Market News Page No. 2| Africa Business News

Transmission Deals with Adani Energy in Kenya Is Still In the Works

Kenya Electricity Transmission Co. stated that it is still in discussions with Adani Energy Solutions Ltd. for the building of three power lines, considering a statement made by a presidential adviser stating that contracts worth up to $1.3 billion had already been given to two companies, including the Indian company. As per Ketraco, the agency, Adani showed interest in building 388 kilometers (241 miles) of high-voltage transmission lines.... Read more »

Posted on : Monday , 23rd September 2024

A Historic Nuclear Deal has been signed between Kenya and the United States

A memorandum of understanding (MoU) has been inked by Kenya and the US in regards to the safe and secure deployment of nuclear technology. Sealing the deal took place in Vienna, Austria, during the 2024 International Atomic Energy Agency (IAEA) General Conference. Musalia Mudavadi, the Prime Cabinet Secretary, spoke at the conference's general session the day before the historic agreement was signed. In an effort to address the nation's.... Read more »

Posted on : Thursday , 26th September 2024

Dar es Salaam Residents to Benefit from Knee and Hip Surgeries

Reporters in Dar es Salaam were informed by Abdulmalik Mollel, executive director of Global Medicare and one of the organizers of the medical camp, that Dr. Ram Mohan Reddy and his team, a hip and knee surgeon from Yashoda Hospital in India, will collaborate with regional experts at the Muhimbili National Hospital (MNH)-Mloganzila branch.The specialized care will be provided at the Mloganzila in Dar es Salaam, according to Mollel, who also.... Read more »

Posted on : Tuesday , 10th September 2024

JKCI Unveils Expanded Medical Tourism Strategy

The Jakaya Kikwete Cardiac Institute (JKCI) has made remarkable progress in advancing medical tourism in response to the rise in international patient volume during the first quarter of this year.The institute reports that JKCI admitted roughly 80 international patients from various African nations in the first quarter of 2024.Prior to this, though, the hospital would admit anywhere from 15 to 25 foreign patients at a time.The government's.... Read more »

Posted on : Tuesday , 10th September 2024

Sipping on Success: The Expanding Demand for French Wines in Kenya and Supplier Strategies

In recent years, Kenya has experienced a notable surge in demand for French wines, reflecting broader trends in global trade and changing consumer preferences. This burgeoning interest represents a significant opportunity for French wine suppliers and marks a fascinating development in Kenya's evolving wine culture. Kenya's increasing appetite for French wines can be attributed to a combination of factors. Economic growth has expanded the.... Read more »

Posted on : Tuesday , 10th September 2024

Nairobi, Kenya is home to new operation for the closure solution manufacturer BERICAP

In order to provide project assistance, logistics, and services close to its customers, the company runs 30 production facilities throughout 25 nations. The localisation of the commercial company is reportedly made possible by the recently constructed 3,500 m² facility in Nairobi, Kenya. There, closures for the food and beverage and lubricant industries will be made and exported to ten African nations. In addition to.... Read more »

Posted on : Monday , 9th September 2024

US-Kenya Nuclear Energy Agreement Boosts Kenya's Energy Infrastructure Plans

Kenya and the United States have agreed to sign a Memorandum of Understanding on nuclear energy cooperation during a recent conference in Vienna in September this year, as Kenya plans to construct its first nuclear power plant. The MoU intends to strengthen collaboration in nuclear policy, research and regulation in energy, health and agriculture, as shown by a meeting of both countries nuclear regulators in Nairobi.Kenya plans to construct its.... Read more »

Posted on : Monday , 9th September 2024

Lake Victoria Gold Announces Renewal and Transfer of Imwelo Mining License to Tanzanian Mining Commission

The Tanzanian Mining Commission has accepted the necessary paperwork for the Imwelo Mining License's ten-year renewal and for LVG's acquisition of the mining license. This is with great pleasure that Lake Victoria Gold Company announces this. Updated Mining, Environmental, and Closure Plans are submitted with this application, together with the required guarantees to start construction within 90 days and the license renewal fee. With the.... Read more »

Posted on : Monday , 9th September 2024

Isuzu East Africa is considering setting up a vehicle assembly plant in Tanzania

The Japanese heavy commercial vehicle giant Isuzu Motor may soon open an assembly factory in the nation if the current demand is maintained. This would be in addition to the ongoing East African Community initiative to support the automotive sector in the area. According to Sandra Njagi, Head of Corporate Planning and Strategy at Isuzu East Africa, Tanzania's automotive industry produces roughly 95,000 vehicles a year, including cars, light.... Read more »

Posted on : Friday , 6th September 2024

Kenya and China Sign an Agreement to Enhance Their Collaboration in the Renewable Energy Sector

The China-Africa Renewable Energy Partnership is a ground-breaking program that was introduced in Nairobi, the capital of Kenya, with the goal of revolutionizing energy availability throughout the continent. By utilizing renewable energy sources, our collaboration aims to improve energy security and promote economic growth. ”Energy is the golden threat; we cannot grow an economy without energy, which is essential to addressing poverty and.... Read more »

Posted on : Friday , 6th September 2024

Digital Realty Company iColo Expands Renewable Energy Initiatives with Solar Panel Installation in Kenya

The Digital Realty Company, iColo, has announced that it has installed solar panels at its facilities in Kenya, marking a significant extension of its renewable energy activities. By doing this, the connectivity providers at iColo's data centers may improve their green credentials. Over 650 kW of additional solar arrays have been deployed and successfully commissioned by the company across its two data center locations in Mombasa and.... Read more »

Posted on : Friday , 6th September 2024

Strategic Funding Of Sh2.5 Billion Is Secured By Kim-Fay For Expansion In East Africa

In order to grow its business in East Africa, Kim-Fay, a producer and distributor of feminine hygiene, baby care, and home goods, has obtained Sh2.5 billion in debt financing from I&M Bank and the Norwegian Investment Fund for Developing Countries (Norfund). By 2025, a new recycled paper production facility in Tatu City is anticipated to be operational thanks to the funding. This facility will concentrate on offering low-income market.... Read more »

Posted on : Wednesday , 4th September 2024