Market News Page No. 365| Africa Business News | Afrotrade

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Rwanda: American Firm Installs Solar Power At the Kigali Genocide Memorial Centre

Centennial Generating Company, a Washington DC-based company that provides power systems for commercial and industrial customers has installed a solar power system at the Kigali Genocide Memorial Centre which will bring down power costs by 20 per cent. The memorial centre which heavily depends on financial handouts is grappling with high costs of power with management claiming they at times spend Rwf400,000 monthly on fuelling the.... Read more »

Posted on : Monday , 11th April 2016

Tanzanian Solar Firm Wins Prestigious Energy Prize

Arusha — An Arush based solar company Off Grid Electric (OGE) has won the prestigious Zayed Future Energy Prize for its work in bringing electricity to power-starved areas of Tanzania. The achievement has made Tanzania second African country to win global award. The United Arab Emirates (U.A.E.) ambassador to Tanzania Abdullah Ibrahim Ghanem Sultan Al-Suwaidi honoured OGE at a recent event for winning the prize in.... Read more »

Posted on : Saturday , 9th April 2016

Nigerian Govt, U.S. Firm Sign MOU for 500MW Power Plant

Asaba — Delta State Government on Thursday signed a Memorandum of Understanding (MoU) with an American company, Alpha Energy and Electric Inc., for the generation of 500 megawatts (MW) of electricity through public- private partnership. The MoU was signed on behalf of the state government by the Secretary to State Government (SSG), Mr. Festus Ovie Agas, witnessed by Governor Ifeanyi Okowa and some members of the state executive.... Read more »

Posted on : Saturday , 9th April 2016

Nigeria: Micro Reforms for African Agribusiness To Benefit From U.S.$700,000 AGRA Grant

Smallholder farmers in Nigeria are already benefiting from $700,000 grants from the Alliance for Green Revolution in Africa (AGRA) in a move seen as helping them to leverage on getting the right inputs like quality, certified and improved seeds as well as fertilizers. Last week, the Micro Reforms for African Agribusiness in Nigeria (MIRA) met with stakeholders under the aegis of the Nigeria Agribusiness Group in Lagos on how to.... Read more »

Posted on : Saturday , 9th April 2016

Nigeria: Govt to Start Work On 31 Major Roads Soon

Lagos — Vice President Yemi Osinbajo says the Federal Government will soon commence work on 31 major roads across the country in its drive to develop infrastructure and grow the economy. The vice president stressed the need for collaboration among states of the federation in order to stimulate the economy, just as he attributed the country's economic woes to over-dependence on oil. Osinbajo who spoke at the Economic.... Read more »

Posted on : Saturday , 9th April 2016

Tanzania: Centre for Industrialisation Awaits President's Approval

Dar es Salaam — The formation of a Public-Private Partnership (PPP) Centre is awaiting President John Magufuli's approval. The facility is expected to increase the pace of attracting investments for rapid industrialisation. A draft on the formation of the institution has been submitted to the President's Office (Public Service Management). The assistant director of investments in the Prime Minister's Office, Mr.... Read more »

Posted on : Saturday , 9th April 2016

Cote d'Ivoire: Dangote Constructs U.S.$200 Million Cement Plant

Lagos — Dangote Cement Plc is deepening its pan African expansion drive with the commencement of construction of a new 3-million metric ton per annum capacity cement grinding plant in Cote d'Ivoire. The new project is coming just as the company announced the ground breaking of a new 6-million metric ton per annum Greenfield cement plant in Okpella, Edo state and commencement of work on a 6-million mtpa capacity plant in Itori,.... Read more »

Posted on : Saturday , 9th April 2016

General Motors East Africa to Double Truck Output Based On Construction Boom

NAIROBI (Reuters) - A construction boom in Kenya has fuelled a rise in commercial truck sales for market leader General Motors, which is investing $7.9 million in 2016 to upgrade its assembly plant in Nairobi and more than double output, a senior executive said on Thursday. GM East Africa Managing Director Rita Kavashe said 20,000 new vehicles were sold in Kenya last year, the highest on record, and 98 percent of those were trucks.... Read more »

Posted on : Friday , 8th April 2016

SADC: First Phase of Regional Power Interconnector Project Nears Completion

The first phase of the 2 300 km regional power interconnector project that will link Zambia – Tanzania and Kenya (ZTK) power grids is expected to be completed by December this year in a development that is set to boost SADC power and the African Union’s thrust for continental integration. The Chinese development package is into 10 areas that include infrastructure projects, aid for drought-stricken countries and thousands of.... Read more »

Posted on : Friday , 8th April 2016

Tanzania Village Inaugurates 38bn/ - Solar Mini-Grid Project

THE residents of Bwisya village in Ukara Island, Mwanza region have a reason to smile following the inauguration of a 38.4bn/- solar-powered mini grid project. The project is implemented by Jumeme Rural Power Supply Ltd together with its international partners -- the European Union and Energy and Environment Partnership. According to a media statement issued yesterday in Dar es Salaam, project inauguration was attended by.... Read more »

Posted on : Friday , 8th April 2016

Nigeria: Solar Power to Help Double Shiroro Hydro Power Station Capacity

The Shiroro Hydro Power Station (SHPS) will soon double its operating capacity of 300mw through solar plant. Alhaji Dauda Abdulaziz, SHPS Chief Operating Officer, disclosed this on Thursday in Shiroro to a team from Infrastructure Concessions Regulatory Commission (ICRC), Nigeria Electricity Regulatory Commission (NERC) and Bureau for Public Enterprises (BPE). Abdulaziz said that the new solar plant would be digitally.... Read more »

Posted on : Friday , 8th April 2016

Nigeria: State Govt. to Commit N29.6 Billion On Power Supply, Agriculture

Kaduna — Kaduna State Government said it would commit over N29.6 billion on power supply, agriculture and rail transport. Gov. Nasiru El-Rufa'i who stated this on Wednesday in Kaduna at the opening of the Kaduna Economic and Investment Summit, said that part of the projects captured under the state's 2016 budget was the construction of a rail line for Kaduna metropolis which would gulp N10 billion. The governor said the.... Read more »

Posted on : Friday , 8th April 2016

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