The destiny of a proposed streamlined commerce settlement among Kenya and the US is supposed to highlight noticeably when President William Ruto meets his American partner Joe Biden as an afterthought lines of the US-Africa Pioneers Culmination in Washington.
President Ruto was because of fly out subsequent to driving the country for Jamhuri Day festivities at the Nyayo Public Arena in Nairobi.
"I anticipate working with African legislatures, co.... Read more »
Posted on : Tuesday , 20th December 2022
Expansion of credit to farming was all the while souring in October this year following estimates put on by the public authority since last year to support funding into the area.
As per the Month to month Financial Audit delivered by the Bank of Tanzania during the week, yearly credit development to horticulture for the year finishing October 2022 remained at 57.7% contrasted with 46.7% in the previous month and negative 14% same period last year.
.... Read more »
Posted on : Tuesday , 20th December 2022
Tanzania and Zambia have agreed to build up security along their common oil pipeline as they finalise plans for the facility to start transporting refined petroleum products.
The Tanzania Zambia Mafuta (Tazama) pipeline transported crude petroleum products from Dar es Salaam to Zambia, where they were processed at the Indeni Refinery in Ndola, Zambia.
However, as part of President Hakainde Hichilema’s reform plan, the government ceased im.... Read more »
Posted on : Thursday , 15th December 2022
HomeBiogas wins order for biodigesters in Rwanda. The Beit Yanai, Israel-based company signed a deed of commitment with the United Nations (UN), which initiated the project, on the side-lines of the recently concluded 27th UN Conference of the Parties on Climate Change (COP27) in Sharm el-Sheikh, Egypt.
As part of its contract, HomeBiogas will provide its solutions to farmers. The devices will be used to produce biogas from organic waste. The biogas will be used f.... Read more »
Posted on : Thursday , 15th December 2022
Ethiopia has started exporting electricity to neighbouring Kenya following a week of testing of a new transmission line, Ethiopian Electric Power said.
The $500 million line has capacity to transmit 2,000 MW of electricity, potentially earning Ethiopia as much as $100 million annually.
“Ethiopia has completed activities to ensure uninterrupted and reliable transmission of power and it is expected that similar activities will be implemented.... Read more »
Posted on : Tuesday , 13th December 2022
Kenya recently inked a deal with an Australian firm to establish a green hydrogen and ammonia plant, kick-starting the country's plan to utilise green energy across the continent.
The industrial-scale production of green hydrogen and ammonia will be vital in making clean, affordable fuel and fertiliser for Africa. Further, it will help Kenya, which is already leading a geothermal revolution across Africa, increase its footprint in the renewable energy market.
<.... Read more »Posted on : Wednesday , 25th January 2023
Good news for Distributed Power Africa (DPA) in Kenya. The Cassava Technologies subsidiary has a US$2.7 million line of credit from Electricité de France (EDF) and Mirova SunFunder, an investment company based in Nairobi, Kenya. With this financing, DPA plans to accelerate the development of its project portfolio. In Kenya and other African countries, the company, led by Norman Moyo, finances, builds and operates solar PV plants for commercial and industrial (C&I) customers.<.... Read more »
Posted on : Monday , 12th December 2022
Solarise Africa has funds to expand its solar PV portfolio in Africa. The Sandton, South Africa-based Company has raised €33.4 million. The facility was secured in a transaction arranged by the Facility for Energy Inclusion (FEI), a renewable energy financing facility set up by the African Development Bank (AfDB) and managed by Lion’s Head Asset Management.
The EIF is providing $21.4 million in financing. Dutch impact investor Oikocredit is contributi.... Read more »
Posted on : Monday , 12th December 2022
BEKA Schreder is proud to have been involved in a heart-warming project where LED luminaires were donated to Matolweni Early Childhood Development Centre in Drayini Village, outside of Idutywa, Eastern Cape.
The original Matolweni Early Childhood Development Centre was a mud hut crèche. High crime rates have initiated efforts to upgrade the facility. The community was introduced to the Samarpan Foundation headed by Nicola Irvine. Over the past few years, the community, wit.... Read more »
Posted on : Friday , 9th December 2022
The inflow of funds from the diaspora contributed significantly to the bloc's FDI, which stood at $8.2 billion as of last year, prompting the bloc to develop a Diaspora Engagement Strategy. The move, if implemented, will make it easier for East Africans living in the diaspora to invest and trade in the region, according to EAC Secretary General Peter Mathuki.
He was speaking at the East African Chamber of Commerce's 17th Annual Trade and Investment Conference (EAC.... Read more »
Posted on : Thursday , 1st December 2022
President Samia Suluhu Hassan and her Democratic Republic of the Congo (DRC) counterpart, Félix Tshisekedi, have agreed to collaborate during a number of areas to boost bilateral trade.
Consequently, Tanzania and the DRC intend to cooperate in a range of areas, including trade, investment, infrastructure, finance, energy, education, security, and immigration.
This decision was reached following discussions between the 2 leaders at the State H.... Read more »
Posted on : Thursday , 1st December 2022
After the Ministry of Health struck an agreement with Egypt's Alameda Healthcare group to increase access of specialised and super-specialised health services, Tanzania's initiative to promote medical tourism has gained momentum.
Similar agreements have already been struck by the government with Kenya, Burundi, Rwanda, Israel, India, and Turkey.
The Alameda Healthcare agreement will give the nation access to medical staff training, the ability t.... Read more »
Posted on : Thursday , 1st December 2022
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