According to H.E. John Munyes, Cabinet Secretary for the Ministry of Petroleum and Mining, Kenya is seeking KSh500 billion ($4.55 billion) in investment to construct a pipeline, central processing and storage facilities from Lokichar to the coast, as well as upgrade refineries in Lamu and Mombasa.
The emerging oil producer currently transports its crude from Turkana to the coast, preventing commercialization and, as a result, economic development.
“We put .... Read more »
Posted on : Friday , 2nd April 2021
The Emirati independent power producer Masdar Clean Energy has just obtained the approval of the Ethiopian government to produce 500 MWp of solar energy. The electricity will be stuff into the grid of the state owned Ethiopian Electric Power.
At least around 500 MWp will be stuff into Ethiopia's national electricity grid in the next upcoming months. This will be thanks to new solar PV plants built by Masdar Clean Energy. The UAE based independent power producer ha.... Read more »
Posted on : Wednesday , 17th November 2021
The Bank of Tanzania released its Monthly Economic Review – Feb 2021, indicating that the total exports of goods and services amounted to US$ 8,741.8 million in year ending January 2021, representing a slight decrease from US$ 9,835.5 million recorded in the corresponding period in 2020.
Traditional exports amounted to US$ 705.4 million from US$ 959.7 million, accounting for 8.1 per cent of total exports.
Non-traditional exports increased.... Read more »
Posted on : Thursday , 1st April 2021
Volkswagen Mobility Solutions Rwanda unveiled a new charging station on Tuesday, March 30, thanks to a collaboration between the firm, Siemens, and Radisson Blue Hotel. Posted on : Wednesday , 31st March 2021
The new facility, located at the Kigali Convention Centre, is the second of its kind, following the one built in the Kigali Special Economic Zone.
The new station, according to Serge Kamuhinda, CEO of Volkswagen Mobility Solutions Rwanda, is a move toward more environmentally friendly transportation.
The Global Day of Recycling, celebrated on 18 March, offered the opportunity to reflect on how the prosperity of Africa should be promoted through inclusive growth of economies, while reducing the environmental impact of packaging waste.
Coca-Cola Beverages Africa (CCBA) has made its aggressive recycling targets a top business priority, along with key success indicators for growth and profitability, according to Coca-Cola Chief Executive Officer and Chairman James.... Read more »
Posted on : Wednesday , 31st March 2021
With the construction industry moving towards modular construction, the University of Pretoria (UP) Graduate School of Technology Management senior lecturer Schalk Grobbelaar stated that mass timber is one of the few building materials that ticks the boxes in terms of being cost effective, dependable, sustainable and quick construction. Mass timber has developed into a profitable building material for manufacturers and construction companies.
Conversely, Grobbelaar also comme.... Read more »
Posted on : Wednesday , 31st March 2021
Ethiopia and South Korea have signed a grant agreement worth 32 million USD, which will assist Ethiopia in achieving its development goals based on the Ten Year Prospective Plan and the SDGs.
Yasmin Wohabrebbi, State Minister of Finance, and Kim Dong Ho, Country Director of the Korea International Cooperation Agency (KOICA), signed the deal.
According to the agreement, KOIKA will provide funding for three projects in Ethiopia over the next five .... Read more »
Posted on : Tuesday , 30th March 2021
Uncovered Fund, a venture capital company focused on early-stage entrepreneurs in Africa, announced today the opening of its $15 million fund, which is set to close at the end of June this year. Takuma Terakubo's Tokyo-based firm, established in 2019, will invest $50,000 to $500,000 in African startups in the seed and Series A phases.
Uncovered Fund invests in retail, fintech, health tech, logistics, MaaS, agritech, and smart city startups in Kenya, Nigeria, and S.... Read more »
Posted on : Tuesday , 30th March 2021
Plastic waste from factories and businesses is turned into extremely powerful paving bricks by a Nairobi-based social enterprise.
Nzambi Matee founded Gjenge Makers after becoming frustrated with how little was being done to address the pressing issue of plastic pollution in her country.
Her and her team were named Young Champions of the Earth for 2020 by the United Nations Environmental Programme for their resilient building materials.
&n.... Read more »
Posted on : Tuesday , 30th March 2021
The European Union has given the Kenya Agricultural and Livestock Research Organization Sh300 million to help with food security.
The funds will also be used to expand research and the use of climate-smart technology in the fight against climate change.
The AgriFI Kenya Climate Smart Agricultural Productivity Project will introduce the five-year programme.
The sub-grants would help at least 19 groups of farmers along the coast.... Read more »
Posted on : Tuesday , 30th March 2021
African countries could play a key role in India's efforts to diversify its oil and gas sources, according to the country's oil minister on Wednesday, as the country seeks to reduce its dependence on the Middle East.
After OPEC+ agreed earlier this month to largely maintain production cuts in April, India, the world's third largest oil importer, has asked state refiners to accelerate the diversification of oil imports in order to progressively reduce its reliance on the Middl.... Read more »
Posted on : Tuesday , 30th March 2021
Ethiopia's government intends to use iodine-based cloud collection technology to increase agricultural production and achieve food self-sufficiency.
According to Prime Minister Abiy Ahmed, a group of experts will use the technology in the coming two months to collect clouds and turn rainfall. He commented on the future of Ethiopia's tourist attraction in the southern part of the country during a meeting with its ministers in Koisha.
In terms of .... Read more »
Posted on : Monday , 29th March 2021
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