Market News Page No. 408| Africa Business News | Afrotrade

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Deepak Khilnani Announces Sub-Saharan Africa's Largest Gas Engine Power Project

London — Cummins Cogeneration Limited (CCL), headed up by Deepak Khilnani, and WUTA Energy are set to commence the development of a 140MW gas-fired power plant. Based in Beyin, the plant is the first phase of a 300MW Power Purchase Agreement to supply energy to the Ghanaian Grid, and once complete, it will be the largest gas engine power project in sub-Saharan Africa. After successfully operating 100MW of gas-based power projects.... Read more »

Posted on : Thursday , 19th November 2015

Intratrek Wins Another Power Tender

Golden Sibanda — Munyati Power Station will have its electricity generation capacity restored to 100 megawatts after Indian firm, Jaguar Overseas Limited (JOL) and its local partner were awarded the engineering procurement tender to refurbish the plant. Jaguar Overseas, backed by its local partner Intratrek Zimbabwe Limited, was awarded the rehabilitation tender at an EPC price of $113 million excluding taxes, as the efforts to solve.... Read more »

Posted on : Thursday , 19th November 2015

Chinese Investors to Build Livingstone Trade Centre in Africa

Consortium investors from Tianjin, Northern China have pledged to establish an international procurement centre in Livingstone to facilitate the buying and export of Zambian products to China and possible markets. A business delegation which is in Zambia to explore investment opportunities in the country have also pledged to invest more than US$20 million to establish manufacturing plants for various machines and products in.... Read more »

Posted on : Thursday , 19th November 2015

Huge Investment On Green Energy Attracts FDI in East Africa

Ethiopia is hugely investing in energy especially in renewable energy which enables the country to be the leading manufacturing hub and power exporter in Africa. Chairman of the Executive Board for 2016 World Energy Congress has said Ethiopia's drive towards building environment friendly energy is a pulling factor for more FDI. Board Chairman Assistant Professor Hassan Mura Mercan, who is also Turkish Deputy Minister of.... Read more »

Posted on : Thursday , 19th November 2015

Construction of nuclear power Plants in Africa to proceed

The government will continue with the construction of nuclear power plants in South Africa, Head of Nuclear Energy Corporation (Necsa), Phumzile Tshelane, has said. Tshelane indicated that they had the two options of coal and nuclear to increase their power supplies as other methods were not ad good given the climatic changes. South Africa had already signed nuclear agreements with Russia, China, France the US,.... Read more »

Posted on : Thursday , 19th November 2015

Tanzania: Black Rock Mining Plans Drilling at Newly Confirmed Graphite Zone

Black Rock Mining (ASX:BKT) has discovered extensive graphite mineralisation at its Bagamoyo project in Tanzania, with 40-55 kilometres of strike potential identified. The early-stage fieldwork mapped a 3.5-kilometre by 700-metre zone of graphite mineralised footprint within the project’s Central lode as well as additional graphite mineralisation identified over 7 kilometres of strike at the Wami lode. Rock chip samples have averaged.... Read more »

Posted on : Thursday , 19th November 2015

Kenya: Canadian Firm Simba Energy Seeks Sh214m for Oil Exploration in Mandera

Simba Energy, a Canadian oil and gas exploration firm, has announced plans to raise Sh214 million ($2.1 million) to fund exploration work in Mandera. In its latest update, Simba Energy says it will raise the money through a private placement share offer that will see it sell 42 million shares at Sh7.65 ($0.075) each. “The company is pleased to announce a financing by way of private placement that contemplates issuing up to 42 million.... Read more »

Posted on : Thursday , 19th November 2015

Construction begins on one of the largest gas power plant in Africa

Ghana has begun the construction of what it says will be the largest gas-fired power plant in sub-Saharan Africa to take advantage of the country’s rich reserves of natural gas. The gas power plant in Ghana, developed by Cummins Cogeneration Limited and WUTA Energy, will generate 300mw of power when completed. The first 140mw phase will be connected to the Ghanian Grid next year. The mega gas power plant in Ghana.... Read more »

Posted on : Thursday , 19th November 2015

France boosts energy efficiency in East Africa

The French Development Agency (AFD) under the SUNREF programme has pledged to help in boosting energy efficiency in Uganda, the country’s Commissioner for Energy James Banabe has said. AFD which seeks to finance green projects, has earmarked $13 million to fund companies looking to implement energy efficiency in Uganda by financing equipment and measures. He said that approximately 64% of the electricity.... Read more »

Posted on : Thursday , 19th November 2015

Kenyan farmers grow chives to meet growing export demand

Chives, a herb belonging to the onion family, has become the crop of choice for a group of farmers in Kenya’s Nakuru County More than 80 farmers from Bahati constituency of Nakuru County who used to earlier farm maize and beans have switched to growing chives. Forming a group together, and in a partnership with seed company Premier Seeds and Chase Bank, they have bought greenhouses on credit in which they grow.... Read more »

Posted on : Wednesday , 18th November 2015

Egyptian firm sets up US$11mn abbatoire in Uganda

Egypt-Uganda Food Security has invested US$11mn in an abattoir near Bombo town in Luwero district, central Uganda Located about 32 km north of Kampala, the Egyptian company’s new abattoir will process and package meat, mainly beef, for both local and export markets. The abattoir has the ability to slaughter 1,000 cattle daily and can hold up to 5,000 animals. The modern facility also has coolers, skinning equipment and a processing.... Read more »

Posted on : Wednesday , 18th November 2015

Dar keen to enhance trade competitiveness

TANZANIA is set to reform trade policies and strategies to cope with challenges in regional and global markets. The Permanent Secretary in the Ministry of Industry and Trade, Mr Uledi Mussa, said this in Dar es Salaam, during a workshop that brought together various stakeholders in development of trade. Mr Mussa said the government was now implementing the Trade Diagnostic Integration Study (DTDS) strategy that was formally approved in 2007..... Read more »

Posted on : Wednesday , 18th November 2015

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