Market News Page No. 2| Africa Business News

Rwandan Government and ARC Power Announce Historic Partnership

A significant Strategic Power Partnership has been established between the Government of Rwanda and ARC Power, a prominent renewable energy developer in the United Kingdom. By creating grid extensions and distributing grid-tied solar generating units, or ARCs, throughout Rwanda, this historic partnership seeks to greatly improve the country's energy accessibility. As a result of the project, Rwanda's clean energy mix will be greatly increased.... Read more »

Posted on : Thursday , 4th July 2024

Photovoltaic Light Projects To Be Initiated In Tanzania

LXinstruments GmbH are currently initiating a new photovoltaic project in collaboration with the time2help association, whose mission is to boost the future opportunities of children and families in Arusha, Tanzania.The association aims to provide families an opportunity to use solar energy, specifically Lights!When the sun sets, Tanzanians use kerosene lights or candlelight to work, study, read and so on. This is not only expensive, but also.... Read more »

Posted on : Thursday , 4th July 2024

Kiambu County Government Launches First Photovoltaic Lighting Project

Kiambu County Government has launched the first photovoltaic lighting project in Fort Jesus, Ruiru Sub-County, Kiambu. Governor Kimani Wamatangi, CECM of Lands, Housing, Physical Planning and Municipalities, Ms. Salome Muthoni and local MCAs introduced comprehensive solar street lights as a component of the urban transformation strategy. Addressing Fort Jesus locals, Wamatangi said that the first 35 solar street lights have.... Read more »

Posted on : Thursday , 4th July 2024

Mwinyi: Zanzibar Provides High-Quality Medical Services

According to Zanzibar President Hussein Mwinyi, the isles are providing their citizens with specialized and ultra-specialized medical services that meet internationally recognized standards.This indicates that we are improving and expanding the services we provide to the public. The services that individuals were previously forced to seek outside of our nation are now reasonably priced here," he continued.During the Tanzania Ophthalmology.... Read more »

Posted on : Tuesday , 2nd July 2024

WHO Boosts Kigoma Health Systems with Emergency and Infection Control Equipment

The World Health Organization (WHO), with funding from the UN Multi-Partner Trust Fund Office, has contributed supplies and equipment to the Kigoma Region of Tanzania in order to improve WASH and infection prevention control (IPC) at medical facilities, as well as preparedness and response against epidemics.This is a component of the UN Kigoma Joint Programme's endeavors to strengthen human health security in Kigoma through cooperative efforts.... Read more »

Posted on : Tuesday , 2nd July 2024

Construction Begins on Nakuru's Sh200 Million Modern Market

Traders in Bahati Sub County, Nakuru County in Kenya will reap advantages from a multi-million integrated contemporary market that will be built at Kabatini Trading Centre. During the site handover, Governor Susan Kihika announced that the project is a collaboration between the National Government and the County Government of Nakuru. According to Ms. Kihika, the project would consist of recreational halls, prefabricated stalls, market space.... Read more »

Posted on : Tuesday , 2nd July 2024

Tanzania: The Emerging Mining Hub in Africa

Tanzania is poised to develop as a major mining powerhouse in Africa. Utilising strategic measurements and incentives to attract investment. Dr. Steven Kiruswa, the country's Deputy Minister for Minerals, emphasised the mining sector's rapid expansion at an annual rate of 10.9%, which contributes considerably to the national economy. The government's investor-friendly policies and regulations have played an essential part in nurturing this.... Read more »

Posted on : Tuesday , 2nd July 2024

TANZANIA: BII Funds $15m for Wind-Powered Mini-grids

Rift Valley Energy is receiving $15 million in investment from British International Investment (BII), the financial branch of British diplomacy (RVE). The company, owned by Meridiam, constructs and manages wind farms to supply nearby electrical systems. The French investment company Meridiam, with its headquarters located in Mafinga, Tanzania, is the sole owner of the company. British International Investment (BII), the financial branch of.... Read more »

Posted on : Monday , 1st July 2024

Tanzania Will Begin a US$15 Billion Water Investment Initiative via Creative Local Financing

The first public water utility in East Africa to issue green bonds to finance the growth of water services and infrastructure is Tanzania's Tanga Water Supply Authority. The project is a component of Tanzania's US$15.02 billion water investment program, which backs the AIP objective of the Africa Union to raise an extra US$30 billion for sustainable sanitation and water security in Africa. During the Mind Gap Campaign launch at the.... Read more »

Posted on : Monday , 1st July 2024

ARA Petroleum to develop Tanzania’s largest onshore natural gas discovery

ARA Petroleum announced that Tanzania's Ministry of Energy has granted a 25-year Development Licence for the Ntorya natural gas discovery area to the Ruvuma joint venture. The licence was awarded to ARA Petroleum Tanzania Limited (APT), a subsidiary of ARA Petroleum and operator of the Ruvuma JV.This licence enables APT to advance Tanzania’s largest onshore natural gas project, aiming to supply gas to the domestic market within a year. "We are.... Read more »

Posted on : Monday , 1st July 2024

Tanesco and Rea Tasked With Ensuring Reliable Power in Tanzania

MOROGORO: Tanzania Electric Supply Company (TANESCO) and Rural Energy Agency (REA) have been instructed by Dr. Doto Biteko, the Minister for Energy and Deputy Prime Minister, to operate effectively and professionally in order to guarantee a dependable supply of energy to the general population. Dr. Biteko made these remarks at the opening of the massive Ifakara Substation and 20MVA distribution facility. "I would like to encourage.... Read more »

Posted on : Saturday , 29th June 2024

Surge in Furniture Purchases Spurs Wood Coatings Demand in Kenya

This year's Woodtech Africa, an international exhibition for the wood and woodworking industries, will be held in Kenya again. This occurs at a time when the nation is seeing a spike in the demand for high-quality furniture items due to population growth, urbanization, and rising middle-class and lower-class purchasing power.The November 2024 event in Nairobi brings together manufacturers and suppliers of adhesives, veneers, and coatings..... Read more »

Posted on : Friday , 7th June 2024