N e w s

UNDERWRITING AFRICA LAUNCHES IN NAIROBI WITH PRODUCTS TARGETING UPSTREAM SECTOR

East Africa has its first boutique Insurance Intermediary Company set up to provide niche and specialist insurance solutions to oil and gas exploration firms and their contractors. Underwriting Africa whose headquarters are based in Nairobi has among its Reinsurance Partners Swiss Re with other brokerage partners in London and Paris. On the oil and gas front the company will fill a gap that has been void in the local space allowing the.... Read more »

Posted on : Monday , 28th September 2015

LAPSSET PROJECT’S INAUGURAL GLOBAL INVESTMENT CONFERENCE SET FOR OCTOBER IN NAIROBI

The Kenya & East Africa Management Services Company (KEAMSCO), working in partnership with the Kenya National Chamber of Commerce & Industry (KNCCI) will be hosting the inaugural LAPSSET Global Investment Conference in Nairobi on October 26th to 29 2015. The theme of the conference is Building Africa’s transformative & game-changer Infrastructure towards delivering a Just & Prosperous Kenya. The LAPSSET Program is by.... Read more »

Posted on : Monday , 28th September 2015

Lighting Africa – Ethiopia launches Consumer Education Campaign targeting over 12 million Ethiopians

Lighting Africa – Ethiopia, a World Bank Group program aimed at accelerating the development of the market for off-grid solar lighting products in Ethiopia, today launched a Consumer Education Campaign in Ethiopia highlighting the benefits provided by modern, quality off-grid lighting, and assisting them in making informed purchasing decisions.   The program addresses the lighting needs of rural, urban, and suburban consumers.... Read more »

Posted on : Saturday , 26th September 2015

Ethiopians inaugurate new Addis Ababa Light Rail Transit project

Ethiopia on Sunday inaugurated a modern rail project that has been constructed by the China Railway Group (CREC) in the capital of the east African country. The electrified Addis Ababa Light Rail Transit (AA-LRT) is the first light railway on the African continent with two lines of a total length of 34 km.   Of the two rail lines, the east-west corridor extends 17.35 km, stretching from Ayat Village to Tor Hailoch, and passes through.... Read more »

Posted on : Saturday , 26th September 2015

Tanzania: In Support of Road Infrastructure Investment

Roads are an integral part of the transport system. They account for more than 90 per cent of all passengers and goods transport in the country. Our Staff writer Chaby Barasa who recently accompanied CCM Union presidential candidate Dr John Magufuli on a campaign trail in several regions, revisits the crucial role road transport is playing in spearheading economic development in the country. "If you have roads, you have.... Read more »

Posted on : Saturday , 26th September 2015

GGC increases capacity to process more gas

The Ghana Gas Company says it is upgrading its infrastructure to enhance the capacity to receive all the gas from the Jubilee Field for processing. The development is expected to help improve the country’s current energy challenge. Speaking to Joy Business about concerns that excess gas may have to be flared due to the lack of capacity, Chief Executive Dr. George Sipa Yankey differed. He emphasized that Ghana Gas has more capacity.... Read more »

Posted on : Saturday , 26th September 2015

Uganda, China Sign Deal to Boost Mining Sector

The Uganda Chamber of Minerals and Petroleum (UCMP) has signed a cooperation agreement with a Chinese province to help boost the budding mining sector. According to the UCMP vice chairman, Mr Richard Kaijuka, the chamber inked the deal with Shandong Provincial Bureau of Geology & Mineral Resources to invest in different areas of the mining sector in Uganda. He said as a result, a national central mineral laboratory will be built,.... Read more »

Posted on : Saturday , 26th September 2015

NATIONAL OIL CORPORATION CALLS FOR TENDERS FOR 3D SEISMIC OFFSHORE KENYA

The National Oil Corporation of Kenya has invited for Expressions of Interest (EOI) from eligible companies to acquire a multi-client 3D broadband seismic survey including processing over the shallow waters of the offshore Lamu basin , Kenya. According to NOC the multi-client surveys and studies are part of the preparation of an open licensing round tentatively scheduled for the year 2017 with a formal announcement on the date to be made by.... Read more »

Posted on : Friday , 25th September 2015

Mauritius vies with larger African neighbors to be continental hub

As Mauritius developed into one of Africa’s wealthiest and advanced nations, the island nation’s focus tended to be far beyond the shores of its home continent. With sugar, textiles and financial services the mainstays of its economy, the country’s traditional trading partners have been Europe, India and the US. In terms of Mauritian exports only two African nations — South Africa and Madagascar — registered.... Read more »

Posted on : Friday , 25th September 2015

New African Development Bank President Adesina looking to mobilize $55B for energy projects on the continent

African Development Bank President Akinwumi Adesina, who took over this month, said he’s aiming to eliminate Africa’s energy deficit by 2025 by mobilizing $55 billion of investment. Termed the “New Deal for Energy in Africa,” the continent’s largest development bank said the plan will significantly raise its support for energy projects and that its partners should also scale up efforts. The proposal also called.... Read more »

Posted on : Friday , 25th September 2015

Sub-Saharan Africa’s first metro is functional

 Sub-Saharan Africa’s first light rail system or metro was inaugurated in Addis Ababa last weekend, said the head of the Ethiopian Railways Corporation Getachew Betru metro HernnPiera flickrThe Addis Metro will comprise two lines – one from east to west and the other from south to centre.  The Addis Metro runs 17 km from industrial areas south of Addis Ababa to the centre. A second line that will run east to west, is.... Read more »

Posted on : Friday , 25th September 2015

East Africa: Construction of Muvumbe Hydro-power Dam kicks off

 The  construction of the US$ 18m Muvumbe Hydro-power Dam in Uganda has kicked off. Located in Kabale District, Kigarama village in Nyanja parish, Maziba Sub-county, The mega project will be constructed by Vidullanka PLC from Sri Lanka.   The ground breaking of this important project was presided over by the Prime Minister, Dr. Ruhakana Rugunda who hailed the Sri Lankan Ambassador to Uganda, Mr. Kana Kananathan for thinking of.... Read more »

Posted on : Friday , 25th September 2015



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