Market News Page No. 166| Africa Business News

Zarara To Begin Lamu Offshore Drilling

NEMA has given a British oil and gas firm the green light to start Sh16.4 billion drilling for commercial gas on Pate Island, Lamu county. The National Environmental Management Authority (NEMA) has cleared Zarara Oil and Gas Ltd to start drilling one of two wells believed to contain huge natural gas deposit on the archipelago. Mr. Salim Ahmed Bashir - Lamu County Nema director of environment - confirmed that Zarara has.... Read more »

Posted on : Wednesday , 1st November 2017

Symbion to Co-Invest $100 million In Methane Gas Project in Rwanda

Symbion CEO, Paul Hinks has announced that they will collaborate with Highland Group Ltd to make an investment of $100 million to generate 106 megawatts of methane power on Lake Kivu in Rwanda. The lake has an estimated 55 billion cubic meters of naturally occurring methane gas. The power generation capacity of Lake Kivu has been conservatively estimated at approximately 500 MW over a period of 40 years. At.... Read more »

Posted on : Wednesday , 1st November 2017

New Cricket Stadium Launched in Rwanda

In a historic event for Rwanda’s cricket fraternity, the country’s very first international cricket stadium was launched. The brand new ‘Gahanga Cricket Stadium’ covers 4.5 hectares and was inaugurated by Paul Kagame, the President of Rwanda. The stadium was funded mainly by international cricket players keen to see the sport take flight in Rwanda. The cost of construction amounted to.... Read more »

Posted on : Wednesday , 1st November 2017

Vision 2030 Chief Looks to Improved Medical Tourism

Specialized hospitals in Kenya are expected to help raise funds through medical tourism. This particular activity has worked wonders in India and is expected to do the same for Kenya too. Julius Muia, the Vision 2030 Delivery Secretariat, Director-General said that a recently conducted a situational analysis across the nation revealed the presence of 5000 foreign citizens visiting Kenya on a yearly basis to make use of the medical.... Read more »

Posted on : Tuesday , 31st October 2017

BREAKTHROUGH DTG PRICE AGREEMENT FOR 90 LMIC COUNTRIES

The first low-price, single-pill antiretroviral treatment is likely to be made available in 90 LMIC (low and middle income) countries thanks to a breakthrough costing agreement for HIV drugs. The regime which contains DTG (dolutegravir) could become extensively available in LMIC countries for about a tenth of the current price – around US $75 per person per year. The deal came about due to collaborative efforts between.... Read more »

Posted on : Tuesday , 31st October 2017

Local and International Renewable Energy Producers Meet in Kigali

Domestic and international players are expected to meet in Kigali soon in an attempt to identify new opportunities in the renewable energy sector. The objective of the forum will be to act as a platform for networking and showcasing new technologies in the sector. The forum is set to venture into Rwanda and will bring to light new and exciting investment opportunities in the renewable energy sector. The forum will.... Read more »

Posted on : Tuesday , 31st October 2017

Kenya Power- Network Expansion To Cost Ksh 40B

Over the next three years, Kenya Power is targeting to increase its customers to 7.5 million, plans to commercialize its fiber optic cable to generate some of the cash to finance the power network expansion. The total installed capacity currently stands at 2333MW bolstered by intense geothermal generation while peak demand is 1,656MW. Demand for electricity for the year to June 30th grew 4.4%. Even though a bulk.... Read more »

Posted on : Monday , 30th October 2017

Safari Doctors Bringing Healthcare to Remote Kenya

The UNICEF has hailed Kenya as a “success” for their constant efforts to fight poverty and work towards a better economic environment. However, while they have succeeded in this sphere, they have failed elsewhere. For all the progress made across a variety of sectors of the Kenyan economy, the medical sphere still remains terribly understaffed with only 1 doctor and 12 nurses available every 10,000 people in the nation.... Read more »

Posted on : Monday , 30th October 2017

Company From China To Build Geothermal Plants in Kenya

Kenya has permitted the largest Chinese manufacturer of rock drilling equipment to build and explore geothermal power plants in the country. Kaishan Group secured the contract to drill steam wells in the Suswa south-Magadi-Shompole steam fields, in Narok County. The license that the company received gives it the leeway to sink exploration wells in the area for up to three years and subsequently proceeds to operate and.... Read more »

Posted on : Monday , 30th October 2017

Wood-Mizer exhibiting at Buildexpo Rwanda 2017

Wood-Mizer started trading in 1982 with the successful launch of the company’s first LT-type sawmill. The simple to use, portable and affordable sawmill was an immediate success. Sawmillers were now able to produce accurately sawn quality timber normally only associated with costlier mills.The availability of affordable sawmilling technology that could grow businesses that support families, develop economies, spark manufacturing,.... Read more »

Posted on : Monday , 30th October 2017

Drones Delivering Life Saving Medical Aid in Rwanda

San Francisco based company Zipline, have been making some remarkable progress with their projects in Africa. Zipline is a high tech drone start-up, manufacturer, logistic service provider and a public healthcare system consultant. Zipline has been delivering medical supplies to health clinics in Rwanda since October of 2016. The company has had to co-ordinate closely with governments and health ministries in Africa.... Read more »

Posted on : Friday , 27th October 2017

Kenya Close to Achieving Major Price Cuts in Power Supply

An auctioning program is set to cut power costs for Kenyan consumers. Power in Kenya is currently provided by PV firms and this news of price cuts will no doubt please the Kenyan population. The utility firm’s managing director, and CEO, Dr. Ken Tarus has predicted a decrease in the cost incurred by Kenya to purchase power from across foreign borders from Sh12 per kilowatt-hour to Sh6 per kilowatt-hour. The Kenyan.... Read more »

Posted on : Friday , 27th October 2017