Market News Page No. 430| Africa Business News | Afrotrade

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Kenya: Firms to Sell Green 20MW to Kenya Power

Nairobi — Kenya Power has signed power purchase agreements with four local generators for the uptake of 20.8MW additional power capacity from renewable energy sources. Signed in 20-year arrangements under feed-in tariff policy that aims at encouraging investments in renewable energy projects, the power utility will draw the extra capacity from biomass, solar, mini-hydro and windmicro-plants located in Kwale, Nairobi, Kajiado and.... Read more »

Posted on : Saturday , 17th October 2015

Kenya: County Government Urged to Control Small-Scale Mining

An environmentalist in Gatundu wants the government to put in place stringent measures to control small-scale mining with a view to curb environmental degradation in Kiambu County. The director of Gatundu Data Link Initiative William Kimotho said haphazard mineral exploitation was an “environmental time bomb” to the region. Speaking at his Gatundu town office, Kimotho called for stringent regulations for the small-scale miners.... Read more »

Posted on : Saturday , 17th October 2015

Kenya: Ormat Teams With Toshiba in Geothermal Energy

Israeli energy firm Ormat Technologies has teamed up with Japan's Toshiba Corporation to source and implement joint geothermal contracts. The first project expected to be implemented under the deal signed Friday is Nakuru's Menengai Crater to be constructed and operated by the Ormat - Symbion Power LLC - Civicon consortium. Ormat, which represents Toshiba in the Kenyan venture, said in a press statement that negotiations on the.... Read more »

Posted on : Saturday , 17th October 2015

Nigeria: France Grants U.S.$170 Million for Improved Power Supply in FCT

France says it has granted 170 million dollars aimed at increasing the power supply for the Federal Capital Territory (FCT). The French Ambassador to Nigeria, Mr Denys Gauer announced this on Thursday in Abuja in a remark at the Nigeria Alternative Energy Expo 2015. Represented by Mr Georges Vanin, First Counsellor, Political Affairs and Communication, Embassy of France, Abuj, the ambassador said the power sector was one of the.... Read more »

Posted on : Saturday , 17th October 2015

Zimbabwe: Headway in U.S.$3 Billion Platinum Project

The second phase of the $3 billion platinum project in Darwendale, a joint venture between Zimbabwe and Russian companies, is expected to start next year, with visiting Russian Deputy Minister of Industry and Trade Mr Georgy Kalamanov, yesterday expressing satisfaction with the progress made so far. This phase involves construction and commissioning of two underground mines and the second processing plant, while additional mines would.... Read more »

Posted on : Saturday , 17th October 2015

Operations At Hwange Chaba Mine Resume

Operations at Hwange Colliery Company Ltd's (HCCL) Chaba concession resumed this week after Mota Engel, the Portuguese company contracted to mine the area, went on a week-long production strike demanding outsanding debts, businessdigest has established. Well-placed sources told businessdigest this week that HCCL's mining contractor resumed operations at the colliery, a development that has breathed life at the group. Mota-Engil.... Read more »

Posted on : Saturday , 17th October 2015

Ethiopia: Strengthening Extension Services to Modernize Smallholder Farming

Agricultural extension service in Ethiopia is said to have started in 1953 with the establishment of the then Imperial Ethiopian College of Agriculture and Mechanical Arts (IECAMA), currently known as Haramaya University. IECAMA was established with the mandate of teaching, conducting researches and doing extension works. The extension mandate of the college included transferring local research outputs and technologies to farmers, and.... Read more »

Posted on : Saturday , 17th October 2015

Rosatom announces plans to construct reactors in nuclear plant in Africa

A Russian nuclear firm Rosatom Corporation has announced plans to construct four Reactors in Dabaa nuclear plant in Egypt. The Nuclear power company is currently pushing to expand its market to the middle East being one of the most growing market in nuclear power. Rosatom hinted that talks with Egypt on the construction of the four reactors are on the final stages. “The company is negotiating with the.... Read more »

Posted on : Saturday , 17th October 2015

Mega Fertilizer Plant to come up in Africa

HOMAG International Merchant is set to construct a mega fertilizer plant in Nigeria worth $1.2 billion in Kogi State. The firm representative Adedayo Adeogi said that they will work hand in hand with the Kogi government to ensure that the project get completed on time. He said this while leading a delegation from Kogo state. Adeogi added that the mega project will be executed on the basis of Build Operate Transfer so that.... Read more »

Posted on : Saturday , 17th October 2015

US firm now eyes construction market in Kenya

The construction market in Kenya is set for cutthroat competition after X-Calibur Construction Chemistry Inc., a US-based construction products manufacturer said that it was constructing a concrete and cement additive manufacturing plant in Kenya aiming to tap on the wider East African region. The firm said that it would open a manufacturing plant in Nairobi late next year in a move to ease distribution of its products.... Read more »

Posted on : Saturday , 17th October 2015

UK to Support Africa's Developmental Programmes With N65 Billion

The British government has pledged to support Nigeria's effort towards ensuring stability and development with a commitment worth N65 billion. The country's minister for Africa, Grant Shapps, said on arrival in Abuja on his maiden visit to Nigeria that the two countries would work together to increase the nation's prosperity in the areas of trade and security. He said the UK government would provide a comprehensive.... Read more »

Posted on : Friday , 16th October 2015

Schneider Electric commissions off-grid solar energy solutions for six African states

Schneider Electric, along with Green Village Electricity Projects Limited, Arnergy Solar Limited and the Bank of Industry Nigeria Limited, has commissioned low-cost off-grid solar energy solutions for rural communities in Nigeria solar sputnikengineeringag wikimediaThe off-grid system will attempt to reduce the carbon footprint in the six Nigerian states, in addition to providing power. Schneider Electric country president.... Read more »

Posted on : Friday , 16th October 2015

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