Kenya's New Sh40bn Oil Terminal Nears Completion

Kenya will quadruple its capacity to handle transit petroleum products to Uganda, Rwanda, and Burundi when the new Kipevu Oil Terminal in Mombasa is completed in January 2022, up from 35,000 tonnes now.The new terminal, which cost $385 million, can handle up to four vessels at once, whereas the old terminal could only handle one.The port is projected to lower the cost of petroleum products by lowering demurrage, or the extra time required to load and unload goods, which is a major.... Read more »

Posted on : Wednesday , 8th December 2021

Experts from the EAC will identify investment incentives for antibiotic production

Experts from the East African Community (EAC) member nations began a two-day workshop on Wednesday with the goal of developing financial incentives for antibiotics manufacturing in the region. The pharmaceutical sector was one of the priority sectors for the EAC's industrialization policy, according to Jean Baptiste Havugimana, the EAC director of Productive Sectors, who spoke at the meeting in Arusha, Tanzania's northern capital. As part of the region's social and political.... Read more »

Posted on : Wednesday , 8th December 2021

Hester Biosciences to acquire 50% stake in Tanzania’s Thrishool Exim

Hester Biosciences Limited has announced that its international arm, Hester India, has agreed to buy a 50% share in Tanzania's Thrishool Exim Limited. Hester will benefit from the acquisition by expanding its distribution footprint in Tanzania and across the African continent. According to a statement, the proposed stake acquisition will cost $2.25 million. Tanzanian regulatory approvals are required for the proposed transaction. As of December 31, 2020, the animal.... Read more »

Posted on : Wednesday , 8th December 2021

China pledged to promote bilateral trade ties with Uganda: FM

According to visiting Chinese State Councilor and Foreign Minister Wang Yi, China vowed to take bilateral trade between China and Uganda, as well as China and Africa, to new heights. Wang made the statements during a meeting with Ugandan Foreign Minister Jeje Odongo on the sidelines of the Forum on China-Africa Cooperation's Eighth Ministerial Conference (FOCAC). Wang said China will focus on the nine projects and take actual actions to help Africa achieve development and.... Read more »

Posted on : Tuesday , 7th December 2021

Tanzania's investment potential are attracting the attention of Polish firms

In order to expand ties and explore existing potentials between the two nations, Poland has identified areas where its companies are interested in investing in Tanzania. Krzysztof Buzalski, Poland's ambassador to Tanzania, recently stated that Polish companies were attentively examining investment potential on the Tanzanian market in fields such as agriculture, blue economy, mining, tourism, and Information and Communications Technology (ICT). However, he stated that there.... Read more »

Posted on : Monday , 13th December 2021

Bluetti Lights up the First Home in Africa Under Project LAAF (Lighting An African Family)

Considering Africa’s potential of generating enormous solar power, the current situation in the continent is gruesome and actually quite opposite considering the energy generation. Over640 a million people in Africa do not have access to energy, while only 40% of people have electricity connections. However, the per capita consumption is significantly lower at 180 kWh, while it is at 14000KWh in the US and 7500kWh in Europe.It is quite difficult for people in the continent to at.... Read more »

Posted on : Thursday , 2nd December 2021

Kenya accelerates its PET collection and recycling agenda, thanks to Coca-Cola Africa.

Coca-Cola Beverages Africa is a subsidiary of Coca-Cola. Kenya's sustainability mission continues to be driven by PETCO Kenya and other programmes such as trash segregation at source efforts. Our aim of a Waste-Free World has seen encouraging trends in waste collection and recycling, which is already nearly double the 72 percent achieved in 2020. Susan Maingi, CCBA Kenya's Public Affairs and Communications Director, said the company had achieved this outstanding recycling.... Read more »

Posted on : Tuesday , 30th November 2021

Tanzania pledged urgent action and investment in more sustainable farming methods

Prof Siza Tumbo, the Deputy Permanent Secretary at the Ministry of Agriculture, said the Tanzanian government was working with a variety of partners to combat climate change in the agriculture sector. As a first mitigation strategy against climate change, he stated that Tanzania was dedicated to ensuring an appropriate supply of inexpensive, nutritious food was kept for the population. Second, irrigated farming is being promoted in order to lessen reliance on rain-fed.... Read more »

Posted on : Friday , 26th November 2021

Kenya becomes Africa's first country to have Climate Credit Facility launched for Agriculture.

ADAPTA, Africa's first climate adaptation credit facility for agriculture, was started in Kenya with support from the Bill and Melinda Gates Foundation of USD 1.5 million for Phase I. ADAPTA will create and test a cutting-edge loan underwriting platform that blends agricultural technology and climate-smart agriculture. To unlock finance for farmers and Agri-SMEs, ADAPTA proposes to employ climate scoring algorithms to change how banks and investors assess agricultural risk..... Read more »

Posted on : Friday , 26th November 2021

SA based electric car maker sets up shop in Nairobi

Agilitee Africa, a South African-based electric car manufacturer, has opened a branch in Nairobi as it aims to grow into the East African market. Mandla Lamba, the business's Chief Executive Officer, stated that the company intends to spend Sh111.2 million in its Nairobi-based subsidiary, Agilitee East Africa. "We will formally begin operations in Kenya in early December of this year. We are already selling our goods, and the reaction has been quite encouraging," said Dr.... Read more »

Posted on : Friday , 26th November 2021

Tanzania demands higher timber and wood supply

In Tanzania's fast developing economy, rising demand for timber and wood supply from industrial plantations and natural forests have created a new source of income for smallholder farmers in Tanzania's Southern Highlands, which is experiencing a tree-growing boom. Woodlots are becoming increasingly common in East Africa as a result of growing urban demand for lumber, electric poles for rural electrification initiatives, firewood, and charcoal; Kimambo and Naughton-Treves..... Read more »

Posted on : Friday , 26th November 2021

Walkabout Resources expects to begin production at Lindi Jumbo in Q3, 2022, notwithstanding the hurdles posed by the COVID-19 epidemic.

The corporation has already hired a local contractor to handle the earthmoving and civil work on the job site. 'The contractor is currently putting all of the civils in place so that when the plant arrives from China, it can be installed.' We've also made the first payment to our EPC contractor (Yantai Jinpeng Mining Machinery Co. LTD) so they may finish the equipment we bought two years ago. The first shipment of the plant is expected to arrive in Tanzania in December,' says Andrew.... Read more »

Posted on : Friday , 26th November 2021