Kenya

Adani seeks KSh635bn from Kenyans for power lines, substations

India’s Adani Group will seek KSh634.7 billion ($4.92 billion) from Kenyans over the next 30 years for building high-voltage power transmission lines, setting the stage for an increase in electricity prices. The conglomerate, through its subsidiary Adani Energy Solutions Limited and a unit of the African Development Bank, has been awarded a public-private partnership concession to build the power transmission lines for $1.3 billion (KSh167.7 billion). The firms are expected to recoup their investments through a new charge on households’ monthly electricity bills. 

(Business Daily)

Tanzania

Why Tanzanian honey is set to go places

Tanzania’s high-quality honey is set for a major global recognition boost, thanks to the upcoming launch of the Tanzania Honey Trademark. The Trademark is funded by the European Union and jointly implemented by the Belgian Development Agency — Enabel. The launch of the trademark recognises the exceptional quality of Tanzanian honey and beeswax, which generate about €9.55 million each year. The trademark will enhance Tanzania’s exports and create new opportunities for beekeepers. 

(The Citizen)

Uganda

Museveni stresses importance of peace, security for business

President Yoweri Museveni has underscored the critical role of peace and security in fostering business success. Addressing participants during the fifth Bi-Annual Private Sector CEO retreat in Kampala, the President emphasised that the absence of security impedes business operations. He acknowledged the past disturbances in the West Nile, Acholi and northeast regions but expressed satisfaction with the resolution of these conflicts. The retreat provided a platform for discussions on enhancing northern Uganda’s commercial and agricultural potential. 

(Daily Monitor)

Ethiopia

Ethiopia achieves record coffee export revenue

Ethiopia secured over USD 196 million from the export of 42,322 tonnes of coffee in just one month, setting a new record for foreign currency earnings, according to the Ethiopian Coffee and Tea Authority. The Director General of the Authority, Adugna Debela, confirmed that the latest export figures marked the highest monthly revenue from coffee exports in the country’s history. The export volume increased by 165%, while revenue surged by 143% compared to previous targets. Ethiopian coffee is currently exported to over 60 countries, with the US, Germany, Belgium, Japan, Spain, and Saudi Arabia as the top destinations. The country earned USD 1.43 billion from coffee exports in the 2023/24 fiscal year.

(The Ethiopian Herald)