.8 Bn deal to drill 12 geothermal wells in Ethiopia and boost the countries energy needs. In contract with Ethiopian independent power producer Tulu Moye Geothermal Operations (TMGO) PLC, KenGen will also grant water supply system and equipment.After KenGen, won a contract to drill geothermal wells for the Ethiopian Electric Power (EEP) in Aluto, Ethiopia this is the second project for in.... Read more »

Posted on : Monday , 18th November 2019

USD 270 million Water supply project has begun its construction in Ethiopia

The water supply project in Mekelle city, the capital of Tigray state, Ethiopia, has begun its construction works. Following the shortage of water supply in the city, the project is intended to mitigate the situation.The project namely ‘Mekelle Water Supply and Sanitation Project (WSSP)’ is undertaken by China Gezhouba Group(CGGC) with the support of the World Bank. The total cost of the project is USD 270 million, out of which USD 250.... Read more »

Posted on : Friday , 25th October 2019

Magufuli Gives a Green Signal for Power Project to Connect Katavi to National Grid

People from Katavi Region are happy on commencement of the construction of Tabora- Katavi power transmission line project for the objective of connecting Katavi to the national power supply system.The project is expected to cost 135bn/- upon completion, and it will supply 130 megawatts to region whose current consumption of power stands at between 5 and 6 megawatts.the success stories includes this project by President John Magufuli as it will.... Read more »

Posted on : Wednesday , 23rd October 2019

Kenya Ranked Position 3 In The Top 20 Markets With The Greatest Potential For Future Trade Growth

According to the Trade20 Index report released by Standard Chartered Bank, the markets impressive potential for trade growth suggests that the government's 'Big Four' development initiative - focusing on boosting manufacturing activities, achieving universal health coverage, improving food security and supporting the construction of affordable housing - is driving Kenya's increased trade growth potential. Kenya has been ranked position 3.... Read more »

Posted on : Tuesday , 22nd October 2019

Rwanda Solar Energy Ambition Receives Boost of U.S. $9 Million

Rwanda's energy ambition received a boost following an endorsement of a financial instrument by the Global Innovation Lab for Climate Finance that will gear up the arrangement of solar home systems.The institution grants the piloting of solar securitization in Rwanda, which seeks to develop the financial capacities of developers to enable them to expand and meet the demands in the local market.Rwanda aims to connect 300,000 households annually.... Read more »

Posted on : Tuesday , 22nd October 2019

Prime Minister Abiy Ahmed puts Ethiopia on the trade map as a top investment destination

Mr. Abiy Ahmed Ali, Ethiopia’s young reformist Prime Minister, "for his efforts to achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighboring Eritrea." has been this year’s recipient of the Nobel Peace Prize. Prime Minister Abiy Ahmed is responsible for initiating important reforms in Ethiopia giving many citizens a hope for a better life.... Read more »

Posted on : Monday , 21st October 2019

Prime Minister Abiy Ahmed puts Ethiopia on the trade map as a top investment destination

Mr. Abiy Ahmed Ali, Ethiopia’s young reformist Prime Minister, "for his efforts to achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighboring Eritrea." has been this year’s recipient of the Nobel Peace Prize. Prime Minister Abiy Ahmed is responsible for initiating important reforms in Ethiopia giving many citizens a hope for a better life and a.... Read more »

Posted on : Monday , 21st October 2019

Prime Minister Abiy Ahmed puts Ethiopia on the trade map as a top investment destination

Mr. Abiy Ahmed Ali, Ethiopia’s young reformist Prime Minister, "for his efforts to achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighboring Eritrea." has been this year’s recipient of the Nobel Peace Prize. Prime Minister Abiy Ahmed is responsible for initiating important reforms in Ethiopia giving many citizens a hope for a better life and a.... Read more »

Posted on : Monday , 21st October 2019

USD 150 million luxury hotel construction in Addis Ababa

Aviation Industry Corporation of China (AVIC), a multi-sector conglomerate started the construction of a 5-star hotel for USD 150 million in Addis Ababa, said by Ethiopian Airlines officials on Tuesday. This 5-star hotel in Addis Ababa is constructed for the Ethiopian Airlines. Asrat Begashaw, Head of Public Relations in Ethiopia Airlines said that the hotel is being constructed on 22,000 Sqm land with a budget of USD 150 million. The project.... Read more »

Posted on : Monday , 21st October 2019

Transtrailers Limited, Kenya Expanding Its Footprints In Tanzania Market

Transtrailers, one of the emerging players in the trailer manufacturing industry in Kenya on a roll as they participate once again in Autoexpo Tanzania 2019. Transtrailers are engaged in the road transport industry for over thirty years. Trailers are built using the latest machinery used for trailer manufacturing ensuring a high quality product. On completion a vigorous quality inspection is carried out by their chief engineer to ensure that.... Read more »

Posted on : Friday , 18th October 2019

Jamuna Udyog with Bajato Automotive Lighting brand make their presence once again at Autoexpo Tanzania 2019

Jamuna Udyog will be participating for the second Time At Autoexpo Tanzania 2019 which is organized by Expogroup. The event will held at Diamond Jubilee Expo Center Dar-es-Salaam, Tanzania on 7th Nov to 9th Nov 2019 Bajato Automotive is an established brand in 38 countries worldwide and its footprint is expanding gradually in more nations worldwide. Bajato Automotive Have Been Exporting Its Products To Africa Region. Their product.... Read more »

Posted on : Friday , 18th October 2019