Category Archives: Business

US agency awards grant to Kenyan company for feasibility study on 50-megawatt wind power plant

By George Tubei 

The United States Trade and Development Agency (USTDA) has awarded a grant to Kenya’s Craftskills Energy Limited for a feasibility study to develop a 50-megawatt wind power plant with integrated battery storage capacity in Kajiado, Kenya.

Actis, a leading investor in growth markets across Africa, Asia, and Latin America, is co-developing the project with Craftskills. U.S. firm Delphos International will execute the study.

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Abbott expands presence in Africa with opening of East Africa HQs in Kenya

Abbott, a leading global healthcare company, announced Thursday the opening of its second office in sub-Saharan Africa at The Watermark – Nairobi Garage Business Park.

The new office will function as the headquarters for the company’s operations in East Africa and is intended to support expanded growth opportunities for Abbott, both locally and in the region. Abbott’s other office in sub-Saharan Africa has been based in Johannesburg, South Africa, since 1940.

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‘I’m Now Doing Business in Ghana – Thanks to AB2020’s Business Mission’

African-American entrepreneur Amirah Allen found her niche in Africa with online health and beauty platform Harima Naturals, which she launched after embarking on AB2020’s Ghana Business and Investment Mission in 2018.

Here, she speaks about how our annual mission helped set her on course to build an e-commerce platform for 100% natural and ethically sourced ingredients from the West African region.

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American investors meet Speaker of Uganda’s Parliament, Rebecca Kadaga

By Henry Sekanjako

The Speaker of Uganda’s Parliament Rebecca Kadaga has implored American entrepreneurs to consider investing in Uganda for improved employment opportunities. Speaking during a meeting with a group of investors from the United States, at parliament Kadaga boasted of the peace and security in the country, which she said is a good environment for foreigners to invest in Uganda. Read more

American investors in Uganda for tech summit

Top American business owners and investors have arrived in Uganda ahead of the business conference with tech entrepreneurs, which will take place on August 14, in Kampala.

The delegation made up of eight venture capitalists jetted into the country Monday, include Mr. Greg Dennerlein who serves as the director Venture DNA, and Mr. Chris Paladino who is the principal at NCP Equity LCC. Read more

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