List of all articles filed under “africa-reports” category.
Congratulations to Indrani Bhattacharjee of DPS International Ghana for winning the Orators Competition 2024! 🎉🎉🎉We’re so proud of you, Indrani! You’ve worked hard and dedicated …
B5 Plus Ltd, a renowned name in the steel and manufacturing industry, has been celebrated for its outstanding contributions to community engagement and development at …
B5 Plus, a leading industrial and building materials supplier, has been honored as the “Best Performer in Mine Supplies and Support Services” at the prestigious …
We’re excited to share the fantastic news from the recent Ghana Inter-School Festival! Our talented athletes have brought honor to our school. Our Achievements: Badminton …
In this interview, Sanjay Awasthi, CEO of Tembo Steels Uganda, provides an overview of the company’s journey and its significant impact on the Uganda steel …
In an exclusive interview, Sanjay Awasthi, CEO of Tembo Steels Uganda, shared insights into the company’s pivotal role in the Uganda steel industry. Since its inception in 2000, Tembo Steels has been a leader in steel manufacturing in Uganda, pioneering innovations like TMT bars production and lightweight structural steel. The company is the sole provider of primary steel production in the country, utilizing Directly Reduced Iron (DRI) to ensure high-quality products while setting benchmarks for purity and strength.
Awasthi highlighted Uganda’s steel industry trends, noting its transition from reliance on secondary steel production to a more advanced, value-added model. Despite challenges from foreign competition, such as Chinese imports, Tembo Steels has maintained its competitive edge by innovating and expanding its production capacities, including a soon-to-launch DRI plant.
Sustainability is at the heart of Tembo Steels’ operations, as it drives green steel practices in Uganda. The company has achieved a carbon emissions matrix close to 70%, far exceeding global averages. Awasthi emphasized the need for collective action in reducing CO2 emissions, especially as Uganda steel manufacturers strive to align with international sustainability standards.
In addition to its industrial achievements, Tembo Steels is deeply committed to corporate social responsibility in Uganda, contributing to healthcare and environmental initiatives. From producing oxygen during the COVID-19 crisis to conducting extensive plantation projects, the company underscores its dedication to community well-being.
Looking ahead, Awasthi envisions Tembo Steels setting global benchmarks in sustainable steel production, reinforcing its leadership in the Uganda steel market while continuing to innovate and support the country’s economic growth.
An increasing number of Ghanaians living in the country and the diaspora are investing significantly in real estate. This is mainly due to the high …
Accra, Ghana – B5 Plus Ltd, a leading name in the steel manufacturing industry, has been awarded the prestigious Steel Brand of the Year 2024 …
Join us as we explore the fascinating world of aquaculture with Dave Okech, the founder and CEO of AquaRech, a trailblazing company revolutionizing fish farming …
AquaRech, a leading aquaculture technology company founded in 2019 by Dave Okech, is revolutionizing fish farming in Kenya and beyond through innovative solutions tailored to address critical challenges faced by smallholder fish farmers. Leveraging a digital platform powered by mobile app technology, AquaRech bridges gaps in the aquaculture sector by providing farmers with high-quality fish feeds, credit financing, market access, and technical support. The AquaRech Fish Farmer app, accessible through both smartphone and USSD versions, empowers farmers with tools to monitor fish growth, track feed usage, and connect with a structured fish market through a unique buyback system. Additionally, the AquaRech Fish Deli app caters to consumers, offering doorstep delivery of air-fried Kenyan farmed tilapia, showcasing the company’s commitment to vertical integration.
AquaRech’s innovative solutions, such as the “buy now, pay later” financing model, help farmers access critical inputs like feed, enabling them to reduce production time from 16 months to 8 months and achieve a 40% increase in productivity. The integration of IoT water temperature sensors and real-time performance tracking further enhances precision farming. AquaRech not only supports sustainable fish farming practices but also aims to transition smallholder farmers into commercially profitable ventures. With over 6,000 farmers on its platform and a goal to scale to 10,000 by next year, the company is set to make a significant impact on the aquaculture industry in Kenya and expand its reach to East Africa, including Uganda, Tanzania, and Rwanda.
Having raised nearly $3 million in funding through seed rounds, grants, and debt financing, AquaRech is poised for rapid growth. The company’s ambitious Series A funding round, targeting $8 to $10 million, will focus on scaling credit financing, enhancing production systems, and increasing market access for farmers. By addressing overfishing, declining fish stocks, and Africa’s growing protein demand, AquaRech positions itself as a key player in the sustainable transformation of aquaculture in sub-Saharan Africa. Through its digital solutions and strategic partnerships with organizations like Equity Bank, AquaRech is ensuring that fish farming is not just viable but profitable for thousands of smallholder farmers.
