Market News Page No. 354| Africa Business News | Afrotrade

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IAEA to Support Nigeria Generate 4,000 Megawatts of Electricity

Abuja — President Muhammadu Buhari has appreciated the support of the International Atomic Energy Agency, IAEA, for Nigeria's quest to generate 4,000 megawatts of electricity using nuclear energy. This came as Ministers of Power, Solid Minerals, Health, Science and Technology told President Buhari that Nigeria would soon start a program that will help the country realize the objective. According to them, it will commerce.... Read more »

Posted on : Saturday , 19th March 2016

Nigeria: State Assembly Approves N1 Billion Loan for Commercial Farming

The Kano State House of Assembly has approved a request by the state governor, Abdullahi Ganduje, to obtain N1billion loan from the Central Bank of Nigeria to boost commercial farming in the state. During the house emergency plenary on Thursday, the speaker, Kabiru Rurum, presented a letter signed by Mr. Ganduje seeking the house's approval. Presenting the letter, Mr. Rurum said the request needed emergency approval of the.... Read more »

Posted on : Saturday , 19th March 2016

ABYSSINIA GROUP OF COMPANIES SIGNS UP AS THE GOLD SPONSOR FOR THE 19TH BUILDEXPO AFRICA 2016.

Abyssinia Group signs up as Gold Sponsor at East Africa’s largest Building & Construction Expo – BuildExpo Africa taking place from the 04th to 06th June 2016 at a brand new, larger and conveniently located venue – The Carnivore Dome. Abyssinia Group is the largest steel producers in East Africa and will be showcasing their products at the mega event. Operational in Kenya since 2003 and utilizing locally available.... Read more »

Posted on : Friday , 18th March 2016

KNAUF GYPSUM TANZANIA LTD. : THE PLATINUM SPONSOR FOR THE 19th BUILDEXPO TANZANIA 2016.

BuildExpo Africa 2016 East Africa’s largest Building & Construction Expo for the past 18th years takes pride in announcing its Platinum Sponsor KNAUF GYPSUM TANZANIA LTD, to be held from the 02nd-4th July 2016 at the Mlimani Conference Centre, Dar-Es Salaam, Tanzania KNAUF GYPSUM TANZANIA LTD Founded in 1932, by two brothers and mining engineers Alfons & Karl, Knauf is a multinational company with operations in more than.... Read more »

Posted on : Friday , 18th March 2016

Tanzania: First Gas Production from Kiliwani North Gas Project Expected in April

AMINEX plc and Solo Oil plc have told investors that first gas production from the Kiliwani North gas project, in Tanzania, is now expected in early April. Final well integrity testing has now been completed for the Kiliwani North-1 (KN-1) production well. The state's Tanzania Petroleum Development Corporation (TPDC) had previously advised Aminex to prepare the KN-1 well for production by mid-February. The change to the.... Read more »

Posted on : Friday , 18th March 2016

World Bank, Sierra Leone Sign US$40 Million Agreement for Project Linking Farmers to Agribusiness

Freetown — The Government of Sierra Leone and the World Bank today signed a US$40 million credit agreement to support smallholder commercialization and agribusiness development in Sierra Leone. The project is co-financed by the UK's Department for International Development (DFID) with an additional US$15 million making the total project funding of US$55 million. The project was approved by the World Bank Board of Executive.... Read more »

Posted on : Friday , 18th March 2016

Kenya: Investment Co. Plans Construction of 9,500-acre City in Kilifi County

NSE-listed investment company Centum has started preparations for the construction of an exclusive 9,500-acre city in Kilifi County, extending its entry into high-end real estate development. Centum, which is also behind the Two Rivers Mall, tipped to be Kenya's biggest on completion, is building the city on land it bought last year from Rea Vipingo Holdings, a plantation firm that sold part of its land as it de-listed from the Nairobi.... Read more »

Posted on : Friday , 18th March 2016

Additional 160GW to be Added to Continent's Power Grids with AfDB's New Deal

President of the African Development Bank, Dr. Akinwumi Adesina, says the new deal articulated by the bank on energy for Africa in 2015 will add 160 gigawatts, GW, of new electricity generation capacity to Africa's power grids by 2025. In September 2015, the Bank articulated a New Deal on Energy for Africa and launched a Transformative Partnership on Energy for Africa to light up and power the continent by 2025. Adesina, who.... Read more »

Posted on : Friday , 18th March 2016

Nigeria Targets Solid Minerals to Account for 10 Percent GDP

The Federal Government says its target is for the solid minerals sector to account for 10 per cent of the gross domestic product, GDP, in the nearest future. The minister of Solid Minerals Development, Kayode Fayemi, said this aspiration informed the present administration's efforts to reposition the solid minerals sector to diversify the country's economy and create jobs through the sector. The minister, who said that a lot of.... Read more »

Posted on : Friday , 18th March 2016

Zimbabwe to Amend Colonia Era Mining Law in Order to Attract New Investors

THE government said Monday that amending the country's mining law has become urgent to bring new changes that will go a long way in addressing the shortcomings of the outdated legislation. Mines minister Walter Chidhakwa told legislators that the Mines and Minerals Amendment Bill of 2015 was now in place and due to be tabled in parliament for debate. "The Amendment of the Mines and Minerals Act is now a necessity rather.... Read more »

Posted on : Friday , 18th March 2016

IMX Advances Tanzania Graphite Spin-Out, Listing Planned For May

ASX-listed IMX Resources on Wednesday unveiled plans to spin out its Chilalo graphite project, in Tanzania, through a transaction with its subsidiary Graphex Mining. IMX told shareholders that the company had entered a sale and purchase agreement with Graphex Mining for all of its graphite assets, including the Chilalo project. Under the terms of the sales agreement, IMX would receive a cash payment of A$1-million and.... Read more »

Posted on : Thursday , 17th March 2016

U.S.$2.5 Million Renewable Energy Project Launched by Icipe in Kenya

Nairobi — The International Centre of Insect Physiology and Ecology (icipe), has embarked on a project to create a sustainable energy supply which will lead to a reduction in the diesel fuel it uses. Funded by the Swiss Agency for Development and Cooperation (SDC), to the tune of US$ 2.5 million (Sh254M), the scheme is part of the Greening of icipe Initiative. In addition to renewable energy, the initiative includes.... Read more »

Posted on : Wednesday , 16th March 2016

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