Market News Page No. 73| Africa Business News | Afrotrade

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Kenya's External Trade Hits KSh1.4 Trillion in H1 2021

Kenya's external trade value hit KSh1.4 trillion in H1 2021, a 24.3 per cent increase from KSh1.094 trillion in H1 2020. The rise in external trade is attributed to a rebound in global and macro-economic conditions as the world re-emerges from COVID-19 related disruptions. Imports into the country rose by 27.7 per cent to hit KSh991.5 billion, while exports rose by 16.3 per cent to hit KSh368.7 billion. Food and beverages accounted for.... Read more »

Posted on : Wednesday , 29th September 2021

Rwanda has launched a Rwf690 million project to manage single-use plastics.

In the next five years, the Private Sector Federation (PSF) plans to contribute Rwf690.9 million to the collection, transportation, disposal, and recycling of single-use plastics. As Rwanda commemorated World Environment Day, the "Sustainable Management of Single-Use Plastics Project" was inaugurated. The theme of the day was "Ecosystem Restoration." The new development is in accordance with Law N° 17/2019, which prohibits the.... Read more »

Posted on : Friday , 27th August 2021

Silafrica Forms Partnership with PETCO Ethiopia to Reduce Post-Consumer PET's Environmental Impact

Silafrica's collaboration with PETCO aims to reduce the environmental impact of post-consumer Polyethylene Terephthalate (PET) on Ethiopia's landscape. One of the most significant accomplishments of the collaboration is the demonstration that plastic packaging has no negative environmental impact. Getaneh Asfaw, Country CEO of Silafrica Ethiopia, says, "We are glad and thrilled to work with PETCO Ethiopia to assist us with our obligations.... Read more »

Posted on : Friday , 27th August 2021

KCSAP's partnership with Kajiado County benefits farmers with Modern Farming Equipment

The Kenya Climate Smart Agriculture Project (KCSAP), in collaboration with the Kajiado County government, has donated seedlings, farm machines, Sahiwal cattle, and Dorper sheep to farmers in Oleikaitoriori, Ildala Lekutuk ward to enable them to adopt contemporary farming practises. Improved manual hay bailers, fodder choppers, powered back pack weeders, and brush cutters are among the farm machines given. Farmers affiliated with 11.... Read more »

Posted on : Friday , 27th August 2021

Brewer Agri-Business Program Boosts Contract Farming in Tanzania

Serengeti Breweries Limited (SBL) has stated that its agri-business project, which includes over 400 local farmers spread over eight districts around the country, is committed to helping farmers' contract farming. Kilimanjaro, Arusha, Manyara, Singida, Dodoma, Shinyanga, Mwanza, and Mara were nominated by SBL Corporate Relations Director John Wanyancha. "Through the initiative, SBL supplies farmers with agricultural inputs such as free.... Read more »

Posted on : Friday , 27th August 2021

Kenya to adopt electric cars to meet climate goals

It is clear that virtually all of the world's population growth by 2050 is forecast to take place in developing countries yet thousands of cities in Africa, Asia and Latin America may stick to fossil fuel-powered vans, buses and motorcycles for decades.The Kenyan capital's vehicle fleet doubles every 8 years and its roughly 4.5 million inhabitants rely on minibus taxis named Matatus to get around. Although they're inexpensive, they tend to be.... Read more »

Posted on : Friday , 27th August 2021

Automotive component manufacturers to invest in Ethiopia

African Association of Automotive Manufacturers (AAAM) has been appointed by the Special Initiative on Training and Job Creation to develop an automotive policy for the Ethiopian government that will boost global original equipment manufacturers (OEMs) and component producers to invest in Ethiopia.Moreover, an automotive training programme for prevailing assemblers and workshop owners will be established and directed along with the development.... Read more »

Posted on : Friday , 27th August 2021

Kenya Airways sign deal with Embraer to launch flying taxis in Nairobi

Kenya Airways has inked a deal with Brazilian aircraft manufacturer Embraer to deploy flying taxis in Nairobi, aiming to lead the market in this transportation innovation. According to Business Daily, the cars would reduce travel time from Jomo Kenyatta International Airport to Nairobi's city center to six minutes. Embraer inked a Memorandum of Understanding with Kenya Airways this week, via the national carrier's newly formed.... Read more »

Posted on : Thursday , 26th August 2021

Tanzanian Gold is continuing to Develop and Explore Mines throughout the Country.

Tanzanian Gold Corporation reported third-quarter 2021 results. TanGold's Chief Executive Officer, Stephen Mullowney, remarked, "The Company and Buckreef Gold have continued to make tremendous progress this quarter." We designed and are currently implementing a strategy to reduce cash burn at the Buckreef Gold operational level by upgrading the oxide test plant circuit. This approach ensures the continuation of the core staff while increasing.... Read more »

Posted on : Thursday , 26th August 2021

Vietnam, Tanzania to expand their commercial and investment relations

At a meeting in Dar es Salaam, Tanzanian Foreign Minister Liberata Mulamula and Vietnamese Ambassador to Tanzania Nguyen Nam Tien promised to continue boosting commercial and investment relations between the two nations. Ambassador Tien, who made a courtesy call to Tanzania's Foreign Minister, congratulated Tanzania on its election as Vice President of the United Nations General Assembly's 76th session in June of this year. He stated.... Read more »

Posted on : Wednesday , 25th August 2021

Furniture importers in Africa are reaping the rewards.

As demand for residential and office space rises across Africa, the furniture industry continues to thrive in many African countries. Africa's rising economy, as well as its vast and quickly growing urban population, are some of the reasons why the furniture industry is doing well on our continent. From Lagos in West Africa to Nairobi in East Africa, it is difficult to miss the massive quantity of building work in many of Africa's.... Read more »

Posted on : Wednesday , 25th August 2021

Global Fund invests in Tanzania health sector

The GLOBAL FUND has praised President Samia Suluhu Hassan's leadership, offering to issue a total of 906 million US dollars (2.09 trillion/-) for health-care spending, including the battle against the Covid-19 epidemic. The funds include 794 million US dollars (about 1.8 trillion/-) that will be distributed between 2021 and 2023 to complement the battle against HIV/AIDS, tuberculosis (TB), and malaria, as well as to guarantee a better,.... Read more »

Posted on : Tuesday , 24th August 2021

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