Market News Page No. 1| Africa Business News

To Accelerate Solar Energy Deployment Across Africa Arnergy Secures $18 Million

An $18 million funding round has been successfully closed by Arnergy, a prominent distributed renewable energy solutions provider in Nigeria, with the goal of expediting the rollout of its solar energy systems throughout Africa. Bill Gates’ Innovative Energy Projects, ElectriFI (Electrification Financing Initiative), and a number of new climate-focused investors contributed to the capital round, which was led by All On, an off-grid.... Read more »

Posted on : Wednesday , 30th April 2025

Kenyan Government on Track to Achieve Universal Access to Electricity by 2030

IEA's latest Energy Policy Review of the country notes that the country has adopted ambitious implementation plans and electrified using clean energy technologies, which have established it as a leader in the region. Urban regions have already achieved full access to electricity, according to the research, which shows that access rates increased from 37% in 2013 to 79% in 2023. Since its launch in 2015, the Last Mile.... Read more »

Posted on : Tuesday , 29th April 2025

Ghana’s Timber Sector Surges Ahead with Strong Start to 2025

According to the latest Global Timber Index (GTI) Report, supported by the International Tropical Timber Organization (ITTO), Ghana’s GTI reached 68.2%, moving well above the 50% threshold. This significant improvement reflects an upward trajectory and renewed vitality within the country’s wood industry. Ghana’s strong performance stands out on the global stage, especially as many other countries recorded lower GTI scores due to.... Read more »

Posted on : Thursday , 10th April 2025

Woodland Classrooms: A Forest-Inspired Learning Village in Nairobi

Urko Sanchez Architects has designed a series of temporary classrooms for the Nairobi Waldorf School, nestled within forest clearings to create a village-like atmosphere for children. Wood plays a central role in this project, both functionally and aesthetically, establishing a deep connection with the natural environment. Wooden logs of varying heights wrap around the base of each classroom, helping the structures blend seamlessly into the.... Read more »

Posted on : Thursday , 10th April 2025

Libya Shines Bright with Solar Streetlight Project, Boosting Sustainability and Economic Growth

Libya is lighting the way towards a brighter and more sustainable future with its innovative solar streetlight project in the municipality of Qasr Al-Akhyar, located east of Tripoli. This visionary initiative seeks to replace traditional street lighting with state-of-the-art solar-powered systems, significantly improving public lighting while reducing dependence on conventional energy sources. A collaboration between the Ministry of Local.... Read more »

Posted on : Wednesday , 9th April 2025

In order to encourage industrialization, the government is driving manufacturing investments. (PS) at Kenya.

Dr. Juma Mukhwana, principal secretary for industry, has urged Kenyans to put money into the nation's manufacturing sector, claiming it has the capacity to spur economic growth and industrialization.Using shared production facilities established by the government at County Aggregation and Industrial Parks (CAIPs), Dr. Mukhwana said the State was enticing both domestic and foreign investors to enter the profitable industry. The PS stated that.... Read more »

Posted on : Friday , 4th April 2025

Chinese automaker JMC makes its debut in Kenya

In collaboration with Chinese manufacturer Jiangling Motors Corporation (JMC), Caetano Kenya has introduced the Vigus range of locally produced cars targeted at Kenyan professionals under the JMC brand in Kenya. The locally built JMC Vigus pickups, which use Completely Knocked Down (CKD) kits manufactured in China, will be sold by Caetano. It is anticipated that the agreement will boost employment, encourage skill development, and support.... Read more »

Posted on : Thursday , 3rd April 2025

Africa's First Regional Oxygen Production Network is Extended into Tanzania by Unitaid and Its Partners

Tanzania will now be included in Unitaid's East African Program of Oxygen Access (EAPOA), a US$22 million project aimed at creating sustainable medical oxygen supplies throughout sub-Saharan Africa. Tanzania is now beginning the second phase of the initiative, which was first introduced in Kenya in October 2024. Today's formal ground breaking ceremony in Dar es Salaam was attended by His Excellency Prime Minister Kassim Majaliwa. Prime.... Read more »

Posted on : Thursday , 3rd April 2025

China Provides Kenya With A Sh1.8 Billion Grant To Improve Hospitals

The government of Kenya received a Sh1.8 billion grant from China to upgrade important hospitals across the country, which has boosted the country's healthcare system. The agreement was signed at the Treasury Building this morning by Guo Haiyan, the ambassador of the People's Republic of China to Kenya and Treasury Cabinet Secretary John Mbadi. "This grant is a significant step in strengthening our healthcare infrastructure and.... Read more »

Posted on : Thursday , 3rd April 2025

TOYO to expand by 2 GW to Ethiopia's solar cell capacity

The Vietnamese solar solutions business TOYO has revealed plans to expand its capacity from 2 GW to 4 GW at its Ethiopian solar cell production facility. To increase output, TOYO plans to invest $47 million. Next to its current automated production location in Hawassa, Ethiopia, the company intends to lease a 28,000 square meter facility. With a 2 GW production capability, the company has finished building the first phase of the solar.... Read more »

Posted on : Wednesday , 2nd April 2025

Brighter Future: LED Lighting Revolutionizes Energy Access in Nigeria

As Nigeria strives for improved energy access and sustainability, innovative solutions are shaping a brighter future. One of the most transformative developments is the widespread adoption of LED lighting, offering a game-changing approach to power efficiency and affordability. LED lighting is emerging as a key solution, offering multiple benefits. It consumes significantly less power than traditional bulbs, reducing electricity costs and.... Read more »

Posted on : Wednesday , 2nd April 2025

Tanzania Signs $385 Billion Deal to Build East Africa’s Largest Conference Centre

The Arusha International Conference Centre (AICC) has entered into a cooperation agreement with the Public Service Social Security Fund (PSSSF) for the construction of the Mount Kilimanjaro International Conference Centre (MKICC), an a cutting-edge conference Centre valued at more than Sh385 billion. MKICC is expected to be completed in two years and operational by 2027, making it East and Central Africa's largest conference centre. The.... Read more »

Posted on : Tuesday , 1st April 2025