N e w s

Egypt eyes $1bn investments in renewable energy sector

Egypt is set to attract direct foreign investments of $1 billion in the renewable energy sector during the current year, Dr Sherif Oteifa, the Minister of Investment advisor, said Wednesday.   The advisor made these comment during Egypt Energy Investment Summit that take place between 16 and 18 February 2016 in Cairo.   He added that the total expected amount of the foreign investments during the current year in Egypt's energy.... Read more »

Posted on : Saturday , 20th February 2016

Funding for Egypt's energy sector by African Development Bank hits $1.2bn

African Development Bank (ADB) has allocated finances estimated at US$1.2 billion to enhance Egyptian energy sector, Khaled El-Askari -principal energy officer at ADB- told Amwal Al Ghad Thursday.   He stated that the bank is studying participating with US$100-200 million to finance establishing the power plant in Beheira governorate.   On Wednesday, the Egyptian Cabinet endorsed the draft of President Abdel Fattah al-Sisi's decree.... Read more »

Posted on : Saturday , 20th February 2016

$1.9 billion to be invested in fertilizer plant by Tanzania Petroleum Development Corporation

The Tanzania Petroleum Development Corporation has announced that it will invest in a fertilizer plant to be set Kilwa division Lindi district German investors Ferostaal Industrial Project GmbH at a cost of $1.9 billion.   TPDC says it is the government’s plan to support companies investments in the extractive sector with the plant expected to produce 3850 tonnes of fertilizer daily.   TPDC Wellington HudsonAccording to TPDC.... Read more »

Posted on : Friday , 19th February 2016

Projects in East Africa amounted to Sh5.8 trillion in 2015

East Africa had 20 percent of all projects in Africa accounting for $57.5 billion (Sh5.8 trillion) in 2015 according to a new report by Deloitte African Construction Trends.   The report indicates that Kenya had the highest number projects in the region with 20 projects followed by Ethiopia with 12 projects. Two thirds of projects are old status, with a third representing new and on-going projects.   Transport development features.... Read more »

Posted on : Friday , 19th February 2016

$2 Billion to be invested in Kenyan solar projects by SkyPower

SkyPower has signed a $2.2bn agreement with Kenya for the development of 1GW of world-class solar projects to be built in four phases over the next five years.   The agreement was signed in Nairobi, Kenya at the sixth annual Global Entrepreneurship Summit (GES). Initiated by the US government in 2010, the conference gathers entrepreneurs at all stages of business development, business leaders, mentors and high-level government officials.... Read more »

Posted on : Friday , 19th February 2016

Multi-million assembly plant to be constructed in Kenya by Ashok Leyland

Ashok Leyland which is the second largest commercial vehicle manufacturer in India and fourth largest manufacturer of buses in the world is planning to construct a US$ 5m assembly plant in Kenya that will help in the expansion of the commercial vehicle market.   The company’s Chief Financial Officer, Mr. Gopal Mahadevan confirmed the reports and said that they are aiming at constructing at least three assembly plants in Africa,.... 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

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



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