N e w s

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

Massey Ferguson to launch new tractors for Africa & Middle East

Massey Ferguson is introducing a new range of 50hp to 85hp tractors for select African and Middle East agricultural markets The 50hp MF 345 two-wheel-drive (2WD), 75hp MF 375 (2WD) and 85hp MF 385 (2WD and 4WD) are set to be released early next year, while the longer wheelbase 50hp MF 350 (2WD), 60hp MF 355 (2WD) and 60hp MF 360 (2WD) will follow later in the year. A choice of six Massey Ferguson matched implements, covering cultivation,.... Read more »

Posted on : Wednesday , 25th November 2015

Merck Africa Luminary Aims to Raise Quality of Healthcare in Africa

Merck has kicked off its second Merck Africa Luminary Congress for the first time in Kenya, the congress aims to facilitate the discussion of the current state of health systems in Africa and the most urgent issues of their work. During the inauguration of this year’s Merck Africa Luminary, Karl Ludwig Kley, Chairman of Executive Board and CEO of Merck emphasized, “We are pleased to engage with Kenya Ministry of Health and.... Read more »

Posted on : Wednesday , 25th November 2015

Japan to invest in Construction of Mombasa’s port

 Work on the second phase of Mombasa port’s second container is scheduled to commence in early 2017 portmombasa pixabay huskyherzThe port of Mombasa is a key trade gateway to and fro East Africa.  Kenya Ports Authority managing director Gichiri Ndua said that the construction is likely to cost nearly US$213mn, and provide an additional capacity of 470,000 and 550,000 TEUs. Following this construction will be the development of.... Read more »

Posted on : Wednesday , 25th November 2015



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