The Japanese heavy commercial vehicle giant Isuzu Motor may soon open an assembly factory in the nation if the current demand is maintained. This would be in addition to the ongoing East African Community initiative to support the automotive sector in the area.
According to Sandra Njagi, Head of Corporate Planning and Strategy at Isuzu East Africa, Tanzania's automotive industry produces roughly 95,000 vehicles a year, including cars, light and medium trucks, buse.... Read more »
Posted on : Friday , 6th September 2024
The China-Africa Renewable Energy Partnership is a ground-breaking program that was introduced in Nairobi, the capital of Kenya, with the goal of revolutionizing energy availability throughout the continent. By utilizing renewable energy sources, our collaboration aims to improve energy security and promote economic growth.
â€Energy is the golden threat; we cannot grow an economy without energy, which is essential to addressing poverty and climate change,â.... Read more »
Posted on : Friday , 6th September 2024
The Digital Realty Company, iColo, has announced that it has installed solar panels at its facilities in Kenya, marking a significant extension of its renewable energy activities. By doing this, the connectivity providers at iColo's data centers may improve their green credentials. Over 650 kW of additional solar arrays have been deployed and successfully commissioned by the company across its two data center locations in Mombasa and Nairobi.
Over 450kW of the new.... Read more »
Posted on : Friday , 6th September 2024
In order to grow its business in East Africa, Kim-Fay, a producer and distributor of feminine hygiene, baby care, and home goods, has obtained Sh2.5 billion in debt financing from I&M Bank and the Norwegian Investment Fund for Developing Countries (Norfund).
By 2025, a new recycled paper production facility in Tatu City is anticipated to be operational thanks to the funding. This facility will concentrate on offering low-income market segments reasonably price.... Read more »
Posted on : Wednesday , 4th September 2024
The Pepea Fund has provided an undisclosed sum of venture debt funding to Gaea Foods, a potato-processing company in Kenya, in order to help small businesses expand their supply networks and grow.
The Pepea Fund was established in 2023 to help SMEs and early-stage companies obtain funding for growth and the development of female entrepreneurs. It is administered by Goodwell Investments on behalf of Oxfam Novib.
Gaea Foods provides chopped.... Read more »
Posted on : Wednesday , 4th September 2024
The SADC secretariat has launched the SADC Regional Climate Resilient Water Investment Programme (SADC-AIP), a regional initiative to support climate resilience and water security in the region, ahead of the Summit of Heads of State of the Southern African Development Community (SADC) on August 17 in Harare, Zimbabwe.
Tanzania, Zambia, Angola, Botswana, Eswatini, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, and Zimbabwe are amo.... Read more »
Posted on : Wednesday , 4th September 2024
The Tanzania Petroleum Development Corporation (TPDC) is set to boost natural gas production by 80 million cubic feet (cf) over the next year in response to rising demand. This increase is driven by the growing shift of vehicles from petrol to Compressed Natural Gas (CNG) and the expansion of industrial use of natural gas. Additionally, neighboring countries are expected to seek more of this resource.
TPDC will launch production at the Ruvuma Ntorya block, contrib.... Read more »
Posted on : Wednesday , 4th September 2024
A government minister stated that Kenya intends to construct its first nuclear power plant by 2034 as the nation gets ready to host a nuclear energy summit between the United States and Africa.
According to safety and environmental issues, the facility, which is planned to be built on the Indian Ocean coast, has already sparked opposition from campaigners and locals. In a statement from his office, Prime Cabinet Secretary Musalia Mudavadi stated that Kenya intende.... Read more »
Posted on : Thursday , 29th August 2024
Ethiopia's planned electricity exports to Tanzania, which will likely start next month, have the potential to revolutionize the energy industry. On August 23, 2024, Engineer Ashebir Balcha, CEO of Ethiopian Electric Power, made a widely described announcement stating that the first power transmission will start by mid-September. This event, which was carefully planned for, is expected to represent a major advancement in Ethiopia's energy policy. Ethiopia's commitment to increasing e.... Read more »
Posted on : Thursday , 29th August 2024
The international technology company Epson has established a school donation initiative that will provide printers, projectors and visualisers to African schools. The organisation and network supplier Liquid Intelligent Technologies have partnered to embark on this journey.
This program is a component of Epson's larger effort to provide schools and hospitals in eight Middle Eastern and African (MEA) nations with over 800 EcoTank printers and hundreds of bun.... Read more »
Posted on : Thursday , 22nd August 2024
Actually, the growing middle class and their discretionary income are driving rising demand for wine and alcoholic beverages. Kenyans in particular have embraced wine drinking in social settings more and more. Kenyan wine has been gaining popularity as a result!
Kenya is home to a rapidly expanding wine industry. Kenya's wine business is gradually booming. creating wines that are exclusively African in order to meet local demand. Kenyan wineries also aspire to bec.... Read more »
Posted on : Thursday , 8th August 2024
A new $176 million securitised financing facility has been closed by off-grid solar product vendor d.light in order to support and grow its PayGo consumer loan offering in Kenya, Tanzania and Uganda.
The company claims that over the next three years, the facility will allow it to supply dependable, sustainable energy to an estimated six million people across three countries.
The new funding is coming from African Frontier Capital, a socia.... Read more »
Posted on : Thursday , 8th August 2024
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