Market News Page No. 458| Africa Business News | Afrotrade

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Uganda President meets Total executives over Crude oil pipeline construction

Uganda President Yoweri Museveni has held a meeting with Total’s Exploration and Production Africa Division Vice President Jabier Rielo over the development of a crude oil pipeline ahead of production in 2018. The meeting was also attended by the Minister for Energy and Mineral development Eng. Irene Muloni and the Permanent Secretary Ministry of Energy Mr. Kabagambe Kalisa. Uganda is planning to a construct an oil.... Read more »

Posted on : Thursday , 30th July 2015

AFRICA OIL TO COMMENCE DRILLING BLOCK 12A BASIN OPENER IN OCTOBER

Block 12A joint venture partners Tullow Oil and Africa Oil have announced they will spud the Cheptuket exploration well in October to test a basin bounding structural closure in the Kerio Valley Basin in a similar structural setting to the successful Ngamia and Amosing discoveries. The Cheptuket well formerly refered to as Lekep-A is located in Elgeyo Marakwet county in Kenya’s Rift Valley where the oil firms had already.... Read more »

Posted on : Thursday , 30th July 2015

KENYA, UGANDA TO COMMENCE OIL PRODUCTION IN MID 2020 � TULLOW OIL

Kenya and Uganda could start producing oil three and a half years after project sanction expected by the end of 2016 according to the latest half year results by the company. According to the report the company expects to have drilled 200 to 300 wells in phases in Kenya almost of those to be drilled in neighboring Uganda where the company targets 500 wells. Currently the development initially targets the South Lokichar.... Read more »

Posted on : Thursday , 30th July 2015

Africa's new Industrial Park construction begins

Africa has begun the construction of a US$ 246m park dubbed Hawassa Industrial Park; this was confirmed after the signing of an agreement between Ethiopia and China Civil Engineering Corporation(CCECC). The mega development is projected to be complete in the next 9 months with the MH Engineers as consultants focusing on the garment manufacture and agro-industry. Construction of the Hawassa Industrial Park, which began following.... Read more »

Posted on : Thursday , 30th July 2015

African trade agreement will provide economic boost for continent

The 19th-century British colonialist Cecil Rhodes' dream of unifying Africa from "Cape to Cairo" was not so far-fetched after all. Tinged with a dash of déjà vu, this dream was fulfilled yesterday with the launch of the Tripartite Free Trade Area Agreement (TFTA) in Sharm el Sheikh when 26 African heads of state endorsed an economic integration plan for the continent on an unprecedented scale. The.... Read more »

Posted on : Thursday , 30th July 2015

Chinese firm to build Djibouti�s wind power plant inn East Africa

Djibouti’s ministry of energy has signed an MoU with Shanghai Electric for the construction of a 60MW wind power project in the eastern African country The Chinese mechanical and electrical equipment manufacturer will construct the project in two parts of 30MW each and the project will also include the construction of two 230 kV power lines in northern Djibouti. According to the ministry of energy, Djibouti has significant.... Read more »

Posted on : Wednesday , 29th July 2015

GE to supply equipment for 100MW wind farm in Kenya

GE Africa announced that it is partnering with Kipeto Energy Limited to build a new 100MW wind farm in Kenya’s Kajiado County GE will be the sole supplier of equipment for the 100MW project located about 50 km from Nairobi. The Kipeto project, announced during US President Barack Obama’s visit to Kenya, is expected to make a significant contribution to the installed energy capacity in the country where up to 80 per.... Read more »

Posted on : Wednesday , 29th July 2015

Tanzania to Start Tests On 542km Long New Mtwara-Dar Gas Pipeline

The Tanzania Petroleum Development Corporation (TPDC) will on July 29 start trial tests on a new 542-kilometre long pipeline from Mtwara to Dar es Salaam for between 40 and 60 days. The pipeline is expected to deliver higher volumes of natural gas for power generation and other applications. Exploration firms have discovered about 55.1 trillion cubic feet of natural gas in offshore and onshore southern.... Read more »

Posted on : Wednesday , 29th July 2015

Kenya, U.S. Sign Key Transport Deal

Kenya and the US have signed a deal that would lead to the development of strategic infrastructure projects. The memorandum of understanding covers projects related to the Lamu Port South Sudan- Ethiopia Transport (Lapsset) corridor. During the signing ceremony on Friday, Cabinet Secretary for Foreign Affairs and International Trade Amina Mohamed said the deal would include "the development of a transport corridor.... Read more »

Posted on : Wednesday , 29th July 2015

Avic International Kenya to construct $200mn office complex

Chinese partnership with Kenya has energized a Chinese based global manufacture AVIC International Holding Corporation which is set to construct a $200mn office complex in Nairobi Kenya which is expected to be its African Headquarters. The offices suites that will be located in Westlands in Nairobi got a major boost after the city council of Nairobi gave Avic International Kenya a go ahead to bring up the building in the.... Read more »

Posted on : Wednesday , 29th July 2015

SkyPower signs a US$ 2.2bn deal for development of solar power in Kenya

An American company, SkyPower which is one of the largest developers and operators of utility-scale solar photovoltaic (PV) energy projects has signed a US$ 2.2bn deal with the Kenyan Ministry of Energy that will see the development of solar power in Kenya. The agreement with SkyPower was signed during the sixth Global Entrepreneurship Summit that ended on 26th July, 2015 at Gigiri, Nairobi. Kerry Adler, the SkyPower.... Read more »

Posted on : Tuesday , 28th July 2015

APR Energy expands power generation in Africa

Power solutions firm APR Energy has expanded its interim generation capacity for Societe Nationale d'Électricite du Senegal (Senelec), Senegal’s national electric utility The requirements include installation and operation of an additional 48MW of mobile diesel-powered generation, including assets being redeployed from Libya, to supplement an existing 20MW block of power at its Kounoune site. The contract term for the.... Read more »

Posted on : Tuesday , 28th July 2015

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