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

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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

Construction of more rooms in Ramada Encore Hotel in Tanzania to begin

US$ 20m has been set aside for the servicing of Ramada Encore Hotel in Tanzania under Ramada Worldwide, Managing Director Abdul Ismail has announced. Mr Ismail said the decision to service the Ramada Encore Hotel in Tanzania was informed by the need to increase hotel rooms in Dar es Salaam which is Tanzania’s capital. “We saw the need and decided to venture into the area, we want to play a role in alleviating a shortage.... Read more »

Posted on : Wednesday , 18th November 2015

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

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