N e w s

Tanzania: Government Advised to Review Oil, Gas Search Pacts

Chief Executive Officer of Swala Oil and Gas Company, Dr David Mestres Ridge, advised the government to fast-track oil and gas exploration in the country. “The government should be sensitive to challenges faced by the exploration and production companies. “Although the oil and gas sector has had a steady growth over the years, the sector had already spent a fortune in the exploration and therefore, needs some consideration.... Read more »

Posted on : Saturday , 28th November 2015

Africa's Lafarge Readymix partners with Construction Kaiser Ltd

 Lafarge Ready Mix Nigeria Ltd. formalised its partnership with Construction Kaiser Limited at a signing ceremony that took place at The MoorHouse Hotel, Ikoyi, Lagos, Nigeria.   The agreement records a mutual understanding of partnership, in which LRMN will supply all of CKL’s Ready Mix Concrete needs, nationwide.   Engr. Igbuan Okaisabor, Vice Chairman of Construction Kaiser Limited stated that “with the signing.... Read more »

Posted on : Saturday , 28th November 2015

Crown Paints to construct a manufacturing plant in Kenya

 Crowns Paints Kenya Ltd is planning to construct a factory in the Western Kenya that will help reduce cost of transporting paint from its Nairobi plant.   The new plant which is also expected to help increase the output of the company will cost US$ 4m for it to be complete.   Chief Executive of Crown Paints Rakesh Rao confirmed the reports and said that the new plant will foster growth and better service in that region since.... Read more »

Posted on : Saturday , 28th November 2015

East Africa secures US$31mn fund to expand electricity grid

 Seychelles has secured US$31mn in funding from Arab Bank for Economic Development in Africa (BADEA) and the Saudi Fund for Development to improve electricity network in the island nation seychelles grid saraj flickrThe 33kV transmission and distribution network will start at the Roche Caiman power station.  The joint loan will be utilised by country’s Public Utilities Corporation (PUC) to build a 33kV transmission and.... Read more »

Posted on : Friday , 27th November 2015

Africa's renewable energy sector holds investment potential worth US$13bn

 Egypt’s renewable energy sector has a potential opportunity of around US$13bn for private sector financing over the next five years, according to industry reports renewable egypt tomas74 pixabayThere are more than 4,000MW in renewable energy projects currently under development in Egypt, split between wind and solar.  As the North African country’s installed power capacity is set to nearly double from 31 GW in 2013 to 60.... Read more »

Posted on : Friday , 27th November 2015

African nation gets US$15mn credit from World Bank for mining sector

 African nation Togo has received a US$15mn World Bank IDA credit amount to strengthen its mining sector mining tama66 pixabayTogo's mining sector is crucial to the growth of the country's economy.  The five Togo Mining Governance and Development project is valid from 2016 to 2020 and will streamline the mining sector to increase its efficiency and accountability. The project will target key strategic challenges to the sustainable.... Read more »

Posted on : Friday , 27th November 2015

1.6 Billion Tons of Oil Reserves in Sudan

Khartoum – Ahmed Jibril Al-Amin, Lecturer at the University of Bahri, has said that Sudan holds oil reserves of 1.6 billion tons, with gas reserves of 6.5 billion cubic feet. In his paper, (Carbohydrates resources in Sudan) at the UNCTAD conference on oil, gas and mining held currently in Khartoum, Al-Amin reviewed the primary components of basins producing oil and gas in Sudan. The Secretary General of the United Nations Conference.... Read more »

Posted on : Thursday , 26th November 2015

Sameer Africa to construct a stadium in Kenya

Sameer Africa Group is planning to construct a 26,000-seater stadium in Kenya that will encourage the development of sports in that region. The stadium will be constructed in Nandi County. Sameer Africa which is owned by Naushad Merali signed a Memorandum of Understanding (MOU) with Nandi County Governor Cleopas Langat on the construction of the stadium and the investment firm pledged to add more money to the infrastructural development of.... Read more »

Posted on : Thursday , 26th November 2015

World Bank calls for diversification on infrastructure funding in East Africa

 The World Bank is now calling for diversification on infrastructure funding in Ethiopia in a bid to finance its  infrastructure projects to avoid heavy reliance on the state.   In recent years the country has been carrying much of the burden of raising finance for infrastructure development while at the same time demanding that banks invest the equivalent of 27% of the loan portfolio in low-yield state development bonds,.... Read more »

Posted on : Thursday , 26th November 2015

Bloomberg survey ranks Kenya sixth in green power generation

Kenya is now among top ten nations in regards to  green power generation, a report released by Bloomberg New Energy Finance shows. The 2015 Climatescope Index ranks Kenya sixth out of 55 countries that are investing in wind, solar geothermal and other renewable power generation worth US$126bn of investments. Energy Regulatory Commission (ERC) also gave out a report that revealed that geothermal power consumption in Kenya went high and.... Read more »

Posted on : Thursday , 26th November 2015

Bloomberg survey ranks Kenya sixth in green power generation

 Kenya is now among top ten nations in regards to  green power generation, a report released by Bloomberg New Energy Finance shows.   The 2015 Climatescope Index ranks Kenya sixth out of 55 countries that are investing in wind, solar geothermal and other renewable power generation worth US$126bn of investments.   Energy Regulatory Commission (ERC) also gave out a report that revealed that geothermal power consumption in.... Read more »

Posted on : Thursday , 26th November 2015

Nedbank and DBSA partner to construct green houses in Africa

 Nedbank Corporate and Investment Banking (NCIB) and the Development Bank of Southern Africa‘s Green Fund (DBSA) has partnered to construct 400 green houses in South Africa.   The construction of green houses in South Africa will combine social and environmental sustainability to promote access to better quality housing units with lower running costs.   The agreement also includes the monitoring of energy and water.... Read more »

Posted on : Thursday , 26th November 2015



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