N e w s

Mega Fertilizer Plant to come up in Africa

 HOMAG International Merchant is set to construct a mega fertilizer plant in Nigeria worth $1.2 billion in Kogi State.   The firm representative Adedayo Adeogi said that they will work hand in hand with the Kogi government to ensure that the project get completed on time. He said this while leading a delegation from Kogo state.   Adeogi added that the mega project will be executed on the basis of Build Operate Transfer so that.... Read more »

Posted on : Saturday , 17th October 2015

US firm now eyes construction market in Kenya

 The construction market in Kenya is set for  cutthroat competition after X-Calibur Construction Chemistry Inc., a US-based construction products manufacturer said that it was constructing a concrete and cement additive manufacturing plant in Kenya aiming to tap on the wider  East African region.   The firm said that it would open a manufacturing plant in Nairobi late next year in a move to ease distribution of its products.... Read more »

Posted on : Saturday , 17th October 2015

UK to Support Africa's Developmental Programmes With N65 Billion

 The British government has pledged to support Nigeria's effort towards ensuring stability and development with a commitment worth N65 billion.   The country's minister for Africa, Grant Shapps, said on arrival in Abuja on his maiden visit to Nigeria that the two countries would work together to increase the nation's prosperity in the areas of trade and security.   He said the UK government would provide a comprehensive.... Read more »

Posted on : Friday , 16th October 2015

Schneider Electric commissions off-grid solar energy solutions for six African states

 Schneider Electric, along with Green Village Electricity Projects Limited, Arnergy Solar Limited and the Bank of Industry Nigeria Limited, has commissioned low-cost off-grid solar energy solutions for rural communities in Nigeria  solar sputnikengineeringag wikimediaThe off-grid system will attempt to reduce the carbon footprint in the six Nigerian states, in addition to providing power.  Schneider Electric country president.... Read more »

Posted on : Friday , 16th October 2015

New nuclear power plant takes shape in Africa

 The long awaited plans for the  construction of Dabaa Nuclear power plant in Egypt has finally taken shape as officials from Egypt and Russia got into final talks on the way forward.   According to reports from the Egyptian Authority the Russia state-owned Rosatom has reached final stages of negotiating the construction of Egypt’s Dabaa nuclear power plant contract.   According to a statement from Rosatom.... Read more »

Posted on : Friday , 16th October 2015

Newly constructed Weetabix East Africa plant in Kenya opened

The Newly constructed Weetabix East Africa plant in Kenya has been opened in the capital Nairobi. The move is aimed at increasing production capacity as well as enhancing efficiency. The new plant which cost US$ 2.5m has the potential of generating up to 60 per cent of the company’s produce. Managing director Mr. Ahsan Manji launched the new plant while marking the company’s 40th anniversary in Kenya. “The recently.... Read more »

Posted on : Friday , 16th October 2015

Newly constructed Mombasa port terminal to start operation in mid 2016

Multi-donor agency Trade Mark East Africa (TMEA), has hinted that the newly constructed Mombasa port terminal which cost US$ 30.9bn will be  operational in June, 2016. Dr. Chris Kiptoo, the TradeMark East Africa (TMEA) Kenya director said that the agency will hand over the facility to the Kenya Ports Authority (KPA) by mid next year. The terminal which has a capability of increasing container space by 450,000 twenty-foot equivalent.... Read more »

Posted on : Friday , 16th October 2015

Nigeria's Crude Oil Production Increases By 34,000 Barrels Per Day

Nigeria's crude oil production has increased by 34,000 barrels per day (bpd) from the 1.865 million bpd in the month of August to 1.9 mbpd in September, according to the latest report of the Organisation of Petroleum Exporting Countries (OPEC). According to OPEC in the report released on Monday, total crude oil production from member countries increased by 0.11 mbpd to average 31.57 mbd in September. Besides, the International Energy.... Read more »

Posted on : Friday , 16th October 2015

Ethiopia, Austria to Strengthen Trade and Investment Relations

International Affairs Director General with Austrian Foreign Affairs Ministry Alexander Marschik said that Austria wants to strengthen bilateral relations with Ethiopia especially in the area of trade, investment and security.   The Director General so stated during talks with Ethiopia Foreign Affairs State Minister Ambassador Berhane Gebre-Kristos here yesterday.   Alexander Marschik said that he has discussed with the State.... Read more »

Posted on : Friday , 16th October 2015

Cuando Cubango - Mining Project in Advanced Stage

Luanda — The Cuito and Cuchi Mining Project in southeastern Cuando Cubango province is in very advanced stageand with a good dynamics.   This was said Wednesday in Luanda by the minister of Geology and Mining , Francisco Queiroz.   The minister was speaking to journalists after attending the ordinary Joint Economy and Real Economy Commissions of the Cabinet Council, chaired by the head of State, Jose Eduardo dos.... Read more »

Posted on : Friday , 16th October 2015

Blanket Mine Gold Output Up 5 Percent

Caledonia Mining Corporation says Blanket Mine delivered 10 927 ounces of gold in the third quarter to September 30, a 5 percent increase from the previous quarter.   Third quarter production was also 10,5 percent higher than the same period last year in which 9 890 ounces were produced.   In an update, Caledonia said Blanket mine remained on track to achieve target production for 2015 of 42 000 ounces.   Commenting on the.... Read more »

Posted on : Friday , 16th October 2015

Djiboutis New Deal With This East African Nation Will Expand The Capacity Of Its Port

Ethiopia and Djibouti have signed a deal worth $1.55 billion for the construction of a 550km refined petroleum products pipeline linking the two countries. The 20-inch pipeline which will transport diesel, petrol and jet fuel from Damerjog port in Djibouti to Awash terminal in central Ethiopia has been contracted to Black Rhino Group and Mining Oil & Gas Services (MOGS). Construction work is scheduled for completion in 2018. The pipeline.... Read more »

Posted on : Friday , 16th October 2015



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