Market News Page No. 415| Africa Business News | Afrotrade

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East Africa: Ethiopia, Djibouti Sign U.S.$1.11 Billion Deal to Construct Pipeline

Ethiopia and Djibouti have signed an agreement to construct a 550km refined petroleum products pipeline worth $1.55 billion linking the two countries. Black Rhino Group and Mining Oil & Gas Services (MOGS) have been contracted to build the 20-inch pipeline to transport petrol, diesel and jet fuel from Damerjog port in Djibouti to Awash terminal in central Ethiopia. Oil products are currently transported over 800 kilometres.... Read more »

Posted on : Tuesday , 13th October 2015

Kenya: Sh15bn plan to transform Embu town into a modern city launched to facilitate trade development

Embu town will be transformed into a modern city complete with two by-passes, a railway line, modern stadium and recreational parks, according to an integrated strategic development plan released yesterday. Once the plan is implemented, the city will boast of dual carriageways, ring roads, pavements on all roads, multi-storey parking spaces and dual carriageways. The plan was prepared by Intercontinental Consultants and Technocrats Ltd and.... Read more »

Posted on : Tuesday , 13th October 2015

Tanzania: Kibo Mining Reveals Optimised Financials for Mbeya Coal Project

Kibo Mining, the Tanzania focused mineral exploration and development company, has “significantly” improved financials for its Mbeya Coal-to-Power-Project (MCPP) coal mine component. The company and its advisers Minxcon Projects have now completed a financial optimisation study for the MCPP coal mine, based on feasibility results received to date. The impact of optimal gearing for the MCPP coal mine was tested on the surface.... Read more »

Posted on : Tuesday , 13th October 2015

UGANDA, TANZANIA AND TOTAL E&P UGANDA SIGN MOU ON CRUDE OIL EXPORT PIPELINE FRAMEWORK

Government of the Republic of Uganda, the Government of the United Republic of Tanzania, the Tanzanian Petroleum Development Corporation and Total E&P Uganda have a today signed a Memorandum of Understanding on the crude oil pipeline development principles. The MOU also provides for other participants to join in the process of assessing and developing this route option creating a working framework for the potential development of a crude.... Read more »

Posted on : Tuesday , 13th October 2015

Africa: Danvest introduces Power Box for optimal power usage

Energy solutions provider Danvest has introduced a Power Box solution, which can help optimise the power usage danvestpowerboxA hybrid plant in South Africa. The company’s Power Box is designed to function with either CAT or Cummins engines. Traditional gensets are modified to run on low-loads and operate in reverse mode, without consuming much diesel. Despite this fuel setting, the genset has the ability to respond to output.... Read more »

Posted on : Tuesday , 13th October 2015

TANZANIA TO GENERATE 2000MW ELECTRICITY FROM NATURAL GAS BY 2018

Tanzania hopes to generate 2000 megawatts from natural gas in the next three years as the country hopes to increase its power generation capacity to 10,000 megawatts by 2025. Already the country has launched a 532 kilometre from Mtwara through Songo Songo to Dar es Salaam pipeline last weekend will utilize gas from four onshore wells at the Kiliwani North Development license. The 24-36 inch pipeline which was financed by the Export Import.... Read more »

Posted on : Tuesday , 13th October 2015

East Africa: Inter-Country Oil Transportation pipeline construction deal worth U.S.$2b signed

Ethiopia and Djibouti pipeline construction deal worth U.S.$2b has been signed a move that is expected to boost oil transportation between the two countries. The contractors assigned for the mega project; Black Rhino Group and Mining Oil & Gas Services (MOGS) are supposed to raise at least US$ 1bn to finance the construction. The 550 km pipeline is expected to transport petrol, diesel and jet fuel from Damerjog port.... Read more »

Posted on : Tuesday , 13th October 2015

East Africa: Assembled Motor Vehicles Now Welcome in Dar, Tax Free

Regional auto assembly plants can now fully enter the Tanzanian market after the lapse of an East African Community October deadline for Dar to lift a 30 per cent excise duty on locally assembled vehicles. Previously, Tanzania had complained of some partner states breaching the rules of origin by allowing vehicle assembly firms to resell imports without any significant value addition. This led to the standoff that saw Dar tax these.... Read more »

Posted on : Monday , 12th October 2015

Angola: Bengo - Kissomeira Cooperative Harvests Over 50,000 Tons of Maize

Caxito — More than 50,000 tons of maize were harvested by the Kissomeira Cooperative in the municipality of Dande, northern Bengo province, during the 2014/2015 agricultural season. The information was released Thursday in Caxito, the capital of Bengo province, by the head of the local Department of the National Institute of Cereals, Laurindo José. Speaking to Angop, in Caxito, the official said that as compared to.... Read more »

Posted on : Monday , 12th October 2015

Tunisia World's Top Olive Oil Exporter

Tunis — Tunisia was the world's top olive oil exporter in the 2014/2015 campaign, overtaking Spain. Tunisian olive oil exports reached 299,300 tonnes this season, generating record revenues of 1,902 million Tunisian dinars (MTD), according to recent statistics (September 2015) of the Ministry of Industry, Mining and Energy..... Read more »

Posted on : Monday , 12th October 2015

Borno Spends N15 Billion On Agriculture - Commissioner

The Borno State government on Friday said it had invested over N15 billion in agriculture as part of efforts to revolutionise the sector in the state. The commissioner for agriculture in the state, Muhammad Dili, disclosed this in an interview in Maiduguri. Mr. Dili said the state governor, Kashim Shettima, had laid a foundation for smooth take off of all relevant state agricultural programmes. He said the state.... Read more »

Posted on : Monday , 12th October 2015

Salima Sugar Factory Ready

Construction of the Salima Sugar Factory will be completed at the end of this month, but there is no sugarcane to process as work in the cane growing area was halted some time ago due to what the Minister of Agriculture Dr Allan Chiyembekeza described as mismanagement of funds. Breaking the news in Salima on Thursday after touring the factory site, the minister said that the contractor assured him that the work would be completed by.... Read more »

Posted on : Monday , 12th October 2015

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