Ethiopia is one of the mineral rich countries of East Africa, which has been scouting for Indian investment. Besides huge gold reserves, the country has been a significant producer of sapphire, opal, and emerald in recent years. The field is wide open for investors to bring these extraordinary gemstones to the global market. The other resources discovered in different regions of the country include iron, phosphorus, tantalum, salt, potash, soda.... Read more »

Posted on : Monday , 11th January 2021

Rwanda is setting an annual industrial growth of 14 % by 2020 from the current 2 % in 2016 -17 fiscal year, Rwandan minister of industry said during celebrations of Africa Industrialization Day, at the Kigali special economic zone. Vincent Munyeshyaka, Minister of Industry also said that his government target is to see industrial sector contribute at least 20 % to GDP up from the current 17.1 % in 2016-17 fiscal year. The move requires.... Read more »

Posted on : Monday , 30th November 2020

In the year 2000, the Tanzania government of the day officially launched the Tanzania Development Vision 2025 with the overreaching development goal of accomplishing a semi-industrialised, middle-income competitive economy by 2025. What with one thing leading to another, successor governments came up with the 2011/12—2015/26 Long-Term Perspective Plan which embodied 5 Year Development Plans (FYDPs). The 1st such quinquennial.... Read more »

Posted on : Friday , 27th November 2020

The pharmaceutical industry in Kenya is growing at a speedy pace and offers great opportunities for manufacturers and exporters to establish their products and services in the lucrative market for pharmaceuticals in East Africa. Kenya is presently the largest producer of pharmaceutical products in the Common Market for Southern and Eastern Africa (COMESA) region, supplying more than 50% of the regions’ market. Kenya’s prescription.... Read more »

Posted on : Monday , 2nd November 2020

Exports in the first quarter of the fiscal year 2020 compared to in the previous fiscal year, export revenue increased by 115.6 million USD or 16 percent and a total of US $ 838.6 million was earned, according to the Ministry of Trade and Industry (MoTI).The industrial sector earned 95 percent and 94 million USD, while agricultural products earned 73 percent and 541 USD .The mining sector has achieved 300 percent of the plan and 205 million USD.... Read more »

Posted on : Friday , 30th October 2020

Anker Innovation Technology Co. Ltd, a manufacturer of electronic products, has announced that they have picked Kenya as its launch pad in the East African market.They intend to tap into Kenya's exponential growth in use of technology and smart devices to transact business.Anker's Innovations Regional Sales Head, Faraz Mehdi said, "We are extremely excited to venture into the Kenyan market which has the highest share of internet usage through.... Read more »

Posted on : Wednesday , 7th October 2020

Mabati Rolling Mills Limited (MRM), a member of the Safal Group has launched the SAFBUILD manufacturing plant at its Athi River facility in the outskirts of capital city Nairobi.MRM's SAFBUILD brings to the market a new way of building quality steel framed buildings using their custom designed Proprietary Software.The cold formed high strength frames are completely factory-produced ready for fast erection and assembly at site.The plant has a.... Read more »

Posted on : Tuesday , 6th October 2020

Regional Leasing Firm, Vehicle And Equipment Leasing Limited - VAELL all is set to take-off its agricultural arm in Tanzania as part of its regional expansion strategy.Dubbed Tinga, the arm will support SMEs and small scale farmers' right to use to farm implements and transport services"This move has been necessitated by various requests for farm machinery and transport services in East Africa's largest nation," said the firm in a.... Read more »

Posted on : Tuesday , 8th September 2020

Nairobi-based Jilk lately purchased an Ammann CBT 60 SL Elba concrete mixing plant. The CBT 60 plant is known to be compact allowing the plant to easily relocate between large projects. With a production output of 60 m3 per hour, the concrete mixing plant features a steel frame for the foundation, a 60-tonne cement silo with a transportable design and additive storage tank with a scale and controls that enable effortless.... Read more »

Posted on : Tuesday , 8th September 2020

Agricultural machinery produced by Rostselmash SC are planned to be supplied to Mozambique and East Africa, according to the agency of economic information Prime, with reference to the Director for export sales of the company, Maxim Maximov. We are talking about the implementation of a government project that provides for the export of 70 pieces of equipment to this East African country. As east africa is one of the growing countries exporting.... Read more »

Posted on : Monday , 29th April 2019

For their products & services with TTD’99 LTD. for Tanzania, Uganda and Rwanda, Forklift center is glad to announce that it entered into a dealership agreement. Being one of the the leading companies for sales and service of forklift trucks & port equipment such as reach stackers, container handlers & terminal equipment. A brand-independent company Forklift center announced their dealership agreement with TTD’99.... Read more »

Posted on : Tuesday , 16th April 2019

Expanding its operations to Africa the Norden Danish shipping company is expected to open an office by the end of the year hopefully.   Africa will get its boost as this company invent, which will lead to penetration in the market which eventully will effect the growth of the country.   It will establish its eleventh office at its new location in Abidjan, Ivory Coast.   The company has its hands on not only Africa but.... Read more »

Posted on : Tuesday , 9th April 2019