Market News Page No. 416| Africa Business News | Afrotrade

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McKinsey urges construction industry in Africa to strengthen

Construction industry in South Africa should strengthen and emerge as a major player in Sub-Saharan Africa, an expert from research firm McKinsey Global Institute has said. Christine Wu a partner in McKinsey’s Johannesburg office observes that construction industry in South Africa only accounts for 7% of market share in Sub Saharan Africa. Speaking to the media in South Africa, Wu said that unless South Africa.... Read more »

Posted on : Friday , 20th November 2015

South Africa: U.S. Solar Firm Launches Wares for Local Market

Cape Town — World Panel, the United States solar energy firm, has announced a partnership with Vodacom as a key retail partner to sell some of the former's products in South Africa. The partnership has been signed in Cape Town at the ongoing AfricaCom. World Panel Chief Executive Officer, John Anderson, said the deal followed "his first visit to Africa with a solar prototype for household purposes when he was.... Read more »

Posted on : Thursday , 19th November 2015

Kenya: Cheap Renewable Energy Will Drive Kenya's Economy

The Kenya International Investment Conference is set to take place in Nairobi on November 23-25, showcasing investment opportunities. The country is already attracting a multitude of global investors and over the past 12 months, we have seen a rise in interest in the agribusiness, ICT, apparel and textiles, leather, renewable energy, property, tourism and logistics sectors. To further build on this interest, KIICO 2015 will.... Read more »

Posted on : Thursday , 19th November 2015

Zambia: K200 Million for Renewable Energy

Swedish Ambassador to Zambia Henrik Cederin has revealed that his country will invest up to K200 million towards implementation of renewable energy in Zambia. Mr Cederin said Sweden would invest in renewable sources of energy in a bid to mitigate the ongoing energy crisis not only in Zambia but the COMESA region as a whole. He was speaking in Lusaka yesterday when he presented his credentials to COMESA secretary general Sindiso.... Read more »

Posted on : Thursday , 19th November 2015

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

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