Market News Page No. 439| Africa Business News | Afrotrade

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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

New nuclear power plant takes shape in Africa

The long awaited plans for the construction of Dabaa Nuclear power plant in Egypt has finally taken shape as officials from Egypt and Russia got into final talks on the way forward. According to reports from the Egyptian Authority the Russia state-owned Rosatom has reached final stages of negotiating the construction of Egypt’s Dabaa nuclear power plant contract. According to a statement from Rosatom.... Read more »

Posted on : Friday , 16th October 2015

Newly constructed Weetabix East Africa plant in Kenya opened

The Newly constructed Weetabix East Africa plant in Kenya has been opened in the capital Nairobi. The move is aimed at increasing production capacity as well as enhancing efficiency. The new plant which cost US$ 2.5m has the potential of generating up to 60 per cent of the company’s produce. Managing director Mr. Ahsan Manji launched the new plant while marking the company’s 40th anniversary in Kenya. “The recently.... Read more »

Posted on : Friday , 16th October 2015

Newly constructed Mombasa port terminal to start operation in mid 2016

Multi-donor agency Trade Mark East Africa (TMEA), has hinted that the newly constructed Mombasa port terminal which cost US$ 30.9bn will be operational in June, 2016. Dr. Chris Kiptoo, the TradeMark East Africa (TMEA) Kenya director said that the agency will hand over the facility to the Kenya Ports Authority (KPA) by mid next year. The terminal which has a capability of increasing container space by 450,000 twenty-foot equivalent.... Read more »

Posted on : Friday , 16th October 2015

Nigeria's Crude Oil Production Increases By 34,000 Barrels Per Day

Nigeria's crude oil production has increased by 34,000 barrels per day (bpd) from the 1.865 million bpd in the month of August to 1.9 mbpd in September, according to the latest report of the Organisation of Petroleum Exporting Countries (OPEC). According to OPEC in the report released on Monday, total crude oil production from member countries increased by 0.11 mbpd to average 31.57 mbd in September. Besides, the International Energy.... Read more »

Posted on : Friday , 16th October 2015

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