The Development Bank of Rwanda (BRD), the World Bank, and the Swedish International Development Agency (SIDA) have broadcasted a strategic fund raising and partnership to raise capital for Ignite Power.
Ignite Power is a Rwandan renewable energy firm with investment in solar energy. The firm also has presence in other African countries.
The new agreement is aimed at raising funds to boost the firm's capacity to provide solar solutions at the most affordable price possi.... Read more »
Posted on : Wednesday , 5th August 2020
Kisumu solar power plant in Kenya is said to be commissioned by December 2023. This information comes from Valens Partners Inc, a financial company based in Toronto, Canada and co-developer of the Kisumu One Solar Limited (KSOL) project with Ergon Solair Africa, the subsidiary of the American company Ergon Solair PBC, an independent power producer (IPP) in the United States.
The two project sponsors have already received approval from the authorities for the implementation of .... Read more »
Posted on : Wednesday , 5th August 2020
Rwanda Coffee Farmers Federation (RCCF) has secured 60 million Rwf in fund for internationally accepted coffee packaging bags that will enable them to leverage coffee export on global markets.
The move according to the federation among other things ensure the supply of safe products to local, regional and international markets.
The fund is part of efforts to sustain the sector by a coffee promotion project spearheaded by the National Agric.... Read more »
Posted on : Wednesday , 5th August 2020
Over recent years we have seen 3D printing becoming more accessible than ever and now this technology which seemed reserved for hi-tech conglomerates and spy movies is proving its worth in the fight against the Coronavirus.
With the COVID-19 outbreak snowballing its way across the globe, medical supplies such as face masks, respirators and ventilators have become scarce and this shortage has prompted action by the 3D printing community and aficionados. From specia.... Read more »
Posted on : Wednesday , 5th August 2020
German energy start-up Ecoligo last year positively raised enough investment through its crowdfunding platform to finance a 75 kW solar system for the Rift Valley Roses flower farm in Naivasha, Kenya.
Now the Rift Valley business is targeting to install what Ecoligo claims would be the nations first floating solar project, a 69 kW system on one of the companys two reservoirs.
Ecoligo is aiming to generate Euro 126,000 from small scale investors willing to commit Euro 1.... Read more »
Posted on : Wednesday , 5th August 2020
Loon, the balloon-centric project attempting to connect people to the internet, is live in Kenya, according to Alastair Westgarth from the company in a Medium blog post.
The Alphabet subsidiary is described in the blog post as a network of floating cell towers, or balloons which are sent into the sky to provide internet access. The idea behind the project is to provide internet connectivity to the 3.8 billion people — almost half of humanity — that lacks access t.... Read more »
Posted on : Wednesday , 5th August 2020
Portugal-based auto-dealer is in conversation with a Kenyan assembler to initiate local production of low-cost Hyundai and Renault brands for sale across East Africa.
Salvador Caetano Group said, it is in discussion with unnamed local assembler as it wants to enjoy the tax benefit that comes with assembling cars in Kenya.Kenya Vehicle Manufacturer and Associated Vehicle Assemblers have been assembling locally for top brands like Mitsubishi, Scania, Tata Hino, Volkswagen and T.... Read more »
Posted on : Friday , 31st July 2020
Kenya’s economy is on a recovery path due to the good performance of the agriculture sector, the country’s economic mainstay, and the opening of international air travel, the top central bank official said on Thursday.
Patrick Njoroge, governor of the Central Bank of Kenya (CBK) said accelerated economic recovery is expected to start in August and peak to the end of the fourth quarter.
Tea production is up. Sugarcane delivery has i.... Read more »
Posted on : Friday , 31st July 2020
Regional Leasing Firm, Vehicle And Equipment Leasing Limited (VAELL) is set to launch its agricultural arm in Tanzania as part of its regional expansion strategy
Dubbed Tinga, the arm will support SMEs and small scale farmers access to farm implements and transport services.
This move has been necessitated by various requests for farm machinery and transport services in East Africa’s largest nation,†said the firm in a statement.
&n.... Read more »
Posted on : Friday , 31st July 2020
Tanzania Electric Supply Company Limited (TANESCO) has awarded Multiconsult consultancy contracts for the 222MW Rumakali and 358MW Ruhudji Hydropower and transmission lines projects in Tanzania.
Multiconsult will undertake feasibility studies, prepare the conceptual design and tender documents, and conduct environmental and social impact assessment studies for the two proposed hydropower projects and associated transmission lines.
The Rumakali and Rhuhudji projects are.... Read more »
Posted on : Thursday , 30th July 2020
An African Development Bank project to enhance market infrastructure, value addition and rural finance (MIVARF) in Tanzania produced highly satisfactory results, according to a report released by the project team. The project, rolled out in the country between 2012 and 2017 increased the incomes of rural producers and traders threefold.
With $56.8 million in funding from the African Development Bank, the programme was undertaken in 32 districts with a population o.... Read more »
Posted on : Thursday , 30th July 2020
The government has outlined interventions intended to increase cashew nuts production as statistics indicate falling yields in the last five years.
The measures, according to Agriculture minister Japhet Hasunga, include establishing a special fund which would lend agricultural inputs to farmers.
The government has scrapped the Cashewnut Industry Development Trust Fund (CIDTF) for what was described as failure to perform since it was established .... Read more »
Posted on : Thursday , 30th July 2020
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