Market News Page No. 424| Africa Business News | Afrotrade

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Nigeria: Shell, Others Begin Construction of Industrial Park

The Nigerian Content Development and Monitoring Board (NCDMB) and Shell Petroleum Development Company of Nigeria (SPDC) last Friday performed the ground breaking of a mini industrial park to boost Nigerian Content goals. The event took place in Port Harcourt, Rivers State and featured three original equipment manufacturers (OEMS) utilised by Shell for its operations-Alcon, Fiddil, Prime Atlantic-each getting a land space measuring 1800.... Read more »

Posted on : Wednesday , 4th November 2015

Kenya: Tatu City Seals Sh400m Deal With Infrastructure Firm Sinohydro

Tatu City has sealed a Sh400 million deal with international infrastructure firm Sinohydro to lay out basic infrastructure that will supplement the first phase of the project. The Chinese engineering firm will set up infrastructure for water, sewerage and temporary road works for Tatu City's development. The additional seven-kilometre temporary roads will help facilitate ongoing construction activities. "We are.... Read more »

Posted on : Wednesday , 4th November 2015

Fate of Kudu Power construction Project in Namibia to be known 2016

The fate of Kudu Power construction Project in Namibia will be known in mid 2016, Managing Director of National Petroleum Corporation of Namibia (Namcor), Immanuel Mulunga has announced. Since the stalling of the project, cost has doubled up to about US $2.3bn and it will entail the transfer of gas from the offshore Kudu field to a floating production system. This will then be piped 170km to a planned 885MW power plant located in at.... Read more »

Posted on : Wednesday , 4th November 2015

Newly constructed 55MW solar power project in Tanzania commissioned

The newly constructed 55MW solar power project in Tanzania has been commissioned. The project was launched at University of Dodoma (UDOM) in Tanzania with an in tension of making the institution one of Africa’s leading universities using renewable energy. The project which is done in partnership with Ohio State University‘s (OSU) and UDOM will eventually establish itself as a global centre of excellence in renewable energy.... Read more »

Posted on : Wednesday , 4th November 2015

Newly constructed 55MW solar power project in Tanzania

The newly constructed 55MW solar power project in Tanzania has been commissioned. The project was launched at University of Dodoma (UDOM) in Tanzania with an in tension of making the institution one of Africa’s leading universities using renewable energy. The project which is done in partnership with Ohio State University‘s (OSU) and UDOM will eventually establish itself as a global centre of excellence in renewable.... Read more »

Posted on : Wednesday , 4th November 2015

The construction of 78km Powerline in Burundi launched

A US$ 36m powerline in Burundi that was constructed to link the capital Bujumbura, from the Ruzizi II hydroelectric dam in Kamanyola at the Democratic Republic of Congo has been launched by Burundi’s Deputy President Dr. Joseph Butore. The Powerline in Burundi will help the country export surplus electricity to neighboring countries, or import through the regional interconnection lines. “The project is of paramount importance.... Read more »

Posted on : Wednesday , 4th November 2015

Tanzania To Become One Of The Largest Producer Of Graphite In The World, Ministry Says

The Tanzanian Ministry of Energy and Minerals (MEM) has recently announced that Tanzania will soon become one of the largest producers of graphite in the world, due to recent and abundant discoveries of graphite fields across the country. The discoveries come mainly from Magnis Resources Limited (ASX:MNS), Mozambi Resources (ASX:MOZ) and Kibaran Resources Limited (ASX:KNL) which manage a total of five graphite projects across Tanzania.... Read more »

Posted on : Tuesday , 3rd November 2015

Tanzania Reduces Online Business Registration Time To 1 Hour

The Tanzanian Business Registration and Licensing Agency (BRELA), has recently launched an online platform to register companies that will reduce the time of issuing a business certification from three days to one hour. The new system, created by BRELA’s staff using intern funds, is replacing the software Property Data Profiling (PDP) system developed by a local-private company at a total investment of TZS 800 million which was.... Read more »

Posted on : Tuesday , 3rd November 2015

Ethiopia To Open New Embassy In Dar Es Salaam To Support Bilateral Trade

The Ethiopian Government has recently announced that it will soon open an embassy in Tanzania’s commercial capital, Dar es Salaam, to further support the recent growing bilateral trade between both countries. The announcement was done by Ethiopia’s Minister for Industries Ahmed Abtew in Addis Ababa, where he receive the Tanzania’s Permanent Secretary in the Minister of Industry and Trade Uledi Mussa to share his.... Read more »

Posted on : Tuesday , 3rd November 2015

Alabama Set To Develop Strategic Collaboration And Trade With Tanzania

The Alabama trade and business development mission to Africa which visited Tanzania’s commercial capital, Dar es Salaam to hold business to business matchmaking meetings, has recently concluded its trip announcing that basis have been set for the development of strategic collaboration and new markets. The business trip to Tanzania aimed at exploring trade and investment opportunities to enhance relationships developed in 2013 when.... Read more »

Posted on : Tuesday , 3rd November 2015

Tanzania Starts Construction Works Of Power Interconnection Project With Kenya

The Tanzanian and Kenyan Governments have recently announced that construction works have started on the Kenya-Tanzania Power Interconnection project that aims at connecting the Eastern Africa Electricity Highway between Kenya and Ethiopia, with the Eastern Africa Power Pool compounded by countries of the Common Market for Eastern and Southern Africa (COMESA). The project, implemented by Kenya Electricity Transmission Company (KETRACO).... Read more »

Posted on : Tuesday , 3rd November 2015

Setraco's U.S.$150 Million Steel Pipe Mill Factory Inaugurated

The effort of the federal government towards making gas accessible and affordable to Nigerians through its National gas master plan received a boost on Thursday with the inauguration of a new ultra modern $150 million steel pipe mill by President Muhammadu Buhari. Buhari who was represented by the Secretary to the Government of the Federation (SGF), Babachir Lawal, said the company established by Setraco Construction Company (SCC).... Read more »

Posted on : Tuesday , 3rd November 2015

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