Market News Page No. 369| Africa Business News

Africa's first solar powered bus unveiled at Uganda

As a child, Ugandan Paul Isaac Musasizi always had busy hands. He regularly pulled apart the family television, and used motors from old cassette players to make toy cars. Now, in his mid-thirties, he's the CEO of technology company Kiira Motors Corporation and the brains behind Africa's first solar-powered electric bus which makes its debut on February 16. "In Uganda, we have non-stop sun," he says. "No other.... Read more »

Posted on : Thursday , 18th February 2016

Africa's first solar powered bus unveiled at Uganda

As a child, Ugandan Paul Isaac Musasizi always had busy hands. He regularly pulled apart the family television, and used motors from old cassette players to make toy cars. Now, in his mid-thirties, he's the CEO of technology company Kiira Motors Corporation and the brains behind Africa's first solar-powered electric bus which makes its debut on February 16. "In Uganda, we have non-stop sun," he says. "No other.... Read more »

Posted on : Thursday , 18th February 2016

East Africa's largest solar PV project to begin construction in Uganda

Access Energy Group and EREN RE, developers, owners and operators of power projects in emerging markets, on February 17th, 2016 announced that construction of the largest solar project in East Africa will begin next month. The 10 megawatt, USD19 million solar photovoltaic plant in Uganda is expected to be operational and connected to the national grid in July 2016, providing clean, low-carbon, sustainable electricity to 40,000 homes and.... Read more »

Posted on : Thursday , 18th February 2016

Kenya leads list of most infrastructure projects in East Africa in the last year

Kenya had the highest number of infrastructure deals in East Africa last year on the back of mega real estate projects and the standard gauge railway, says a report by financial consultancy Deloitte. The Africa Construction Trends report 2015 says that there were some 61 reported infrastructure projects in the region worth Sh5.9 trillion ($57.5 billion), an amount nearly equivalent to the size of Kenya’s gross domestic.... Read more »

Posted on : Thursday , 18th February 2016

Construction of major water treatment plant in Africa nears completion

The ongoing construction of Nsawam Water Treatment Plant in Ghana is expected to complete soon. Construction of the major components of the project, transmission and distribution pipelines have been completed. When completed, the project is expected to deliver, 1.6 million gallons of water per day to meet the commodity demand of the people of Nsawam and its surrounding areas. According to Water Resources Minister, Works.... Read more »

Posted on : Wednesday , 17th February 2016

One-stop border post in Kenya�s North to be completed by May

The ongoing construction of Nsawam Water Treatment Plant in Ghana is expected to complete soon. Construction of the major components of the project, transmission and distribution pipelines have been completed. When completed, the project is expected to deliver, 1.6 million gallons of water per day to meet the commodity demand of the people of Nsawam and its surrounding areas. According to Water Resources Minister, Works.... Read more »

Posted on : Wednesday , 17th February 2016

East Africa: Renaissance dam to be a souce of Energy once it meets the finish line

Ethiopia has announced that it will continue with the construction of the Renaissance Dam to its completion. The country’s minister of Water, Irrigation and Energy, Motuma Mekasa has told the media that there is no reason to halt the construction of the dam. Mekasa denied accusations that Ethiopia was derailing talks on the dam construction. He added that the delay on talks were due to differences that exist among the three.... Read more »

Posted on : Wednesday , 17th February 2016

Developers eye construction boons in Kenya

Developers are splashing billions to construct luxury apartments in Kenya in a bid to woo the ever expanding middle class who want such houses. In Nairobi’s leafy suburbs for instance, it is common to see several luxury apartment targeting the youthful buyers. The luxury apartments in Kenya are fast becoming a darling for the middle class especially the youth and are poised to change the skyline of the city’s.... Read more »

Posted on : Tuesday , 16th February 2016

Wind energy in Africa surges above1GW

A new report by Global Wind Energy Council (GWEC) shows a capacity increase in installed wind energy in South Africa to above 1 GW last year.Wind energy in South Africa This makes South Africa the largest producer of wind energy, followed by Morocco whose installed capacity stood at 787 MW in 201. Wind growth in South Africa has largely been inspired by Renewable Energy Independent Power Producer Procurement Programme, a.... Read more »

Posted on : Tuesday , 16th February 2016

Actis to finance the construction of warehouses in Africa

Actis, a property developer based in South Africa plans to invest $200 million in the construction of warehouses in Zambia. Actis has since identified and shown interest in Zambia and considers the country an attractive investment destination especially due to its demand for imported products. Company partner Louise Deppe said Zambia imported a lot of products from abroad and this created a demand for warehousing.... Read more »

Posted on : Tuesday , 16th February 2016

Road construction in African Nation Blantyre to begin

Construction of three roads in Malawian commercial capital Blantyre is set to kick off after the Blantyre City Council received $1.6 million dollars from government. The three roads set for upgrade are; Chilomoni Ring Road, Angelo Goveya to Manje and Living Waters to Zion in Chimwankhunda. Blantyre City Mayor, Noel Chalamanda presided over the ground breaking ceremony of the 2 kilometres Chimwankhunda Living waters.... Read more »

Posted on : Monday , 15th February 2016

Quantum Power to construct gas storage facility in Africa

Quantum Power and Ghana National Petroleum Corporation (GNPC) have signed an agreement for the construction and operation of the Liquefied Natural Gas storage facility in Ghana. The facility will be constructed at Tema. The Tema LNG project will receive, store, regasify and deliver, about 3.40 million tons of LNG per annum. The delivery will be equivalent to 500 million standard cubic feet of gas per day. The project will as well.... Read more »

Posted on : Monday , 15th February 2016