Market News Page No. 116| Africa Business News

Successful Conclusion to the First Paka Well in Baringo County, Kenya

Kenya’s Geothermal Development Company (GDC) has disclosed that drilling of the Paka Well in Baringo County, Kenya has been completed successfully. Drilled for the Baringo-Silali geothermal project, a total of six wells are to be the basis of geothermal development at Baringo-Silali. Kenya’s aim to increase its geothermal projects across the country seems to be on the right track after its first well out of the six wells meant to.... Read more »

Posted on : Wednesday , 2nd October 2019

Aminex Boost ups Tanzanian Drilling Programme

Aminex and ARA Petroleum LLC (ARA) two upstream oil and Gas Company have experienced upward movements in Tanzania with the government actively resolving several pending issues with other operator’s in-country. Such effective steps taken are a great sign for Aminex’s Ruvuma project and provide confidence to the company and ARA who are now prepared to further advance certain predrilling operations for the Chikumbi-1 well. The.... Read more »

Posted on : Tuesday , 1st October 2019

Blow Molded Plastic Packaging Market Is Expected To Grow At A CAGR Of 4-5 Percent By 2023

According to Beroe Inc, a procurement intelligence firm, innovation and technical advancements in the production process for blow molded plastic bottles will facilitate a consequent increase in the production of such bottles.At a global level, blow molded plastic packaging is most prominently used in the beverages industry, accounting for approximately 49 percent of the consumption, followed by cosmetics and personal care (16 percent) and.... Read more »

Posted on : Wednesday , 6th November 2019

Silafrica To Solidify Its Position As A Top-Tier Solutions Provider

Silafrica is said to be the first and only packaging solutions company to offer ICM across the entire African continent. Silafrica claims to solidify its position as a top-tier solutions provider with the addition of new, state of the art Injection Compression Molding (ICM) manufacturing capabilities. Silafrica is also said to be a trusted partner and valued supplier to some of the largest food and baverage brands like pepsi,.... Read more »

Posted on : Tuesday , 1st October 2019

ACWA: Record Bid Wins 250MW Scaling Solar Duo in Ethiopia

Saudi Arabian energy developer ACWA Power has bagged a 250MW duo of World Bank-backed solar projects in eastern Ethiopia. The firm was one of five companies that recognised proposals for the projects, after the Ethiopian finance ministry’s public-private partnership directorate general introduced a request for proposals in April. The projects are promoted under the Scaling Solar programme, run by the International Finance.... Read more »

Posted on : Tuesday , 1st October 2019

East & Southern African Power Grids will be Linked in Next 2 to 3 yrs

The power grids of East and Southern African countries will be linked in the next two to three years after concluding with various high voltage lines, making the way for regional trade, said senior Kenyan energy official. Power shortfall and disruption are frequent across both regions and businesses often complain that poor or irregular supplies discourage investors and push up prices of local products, as many firms end up relying on costly.... Read more »

Posted on : Friday , 27th September 2019

EXEDY MIDDLE EAST FZCO TO PARTICIPATE AT THE BIGGEST AUTOEXPO EVENT IN TANZANIA

EXEDY MIDDLE EAST FZCO spreading their roots in East Africa by participating at 22nd Autoexpo Event which will be held in Dar es Salaam at The Diamond Jubilee Expo Center in East Africa. The Companies Corporate policy is to cater the world class quality products with grass roots activities having set up in four regional sales & marketing bases (Dubai, Amman, Riyadh & Nairobi) EXEDY is a award winning power train manufacturer &.... Read more »

Posted on : Friday , 11th October 2019

Partnership Execute to Raise Fund for Renewables in Africa

A partnership of public and private investors got into an agreement to carry out the first round of equity funding for small and medium-sized (1-10 MW) clean energy plants, originally focusing on Africa. Titled Empower Invest, the fund will commit to the know-how and equity to carry out solar PV, small hydro and hybrid plants. It will uphold projects that are individually too small for traditional project financing. Once completed,.... Read more »

Posted on : Wednesday , 25th September 2019

African Oil & Gas Sector Holds Great Potential to Revive Economy

As African economies are experiencing a transformative period, the energy sector holds huge potential to revitalise African economies and empower the growth and development.NJ Ayuk derives how energy holds on the African dream. In a very straight forward approach, the executive chairman of the African Energy Chamber briefs on the fortunes and misfortunes in Africa’s petroleum industry and presents to us that Africa can learn from.... Read more »

Posted on : Monday , 23rd September 2019

Kenya begins construction of US $168m Western Bypass

Kenya National Highways Authority (KenHa) and the Ministry of transport has announced that construction of US $168m Western Bypass has begun with the project being the fourth and final ring of the Nairobi Ring Roads. The bypass project is set to kick off in Gitaru, Kiambu county connecting the Southern bypass in Kikuyu town and will terminate in Ruaka connecting the Northern bypass. It will will have a four lane expressway with a total length.... Read more »

Posted on : Monday , 21st October 2019

Kenya launches test run on Phase 2A of its SGR Line

The government of Kenya has launched a 15 day test run on its Standard Gauge Railway (SGR) phase 2A project, which is currently on its final stage of construction. This is inorder to establish a link between the capital Nairobi and the resort town of Naivasha in the rift valley region. The 120km modern railway line whose construction is overseen by the China Communications Construction Company (CCC), kicked off in October 2016. The line is part.... Read more »

Posted on : Monday , 21st October 2019

NIC Bank Have Inked A Deal with Toyotsu Auto Kenya Limited for Used Cars

One of the largest used Japanese cars dealers in Kenya to finance and facilitate Kenyans to purchase second-hand vehicles from Japan. The partnership will guarantee toyotsu customers up to 90% financing, 60 months repayment period and two months warranty for vehicles that meet the warranty criteria with an option to extend to one year at a small fee. Speaking at the signing ceremony of the financial deal, nic bank.... Read more »

Posted on : Tuesday , 17th September 2019