Market News Page No. 3| Africa Business News

Kenya Introduces a National Electric Mobility Policy to Promote Sustainable, Efficient, and Cleaner Transportation

A major milestone in Kenya's transition to a more efficient, more effective, and renewable transport system was taken today with the official launch of the National Electric Mobility (e-Mobility) Policy by Cabinet Secretary for Roads and Transport Mr. Davis Chirchir, EGH. The adoption of electric vehicles (EVs) would drastically lower Kenya's annual petroleum import bill, which is currently estimated at US$5 billion and puts a significant.... Read more »

Posted on : Monday , 2nd March 2026

Kenya’s Construction Sector Surges as Government Unlocks Road Projects

Kenya’s construction sector has staged a dramatic comeback, recording triple-digit growth in the third quarter of 2025 as the government cleared pending bills and restarted major road projects across the country. The rebound signals renewed momentum in infrastructure development, with ripple effects already visible in cement consumption, employment, and contractor activity.According to data from the Kenya National Bureau of Statistics (KNBS),.... Read more »

Posted on : Monday , 2nd March 2026

Tanzania and Uganda begin the $250 million 400 kV power interconnector procurement process.

Uganda and Tanzania have initiated the procurement process for a major 400kV power interconnector, which is projected to strengthen regional electricity trade. The Uganda Electricity Transmission Company Limited (UETCL) recently organized an early market engagement meeting in Kampala to inform contractors, engineers, and other stakeholders about the technical aspects of the project and the updated funding conditions. The project, which is.... Read more »

Posted on : Monday , 2nd March 2026

Empowering Tanzania with Energy, Water, Security, and Telecom – Gadgetronix

In 2025, Gadgetronix concentrated on rural water dispensing infrastructure, water treatment systems, solar water pumps, and hospital solarization. Many remote medical facilities depend on dependable energy for continuous supply of surgical equipment, labs, vaccine refrigeration, and emergency illumination.Gadgetronix was awarded a contract to design, develop, install, and maintain off-grid solar systems for 17 health institutions that serve host.... Read more »

Posted on : Monday , 2nd March 2026

Tanzania Wood Industry Gains Momentum Amid Global Shift in Machinery Markets

Tanzania’s wood and furniture sector is emerging with strong long-term potential, supported by global technological advancements and shifting market dynamics. According to Acimall, global wood-machinery production reached €2.168 billion last year, reflecting a natural correction after record highs of €2.530 billion in 2021, €2.646 billion in 2022, and €2.650 billion in 2023. While this marks nearly 20 per cent rise over 2023, it.... Read more »

Posted on : Monday , 2nd March 2026

Kenya Invites India to Mine Rare Earth Minerals to Fuel Tech Ambitions

Kenya has officially invited India to start mining its enormous reserves of rare earth minerals, including lithium, as both countries seek to establish the vital supply chains required for the production of semiconductors in the future. Attending the Carnegie India AI Impact Summit, Mary Kerema, Secretary-ICT, Government of Kenya, emphasised that Kenya is prepared to transition from exploration to active cooperation. She mentioned that the.... Read more »

Posted on : Monday , 2nd March 2026

Kenya announces its industrial development policy agenda

The 2026 Manufacturing Priority Agenda (MPA) was introduced by Kenyan businessmen in an effort to strengthen the nation's manufacturing industry. The Kenya Association of Manufacturers' CEO, Tobias Alando, told reporters in Nairobi, the country's capital, that the policy paper is a workable and urgent road map for realizing the manufacturing sector's full potential. "The MPA 2026 provides a clear blueprint for industrial transformation.... Read more »

Posted on : Monday , 2nd March 2026

Green Mobility Accelerates as Chinese-backed EV Vehicles Hit Tanzanian Roads

Tanzania’s move toward environmentally friendly transport is accelerating with the rollout of the country’s first electric dual-cab pickup trucks, developed through Chinese technology and supply collaborations.Jenga Taifa Pamoja Auto Limited (JTP Auto), a local electric mobility firm, has partnered with prominent Chinese original equipment manufacturers (OEMs) to introduce cost-effective electric vehicles designed specifically for Tanzanian.... Read more »

Posted on : Thursday , 2nd April 2026

Egypt offers Kenya a $100 million financial package for the construction of dams and water infrastructure

In a fresh diplomatic effort to promote regional water cooperation within the Nile Basin, Egypt has proposed a $100 million financing mechanism to help Kenya build dams and enhance its water infrastructure. The proposal was finalized on February 16, 2026, following formal meetings in Nairobi between Kenyan Prime Minister Musalia Mudavadi, Egypt's Foreign Minister Badr Abdelatty, and Water Resources Minister Hani Sewilam. The money would go.... Read more »

Posted on : Monday , 2nd March 2026

As Trade, Security and Health Cooperation Continue to Grow, the U.S. Reaffirms Strategic Partnership with Kenya

The United States and Kenya have reaffirmed their strong bilateral partnership, with a renewed focus on expanding trade relations and moving forward with negotiations for a comprehensive trade agreement that could drastically alter investment flows, digital commerce and tariffs between the two nations. President William Ruto and U.S. Deputy Secretary of State Christopher Landau, who is now in Kenya on a two-day official visit, held.... Read more »

Posted on : Thursday , 12th February 2026

Laikipia Introduces Motorbike Ambulances to Improve Child and Maternal Healthcare

In order to increase access to emergency medical care for pregnant mothers and babies, especially in isolated areas of Laikipia North where bad roads and long travel times to hospitals continue to be significant obstacles, the Laikipia County Government has introduced a new fleet of motorcycle ambulances.Launched on Wednesday, February 4, 2026, the project aims to save lives by facilitating faster medical response in remote locations where.... Read more »

Posted on : Friday , 6th February 2026

Affordable Healthcare for all Tanzanians To be Ensured by UHI

As the national launch draws near, the government has confirmed that the Universal Health Insurance (UHI) will ensure that every Tanzanian has equitable and reasonably priced access to healthcare, signifying a significant change in the nation's healthcare system.Speaking at a recent strategic meeting with frontline medical staff and executives from Ministry of Health institutions at Benjamin Mkapa Hospital (BMH) in Dodoma, Minister of Health.... Read more »

Posted on : Friday , 6th February 2026