Market News Page No. 6| Africa Business News

The African Development Bank Has Granted a $75 Million Loan to Improve Cardiovascular Disease Preventive and Treatment Capacity

The African Development Bank's Board of Directors has granted a $75 million loan to Tanzania to cover the second stage of the Centre of Excellence for Skills and Tertiary Education in Biomedical Sciences project. The project's overall cost is anticipated to be $83.3 million, with the Tanzanian government giving $8.33 million in counterpart funding. The project will last five years, from 2025 to 2029. The overall objective is to create.... Read more »

Posted on : Wednesday , 4th December 2024

Afreximbank Collaborates With Med Aditus to Increase Local Pharmaceutical Production of Vital Medicines in Kenya

African Export-Import Bank (Afreximbank) and Kenya-based Med Aditus Pharmaceutical Kenya Limited (Med Aditus) have signed a heads-of-terms agreement for a project preparation facility on the sidelines of the fourth African Sub-Sovereign Governments Network (AfSNET) Conference in Kisumu, Kenya. The project preparation facility will be used to help fund feasibility studies for the establishment of Med Aditus' pharmaceutical manufacturing.... Read more »

Posted on : Wednesday , 4th December 2024

Kenya Aims to Catch Up to Developed Countries in the Green Energy Revolution at Cop29 in Baku

Solar energy has been used since the 17th century, when photovoltaics (PV), a technology that uses semiconducting materials to turn sunlight into electricity, was first developed. Despite continuous discussion regarding the technology's origins, solar panels have unquestionably secured a place in the global clean energy industry. Delegates to the UN Framework Convention on Climate Change, especially those from wealthier nations, have.... Read more »

Posted on : Monday , 2nd December 2024

Growth in Investment and New Energy Possibilities in African Nations

Africa's energy landscape is experiencing an enormous shift and the continent is seeing a large influx of investments and opportunities. International investors, development institutions, and private sector players are showing interest in the continent, which is becoming a major player in the global energy transition due to its abundance of natural gas and renewable energy supplies. Africa is now at the forefront of the development of.... Read more »

Posted on : Monday , 2nd December 2024

Australia Invests $3.6 Billion in Tanzania Mining Industry

According to a recent Tanzanian government estimate, mining contracts with Australian businesses have been worth over Sh 10 trillion ($3.6 billion) over the last two years, according to the Australian High Commission. This was said by Mr. Scott Morriss, the Trade Commissioner for Africa at the Australian High Commission, at the city's Australian Tanzania Mining Breakfast panel discussion. Although the amount of investment and Australian mining.... Read more »

Posted on : Monday , 2nd December 2024

$10 Billion SGR Project Transforms Tanzanias Economy and Regional Connectivity

Tanzania's segment of the Standard Gauge Railway is taking shape, and when completed, it will serve as Africa's longest railway line. Tanzania's government has underlined the revolutionary economic benefits that the expanding railway has brought to the country thus far. Tanzania's SGR commenced operating in June and amounts to a $10 billion project. The Tanzania Railway Corporation (TRC) is constructing a.... Read more »

Posted on : Monday , 10th February 2025

The Role of New LED Lighting Projects in Improving School Facilities Across Kenya

The United Nations Environment Programme (UNEP) Copenhagen Climate Centre is supporting a pilot project that is outfitting 100 Kenyan boarding schools with low-cost, energy-efficient light-emitting-diodes or LED lighting, which will allow school administrators to save money and keep lights on longer. The project is a collaboration with Sustainable Energy for All, a UN-hosted initiative, and Kenya’s Ministry of Education. It is part.... Read more »

Posted on : Monday , 2nd December 2024

The Dutch Government Plans to Invest Sh50 Million to Upgrade Communal Water Initiatives

More than Sh50 million has been made available by the Dutch government to improve the governance frameworks of community water projects in Ghana and Kenya. Kenya's Sirembe Community water project in Gem constituency would benefit from the funds, which were made available through the Ihe Delft Institute for Water Education, in terms of capacity building. Dr. Irene Ngunjiri, the head of Strathmore University's water governance and.... Read more »

Posted on : Friday , 29th November 2024

Healthcare Giant Expands into Kenyan Market with Popular Personal Hygiene Brands

Shalina Healthcare is now targeting the Kenyan consumer market by introducing international brands.The company is counting on the opening of its consumer segment to launch brands like Germol, a personal hygiene care company that has improved the lives of millions of people in Sub-Saharan Africa, according to Vikas Khandelwal, vice president and business head for East Africa.According to Khandelwal, Germol won the SuperBrand 2023 title in.... Read more »

Posted on : Monday , 11th November 2024

M-Pesa Foundation and Zuri Health Roll Out Nationwide Cancer Screening Camps in Kenya

In celebration of Breast Cancer Awareness Month, the M-Pesa Foundation and Zuri Health will hold four specialized medical camps with an emphasis on screening for and offering treatment for breast, prostate, cervical, and colon cancer.KES 36 million has been allocated to these camps by the M-Pesa Foundation. Future camps will take place in Taita Taveta, Homa Bay, and Murang'a Counties. The inaugural camp was hosted at Uhuru Gardens Primary School.... Read more »

Posted on : Monday , 11th November 2024

SunCulture and Tupande partners to provide solar irrigation solutions to smallholder farmers in Kenya

A partnership between Tupande and SunCulture has been announced to offer smallholder farmers in Kenya solar irrigation solutions, training programs, and reasonably priced, high-quality agricultural inputs. Increased agricultural productivity, better food security, and higher farmer incomes are the goals of this alliance. Kenyan smallholder farmers deal with a number of difficulties, such as restricted access to dependable irrigation systems.... Read more »

Posted on : Thursday , 7th November 2024

Brightening the Capital - The Impact of Contemporary Lighting on Nairobi’s Infrastructure

Street and public lighting is a vital element of urban infrastructure that impacts the safety, aesthetics, and economic vitality of a city. In Nairobi, the Energy and Lighting Section of the City County Government has spearheaded significant improvements in public lighting over the past decade. These advancements highlight the city's commitment to modernizing its lighting infrastructure, although challenges remain as the city.... Read more »

Posted on : Tuesday , 5th November 2024