N e w s

Tanzania: Mahindra to Open Tractor Factory in Zanzibar

Zanzibar — Mahindra company from India is planning to open a tractor assembling plant here, Zanzibar President, Dr Ali Mohamed Shein, revealed here yesterday. Dr Shein said negotiations with the Indian company were currently going on. He also disclosed that his government would also purchase 100 tractors from the company to improve agriculture in the Isles.   "Mahindra is one of the biggest companies globally and its expected.... Read more »

Posted on : Tuesday , 13th October 2015

Chinese Steel Manufacturer Expresses Confidence in Buhari's Govt

The management of HongXing Steel Company, a Chinese steel manufacturing company based in Lagos, has expressed confidence in the President Muhammadu Buhari's government.   Speaking during a factory tour at the company in Lagos at the weekend, the Managing Director of HongXing Steel Company, Mr. Andy Hu, urged Nigerians to support the federal government in its bid to diversify the economy. Hu, pointed out that with the drop in crude oil.... Read more »

Posted on : Tuesday , 13th October 2015

Tanzania: Swala Oil Selects Tanzania Drilling Site

Dar es Salaam — Swala Oil & Gas (Tanzania) plc has selected a drilling location for the 2016 exploration well that shall be drilled on the Kito prospect in the Kilosa-Kilombero licence.   The technical review of the Kilombero Basin has shown the Kito prospect to be robust and has given promising indications of the potential prospectivity within the basin," Dr David Ridge, the firm's CEO said last week.   According to.... Read more »

Posted on : Tuesday , 13th October 2015

East Africa: Ethiopia, Djibouti Sign U.S.$1.11 Billion Deal to Construct Pipeline

Ethiopia and Djibouti have signed an agreement to construct a 550km refined petroleum products pipeline worth $1.55 billion linking the two countries.   Black Rhino Group and Mining Oil & Gas Services (MOGS) have been contracted to build the 20-inch pipeline to transport petrol, diesel and jet fuel from Damerjog port in Djibouti to Awash terminal in central Ethiopia.   Oil products are currently transported over 800 kilometres.... Read more »

Posted on : Tuesday , 13th October 2015

Kenya: Sh15bn plan to transform Embu town into a modern city launched to facilitate trade development

 Embu town will be transformed into a modern city complete with two by-passes, a railway line, modern stadium and recreational parks, according to an integrated strategic development plan released yesterday. Once the plan is implemented, the city will boast of dual carriageways, ring roads, pavements on all roads, multi-storey parking spaces and dual carriageways. The plan was prepared by Intercontinental Consultants and Technocrats Ltd and.... Read more »

Posted on : Tuesday , 13th October 2015

Tanzania: Kibo Mining Reveals Optimised Financials for Mbeya Coal Project

Kibo Mining, the Tanzania focused mineral exploration and development company, has “significantly” improved financials for its Mbeya Coal-to-Power-Project (MCPP) coal mine component. The company and its advisers Minxcon Projects have now completed a financial optimisation study for the MCPP coal mine, based on feasibility results received to date. The impact of optimal gearing for the MCPP coal mine was tested on the surface.... Read more »

Posted on : Tuesday , 13th October 2015

UGANDA, TANZANIA AND TOTAL E&P UGANDA SIGN MOU ON CRUDE OIL EXPORT PIPELINE FRAMEWORK

Government of the Republic of Uganda, the Government of the United Republic of Tanzania, the Tanzanian Petroleum Development Corporation and Total E&P Uganda have a today signed a Memorandum of Understanding on the crude oil pipeline development principles. The MOU also provides for other participants to join in the process of assessing and developing this route option creating a working framework for the potential development of a crude.... Read more »

Posted on : Tuesday , 13th October 2015

Africa: Danvest introduces Power Box for optimal power usage

 Energy solutions provider Danvest has introduced a Power Box solution, which can help optimise the power usage danvestpowerboxA hybrid plant in South Africa.  The company’s Power Box is designed to function with either CAT or Cummins engines. Traditional gensets are modified to run on low-loads and operate in reverse mode, without consuming much diesel. Despite this fuel setting, the genset has the ability to respond to output.... Read more »

Posted on : Tuesday , 13th October 2015

TANZANIA TO GENERATE 2000MW ELECTRICITY FROM NATURAL GAS BY 2018

Tanzania hopes to generate 2000 megawatts from natural gas in the next three years as the country hopes to increase its power generation capacity to 10,000 megawatts by 2025. Already the country has launched a 532 kilometre from Mtwara through Songo Songo to Dar es Salaam pipeline last weekend will utilize gas from four onshore wells at the Kiliwani North Development license. The 24-36 inch pipeline which was financed by the Export Import.... Read more »

Posted on : Tuesday , 13th October 2015

East Africa: Inter-Country Oil Transportation pipeline construction deal worth U.S.$2b signed

 Ethiopia and Djibouti pipeline construction deal worth U.S.$2b has been signed a move that is expected to boost oil transportation between the two countries.   The contractors assigned for the mega project; Black Rhino Group and Mining Oil & Gas Services (MOGS) are supposed to raise at least US$ 1bn to finance the construction.   The 550 km pipeline is expected to transport petrol, diesel and jet fuel from Damerjog port.... Read more »

Posted on : Tuesday , 13th October 2015

East Africa: Assembled Motor Vehicles Now Welcome in Dar, Tax Free

Regional auto assembly plants can now fully enter the Tanzanian market after the lapse of an East African Community October deadline for Dar to lift a 30 per cent excise duty on locally assembled vehicles.   Previously, Tanzania had complained of some partner states breaching the rules of origin by allowing vehicle assembly firms to resell imports without any significant value addition. This led to the standoff that saw Dar tax these.... Read more »

Posted on : Monday , 12th October 2015

Angola: Bengo - Kissomeira Cooperative Harvests Over 50,000 Tons of Maize

Caxito — More than 50,000 tons of maize were harvested by the Kissomeira Cooperative in the municipality of Dande, northern Bengo province, during the 2014/2015 agricultural season.   The information was released Thursday in Caxito, the capital of Bengo province, by the head of the local Department of the National Institute of Cereals, Laurindo José.   Speaking to Angop, in Caxito, the official said that as compared to.... Read more »

Posted on : Monday , 12th October 2015



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