Market News Page No. 143| Africa Business News

LED AND OLED HELPING TANZANIA GET LIT

Constant progression on ‘Lighting Africa’ , an initiative of (IFC & World Bank), is further fuelling the growth of lighting products market in the region of East Africa. Driven by factors such as a growing subscriber base for smart phones and increasing consumers spending on television services is what the growth of the LED and OLED display market in Africa is depending on.The OLED and LED display markets in East Africa are.... Read more »

Posted on : Friday , 12th April 2019

22 Solar-hybrid mini-grids are to be Tanzanians Next big project in progress.

To contribute to the development of a commercial market for quality-verified solar lanterns and SHS is the overall goal of the Lighting Africa – Tanzania project .By end 2019 access to cleaner and safer off-grid lighting and energy for 6.5 million people in Tanzania is their target. Focusing on predominantly low income households and micro businesses which are among the population who are at the bottom of the pyramid. After conducting a.... Read more »

Posted on : Thursday , 11th April 2019

EMERGING DYNAMICS AND FUTURE OF TANZANIANS AUTOMOTIVE INDUSTRY

Foton Motor Company a Chinese automobile maker is establishing a truck assembling plant in Tanzania in order to extend its foray in the East African region.The firm’s strategy to set up the facility is in line with the country’s fifth phase of the governments target’s on industrialization. The President John Magufuli has pushed the dream in the country as he looks to make a significant impact before his time as a President.... Read more »

Posted on : Wednesday , 10th April 2019

TANZANIA STEPPING UP IN THE NATURAL WEALTH RESOURCE AND MINING SECTOR

After South Africa, Ghana and Mali Tanzania is the 4th largest gold producer in Africa. The mining industry has experienced an estimated 8.5% growth in 2018 to stand at an estimated valued of USD 960 million, compared to last year’s growth of 3.09% and a value of US$ 880 million. 40% year on year (y-o-y) increase in gold output in 2018 was projected by one of the largest mining companies Acacia mining in the country.... Read more »

Posted on : Tuesday , 9th April 2019

Africa Welcome's Denmark Company, Norden Danish

Expanding its operations to Africa the Norden Danish shipping company is expected to open an office by the end of the year hopefully. Africa will get its boost as this company invent, which will lead to penetration in the market which eventully will effect the growth of the country. It will establish its eleventh office at its new location in Abidjan, Ivory Coast. The company has its hands on not only Africa but.... Read more »

Posted on : Tuesday , 9th April 2019

East Africa portrays solid monetary development says AfDB report

Economic growth in East Africa is soaring ahead of other regions on the continent at close to 7 percent while the overall outlook for the rest of Africa is cautious, but positive, a report by African Development Bank has observed. Job creation and ramping up manufacturing will continue to be major priority areas for creating growth and employment across the continent, says AfDB. The Bank launched four of its five regional economic.... Read more »

Posted on : Monday , 8th April 2019

ESTABLISHING A NEW AGE OF MACHINES IN KENYA

The best selection of products and technology from all segments of the latest global trends is been bought to Kenya byTools and Equipments in Kenya . Until recent times Kenya was not making substantial growth in the field of industrial machines. They are able to perform all work needed in the running of an industry. Recently machines have started playing an important role eliminating human labor to a certain extent.... Read more »

Posted on : Monday , 29th April 2019

KENYAS PACKAGING THROTTLED TO A WHOLE NEW LEVEL

Kenya is almost entirely dependent on imports for, raw materials for plastic packaging at present. In the Kenya the most demanded material in the field of packaging market is polyolefin, followed by PET.Kenya’s East African market is one of the leading regional packaging markets. The increase in per capita income in Kenya has led to an increase in packaged foods and fast-moving consumer goods. Especially the plastic packaging and food.... Read more »

Posted on : Friday , 5th April 2019

Tshwane, capital of South Africa is all set to become a leading automotive investment destination in Africa

The Automotive Industry Development Centre (AIDC) has begin the first step of a R50 billion mega-development which will see Rosslyn, north east of Pretoria, become the new automotive manufacturing capital of South Africa, and a leading automotive investment destination in Africa. South Africa’s capital, City of Tshwane, is set to become the automotive capital of Africa with the development of Rosslyn Hub, a R50 billion Auto City.... Read more »

Posted on : Friday , 5th April 2019

OPPORTUNITIES FOR SMALL SCALE FOOD PROCESSING INVESTMENT IN KENYA

Kenya stands out as a huge business hub among all the countries in the East and Central African sub-regions, in terms of GDP, the economy of Kenya is the largest in the region with 53.40 USD by records that are available. It is also one of the top ten economies in the entire continent of Africa and there exist huge opportunities for small and medium-scale businesses that are involved with processing of food in this East African country. The.... Read more »

Posted on : Thursday , 4th April 2019

Kenya an attractive market for consumer products

Various types of deodorants and fragrances are cosmetics products increasingly being used. High demand for cosmetics has led to the cosmetic market growth all over the world and not only in Kenya. The key drivers as far as Kenya is concerned are the economy that includes a strong population growth, a growing number of middle-class people and a workforce which is educated. Increase in the growth of the beauty and personal care market in Kenya,.... Read more »

Posted on : Thursday , 4th April 2019

2.5 Billion Euro Funding By France To Boost Africa's Industrial Growth

African start-ups and small businesses up to 10,000 stand to receive financial and technical support to the tune of Sh282.5 billion (€2.5 billion) under a newly launched entrepreneurship drive by visiting French President Emmanuel Macron. The Choose Africa campaign seeks to ignite innovative and entrepreneurial ideas among African youth and help create home-grown jobs and wealth. Africa holds the largest portion of.... Read more »

Posted on : Thursday , 4th April 2019