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

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Construction begins on largest gas power plant in sub-Saharan 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 will be.... Read more »

Posted on : Wednesday , 18th November 2015

EMESEK-1 EXPLORATION WELL IN KENYA�S NORTH TURKANA BASIN DISAPPOINTS

The Emesek-1 well which was also the North Turkana basin opener spud in mid-October drilled to a depth of 3000 meters did not encounter commercial hydrocarbons according to the joint venture partners in the Block Tullow Oil (operator), Africa Oil and Maersk Oil. “The Emesek-1 well was the first well to be drilled in the North Lokichar basin. While this wildcat well did not find commercial hydrocarbons, it provides valuable data as we.... Read more »

Posted on : Wednesday , 18th November 2015

AIRBORNE GRAVITY GRADIOMETRY SURVEY OVER LAKE TANGANYIKA NORTH BLOCK COMMENCES

The Tanzania Petroleum Development Corporation (TPDC) has said it has started acquiring a non-invasive Airborne Gravity Gradiometry Survey over wholly operated Lake Tanganyika North Block which cuts across five districts namely; Kigoma rural, Kigoma, Ujiji, Uvinza and Mpanda rural. The survey which started November 17th expected to take three months is to acquire high resolution gravity and magnetic data to map subsurface structural.... Read more »

Posted on : Wednesday , 18th November 2015

Construction At Avon Peaking Power Plant Resumes

Pretoria — KwaDukuza Municipality and Group Five have reached a power deal that will see construction activities resume at Avon Peaking power plant outside Shakaskraal, in KwaZulu-Natal's north coast. This follows the dismissal of about 1 500 construction workers after going on an unprotected strike, which halted construction activities for the past six weeks. KwaDukuza Mayor Ricardo Mthembu and Group Five Executive.... Read more »

Posted on : Wednesday , 18th November 2015

Ethiopia: PM to Inaugurate the New 2 Bln Birr Dashen Brewery

Prime Minister Hailemariam Dessalegn is scheduled to inaugurate Dashen Brewery Share Company's second beer plant tomorrow in Debre Birhan town, 120km northeast of Addis Ababa, producing the same quality of beer as Dashen's first plant in Gonder. The new plant was constructed at a total cost of two billion birr. "The new plant will triple the current production capacity of the brewery," Devlin Hainsworth, CEO of.... Read more »

Posted on : Wednesday , 18th November 2015

Tanzania: New Locomotives for TAZARA

Dar es Salaam — The Tanzania-Zambia Railway Authority (TAZARA) has received four new diesel-electric mainline locomotives and 18 passenger coaches valued at $22.4 million. "We remain eternally grateful to the government and the people of China for their constant and positive association with TAZARA, which they helped build some forty years ago and have continued to prop up unreservedly throughout the years," Eng. Ronald.... Read more »

Posted on : Wednesday , 18th November 2015

Ethiopia: Industry to Open 27 Automotive Industrial Zones

The Bishoftu Automotive Industry announced that it is planning to build new 27 automotive engineering zones throughout the country in the coming years. Bishoftu Automotive Industry General Manager Gebremedhin Zeselassie said that apart from its ongoing activities, the industry is planning to open 27 automotive engineering zones that will be assembling and manufacturing motorcycles, bicycle, light and heavy trucks and other vehicles in.... Read more »

Posted on : Wednesday , 18th November 2015

Arki Mineral Water Bottling Factory Inaugurated

The Arki Mineral Water Bottling Factory constructed at a cost of 40 million Birr was inaugurated last Saturday. It has created permanent job opportunities for 110 citizens. Speaking at the inauguration ceremony, Industry State Minister Dr. Alemu Sime said that the industry and service sectors make significant contribution to the country's economic development.Although the country's development has shown commendable achievements,.... Read more »

Posted on : Wednesday , 18th November 2015

Ethiopia: Local Company Wins 800 Million Br Bid to Supply Re-Enforcement Bars

Local steel company, Steely R.M.I., is supplying 44,075mt of reinforced steel bars worth 804.9 million Br to the government and signed a contract to this effect with the Public Procurement & Property Disposal Service (PPPDS) on November 9, 2015. The government will pay this company 91 million Br more for the supply than if it had accepted the lowest offer. Steely's price of 18,262 Br per tonne was actually higher by a wide margin.... Read more »

Posted on : Wednesday , 18th November 2015

Largest Gas Engine Power Plant in Sub-Saharan Africa to Be Built in Ghana

Cummins Cogeneration Limited (CCL) and WUTA Energy have finally sealed a deal to commence the development of a 140MW gas-fired power plant in the Western region of the country. The plant which will be based in Beyin, in Jomoro district forms part of the first phase of a 300MW Power Purchase Agreement to supply energy to the Ghanaian Grid. Mr. Deepak Khilnani, Chairman of Cummins Cogeneration Limited (CCL), in a remark at signing of the.... Read more »

Posted on : Tuesday , 17th November 2015

Kenya: Nakuru, China Agricultural Deal to Improve Rice Yield

Nakuru County has signed an agricultural development agreement with a county in China that will foster knowledge on rice farming on arid areas. The Sister- City agreement with Ningxia Hui County will provide Nakuru County with the expertise on how to increase rice yields, by farming on both dry land and wetlands. Unlike Kenya, where rice is only grown in wetlands, China produces the crop on dry land. The agreement was.... Read more »

Posted on : Tuesday , 17th November 2015

Nawakwi Launches Poultry Grants Project

FDD President Edith Nawakwi has launched a Poultry Start-Up Grants project where she will donate over ten thousand (10000) chicks plus feed to twenty (20) organizations looking after orphans and vulnerable children in Northern Province. And speaking when she made her first donation of 1000 chicks plus feed to Chetekela Day Care for Orphans and vulnerable Children in Kasama run by Catholic Sisters, Ms. Nawakwi said the donations were a.... Read more »

Posted on : Tuesday , 17th November 2015

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