Market News Page No. 17| Africa Business News

$2 Billion Massive New Nairobi Airport to be Constructed in Kenya

The President of the Republic of Kenya, His Excellency Dr. William Samoei Ruto, is set to tap financial support from the United States of America during his visit that he is poised to make to the capital of US Washington DC in the coming month for the upcoming New Nairobi Airport project is set to help the capital of Kenya, Nairobi, attract more international passengers to places like the US, the United Kingdom (UK), and also the Middle East..... Read more »

Posted on : Friday , 3rd May 2024

Avira Resources Limited Announces Initial Exploration on Copper and Gold in Kenya

Avira Resources (ASX:AVW) has signed an agreement with Goitom Mining to acquire up to an 80% stake in the Meru Copper-Gold Project in central Kenya. Avira describes the geology as a sequence of gneisses, schists, quartzites, and crystalline limestones. A single grab sample from recent on-site fieldwork included 10.32% copper, 4.68 grammes per tonne gold, and 2,090 parts per million nickel. According to the terms of the earn-in agreement, Avira.... Read more »

Posted on : Wednesday , 1st May 2024

East African Economy Set to Grow by 5.1% in 2020, Led by Kenya, Rwanda, and Tanzania

A recent report by audit, tax, and consulting firm RSM (Eastern Africa) Consulting Ltd, titled "The East African Economic Outlook 2024," unveiled at the EAC CEO Roundtable in Nairobi, forecasts the region to maintain its lead in Africa's growth, with a projected expansion of 5.7 percent in 2025. Kenya is expected to sustain robust real GDP growth at 5.2 percent, with inflation easing to around 6.5 percent in 2024, closer to the central bank's.... Read more »

Posted on : Wednesday , 1st May 2024

Water Pipes Worth Sh10 Million Are Provided For A Murang'a Irrigation Project

The Kiarutara/Mwago irrigation project in Gatanga Sub County, Murang'a, has received water pipes valued at Sh. 10 million from the national government through the Ministry of Water and Irrigation. In order to encourage irrigation farming, the pipes would make it easier to distribute water to 12 villages in the upper regions of Gatanga Sub County. Irrigation Principal Secretary Ephantus Kimotho praised the 2010-established project,.... Read more »

Posted on : Tuesday , 30th April 2024

Kenya: Government Prioritizes to Fast-Track Key Infrastructure Projects

The government is committed to accelerating the implementation of key infrastructure projects in counties with the help of the National Government Development-County Implementation, Coordination and Management Committees (NGD-CICMC). As stated by Kwale County Commissioner Stephen Orinde, the government strategies to wrap up megaprojects as swiftly as possible so that they can fully contribute to the economy at large. Orinde stated that the.... Read more »

Posted on : Tuesday , 30th April 2024

Three-Year EV Adoption Plan in Kenya Involves an Investment of USD 1.9 Million

The nation's energy distributor, Kenya Power, announced that it will invest a total of 1.93 million US dollars over the next three years to promote the use of electric vehicles (EVs) in Kenya. According to Kenya Power Managing Director Joseph Siror, the investment pays for the development of charging stations at various locations throughout the nation as well as the expense of buying electric vehicles and motorcycles to assist commercial.... Read more »

Posted on : Monday , 29th April 2024

Officials from Uganda and Tanzania Discuss Energy and Mining Cooperation

To discuss bilateral cooperation in the energy, mining, oil, and gas sectors, a delegation from the ministry of energy is in Tanzania. The delegation was led by energy minister Ruth Nankabirwa, He stated That "We are in Dar es Salaam, Tanzania, and we met the Deputy Prime Minister and Minister of Energy, Dr. Doto Biteko to discuss the current state and prospects for bilateral co-operation in the energy, mining, oil, and gas sectors to.... Read more »

Posted on : Monday , 29th April 2024

Ethiopia's Regional Renewable Energy Integration Hailed By IRENA

Ethiopia's Regional Renewable Energy Integration was commended by the Director General of the International Renewable Energy Agency (IRENA). The International Renewable Energy Agency (IRENA) Assembly convened its fourteenth session in Abu Dhabi, United Arab Emirates. The assembly was attended by the Ethiopian delegation, which was led by Omar Hussien, the ambassador to the United Arab Emirates, and Habtamu Etefa, the minister of.... Read more »

Posted on : Thursday , 25th April 2024

Energy Ties between Ethiopia and Its Neighbours Take a Leading Role

ADDIS ABABA – The Ministry of Water and Energy (MoWE) stated that Ethiopia is taking the lead in forging energy connections with its neighbours and that electricity supplies to Sudan are still going strong. On the fringes of the World Future Energy Summit, taking place in Abu Dhabi from April 16–18, 2024, MoWE Minister Habtamu Itefa (PhD–Eng.) made the aforementioned statement. The Minister claims that while Ethiopia continues to.... Read more »

Posted on : Thursday , 25th April 2024

Medexpo Kenya is back in Nairobi at Sarit Expo Center

"The 24th MEDEXPO KENYA 2024" will be in Nairobi this month from the 17 - 19 April 2024 at the Sarit Expo Center in Nairobi. The premier trade exhibition will be inaugurated by Hon. Juma Mukhwana, the Principal Secretary, for the State Department of Industry, Ministry of Investments, Trade, and Industry at 11 AM East Africa Time. The opening ceremony will be attended by Ambassadors and High Commissioners from various countries along with.... Read more »

Posted on : Friday , 12th April 2024

60 Vaccination Coolers Distributed by Nyeri County Government

To improve vaccine storage, the Nyeri County government will provide 60 coolers to public health facilities and dispensaries for Sh30 million. Eight sub-counties will receive the cold chain (regular immunisation) equipment, which is used to store vaccines, at a few chosen health facilities. Governor Mutahi Kahiga declared during the flagging-off of the equipment at his office, "This marks a significant milestone in our.... Read more »

Posted on : Wednesday , 10th April 2024

Kiambu County Government Sets up first solar street light project in Fort Jesus

The first solar street lighting project in Kiambu was put into service by the Kiambu County Government in Fort Jesus, Ruiru Sub-County. The integrated solar street lighting was introduced as part of the urban transformation strategy by Governor Kimani Wamatangi, Ms. Salome Muthoni, CECM of Lands, Housing, Physical Planning and Municipalities and local MCAs. Speaking to the Fort Jesus community, Wamatangi declared that 35 of the.... Read more »

Posted on : Wednesday , 10th April 2024