Norfund has provided a USD 5.5 million senior loan to Kim-Fay to support the construction of a new recycling facility. This funding, combined with additional financing from I&M Bank, represents a key strategic initiative for the company. The recycling facility, set for completion in 2025, will...
According to Ms. Aziza Swedi, Acting Director of Licensing and ICT, the Tanzania Mining Commission has granted 54,626 mining licenses in the last seven years. The commission granted a variety of licenses between the 2018/2019 fiscal year and September 2024, including 1,683 Prospecting Licenses (PLS), 144...
HYATT Regency Dar es Salaam, the Kilimanjaro, plans new hotel facility in Dodoma to tap business opportunities in the rapidly growing capital city. Unveiled in Dar es Salaam this week by the Hotel’s Director of Sales and Marketing, Mr Denis Glibic, at a media briefing on...
In order to alleviate water shortages in the Nairobi Metropolitan area, the Kenyan government has put the Sh 4.5 billion (about USD 35 million) Kigoro Water Treatment Plant in Gatanga, Murang’a County, into service, according to the Kenya News Agency. The facility is a part of...
According to the Pan-African Manufacturers Association, ineffective border procedures, expensive trade, and inadequate infrastructure are the main barriers preventing Africa’s manufacturing industry from expanding. Ahmed Mansur, the interim president of PAMA, made this announcement on November 24 at the 2024 African Economic Conference in Botswana. Mansur...
CFAO Engines has revealed two vehicles into the Kenyan market – the Suzuki Great Vitara and the Suzuki FronX. The acquaintance of these vehicles looks for with enhance Suzuki vehicle contributions in the new traveler vehicle market. The Suzuki Fabulous Vitara, a model inseparable from experience,...
Key investors are promoting a regional approach to vehicle assembly by setting up specialized centers of excellence inside member nations in an attempt to boost East African economies. This action seeks to promote cooperation, lessen competition in comparable markets, and boost economic benefits for each country...
GCL Energy Investment, a subsidiary of GCL Group (Golden Concord Group), a leading Chinese integrated energy service provider that specializes in clean energy and new energy with diversified development of related industries, and UAE Hodler Investments, a UAE-based investment company with its headquarters in Dubai that...
The Boqolmayo area of the Liibaan region, the Somali State of Ethiopia has completed an important solar-powered electric supply project that will supply more than 43,500 households with electricity around-the-clock. A 2-megawatt solar power plant linked to 5,292 posts with a 5.5 battery backup and an...
Nairobi will see the opening of ten more solar-powered charging stations by Roam, a technology-driven electric mobility firm based in Kenya. The project is financed by a Horizon 2020 initiative supported by the European Union. By providing electric motorbike users in Nairobi with reasonably priced battery...
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