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Industry and Trade
Digital development is attracting new Foreign Direct Investment (FDI) to Africa. This as overall FDI into Africa is on the decline according to data…
Kenya’s economy grows 5.3% in first quarter, powered by manufacturing…
Dangote Group’s major refinery in East Africa needed deep-water berths…
Tanzania will receive $73.5 million to finance a programme that will boost its food production…
On a broader scale, gas is relatively cheaper than charcoal. Government reports note that an average cost of a family on energy stands at $51 per month, preferably going to charcoal as an option. Meanwhile, the same family could revert the prices and invest in a 15 kg cylinder of gas sold at $20 (The Citizen).
The LPG industry in Tanzania stands to change for the better as consumption increases. At the helm of introducing new investments in the oil and gas sector, Tanzania’s LPG industry is slated for the best.
On a comparison basis, the Tanzania LPG industry is doing relatively well compared to the past years. Via Taifa Gas Limited, 35 plans and storage facilities have been established since 2016.
Kenya Airways (KQ) and South African Airways (SAA) have signed a codeshare agreement that opens…
South Sudan will receive $8.1million from the African Development Bank (AfDB) to address food The…
AfDB said its board had approved the funding, adding that the production increase will help bolster Kenya’s food security and economic resilience.
The loan is part of the African Development Bank’s $1.5 billion African Emergency Food Production Facility, an Africa-wide initiative to avert a looming food crisis exacerbated by the war in Ukraine.
Kenya: AfDB approves a $63 million loan to increase cereals and oilseed production
The loan will support the country’s Ministry of Agriculture, Livestock, Fisheries and Cooperatives (MoALFC). It will enable the government to provide affordable fertiliser and seeds to farmers ahead of the October-December 2022 short rains and into the 2022/2023 long rains crop production season.
Dr Beth Dunford, the Bank’s Vice President for Agriculture, Human and Social Development, said the successful implementation of the Facility would see some 650,000 farmers as direct beneficiaries, resulting in the production of 1.5 million tonnes of cereals and oilseeds.
The aviation industry in Kenya has recovered from the COVID-19 pandemic that led to the halting of operations as planes were grounded to curb the spread of the virus.
Data by IATA revealed that global airlines suffered cumulative losses of almost $190 billion (KSh 22.5 trillion) between 2020 and 2022.
In Kenya, local airlines were not spared, but the resumption of flights provided a ray of hope.
List of private airlines in Kenya and their owners.
