The World Health Organization has approved Bavarian Nordic’s mpox vaccine, the first jab it has greenlit to combat the outbreak that has killed at least 643 people in Africa so far this year.
The vaccine is approved for people over the age of 18 as…Continue Reading
Antibiotics are among the greatest success stories in the history of medicine. They have saved millions of lives by turning once-deadly diseases into curable conditions. But the golden era of antibiotics has come to an end.
Pathogens that wer…Continue Reading
New Tax Drives Up Cooking Oil Costs, Farmers and Consumers Suffer Manufacturers of vegetable oils are urging the government to remove the 10 percent import duty on crude palm oil, which they argue has led to a sharp increase in the price of cooking oil. Billow Kerrow, spokesperson for theContinue Reading
Tanzania Secures $77M Steel Mining Investment Tanzania is set to begin domestic steel production within the next three years through a new partnership between the National Development Corporation (NDC) and Fujian Hexingwang Industry Tanzania Co. Ltd. The project, which will be located in Ludewa District, Njombe Region, is expected toContinue Reading
The Uganda Investment Authority (UIA) has introduced a new initiative aimed at helping traders with significant capital move into manufacturing. This program, named “Transitioning Kikuubo Traders to Manufacturing,” is part of the government’s broader industrialization efforts. The initiative focuses on traders in Kikuubo, a major commercial hub in Kampala. ManyContinue Reading
Kiira Motor Corporation has announced that its vehicle manufacturing plant in Jinja City is 95% complete. The construction of this plant began in February 2019, and the facility is expected to be operational by October 2024. Paul Musasizi, the CEO of Kiira Motor Corporation, provided an update during a mediaContinue Reading
KAMPALA – Uganda Clays Limited (UCL), known for its baked clay building products, has reported a financial loss for the first half of 2024, according to unaudited financial statements released by the company. In a statement issued to shareholders at the Uganda Securities Exchange, UCL’s Board of Directors has advisedContinue Reading
BAT Kenya Reports Drop in Half-Year Profit Amid Economic Challenges BAT Kenya has reported a decline in its half-year profit, falling to KSh2.1 billion for the period ending June 30, 2024, down from KSh2.8 billion in the same period last year. This decrease is attributed to a range of factorsContinue Reading
Tanzanian industries now have the chance to significantly boost their production capabilities through a new agreement that allows for unlimited investment loans. This development follows a recent partnership between the Confederation of Tanzanian Industries (CTI) and Manufacturing Africa. Under the new arrangement, Tanzanian factories can access investment capital starting fromContinue Reading
Regional Giants Shake Up Kenya’s Market with Major Investments Businesses from the East African Community (EAC) are increasingly investing in Kenya’s vital sectors, including services, manufacturing, agriculture, and oil and gas. This shift marks a departure from the historical trend where Kenyan firms were the primary investors in regional markets.Continue Reading