Market News Page No. 46| Africa Business News

Egyptian investors interested in the Kenyan manufacturing sector

According to a government official, the Egyptian business community is eager to invest in Kenya's manufacturing sector to help the east African country's industrialization agenda. Egyptian Ambassador to Kenya Khaled el Abyad stated in Nairobi, Kenya's capital, that bilateral investment and trade partnerships must go beyond traditional agricultural products. "Egyptian companies are exploring opportunities such as joint ventures,.... Read more »

Posted on : Wednesday , 12th October 2022

Tanzania, Qatar End Double Taxation Inking Trade and Investment Pact

Tanzania and Qatar have signed a MoU to end double taxation and strengthen trade and investment ties with the United Arab Emirates (UAE). A media statement issued by the State House says the objective of the MoU is to 'enhance trade and investment cooperation and partnership between business communities from Tanzania and Qatar.' To strengthen trade and investment among the countries, the statement specifies several areas of priority,.... Read more »

Posted on : Wednesday , 12th October 2022

Ethiopia Eyes Attracting Turkish, Dubai Business to Free Zone

An official tour to Turkey and Dubai was made by a delegation that included representatives from several institutions and was led by the Deputy CEO of Ethiopia’s Industrial Park Development Corporation (IPDC), Addisu Mamo, and the Head of Transformation and CEO, Fitsum Ketema, according to the information from IPDC. “The teams hosted investment promotion seminars in the UAE and Turkey’s Istanbul Free Trade Zone (DESBAS) to discuss.... Read more »

Posted on : Wednesday , 12th October 2022

Egypt remains dedicated to providing healthcare to Tanzania.

Egypt has reaffirmed its commitment to helping Tanzania raise the standard of healthcare services offered there. Mohamed Gaber Abulwafa, the Egyptian ambassador to Tanzania, reaffirmed the promise while presenting medical supplies to the Medical Stores Department (MSD) office in the Dar es Salaam region. He stated that through the Egyptian Agency of Partnership for Development (EAPD), his nation will continue to support the Tanzanian.... Read more »

Posted on : Tuesday , 11th October 2022

Kenya Setting Up Standards For Biogas Packaging

Kenya is setting up standards that will pave the way for the commercialisation of biogas, a move that will offer cheap energy for consumers in the wake of the high cost of LPG and generate revenue for producers, according to Business Daily Africa. Kenya Bureau of Standards (KBS) said it is working on the norms for the packaging of biogas, which is the only thing that has been missing in the commercialisation of the methane gas made from.... Read more »

Posted on : Tuesday , 11th October 2022

Ruto to Construct the Tanzania-Kenya Gas Pipeline

Kenya intends to pursue the construction of a gas pipeline linking Tanzania's main city, Dar es Salaam, to the coastal city of Mombasa and on to the capital Nairobi, in a bid to reduce energy costs, Kenya's president William Ruto has said. The 600km pipeline has been estimated by local reports to cost around US$1.1bn (£990m). The President spoke to Tanzanian media on 3rd October, shortly after holding bilateral talks with President.... Read more »

Posted on : Tuesday , 11th October 2022

Ethiopia witnesses an increase foreign direct investment.

Ethiopia attracted approximately 3.31 billion US dollars in Foreign Direct Investment (FDI) in the Ethiopian fiscal year 2021/2022, according to the Ethiopia Investment Commission (EIC). In a press release, EIC stated that 168 investors obtained investment licences during the fiscal year 2021/2022, with 100 investors obtaining investment licences in the manufacturing sector, 62 investors obtaining investment licences in the services sector,.... Read more »

Posted on : Monday , 10th October 2022

Government of Ethiopia benchmarks Set to Copy, KEMSA Operations

In an effort to implement KAIZEN principles at the Ethiopian Pharmaceuticals Supply Service, the delegation headed by Dereje Duguma, Ethiopia's Minister of Health, engaged KEMSA and benchmarked their operations (EPSS). According to KEMSA CEO Terry Ramadhan, the operating system helped the organisation rank among the best in sub-Saharan Africa. KEMSA's CEO said that the idea has helped the authority's transparency and end-to-end.... Read more »

Posted on : Monday , 10th October 2022

Innovation is at the core of Kenya's new plastics circularity plan.

The Kenya Plastics Pact has presented the nation's new plan for creating a circular economy for plastics by 2030. The roadmap includes a number of important components, such as innovation and industry dialogue. Kenya is implementing a coordinated action plan to hasten the growth of the circular economy for plastics. The Kenya Plastics Pact (KPP), which was established in March 2022, stakeholders just approved and published the agreement..... Read more »

Posted on : Tuesday , 4th October 2022

AFSA and CCC-E are collaborating to create a plan to reform the food system in Africa.

A recent climate summit was held in Addis Abeba, Ethiopia, thanks to the efforts of the Consortium for Climate Change Ethiopia (CCC-E) and the Alliance for Food Sovereignty in Africa (AFSA). To discuss and establish a distinct African perspective for the next United Nations Climate Change Conferences, over 150 climate actors from 32 African countries, including small-scale food producers, youth, women, academics, environmentalists, and.... Read more »

Posted on : Tuesday , 4th October 2022

Four more Kenyan towns are now served by Uber

Eldoret, Nakuru, Naivasha, and Kisumu are the four new cities in Kenya where Uber has announced its expansion. Now accessible in 8 East African cities, the expansion strengthens Uber's position there. Since the company's 2013 start, it claims to have performed 1 billion trips in Africa. The business also unveiled new features, updates, and solutions geared toward delivery, travel, and safety in Kenya. With the introduction of.... Read more »

Posted on : Friday , 30th September 2022

Jumia Kenya will launch an electric vehicle for delivery services in Kenya

Jumia Kenya has announced that it would soon start using electric e-Vans for deliveries done in Kenya. The electric e-Vans are a new addition to the delivery fleet that already comprises boda bodas, trucks, and vans for delivering items, food, and beverages to consumers. Jumia will purchase its electric e-Vans from Biliti Electric, a California-based developer of EV solutions. After finishing the pilot project, the two businesses.... Read more »

Posted on : Friday , 30th September 2022