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- New $900,000 initiative aims to boost sustainable trade in Tanzania
- Organization of the Petroleum Exporting Countries’ (OPEC) pride in its African roots
- AIM Global Foundation pushes for stronger Gulf-Africa trade partnerships
- Investment opportunities in South Sudan’s emerging gold industry
- Family planning drive in Kenya gets 450,000 self-injectable contraceptive doses from UK
- AfDB commits $2 billion to revolutionise clean cooking in Africa, save forests
- The harsh realities of family laws for African women revealed
- Kenyan home buyers shift preferences, seek affordable housing despite market downturn
Investing
- Gold deposits in South Sudan are primarily found in the central and eastern Equatoria region.
- Over 50 alluvial sites near the Luri River, about 40Km southwest Juba, have reported gold concentrations.
- Other alluvial gold concentrations have been found near the Kinyeti River, the city of Nimule, and northeast Karpeto.
Globally, South Sudan is recognized for its vast mineral resources, including a burgeoning gold industry. The growing gold industry in South Sudan represents promising opportunities for collaboration with established gold producers, enabling the country to leverage its expertise for enhanced exploration, extraction, and value addition.
For the first time in its eight-year history, the South Sudan Oil and Power Conference and Expo has been extended to four days to include a concurrent mining forum. This forum aims to explore and promote South Sudan’s untapped mining potential.
It invites international investors and private companies to participate and engage directly with South Sudan’s …
- Inaugural event promises to be a cornerstone in the region’s wood and woodworking machinery industry
- As construction projects continue to increase, the demand for woodworking machinery is expected to escalate
- Saudi WoodShow is showcasing an impressive line-up of exhibitors, including renowned companies such as Al Arak Wooden Manufacturing Company
Thousands of delegates are converging in city of Riyadh for the Saudi International Wood and Woodworking Machinery Exhibition (Saudi WoodShow) is all set to close tomorrow, May 14. Organized under the banner of WoodShow Global, this inaugural event promises to be a cornerstone in the region’s wood and woodworking machinery industry.
Globally, woodworking machinery market is projected to experience a steady Compound Annual Growth Rate (CAGR) of 4.5 percent between 2023 and 2032, fueled by the robust expansion of the construction sector worldwide.
With the industry witnessing significant growth momentum, the woodworking machinery market, valued at $4.9 billion in 2022, is …
- “Africa is like China 20 years ago, you see where China is now, so Africa is moving there,” Nael Hailemariam, Founder/CEO Chapa tells global leaders, and investors at AIM Congress 2024.
- Africa’s startup evolution is on, fueled by innovation and a youthful demographic dividend.
- This comparison of Africa to China’s meteoric rise serves as a compelling narrative for investors seeking untapped markets brimming with promise.
A panel discussion titled “The New Geographical Focus of Startups: Spreading Digital Innovation to Africa and Other Places” at the ongoing AIM Congress 2024 in Abu Dhabi has shed light on the startup evolution unfolding across Africa.
Expert speakers lifted the lid on the continent’s burgeoning potential, citing untapped opportunities that are ripe for investment. Nael Hailemariam, CEO/Cofounder of online payment gateway Chapa, captured Africa’s momentum, likening it to China’s trajectory two decades ago. “Africa is like China 20 years ago, you see where …
- Fixed-income securities are a broad class of very liquid and highly traded debt instruments.
- Data shows that the average turnover of Kenya’s bond market is over $4.55 billion, and NSE and EABX are now vying for this market share.
- The choice to merge OTC and onscreen trading will allow market players a flexible way to execute trades on the bond market.
The Nairobi Securities Exchange will soon offer a secondary bond market that combines both onscreen and Over-the-Counter (OTC) trading of fixed-income securities following regulators’ approval. Capital Markets Authority approved amendments to NSE Fixed Income Trading Rules.
In the amendments, Kenya’s capital markets regulator licensed the East African Bond Exchange (EABX) to operate an over-the-counter (OTC) trading platform, likely to drive up competition in the bonds market. An OTC market is a platform that facilitates transactions between traders without requiring them to go through an official securities exchange.
NSE Chief …
- Japan’s Toyota Tsusho Corporation will invest $5 million (KES800 million) in the Kenya Thika Vehicle Manufacturing initiative.
- A total of $93.7 million (KES 15 billion) will go towards the Meru Wind Farm Energy project, while $49.9 million (KES8 billion) will be invested in the Isiolo Solar Energy initiative.
- Japan is also readying $468.5 million (KES75 billion) for Kenya’s Menengai Geothermal Plant, as the Asian country promotes clean energy solutions.
In a move poised to reshape Kenya’s industrial landscape, Kenya and Japan have jointly announced plans to invest an estimated $617.2 million in East Africa’s largest economy, with a focus on bolstering key sectors of vehicle manufacturing and renewable energy.
This investment initiative marks a pivotal moment in the bilateral relations between Kenya and Japan, promising to unlock new opportunities for economic growth, employment for the youth, and sustainable development.
The cornerstone of this investment endeavor was laid this week with …
- According to authorities, tapping into DRC’s mineral wealth will yield significant returns for investors and contribute to the Congolese population’s socio-economic advancement.
- This strategic approach resonates with President Félix Antoine Tshisekedi’s agenda to foster job creation and entrepreneurial opportunities.
- Canadian mining giant Ivanhoe Mines is cited as an example of a “modern investor” doing business in DRC.
The Democratic Republic of Congo (DRC) is embarking on a bold mission to harness its untapped mineral wealth, valued at $24 trillion, by courting “modern investors” to drive its mining-powered development plan.
At the forefront of this initiative is Mr. Miguel Kashal Katemb, the Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP), who articulated the nation’s aspirations at the 30th annual Mining Indaba in Cape Town, South Africa.
In his address to the audience of investors, Mr Katemb underscored the DRC’s openness to all investors while emphasising the …
- By 2030, partners of the Southern Agricultural Growth Corridor of Tanzania (SAGCOT) aim to cultivate 350,000 hectares of land for profitable production.
- Using the SAGCOT model, Tanzania aims to achieve self-sufficiency in food production to feed Africa by the same year.
- Agriculture in Tanzania currently contributes nearly 30 percent of the country’s GDP and employs over three-quarters of the nation’s workforce..
The Southern Agricultural Growth Corridor of Tanzania (SAGCOT) has achieved significant success over the last decade since its establishment in 2010. Tasked with promoting inclusive, sustainable, and viable agricultural value chains in southern Tanzania, the organization has notably enhanced agricultural productivity.
SAGCOT has established production clusters, including Ihemi, Mbarali, and Kilombero, in southern and Morogoro. Through these agricultural clusters, SAGCOT has successfully increased food production, developed value chains, and elevated household income for farmers.
“I am truly impressed with the work of the SAGCOT Centre Limited and its …
- The Romania-Tanzania alliance is taking shape with President Iohannis signing two major trade MoUs with the African country.
- This is part of Tanzania President Samia’s move to woo European investors to her country’s agriculture sector.
- Romania-Tanzania ties seem to offer immediate gains with the European country assuring Dar es Salaam of food security even as the Ukraine-Russia war persists.
A fresh alliance, Romania-Tanzania, is taking shape, with the European country betting on the East African nation to grow its presence and influence on the continent significantly as it forges “strategic approaches to Africa.”
President Klaus Iohannis made the assertion during his recent visit to Tanzania. In a four-day state tour, he engaged with the government and investors in Tanzania’s mainland and the island of Zanzibar.
During his visit, at least two Romania-Tanzania agreements were signed by President Iohannis and his counterpart, Dr. Samia Suluhu Hassan.
Romania-Tanzania strategic partnership
While the …
- Next month, the 2nd Canada-Africa Business Conference in Nairobi signifies an opportunity for stakeholders to explore avenues for investment.
- Canada has been one of Kenya’s big trade partners with Kenyan exports to Canada estimated at US$18.71 million in 2022.
- The Canada-Africa Business Conference is a testament to the growing economic ties between the two regions.
Nairobi will host the second Canada-Africa Business Conference slated for February 2024, as the North American country looks to increase its grip on regional investments.
The Canada-Africa Chamber of Business announced that the annual gathering slated for the 19th to 20th of February 2024 in Nairobi, will be inaugurated by Kenyan President William Ruto and will seek to foster bilateral trade relations and investment opportunities between Africa and Canada.
The conference will serve as a platform for government officials, business leaders, and entrepreneurs from both nations to engage in constructive dialogue, explore potential collaborations, and …
