Market News Page No. 112| Africa Business News | Afrotrade

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Ethiopian Government Launches Locally-Assembled Electric Car

Ethiopia has unveiled a locally-assembled electric car from Marathon Motor, a joint venture between Korean auto giant Hyundai and Olympic champion Haile Gebrselassie.Mr Haile delivered the vehicle to Ethiopian Prime Minister Abiy Ahmed."As we Transform Ethiopia's greening and climate-resilient aspirations into concrete actions through the Green Legacy initiative and Sheger and Entoto Parks, this morning I received the first electric car fully.... Read more »

Posted on : Monday , 10th August 2020

After Three-Year Gap Isuzu Steps Back In Tanzania

Isuzu East Africa has declared its return to the Tanzanian market after three years. In the event, it also disclosed its local distributor. The automotive assembler said in a statement that the return aimed at expanding its footprint in the region.The global automotive firm appointed a subsidiary of the Egyptian firm Al Mansour Auto EA (Tanzania) Ltd - a globally esteemed company - as its authorised distributor in the region with effect from.... Read more »

Posted on : Monday , 10th August 2020

Tanzania: AFD lends Euro 230M for electricity, water and sanitation

Permanent Secretary, Mr. Doto M. James, Ministry of Finance and Planning of the Government of Tanzania and Mrs. Stephanie Mouen, French Development Agency (AFD) country Director, signed 3 financing agreements for a total sum of 230 Million Euro (approximately 600 Bn TZS), in the presence of the French Ambassador. These funds are concessional loans targeting at improving electricity access in rural areas, enhancing the security and supply of.... Read more »

Posted on : Friday , 7th August 2020

USD 99.89 million road upgrade project confirmed by KeNHA in Kenya

The Government of Kenya, through the state-owned Kenya National Highways Authority (KeNHA), is planning to undertake a USD 99.89 million Kiambu to Thika road upgrade project, which will see an upgrade of 62 kilometers of road connecting Kiambu Road and Thika Highway at B30 / A2. The road upgrade from Kiambu to Thika begins at Junction B32 / B30 on Kiambu Road and continues through Kirigiti, Riabai, Ngewa, Kibichoi, Nembu, Ichaweri, Gatundu,.... Read more »

Posted on : Friday , 7th August 2020

Kenya will rehabilitate the Nakuru-Kisumu railway line from this month

Kenya's national government is expected to begin reconstruction of the old / metre-gauge railway line from Nakuru to Kisumu this month through national railway cooperation (Kenya Railways Corporation). It is according to Philip Mainga, the managing director of Kenya Railways. Mr. Mainga said the project would be carried out within 8-12 months by Kenya Railway Engineers, National Youth Service Women and local youth. Originally, Kenya.... Read more »

Posted on : Friday , 7th August 2020

Kenya seeks a Nairobi Expressway Plan consultant

The Republic of Kenya's national government, through the Ministry of Transport, Infrastructure, Housing, Urban Development and Public Works, represented by the Kenya National Highways Authority (KeNHA), a state-owned company formed under the Kenya Roads Act with the mandate to manage, build, rehabilitate and maintain national roads, is in search of a consultancy firm for the ongoing Nairobi Expressway Project.The authority has already published.... Read more »

Posted on : Friday , 7th August 2020

Kenya on course for $5 billion nuclear plant to power industry

Kenya's nuclear agency submitted impact studies for a $5 billion power plant and reported that it's on course to construct and start operating the facility in about 7 years. By 2030, the country is scheduled to have installed 4 GW of nuclear energy, which will enable it to generate 19 % of its energy consumption tally.The Government plans to multiply its nuclear-power capacity fourfold from a planned initial 1,000 megawatts by 2035, the Nuclear.... Read more »

Posted on : Friday , 7th August 2020

Ethiopia gets Euro 117.3m Danske Bank loan to boost energy

The Ethiopian government signed a loan agreement of Euro 117.3 million with Danske Bank A/S to fund the Assela Wind Farm project.The agreement was signed by Ethiopia's Minister of Finance and Mr. Jelsper B. Petterson and Olaf S. Mark Schet, Director and Associate Director of Danske Bank A/S, respectively. The agreement was signed virtually.The total cost of the project is Euro 146 million, of which Euro 117 million loan will be covered by the.... Read more »

Posted on : Friday , 7th August 2020

Ethiopia signs $800 million geothermal power purchase agreement

Ethiopia has recently signed a power purchase agreement worth $800 million with the developers of a 150 MW geothermal plant.The Horn-of-Africa nation, which is also the second most populated on the continent, has the second biggest electricity deficit in Africa according to the World Bank, with about two thirds of the population requiring a connection to the grid.Prime Minister Abiy Ahmed stated, "Geothermal enhances our energy security by.... Read more »

Posted on : Friday , 7th August 2020

Tanzanian recycling plant is retooling plastic bottles to face masks

A recycling plant in Tanzania has started making and selling plastic face masks during the COVID-19 pandemic. The plant used to process and export waste paper to customers in China and India. In recent weeks the business has made 6,000 units that sell for around two dollars each. A recycling plant in Tanzania’s port city of Dar es Salaam has traded paper for plastic bottles and started making anti-coronavirus face shields that are.... Read more »

Posted on : Thursday , 6th August 2020

Fashion industry turning up-cycled plastic into garments

The local fashion industry has turned upcycled waste materials into garments as a way to use plastic for good. Among the items is a trench coat created by VIVIERS Studio, made up of disposable sterilisation medical fabric that was previously used in hospital theatres as sheets or packaging of used apparatus. The fashion industry is a very problematic space, but on a positive note we have been working to raise awareness about plastic and how.... Read more »

Posted on : Thursday , 6th August 2020

Tanzania set to lead in bloc power production

Tanzania in the next 3 years will become the prominent power producer and supplier in the East African region following the fifth phase government bold move to implement the Julius Nyerere Hydropower project along Rufiji River in the Coast Region.The mega flagship development power project which is financed 100 per cent by the government at a cost of TSh 6.55 trillion, commenced in June last year and is set for completion in the next two.... Read more »

Posted on : Wednesday , 5th August 2020

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