Market News Page No. 370| Africa Business News

Construction of hydroelectric power stations to begin in Gabon

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 the.... Read more »

Posted on : Tuesday , 1st March 2016

Teraco to Construct Africa's Largest Data Center

In a construction comprising 17 500sqm, Teraco, Africa’s only vendor neutral data centre, will be adding to its existing co-location facility and creating Africa’s largest data centre. Gys Geyser, Head of Operations at Teraco, says the building is not just an extension of services and white space, but a milestone for Teraco and the African data centre industry: “In this expansion of our footprint, we are achieving what.... Read more »

Posted on : Tuesday , 1st March 2016

First Solar powered Airport Opens in South Africa

The first solar powered airport in South Africa has officially been opened making it a first of its kind in Africa. Environmental Affairs Minister Edna Molewa congratulated the Department of Transport as it is one of the key departments paving way for South Africa’s Green Economy Strategy. Majority of the airport’s energy needs will be supplied through 200 square meters of photo-voltaic (PV) panels. PV.... Read more »

Posted on : Monday , 29th February 2016

Investing in Kenya key to East African Community Market - Envoy

Kenya has advised Zambian potential investors to take advatange of various investment opportunities in that country and gain access to the East African region. Kenyan High Commissioner to Zambia, Sophy Kombe said her country had many investment opportunities which made it a good choice for settlement. Ms Kombe said during the 15th anniversary celebrations of Davis and Shirtliff Limited in Lusaka at the weekend that investing in.... Read more »

Posted on : Monday , 29th February 2016

Egypt Opens talks with UAE, Saudi Arabia firms for Energy Deals

Egypt has opened talks with more than three energy companies based in UAE and Saudi Arabia aiming to counter the electricity crisis that the country now faces. Currently the country has signed various project that will see it produce up to 6,750 MW, reports have shown. According to reports the electricity talks valued at $7.5 billion, are at various stages of completion, and will finance the construction of three combined cycle.... Read more »

Posted on : Saturday , 27th February 2016

Largest Water Project to be Constructed by Kenya in Semi Arid Land

Kenya is constructing the largest water project in semi arid area that will supply water and electricity to millions of residents, Water Cabinet Secretary Eugene Wamalwa has announced. Thwake Dam at the confluence of Thwake and Athi Rivers will supply water to over one million residents of Machakos, Makueni and Kitui counties as well as generate 20 megawatts of electricity to power Konza Tech City in Makueni County. largest.... Read more »

Posted on : Saturday , 27th February 2016

Tanzania Discovers More Gas on Ruvu Basin

Tanzania has made yet another discovery of natural gas reserves totalling 2.17 trillion cubic feet (tcf) along Ruvu Basin in Coast Region. The discovery has been made at a block operated by Dodsal Hydrocarbons and Power Tanzania Limited owned and chaired by UAE-based billionaire, Dr Rejan Kilachand. It brings the sum of proven natural gas reserves to 57.27 tcf in both offshore and onshore wells. Officials of the company.... Read more »

Posted on : Friday , 26th February 2016

Oryx Builds LPG Liquefaction Plant in Tanzania

Oryx Energies has commissioned the first LPG Cylinder liquefaction plant in Tanzania, a move that would boost supply of gas in the country. According to the company's Country Director, Mr Nick McAleer, the plant represents an investment of 1.5bn/-and is part of the company's significant growth plans for bringing Oryx Gas to all parts of the country. "Previously we used to send cylinders to Kenya for.... Read more »

Posted on : Friday , 26th February 2016

Eni gets approval for floating LNG Plant in Mozambique

Italy's Eni said on Wednesday it has won approval from the Mozambique government to build its planned Coral floating liquefied natural gas plant. The company, which aims to sell all the LNG from the plant to British oil company BP, is expected to make a final investment decision this year but has now overcome one of the biggest hurdles. The pace of development of giant gas export schemes has slowed globally as liquefied.... Read more »

Posted on : Thursday , 25th February 2016

Development of Special Economic Zone at Mombasa to Boost Business

The Kenyan government's approval of the development of a Special Economic Zone (SEZ) in Dongo Kundu, Mombasa, expected to boost job creation and regional trade, has been welcomed by business people. The Dongo Kundu bypass, which is part of a three-phase plan to decongest the port city of Mombasa, is set for completion in 2018. Eng. Jean-Baptiste Gasangwa, the Private Sector Federation (PSF) resident representative in Mombasa,.... Read more »

Posted on : Thursday , 25th February 2016

Kenya Among Most Promising Merger Markets in Africa

Kenya is among the most attractive target countries for merger and acquisition activity in Africa according to a new report by a business risk consultancy. Control Risks also names South Africa and Nigeria as other top countries in the continent where investors want to put their money. The report was produced after a survey that involved interviews with 100 merger and acquisition practitioners operating in.... Read more »

Posted on : Thursday , 25th February 2016

Kenya Food Security Project to Get Additional Funding from Israel

The Israeli firm contracted by Kenya to undertake trials for the Galana-Kulalu food security project will have get funding in the next few weeks. Green Arava had been facing cash flow problems that had delayed the project which was due to be completed in March this year. The government is pushing the firm to deliver the 10,000 acre model farm by July ahead of Prime Minister Benjamin Netanyahu's visit and Cabinet Secretary.... Read more »

Posted on : Thursday , 25th February 2016