Market News Page No. 2| Africa Business News

Moi University minimizes electricity spending by using solar power.

Moi University has strengthened its collaboration with Kenyan engineering company Afriwatt to begin phase two of its solar energy project in an effort to create a more sustainable future. The project intends to lower the university's electricity expenses, encourage climate action, and improve student training and research prospects.Acting Vice-Chancellor Prof. Kiplagat Kotut spoke during the launch at Moi University's main campus in Kesses,.... Read more »

Posted on : Wednesday , 28th May 2025

Africa Lights Up: The Rise of Artisanal and Decorative Illumination

Over the past two years, decorative lighting has witnessed a noticeable surge across Africa, with cities like Addis Ababa showcasing this growing trend. Urban landscapes are increasingly illuminated, from glowing sidewalks to radiant building facades, reflecting a rising appreciation for lighting as both a functional necessity and a form of artistic expression. Beyond standard exterior lighting supplied by large manufacturers, a wave of.... Read more »

Posted on : Thursday , 8th May 2025

MojaEV Kenya is set to begin local electric vehicle assembly

Nairobi-based mojaEV Kenya Ltd., an electric vehicle distributor, will start assembling electric vehicles locally with the goal of exporting them to multiple African markets. The company will first assemble automobiles through a cooperation with Associated Vehicle Assemblers Ltd., based in Mombasa. Currently, the company imports completely completed Chinese electric vehicles. Eventually, MojaEV intends to open a factory of its own to.... Read more »

Posted on : Tuesday , 6th May 2025

Uganda Launches €15M Drive to Power a Sustainable and Thriving Wood Industry

The Government of Uganda, together with the Food and Agriculture Organization of the United Nations (FAO) and the European Union (EU), has launched a transformative five-year project aimed at strengthening Uganda’s forestry sector. Backed by €15 million (approximately UGX 64.5 billion), the initiative aims to secure a steady, sustainable supply of legally sourced wood from planted forests, while driving economic growth and advancing.... Read more »

Posted on : Monday , 5th May 2025

Kenya Strengthens Its Legal and Regulatory Framework for Mining

The six tools are the Regional Certification Mechanism, Harmonisation of National Legislations, Regional Database on Mineral Flows, Formalisation of Artisanal Mining Sector, Extractive Initiative Transparency Initiative, and Whistleblowing Mechanism, according to Mining Principal Secretary (PS) Harry Kimtai. Speaking at the International Conference on the Great Lakes Region (ICGLR) secretariat meeting, Kimtai stated that Kenya has started its.... Read more »

Posted on : Friday , 2nd May 2025

Kenya-China Relations Deepen with 20 Agreements on Infrastructure & Trade

During his first state visit to China, President William Ruto secured multi-billion shilling agreements aimed at enhancing Kenya-China relations, which have now been elevated to a Comprehensive Strategic Partnership in the New Era. The visit led to the signing of 20 Memoranda of Understanding (MoUs) covering infrastructure, trade, education, digital economy, science and technology, and cultural cooperation. China committed to financing key.... Read more »

Posted on : Friday , 2nd May 2025

Bright Lights, Bigger Business: Busia's Bold Move to Power a 24-Hour Economy

The street lighting initiative launched by Busia County Governor Dr. Paul Otuoma is significantly transforming the region’s economic and social landscape. By installing streetlights in major market centers, the county government is lighting the way to a more vibrant 24-hour economy. This program is particularly impactful in empowering small-scale traders, transport operators, and other informal sector workers who can now operate for longer.... Read more »

Posted on : Thursday , 1st May 2025

Strong Connections: How Fasteners Are Powering the Future of Timber Buildings

Timber is gaining renewed attention as a sustainable and eco-friendly building material, particularly in modular construction. However, ensuring the stability and durability of timber buildings, especially under challenging conditions like strong winds, depends heavily on the quality and design of fasteners and mechanical joints. A recent study highlights how the right choice of fasteners can significantly enhance the strength and resilience of.... Read more »

Posted on : Thursday , 1st May 2025

The Government of Tanzania Allots 9.3 Billion for a Significant Water Project in Rombo

To solve long-standing water shortages in 31 villages in the lowland plains of Rombo District, Kilimanjaro Region, the government has set aside 9.3 billion/- for the implementation of a significant water project. According to Prof. Mkenda, all project plans have been completed, and the required funding has been obtained. "This project demonstrates the dedication of the sixth phase administration, led by President Samia Suluhu Hassan,.... Read more »

Posted on : Thursday , 1st May 2025

To Accelerate Solar Energy Deployment Across Africa Arnergy Secures $18 Million

An $18 million funding round has been successfully closed by Arnergy, a prominent distributed renewable energy solutions provider in Nigeria, with the goal of expediting the rollout of its solar energy systems throughout Africa. Bill Gates’ Innovative Energy Projects, ElectriFI (Electrification Financing Initiative), and a number of new climate-focused investors contributed to the capital round, which was led by All On, an off-grid.... Read more »

Posted on : Wednesday , 30th April 2025

Kenyan Government on Track to Achieve Universal Access to Electricity by 2030

IEA's latest Energy Policy Review of the country notes that the country has adopted ambitious implementation plans and electrified using clean energy technologies, which have established it as a leader in the region. Urban regions have already achieved full access to electricity, according to the research, which shows that access rates increased from 37% in 2013 to 79% in 2023. Since its launch in 2015, the Last Mile.... Read more »

Posted on : Tuesday , 29th April 2025

Ghana’s Timber Sector Surges Ahead with Strong Start to 2025

According to the latest Global Timber Index (GTI) Report, supported by the International Tropical Timber Organization (ITTO), Ghana’s GTI reached 68.2%, moving well above the 50% threshold. This significant improvement reflects an upward trajectory and renewed vitality within the country’s wood industry. Ghana’s strong performance stands out on the global stage, especially as many other countries recorded lower GTI scores due to.... Read more »

Posted on : Thursday , 10th April 2025