Market News Page No. 44| Africa Business News

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

Kubik Receives $3.34 Million to Convert Plastic Trash Into Affordable Building Supplies.

Kubik, a firm with headquarters in Ethiopia, has announced a $3.34 million investment that it claims will be used to boost manufacturing.The firm was created in 2021 by CEO Kidus Asfaw and Penda Marre, a former UNICEF employee. Kubik turns plastic trash into inexpensive building supplies. As a result, it addresses two issues: plastic pollution and cheap housing. Kubik turns plastic waste into inexpensive, low-carbon building materials. The.... Read more »

Posted on : Wednesday , 2nd August 2023

The Sugar Sector Is Making Progress to Recover

The North Coast's sugar industry is making positive moves toward bounce back from an extended time of emergency.Tongaat Hulett's business salvage specialists (BRPs) declared their favoured purchaser for the striving sugar goliath, while Gledhow Sugar Organization distributed their proposed business salvage anticipate July 12. Together, the two organizations work each of the four still functional sugar factories on the North Coast - at.... Read more »

Posted on : Wednesday , 2nd August 2023

Tanzanian President Meets with African Development Bank to Accelerate Agricultural Reform Following the Dakar 2 Africa Food Summit

Tanzania's Leader Samia Suluhu Hassan held converses with an African Improvement Bank assignment drove by VP Beth Dunford to help the East African country's horticultural creation and food security. The gatherings, hung on 27 June, covered different improvement issues, remembering the Bank's acknowledgment of Tanzania's advancement for fostering its farming area following January's Dakar 2 Africa Food Culmination. President Hassan was.... Read more »

Posted on : Wednesday , 2nd August 2023

JAT Holdings PLC has expanded Its presence in african markets

JAT Holdings PLC, a Leader in the Wood Coating Market in Sri Lanka, Bangladesh, and the Maldives, Enters the African Market in July 2023 by Establishing "JAT Paints Africa Limited" in Kenya Through a Joint Venture With Mayleen Corp, a Diversified Business House With Headquarters in Kenya. Following Its Incredible Achievement in South Asia, This Strategic Step Will Be Expected to Strengthen Jat's Position as a Leader in Wood Coatings Across.... Read more »

Posted on : Monday , 31st July 2023

Indonesian Minister Says Pertamina Plans on Establishing Oil Refinery in Kenya

Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan revealed that state-owned oil and gas company Pertamina plans to expand its business to East Africa by establishing an oil refinery in Kenya. "Pertamina will enter Kenya after being asked to establish an oil refinery there. We also see an opportunity to bring their crude oil to Indonesia," Pandjaitan stated. Following a meeting with Pertamina's President.... Read more »

Posted on : Monday , 31st July 2023