International professional services firm Deloitte recently released the 2022 edition of its Africa CEO Survey that shares the perception of African private sector leaders on key issues and challenges, and documents and analyzes their approach to a series of fundamental aspects of their business model.
The survey collects data and perceptions from 194 CEOs, operating in over 50 African countries, across all regions: North Africa (13%), East Africa & Indian Ocea.... Read more »
Posted on : Thursday , 28th July 2022
The African Development Bank Group's Board of Directors has granted a €63 million loan to Kenya to help it increase its production of cereals and oil seeds by more than 1.5 million metric tonnes over the next two years. The increased output will support the country's food security and economic resiliency.
The loan is a component of the $1.5 billion African Emergency Food Production Facility, a pan-African effort to stop an impending food crisis.
.... Read more »
Posted on : Monday , 8th August 2022
In order to launch a finance programme for smallholder farmers in Tanzania who need to adapt to climate change, the Green Climate Fund (GCF) has inked an agreement with the Tanzanian commercial bank CRDB Bank.
Tanzanian smallholder farmers will receive assistance in adjusting to the effects of climate change. The Green Climate Fund (GCF) and CRDB Bank, a commercial bank authorised by the Central Bank of Tanzania and listed on the Dar es Salaam Stock Exchange, will.... Read more »
Posted on : Wednesday , 27th July 2022
Coca-Cola Beverage Africa (CCBA) has signed a three-year Memorandum of Understanding with VetLab Sports Club and T3-Kenya to recycle 100% of the plastic bottles used at VetLab Sports Club.
T3-Kenya is a social enterprise that converts plastic waste into garments through bottle-to-fashion recycling.
T3-Kenya has agreed to recycle all plastic bottles collected during and after games at Nairobi's VetLab Sports Club.
This move is .... Read more »
Posted on : Tuesday , 26th July 2022
The first production blast was successfully finished at the end of June, according to ASX-listed Walkabout Resources, and mining of the pit has since commenced. The ore will be accumulated for use in the processing plant's commissioning.
'The start of the first high-grade, large flake stockpile of responsibly sourced graphite in Tanzania, as well as the first blast and mining of the beginning pit, mark a new chapter in the development of the Lindi Jumbo graphite m.... Read more »
Posted on : Tuesday , 26th July 2022
This is it. Unit 6 of the Olkaria I geothermal power plant is now operational. The announcement was made by Kenya Electricity Generating Company (KenGen), which has successfully completed the production tests of this new geothermal power plant with a capacity of 83.3 MWe. The facility is located in the Hell’s Gate National Park in Olkaria, Nakuru County, at the eastern end of the Eastern Rift Valley, about 43 km southwest of the nearest town, Naivasha, and about 122 km northw.... Read more »
Posted on : Monday , 25th July 2022
Kenya is among the top 10 countries in the world producing electricity through wind power, thanks to the Lake Turkana Wind Power (LTWP) launched by President Uhuru Kenyatta.
According Ember’s Global Electricity Review 2022, Kenya was ranked 9th biggest producer of wind energy globally and the top in Africa.
This is even as the sector's innovations continue to grow bigger hence producing more green energy while lowering the cost per kilowa.... Read more »
Posted on : Monday , 25th July 2022
Canadian company Solar Panda is securing USD 8 million for its expansion in Kenya. The funds were raised in a Series A round involving the European Union (EU)-funded Electrification Finance Initiative (EDFI ElectriFI) and Oikocredit, an impact investor based in Utrecht, Netherlands.
The Electrification Finance Initiative (EDFI ElectriFI) supports rural electrification in Kenya. In a series a funding round, the European Union (EU) funded programme has partnered wit.... Read more »
Posted on : Tuesday , 19th July 2022
Ofgen welcomes a new investor. It is CFAO Kenya, the subsidiary of the Corporation for Africa and Overseas (CFAO) group, based in Sevres, France. It is a long-standing partnership that is being strengthened as Ofgen has installed rooftop solar power plants to supply 6 CFAO group offices, 4 in Kenya and 2 in Uganda. CFAO did not specify the value of its investment.
But it will allow Ofgen to expand its services by providing solar power to other commercial and indus.... Read more »
Posted on : Tuesday , 19th July 2022
State-owned National Oil Corp. of Kenya has signed a deal with Saudi oil giant Aramco to import fuel at lower prices than the global costs of crude, local media reported.
This comes as part of the government’s efforts to lower pump prices in the African state, Business Daily reported.
As per the government-to-government deal, NOCK will import 30 % of Kenya’s monthly petroleum requirements from August.
ââ‚.... Read more »
Posted on : Friday , 15th July 2022
Tanzania’s biggest gas dealer Taifa Gas has been licensed to set up gas plant and storage facilities at a site in Dongo Kundu near the port of Mombasa to supply LPG for domestic, commercial and industrial use.
The company, owned by Tanzanian business magnate Rostam Aziz, is expected to bring healthy competition in the gas industry in Kenya given its lower prices.
An impact assessment study report is expected this month, and the company ha.... Read more »
Posted on : Friday , 15th July 2022
The Nigeria Export Processing Zones Authority (NEPZA) has secured an anchor tenant, Ash Biomedical Diagnostics Limited, ready to invest initial $100 million capital in the production of a variety of medical equipment in the freshly approved Medical/Pharmaceutical Special Free Zone in Lekki, Lagos.
This was hinted at by Mr. Adesoji Adesugba, NEPZA Managing Director, after a meeting with the company’s team led by its Managing Director/CEO, Mr. Ade Shodeinde i.... Read more »
Posted on : Wednesday , 13th July 2022
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