Market News Page No. 77| Africa Business News

AAFA signs MoU with Kenya Association of Manufacturers

At a ceremony, the American Apparel & Footwear Association (AAFA) and the Kenya Association of Manufacturers (KAM) signed a memorandum of agreement. They have committed to work together on policy issues of common relevance to their membership, such as collaborative advocacy and information exchange on industry best practices. The United States and Kenya have lately indicated an interest in boosting bilateral trade and investment..... Read more »

Posted on : Thursday , 23rd September 2021

Britam Half-Year Net Earnings Rise to KSh 376.3 Million

Britam Holdings Plc recorded a net profit of KSh 376.3 Million at the close of the 6 months ended on 30th June 2021 compared to a loss of KSh 1.6 Billion in the 1st half of last year. The Group also posted a pre-tax profit of KSh 647 Million at the end of 30th June 2021 compared to a pre-tax loss of KSh 2.3 Billion in H1, 2020. The Group's investment income was up 35 per cent to KSh 4.9 Million due to improved performance of equities.... Read more »

Posted on : Wednesday , 29th September 2021

NCBA's Half Year Profit Climbs 77% to KSh4.7 Billion

NCBA has reported a 77 per cent increase in its half year net profit to KSh4.7 billion compared to KSh2.6 billion posted in the same period in 2020, due to increased lending activity. The bank's total interest income, which is the primary source of revenue, climbed by 9 per cent to KSh22.5 billion at the end of the half-year period from KSh20.7 billion in the same period last year. Total non-interest income grew to KSh10.7 billion in the.... Read more »

Posted on : Wednesday , 29th September 2021

AstraZeneca partnership in Kenya to provide life-changing treatment to all

AstraZeneca is taking the lead in chronic illness management in Africa after partnering with the Pharmaceutical Society of Kenya (PSK) to establish the Kamba Ya Shanga project – a pharmacy-led end-to-end digitally integrated patient solution. The collaboration is part of a shared vision and commitment to working toward a future in which all people have access to long-term healthcare solutions for life-changing treatments. The.... Read more »

Posted on : Wednesday , 22nd September 2021

TANZANIA: Stiegler's Gorge Dam to Deliver First MW In June 2022

Following a recent visit to the site of the Stiegler's Gorge hydroelectric dam, Medard Kalemani, the Tanzanian Minister of Energy, accompanied by Assem Gazzer, his Egyptian counterpart in charge of public works gave an update on the progress of the project. According to the official, the project is already 62.7 per cent complete. The work is currently focused on the installation of the draft tubes at the base of the 9th turbine, which will.... Read more »

Posted on : Tuesday , 16th November 2021

Tanzania: Biggest Hydro Electric Plant Construction Ongoing

Installation of 27 transformers to increase transmission voltage of electricity produced at the Julius Nyerere Hydro Electric Power Project in Tanzania has started. Once completed the new transformers will increase the transmission voltage from 15kV to 400kV. Also known as the Stiegler Gorge Dam and the Rufiji Hydroelectric Power Project, the project is planned to eventually have an installed capacity 2,100 megawatt and produce 5,9GWh of.... Read more »

Posted on : Wednesday , 22nd September 2021

The Kenyan Recycling Partnership is looking for a brand owner.

The hunt for a brand owner partner, which partners Dow and Mr Green Africa think would finish the loop by enabling the use of recyclable flexible packaging in real applications, has begun in the second phase of a collaboration formed to remove inequities in recycling infrastructure in Kenya. The alliance, which was officially established in November 2019 in Nairobi, Kenya during Dow's Project Butterfly event, aims to promote awareness of.... Read more »

Posted on : Wednesday , 22nd September 2021

Plastic waste created into farm equipment using 3D printing.

Three African countries are now benefiting from an international project. The "Circular Plastics Project" involves collecting plastic garbage in low and middle-income nations and using 3D printing to turn it into agricultural implements. Researchers at Loughborough University in England are leading the initiative. Plastic pollution is still a problem throughout Africa. The "Circular Plastics Project" is one of the methods presented to.... Read more »

Posted on : Wednesday , 22nd September 2021

Investors from Djibouti to Open Modern Abattoir in Ethiopia

Djibouti-based African businessmen have indicated interest in establishing a state-of-the-art abattoir in Ethiopia. The statement was made during a three-day investment mission to Ethiopia, which was targeted at assessing and adding value to Ethiopia's large and untapped livestock potential. During their visit, the investors met with high-ranking government officials, relevant authorities, and Ethiopian private sector representatives,.... Read more »

Posted on : Wednesday , 22nd September 2021

The Tanzanian Agriculture Investment Opportunities On limelight

Tanzania agriculture investment potential will be highlighted in Nairobi, Kenya, at the worldwide Agricultural Green Revolution Alliance (AGRA) Summit. Tanzania will showcase and propose investment prospects and priorities in agribusiness during the summit in order to attract investors to the industry. Tanzania has immense potential to become a major food producer, manufacturer, and exporter. What we need to do is boost.... Read more »

Posted on : Wednesday , 22nd September 2021

Huawei launches smart solar energy solution for Kenyan households

Chinese telecom firm Huawei has launched an integrated solar energy solution for Kenyan households amid a quest to promote carbon neutrality in the country.CEO of Huawei Kenya Will Meng said the launch of LUNA 2000, the flagship product of Huawei FusionSolar Residential Smart PV Solution, will ensure that residential premises have access to affordable and cleaner sources of energy."It indeed is in our best interest to increase the uptake of.... Read more »

Posted on : Tuesday , 21st September 2021

KENYA: Boreal Inaugurates A New Solar-Powered Water Desalination System

New drinking water kiosks designed by Boreal Light supply a school, a vocational training centre, a mosque, a tailoring shop and oil extraction facilities on the southern coast of Kenya. The drinking water is obtained from a new desalination system powered by a 15 kWh solar mini-grid. Called "Shimoni WaterKiosk", the solution was installed by Kenyan start-up WaterKiosk Africa. According to the start-up company Boreal Light, based in Berlin,.... Read more »

Posted on : Wednesday , 17th November 2021