Market News Page No. 369| Africa Business News

African Manufacturers to generate 13,223.67MW of power

About 13,223.67MW of power will be generated by the Nigerian manufacturers. This is according to Deutsche Zusammenarbeit (GZ) and the Nigerian Energy Support Programme. According to the survey report titled Survey of Power Demand and Energy Consumption in the Industrial Sector in Nigeria, manufacturers alone have the capacity to produce such enormous MW electricity. The report had been presented in Lagos and funded by the European.... Read more »

Posted on : Wednesday , 10th February 2016

US firm adds 29MW geothermal power to Kenya�s grid

A US firm Ormat Technologies has injected 29MW of geothermal power to Kenya’s grid within Olkaria III complex increasing its total capacity to 139MW. Ormat CEO, Isaac Angel confirmed the reports and said that it had reached the commercial operation phase of plant 4 with Kenya Power under a 20-year power purchase agreement which adds 29MW of geothermal power for Kenyans. “With the commissioning of plant.... Read more »

Posted on : Wednesday , 10th February 2016

China to Construct hydroelectric power stations in Africa

The Gezhouba Group Corporation (CGGC), a Chinese base company specializing in the construction of hydroelectric power stations plans to construct two hydroelectric power stations in Gabon. Besides constructing 3 Gorges Dam in China, the power company is renowned corporation for constructing the largest hydroelectric dam in the world in terms of production capacity The Chinese firm delegation have already met up with.... Read more »

Posted on : Monday , 8th February 2016

BIA and Cummins extend partnership in Africa

BIA, a Belgium-based company, is now the official distributor of a select range of Cummins’ products in Congo, DR Congo, Cameroon, Central African Republic, Chad, Togo, Benin, Burkina Faso and Côte d’Ivoire QSK95The Cummins QSK95 Series generator has a high-horsepower engine (from 3500 to 4375 kVA) This is especially noteworthy, considering the limited levels of industrialisation towards the western parts of.... Read more »

Posted on : Monday , 8th February 2016

Africa: AU in Plans to Set Up Free Trade Area

The African Union's Commissioner for Trade and Industry Fatima Acyl has called for structural transformation to create jobs that will improve the wellbeing of the African people. Ms Acyl, who was speaking at a meeting in Addis last week, before the African Union summit, said the backbone of the AU's industrial transformation plan is the African Mining Vision, and the creation of a Continental Free Trade Area. The mining.... Read more »

Posted on : Friday , 5th February 2016

Construction firms in Zimbabwe to trade with Tanzania

Construction firms in Zimbabwe should tap into the Tanzanian market to assist in boosting their economy, the export promotions body, ZimTrade has advised. ZimTrade further stated that the construction industry in Tanzania, since 2002 has recorded tremendous growth as a result of increased infrastructure development, government support and significant diplomatic and commercial partnerships with the Chinese government and private sector.... Read more »

Posted on : Friday , 5th February 2016

Africa sole continent likely to achieve double-digit economic growth by 2025

Africa is set to become the second fastest growing continent by 2025, with GDP set to touch US$4.5 trillion joburgdevelopment paulsaad flickrRapid urbanisation could lead to several Africans living and working in large cities. A Frost and Sullivan report, in the form of a video titled Mega Trends in Africa, states that urbanisation, mobility, infrastructure, natural resources, telecom and inter-regional trade could make Africa the.... Read more »

Posted on : Friday , 5th February 2016

East Africa Near to Exporting Power

East Africa wants to become a leading electricity exporter in Africa after reaching initial agreements with several neighbouring countries writes JOHN SAMBO. Gosaye Mengistie Abayneh, the CEO of Ethiopian Electric Utility (EEU) said recently, "Our vision is to interconnect the entire network in the African continent and beyond. "This is a very good opportunity for us. There is a very good know-how these days and a.... Read more »

Posted on : Thursday , 4th February 2016

Africa: 100 Solar Milling Plants to Be Operational Soon

The Zambia Cooperative Federation (ZCF) has announced that the 100 solar milling plants under the Presidential Initiative will be operational by February 15 this year. ZCF director general James Chirwa said in an interview that all the solar mills arrived in Zambia last month from China and the installation is currently ongoing in different parts of the country. The milling plants, which are being installed in each of the.... Read more »

Posted on : Thursday , 4th February 2016

Tanzania plans to install 10,000 biogas plants by 2017

Tanzania, along with the governments of Norway and the Netherlands, is planning to install 10,000 biogas plants by 2017 The biogas plants are environment-friendly and are expected to benefit a large number of rural communities in Tanzania. As part of the Tanzania Domestic Biogas Project (TDBP), aimed at benefiting rural communities in the country, these biogas plants will be designed, built and installed in various parts of.... Read more »

Posted on : Thursday , 4th February 2016

Phoenix Energy to construct mega solar power plant in Africa

One of the leading Lebanese energy companies Phoenix Energy is now set to construct one of the largest solar power plant in Egypt after clinching a contract for the same. According to the officials from the Lebanese firm, the project will be constructed near Luxor and Aswan region in the country. According to the officials, the project is expected to be one of the biggest in Egypt. Phoenix Energy will install over 200,000.... Read more »

Posted on : Wednesday , 3rd February 2016

Construction of major highway at Kenya�s Coast to begin

Kenya National Highways Authority (KeNHA) has confirmed that the construction of a major highway at Kenya’s Coast is set to begin later this year. The Garsen-Witu-Lamu road in Kenya is expected to boost business and economic growth in the area once complete. KeNHA made an official announcement stating that the paving of the road will begin following the advertisement of the tender in the daily newspapers. The successful.... Read more »

Posted on : Wednesday , 3rd February 2016