Browsing: Kenya

• To lessen its carbon footprint, Tanzania is adopting the use of vehicles that run on compressed natural gas (CNG).
• Plans are underway to set up CNG refilling stations in Dar es Salaam, Morogoro, and Dodoma cities.
• Tanzania’s $42 billion Liquid Natural Gas (LNG) project makes the transition to natural gas-powered vehicles a viable initiative.

In Tanzania, a new revolution to reduce carbon footprint is underway. The government is rolling out a plan to cease the use of crude oil for its government vehicles. This is part of a larger national initiative to reduce carbon footprint and adopt a more environmentally friendly system.

Instead of oil, the Tanzania Government Procurement Services Agency (GPSA) will now purchase vehicles that run on compressed natural gas (CNG).

A CNG vehicle is a car powered by natural gas rather than gasoline or diesel fuel. These cars are not specially manufactured to use CNG. Instead, automakers …

According to John Howkins, the orange economy incorporates industries whose goods and services arise from intellectual property. These include research and development, radio and TV, visual and performing arts, publishing, advertising, music, software, gaming, design, film, crafts, architecture, fashion, and design. Artists, cultural non-profits, and creative businesses can produce and disseminate goods and services that generate jobs, revenue, and quality of life.…

• Global South is rapidly becoming a center of technological innovation and environmentally conscious policymaking.
• The area is ideally set to lead in sustainable plastic manufacture as the world reimagines plastic management.
• Producing plastics in novel ways is essential to the circular economy’s goal of minimising, reusing, and recycling materials.

The environmental effects of plastic have dominated the conversation over this material in recent years. Latest technological developments and growing international agreements suggest that the center of plastic production may soon move to the Global South.

Global initiatives to reduce plastic pollution, a booming circular economy, and expanding industrial capacities in the Global South are all driving this shift. The Global South is ideally situated to lead the way in sustainable plastic manufacture as the world community comes together to reimagine plastic management.

When it comes to international initiatives to reduce plastic waste, the United Nations has been a leader. This …

• Traders across East Africa are shunning the Port of Mombasa in favour of Dar es Salaam Port citing higher fees.
• Uganda complains that up to 50% of their traders’ costs go to port clearance and transport expenses from Mombasa.
• The entry of DP World into the Dar es Salaam port promises improved vessel discharge times, lower fees, and increased profits, a move that will significantly challenge Mombasa.

In the shadow of rising cranes and towering cargo ships, the Port of Mombasa faces a formidable rival in the form of the Dar es Salaam port in Tanzania. Both harbours have set their sights on becoming the primary entry point to the promising opportunities in East African Community, a market of approximately 500 million people. The competition is fierce, and the stakes are high.

Mombasa port vs Dar es Salaam: The battle for East Africa’s gateway

As of 2022, cargo handling at …

• While Tanzania has imposed restrictions on grain exports, Kenya has prohibited the import of various grains.
• These ongoing grain import bans are strategies set to tame the escalating food inflation in the region.
• However, the import ban on wheat and maize will negatively impact Tanzanian traders who rely on the Kenyan market.

Kenya and Tanzania, two countries renowned for their evergreen grain trade, are now wielding the ban hammer on grain imports. This unexpected twist in the tale stems from a compelling synergy of motives—protecting local farmers reveling in bumper harvests and quelling the waves of food inflation.

As we delve deeper into this intriguing narrative, we will uncover the captivating dynamics at play, exploring the economic, agricultural, and geopolitical forces that have orchestrated this harmonious yet complex symphony of trade regulation.

Kenya and Tanzania deploy grain imports/exports ban

While Tanzania has imposed restrictions on grain exports, Kenya has prohibited …

South Africa-based insurer Hollard International has extended its footprint into East Africa. Hollard, a privately owned insurance, has struck a deal to acquire a stake in Apollo Investments Limited, the parent company of Kenya-headquartered APA Insurance.

This strategic investment, subject to regulatory approvals, gives Hollard International a presence in the East African market. The new acquisition supplements its existing operations in Southern and West Africa. Once approved, Hollard will become the second international investor in APA Insurance, following Swiss Re, which acquired a stake in 2014.…

In the hushed corridors of history, where the whispers of the past echo through time, there comes a moment when a monarch must confront the spectres of his lineage and reckon with the shadows that dance upon the pages of his family’s legacy. As King Charles III embarked on his maiden tour to Kenya and Africa, a voyage cloaked in the promise of a brighter future, he found himself standing at the precipice of a poignant encounter.…

Across East Africa’s vibrant economic landscape, Kenya and Tanzania hold a prominent position as both trading partners but also nations engaging in a fierce economic rivalry. Collectively, the two countries collaborate in business, yet never-ending feuds often erupt into disruptions that hurt cross-border trade. Overall, their trade wars slow regional integration while limiting the nations’ ability to exploit the full potential of the East Africa Community (EAC) market.…

The Kenyan government has revoked 1,546 licenses in the mining sector as it gradually resumes licensing, marking the end of nearly four years of a standing moratorium. Principal Secretary Elijah Mwangi, from the State Department for Mining, confirmed that the ministry has undertaken a thorough audit of all mineral rights holders to identify non-compliant rights.…

With its immense potential and vast resources, Africa stands at a critical point in its economic growth path. While the continent has promising economic prospects, it also has significant challenges that have impeded growth. A concept known as “blended finance” has gained popularity in recent years as a viable answer to assist governments in overcoming economic challenges. As a result, it is vital to look into what blended finance is, how African economies can leverage its benefits and its crucial role in supporting sustained growth across the continent.…