Market News Page No. 1| Africa Business News

AfDB Approves Significant Energy Access Financing for East Africa

Projects in Tanzania, Rwanda, and Zambia that assist power generation, transmission, and clean energy access have received funding approval from the African Development Bank (AfDB). Installing high- and medium-voltage undersea power lines to link the Mafia Islands and Zanzibar to the national grid will cost Tanzania $282 million. Through this project, power capacity will be increased from 143 MW to 440 MW, and 465,000 new customers will be.... Read more »

Posted on : Tuesday , 29th July 2025

Fixo creates solar energy jobs through its partnership with the WTS Foundation

Fixo Solutions has revealed its plans to incorporate trained technicians from WTS Foundation into Fixo’s platform, granting them direct access to employment opportunities throughout Kenya.This partnership marks a significant achievement for Fixo Solutions since its inception at the beginning of this year, as it broadens its e-hailing services to include specialized solar installation experts in addition to conventional handyman services. For.... Read more »

Posted on : Tuesday , 29th July 2025

57% of Kenya's Power is supplied by KenGen as the Demand Surges

According to recent estimates from the Energy and Petroleum Regulatory Authority (EPRA), the Kenya Electricity Generating Company PLC (KenGen) supplied more than 57% of Kenya's daily electricity generation to fulfil the country's soaring demand for power. In a statement, KenGen stated that its hydropower plants contributed 10,915 MWh to the country's output, while its geothermal units generated 13,678 MWh. Kiambere in.... Read more »

Posted on : Monday , 28th July 2025

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Posted on : Friday , 11th July 2025

President William Ruto in London: Kenya and UK Set Ambitious Trade Growth Target by 2030.

Kenyan President William Ruto is on an official visit to the United Kingdom, where he is expected to meet with British Prime Minister Keir Starmer to finalize a new strategic partnership agreement covering the period from 2025 to 2030. The deal, announced on Kenya’s national broadcaster on June 29, aims to deepen cooperation between the two countries in key areas including trade, innovation, climate action, and security.A major objective of.... Read more »

Posted on : Thursday , 3rd July 2025

China's GAC Group Launches Vehicles in Addis Ababa

As part of its move into the East African market, Guangzhou Automobile Group Co., Ltd. (GAC Group), a Chinese carmaker, has brought two of its electric vehicle (EV) models to Ethiopia. The company displayed its AION Y and ES9 models at a launch ceremony in Addis Ababa, the capital of Ethiopia. Speaking at the event, Zeleke Temesgen, commissioner of the Ethiopian Investment Commission, said the government has made strong steps to.... Read more »

Posted on : Thursday , 3rd July 2025

Japanese Government to Contribute Funds to the Unitaids Project That will Install Medical Oxygen Production Plants in East Africa

Unitaid, an international organisation that promotes access to cutting-edge health products in low- and middle-income countries, has chosen Nikkiso Co., Ltd. to deliver medical oxygen production plants as part of a regional health program. To increase local oxygen production, the initiative would install four air separation units in Tanzania and Kenya. In much of sub-Saharan Africa, medical oxygen is still critically scarce, despite being.... Read more »

Posted on : Thursday , 3rd July 2025

In Order to Increase Business, China Claims That It is going to Remove All Taxes on African Exports

China stated it will negotiate and sign a new economic agreement with Africa that will eliminate any taxes on the 53 African countries with which it has diplomatic relations. This agreement could help middle-income countries. The new program will level the playing field by providing middle-income nations with comparable market access to the duty- and quota-free market access that the Asian economic powerhouse provides to least developed.... Read more »

Posted on : Thursday , 3rd July 2025

Tanzania’s Development Plan Contains 27 Energy Priorities, Reveals Prof. Mkumbo

The government plans to proceed with the implementation of 27 energy-related priority projects, which are at various stages of development, under the 2025–2026 National Development Plan. By connecting 26 regions to the national grid, expanding the system to 9,351 km, lowering electricity losses to 7.9 percent, and increasing electricity access to 85 percent of the population, these projects seek to enhance electricity production by 4,915.... Read more »

Posted on : Wednesday , 2nd July 2025

Tanzania's Green Future to Restore Forests and Biodiversity

To support Tanzania’s national target of restoring five million hectares of degraded forests and landscapes, the country is implementing the Sustainable Environmental Restoration and Biodiversity Conservation Project. This effort is part of "The Restoration Initiative (TRI), a global collaboration involving countries i.e. Tanzania, Cameroon, Kenya, the Central African Republic, Pakistan, China, etc. Tanzania committed to land restoration under.... Read more »

Posted on : Tuesday , 1st July 2025

$300 Billion Project Set to Revolutionize Tanzania’s Electricity Sector

By 2030, the Standard Chartered Bank aims to allocate $300 billion toward green and transition-related projects. The bank and Angola's Finance Ministry also inked a 129 billion euro financing deal to expand the nation's solar-powered electrical lighting infrastructure. In order to reduce dependency on conventional light power grids, the project will build photovoltaic systems to sustainably lighten more than a million people in rural.... Read more »

Posted on : Tuesday , 1st July 2025

The Lamadi Water Project in Simiyu Benefits 85,000 People for 12.8 Billion

Over 85,000 households will benefit from the 12.8 billion dollar Lamadi Water Project, which was launched by President Samia Suluhu Hassan in Busega District, Simiyu Region. President Samia, who spoke at the event, reiterated the government's dedication to enhancing family welfare and promoting growth by guaranteeing the availability of essential social services throughout the nation. "I urge you to put in a lot of effort so that we.... Read more »

Posted on : Tuesday , 1st July 2025