Market News Page No. 29| Africa Business News

Tanzania Witnesses Significant Advancements in Power Generation

Tanzania has witnessed significant advancement of the electricity industry in the last 5 years, with the commissioning of key power generation projects. These projects have played an important role in expanding the country’s electricity generation capacity, improving access to electricity and rising economic development. Here are some of the key projects that have been under implementation and prioritised from 2017: The.... Read more »

Posted on : Wednesday , 16th August 2023

Cold Rooms Will Be Provided by Inspirafarms Cooling for Projects in Kenya That Danida is Funding

The programme "From Loss to Value (L2V)" has received a support from InspiraFarms Cooling, a top provider of cooling solutions for agricultural businesses, exporters, 3PLs, and food distributors throughout Africa. The project, which is supported by Danida Green Business Partnerships (DGBP), a division of the Danish Ministry of Foreign Affairs, aims to build on previous efforts to convince farmer cooperatives of the advantages of effective.... Read more »

Posted on : Friday , 11th August 2023

Kilimanjaro Trek4Mandela Supported by Genesis Energy Group with Namene Solar Lights

Genesis Energy Group, a company that develops energy infrastructure and manages assets, teamed up with the Imbumba Foundation to make a generous donation of Namene solar lights to illuminate the climb to the top of Mount Kilimanjaro in Tanzania on July 18.The Imbumba Foundation established the yearly journey, and the Nelson Mandela Foundation supported it. It exemplifies the core elements of Mandela's vision for Africa, including its solidarity,.... Read more »

Posted on : Thursday , 10th August 2023

Volkswagen Explores Financial Partners to Enter the Ethiopian Market

Worldwide automaker Volkswagen is searching for accomplices to reduce expenses and carry its reasonable vehicles to Africa, where it sees enormous development potential, the overseeing chief and director of Volkswagen Gathering Africa said. In a meeting with The Correspondent on Friday 05 August, Martina Biene said close by Volkswagen's work to connect shoppers with banks, specialists should likewise assume a part to do the.... Read more »

Posted on : Tuesday , 8th August 2023

Iran's Raisi Travels to Africa and Signs Up Agreements With Kenya

Iran has recently increased its diplomatic outreach to underdeveloped nations, first travelling to Latin America and now to Africa. As part of a three-nation tour to Africa that Tehran has hailed as a "new beginning" in relations with the continent, Iran's President Ebrahim Raisi was given a red carpet welcome by his Kenyan counterpart William Ruto on Wednesday. The first journey to Africa by an Iranian president in more than a decade,.... Read more »

Posted on : Tuesday , 15th August 2023

Kenya Promotes International Cooperation for Trade and Development

In order to achieve better results for the sustainable development goals, the Kenyan government has advocated for coordinated efforts in service provision. Dr. Juma Mukhwana, PS of the Ministry of Investment, Trade, and Industry (MITI), requested assistance from a UN organisation for the programme. The relationship with the United Nations Industrial Development Organisation (UNIDO), according to Dr. Mukhwana, would assure resource.... Read more »

Posted on : Tuesday , 15th August 2023

Kenya aims to capture 5% of the African pharmaceuticals market

Kipchumba Murkomen, Kenya's Cabinet Secretary for Roads and Transport, has emphasised President William Ruto's recently announced policy to make Kenya East Africa's pharmaceutical manufacturing hub by 2030, with pharmaceuticals exported across the continent.At the ceremony to present Kenya Airways Cargo with the International Air Transport Association's Centre of Excellence for Independent Validators Pharma certification, Murkomen served as the.... Read more »

Posted on : Friday , 4th August 2023

Iranian Businesses Agree to Distribute Vehicles Exclusively in Kenya

NAKURU, Kenya, - Quipbank Trust Restricted, East Africa's biggest gear imparting stage has marked an organization to Iranian car producers, Zamyad Organization and Iran's second-biggest vehicle maker, Saipa. Provincial Overseeing Overseer of the gear tenant, Paul Njeru said the plan will see the hardware leaseholder become the seller for different units including internal combustion Pickups and wholesaler for the mixture Light Business.... Read more »

Posted on : Friday , 4th August 2023

Tanzania and India's Haryana State Sign a MoU to Promote Trade and Investment

Tanzania Investment Centre (TIC) and the Foreign Cooperation Department of the Indian province of Haryana marked a Reminder of Figuring out (MoU) to upgrade exchange and speculation collaboration. The MoU covers different areas of shared interest, including cars, drugs, materials, designing, energy, synthetic compounds, manures, agrarian items, science, training, and the travel industry. Gilead Teri, Leader Overseer of TIC expressed.... Read more »

Posted on : Friday , 4th August 2023

Kuria Is Optimistic That 47 County Industrial Parks Will Be Built In a Year

NAIROBI, Kenya - Exchange Bureau Secretary Moses Kuria has oozed certainty that every one of the country's 47 areas will have modern parks by August 2024. Kuria expressed that the public authority was well on course to build the Area Collection and Modern Parks (CAIPS) which it expects to use on prodding the country's monetary development. During the gathering, Kuria noticed that it arose "that 32 out of 47 Areas have no type of.... Read more »

Posted on : Friday , 4th August 2023

OFID and Partners Support Tanzania's Renewable Energy Ambitions with USD60 Million Loan

A new USD60 million loan by the OPEC Fund for International Development (OFID) and partners is expected to significantly strengthen energy security in northwest Tanzania. The project will include constructing a 166 km overhead transmission line connecting the Kagera region to the national grid, replacing the current energy supply from Uganda with local hydropower resources. Tanzania has enormous potential in the field of renewable.... Read more »

Posted on : Thursday , 3rd August 2023

Sh47 Trillion Carbon Trading Investment A Boost for Tanzania

Producing and selling carbon offsets is finally becoming a lucrative business in Tanzania, with the government reported to have attracted over 20 companies that are set to invest over US$ 20 billion (Sh46.9 trillion). Minister of State in the Vice President's Office (Union and Environment), Dr Selemani Jafo, said since the regulations and guidelines on carbon trading were adopted last October the investment has attracted more than US$ 1.... Read more »

Posted on : Thursday , 3rd August 2023