Market News Page No. 75| Africa Business News

UK to invest Sh20bn in Kenya's Big Four Projects

The government and corporate sectors in the United Kingdom have announced a new investment of Sh20 billion in the Big Four Projects, which include affordable housing and manufacturing. President Uhuru Kenyatta is in London for a three-day visit that will culminate with him co-chairing the Global Education Summit with Prime Minister Boris Johnson. UK Foreign Secretary Dominic Raab said at Mansion House in London that Sh5.2 billion in UK.... Read more »

Posted on : Thursday , 29th July 2021

Afreximbank Partners with Portugal's ANJE to Promote the African Textile Industry

A three-year collaboration between the African Export-Import Bank (Afreximbank) and Portugal's National Association of Young Entrepreneurs (ANJE) has been launched to assist and promote Africa's fashion apparel and textile manufacturing business in Portugal and across Europe. This collaboration is part of Afreximbank's Creative Africa Nexus (CANEX) initiative. CANEX seeks to enable investments in Africa's creative and cultural economy.... Read more »

Posted on : Thursday , 29th July 2021

Kenya Signed Telemedicine Agreement With Italian Hospital

During the pandemic time, Kenya's competence in telemedicine in Africa is gaining traction, with more relationships with global firms being seen. The latest in a nation regarded as the continent's most promising e-health industry is an agreement inked by the Kenyan government with Italy's largest private hospital company Gruppo San Donato (GSD) and Italian medical university Vita-Salute San Raffaele University. The cooperation aims to.... Read more »

Posted on : Thursday , 29th July 2021

Nigerian Health tech company Field Intelligence expands in Kenya

Field Intelligence, a Nigerian-based health tech firm that is digitising the supply chain and altering access to vital, life-saving drugs, has expanded its revolutionary pharmaceutical platform-Shelf Life- to Eldoret, Mombasa, Kisumu, and Naivasha in Kenya. This addition complements Field Intelligence's current 700+ pharmacy membership, which has delivered medicines to over 1.4 million patients. Pharmacies utilise the Shelf Life.... Read more »

Posted on : Thursday , 29th July 2021

Tanzania: unwaste.io introduces ‘Wastebase' to collect statistics on plastic.

Through data cataloguing, a new software aims to improve the collecting of single-use plastic in East Africa. The programme, dubbed 'Wastebase,' was released by the business . Thanks to Wastebase, single-use plastic management in Tanzania, and few other coutries will now be data-driven. Unwaste.io, a startup created in 2020 by software programmers Cameron Smith (located in Maputo, Mozambique) and Martin Pllu, has just launched the app.... Read more »

Posted on : Wednesday , 28th July 2021

Coca-Cola Kenya announced a new step in its "The World Without Waste" plan

Nairobi — Coca-Cola Kenya has launched a new appearance for Sprite, the country's most popular soft drink. (polyethylene terephthalate) plastic container, marking a historic departure from the green-colored plastic bottle that has served as the brand's identity since its inception in 1960. This change means that more Sprite bottles can be collected, recycled, and reused to create new items, in line with Coca-World Cola's Without.... Read more »

Posted on : Wednesday , 28th July 2021

Rwanda Mining reforms and investments scaled up despite the pandemic

The year 2020 was on numerous fronts a trying period. Nonetheless, Rwanda’s economic sectors sustained to function against all odds.The mining sector is one area that has observed a series of activities, even though the impact of Covid-19 pandemic has had on the sector.It is true that the pandemic has paralyzed trades across the world, including the mining industry, whose products are sold to the global markets.Between January and February.... Read more »

Posted on : Monday , 26th July 2021

Kenya Housing Projects boost Wood Sector and Construction Industry

Indirectly and directly, Kenya's wood sector serves approximately 500,000 Kenyans, with the lumberjack trade also serving as a backbone for the country's building industry. There are a number of variables that are leading to an increase in the demand for wood in Kenya. It is predicted that Kenya's economy would continue to develop at a high pace. Kenya has a population of more than 48 million people and is undergoing rapid.... Read more »

Posted on : Monday , 26th July 2021

Kenya's Construction Sector Expected to Recover This Year

Nairobi - Kenya's construction sector is expected to recover this year on the back of the government's continued implementation of investor-friendly reforms as well as large-scale infrastructure projects aimed at boosting regional integration and economic diversification.This is according to a report by Deloitte which reveals that the sector's growth is expected to revamp to a growth of 6.3 percent this year.The sector contributed about 6.... Read more »

Posted on : Monday , 26th July 2021

Kenya to complete upgrade of roads by December 2021

James Macharia, Transport Cabinet Secretary has assured that the government will complete the construction of 408 kilometres of tarmac roads in Nairobi's informal and thickly population settlements by December 2021.Macharia who spoke after reviewing the construction of the new tarmac roads in Nairobi's informal slums said the project is now 40% complete with 104 kilometres fully tarmacked and will be entirely completed by December 2021.Macharia.... Read more »

Posted on : Thursday , 22nd July 2021

Kenya Aiming To Double Geothermal Capacity By 2030

When Kenya opened the Olkaria power plant 4 decades ago, it was seen more as a research project than a commercial venture. The facility is located in Hell’s Gate National Park, a barren zone of volcanic rock that is permeated by sulphurous gases and is mainly populated by warthogs and zebras. The untested and costly geothermal technology was experimental at best, with the 1st unit expected to power around 10,000 homes. Today, Olkaria generates.... Read more »

Posted on : Thursday , 22nd July 2021

Electricity Connection Between Ethiopia And Djibouti To Expand

The African Development Bank (AfDB) has approved 2 grants totaling USD 83.6m to boost cross-border trade in electricity between Ethiopia and Djibouti. The funds are made up of a USD 69.65 million grant to Ethiopia and a USD 13.93 million grant to Djibouti. Both the grants are sourced from the African Development Fund, which is the AfDB’s concessional financing window. The Ethiopia & Djibouti 2nd Power Interconnection project will.... Read more »

Posted on : Thursday , 22nd July 2021