Market News Page No. 1| Africa Business News

Tanzania Strengthens Energy Infrastructure to Drive Industrial Growth

As the nation initiates the implementation of Vision 2050, the government is intensifying its investments in electricity generation, natural gas infrastructure, transmission networks, and renewable energy. TANZANIA is steadily identifying energy as the key driver for its upcoming development phase. The goal is not only to satisfy the increasing demand but also to establish a basis for industrialization, investment, job creation, and.... Read more »

Posted on : Thursday , 30th July 2026

Tanzania's TZS 1.8 Trillion Healthcare Budget For 2026–2027 Supports The Country's Efforts To Achieve 80% Self-Sufficiency In Drug Manufacturing By 2030

For the 2026–2027 fiscal year, Tanzania's Minister of Health, Mohamed Mchengerwa, presented a TZS 1.8 trillion budget, of which TZS 1.15 trillion (64%) was allocated to development. The budget supports the ongoing implementation of universal health insurance, a new TZS 1.2 trillion Muhimbili National Hospital, and a pharmaceutical manufacturing initiative aimed at achieving 80% self-sufficiency in healthcare goods by 2030. In May 2026, in.... Read more »

Posted on : Monday , 6th July 2026

Proparco to Work With Tibu Health To Improve Kenyan Healthcare Access

Proparco is pleased to announce that Tibu Health, a Kenyan healthtech start-up, will receive funding. The money, awarded through the Bridge Fund by Digital Africa facility, will help expedite the development of its proximity integrated clinics and enhance access to healthcare for marginalized populations. Jason Carmichael founded Tibu Health, a Kenyan start-up focused on providing accessible and reasonably priced basic healthcare, in 2020..... Read more »

Posted on : Monday , 6th July 2026

Tanzania Launches an Electric Reach Stacker Built in China

A Chinese-made electric reach stacker was officially handed over in Dar es Salaam on Monday, marking its first entry into the Tanzanian market and the operational launch of this new-energy logistics equipment in the country. The equipment has been purchased by Azam Inland Container Depot, a subsidiary of Bakhresa Group. The Group’s Chief Executive Officer, Ali Mukadam, said the investment demonstrates the company’s commitment to.... Read more »

Posted on : Wednesday , 1st July 2026

Kenya and South Africa are stepping up their industrial collaboration, trade, and investment as they position themselves to spearhead Africa's economic transition

Speaking at the South Africa-Kenya Business Meeting in Midrand, Johannesburg, President Cyril Ramaphosa and President William Ruto of Kenya urged greater cooperation between the continent's top economies, stating that infrastructure development, integrated value chains, and increased intra-African trade are essential to Africa's future growth. According to President Ramaphosa, bilateral trade between South Africa and Kenya continues to.... Read more »

Posted on : Wednesday , 1st July 2026

TISEZA Unveils Four New Special Economic Zones as Q4 2025 Investments Double to $3.16 Billion

The Tanzania Investment and Special Economic Zones Authority registered 278 projects worth USD 3.16 billion in Q4 2025, more than double the USD 1.57 billion recorded the previous year, with 71,412 employment predicted and China dominating foreign direct investment at USD 950 million. The bulletin also establishes four Special Economic Zones in Bagamoyo, Kibaha, Dodoma, and Kahama, totalling over 2,100 hectares, as well as two Dar es Salaam.... Read more »

Posted on : Wednesday , 1st July 2026

Tanzania Strengthens Wood Energy Sector Through Sh3 Billion Briquette Investment

Tanzania is advancing its sustainable wood energy and forestry sector through increased investment in alternative biomass products and responsible resource utilization. Speaking in Tabora on February 21, 2026, Anthony Mavunde, Minister for Minerals, emphasized the government's commitment to expanding the availability of clean and sustainable energy solutions while supporting environmental conservation efforts.As part of this initiative, the.... Read more »

Posted on : Wednesday , 1st July 2026

Tanzania Receives €20 Million German Funding for Water Initiatives

The government has obtained a €20 million (approximately Sh60.7 billion) grant from Germany to improve water supply and sanitation services in Tunduma and Vwawa Mlowo in Songwe Region as part of a pact aimed at increasing access to clean water and enhancing public health services in rapidly growing urban areas. The agreement was signed in Dodoma at Kambarage Hall, Treasury Square, by Dr Natu El Maamry Mwamba, Permanent Secretary in the.... Read more »

Posted on : Wednesday , 1st July 2026

Tatu City's Jabali Towers Construction Marks Next Phase of Urban Expansion

Tatu City has appointed China Road and Bridge Corporation (CRBC) as the main contractor for the construction of Jabali Towers, a major mixed-use development within its Special Economic Zone in Kiambu County, near Nairobi.The project will span approximately 88,000 square metres and feature two residential towers of 25 and 36 storeys, a 150-room hotel, Grade A office space, and 35 retail and dining outlets. The first residential tower has already.... Read more »

Posted on : Wednesday , 1st July 2026

KenGen Targets Threefold Increase in Renewable Energy Capacity to 5,500 Megawatts

The Kenya Electricity Generating Company has set forth plans to expand its renewable energy development pipeline to 5,500 megawatts. This new objective is more than threefold the 1,500 megawatts outlined in its previous G2G 2034 Strategy. The organization presently has an installed capacity of 1,786 megawatts. This capacity encompasses hydropower, geothermal, thermal, and wind energy sources. Managing Director Peter Njenga stated that the.... Read more »

Posted on : Tuesday , 30th June 2026

Vuga Traders Set to Boost Night Economy With New Street Lighting

The official launching ceremony for the development of thirty streetlights was taken over by Kwale County President Fatuma Achani. The project is a focused development program designed to improve the city's infrastructure and residents' quality of life. In order to enhance security and encourage night-time business activity, the Kwale County Administration has begun a street illumination project in the Vuga district of Tsimba Golini Ward..... Read more »

Posted on : Tuesday , 30th June 2026

Britam Tower Boosts Energy Independence with Solar System, Halving Grid Usage

A newly commissioned solar energy system has strengthened Britam Tower's position as one of Africa's tallest green buildings. The project produces enough electricity annually to supply the equivalent of one month's power consumption for around 2,000 households.Figures released by the Energy and Petroleum Regulatory Authority (EPRA) indicate that the average household in urban areas, including Nairobi, consumes approximately 200 kWh of.... Read more »

Posted on : Wednesday , 1st July 2026