Market News Page No. 465| Africa Business News | Afrotrade

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Shell Declares Force Majeure On Bonny Light Exports

The spate of pipeline vandalism and crude oil theft in the Niger Delta is increasingly assuming alarming proportion as Shell Petroleum Development Company (SPDC) has again declared force majeure on the exports of Bonny Light grade of crude oil as result of the activities of vandals and oil thieves. This action is coming in less than one week after the company lifted the force majeure it had declared on gas supplies to the Nigeria LNG.... Read more »

Posted on : Saturday , 29th August 2015

Ethiopia: Bold Move to Foster Pharmaceutical Industry

Pharmaceutical excipients are no longer inert materials but are effective and able to improve the characteristics of the products' quality, stability, functionality, safety, solubility and acceptance of patients. It can interact with the active ingredients and alter the medicament characteristics. The globalization of medicines' supply enhances the importance of globalized good manufacturing practice (GMP) requirements for pharmaceutical.... Read more »

Posted on : Saturday , 29th August 2015

Nigeria: Govt Signs U.S.$237 Million World Bank Electricity Deal

Abuja — TO underscore commitment to the on going reform in the power sector, the Federal Government yesterday announced that it has completed the signing of the World Bank Partial Risk Guarantees (PRGs) in support of the 450 megawatts Azura-Edo Independent Power Plant (IPP). The deal was concluded on Friday, August 21, 2015. Parties to the agreement included the Federal Government represented by the Ministry of Finance and.... Read more »

Posted on : Saturday , 29th August 2015

Ethiopia: Gilgel Gibe III On a Trial Electric Power Production

The largest hydropower plant in Ethiopia, Gilgel Gibe III, started trial electric power production on Tuesday (August 25, 2015), announced the Ministry of Water, Irrigation and Energy. The dam begins trail production since it stored water that enables the production, Alemayehu Tegenu, Minister of Water, Irrigation and Energy told the press. When the trail is successful, Gibe III is expected to start generating 500 megawatt of.... Read more »

Posted on : Saturday , 29th August 2015

Power: Energy for all in 2020

The government will have to act quickly and mobilise funds to connect all of the country's population centres to the national grid in the next five years. With inadequate electricity supplies sapping the country's economic growth, the government has launched several large projects to increase generation capacity and connect more customers to the national grid. The limitations of Kenya's current energy infrastructure are stark. Amos.... Read more »

Posted on : Saturday , 29th August 2015

Nigeria: Toyota Unveils Brand New Tecoma

TOYOTA has left its Taco sitting on the counter since 2005, and it has almost gotten stale. By default, those hungry for a mid-size truck have had no choice but to clog their noses and scarf down what Chef Toyota was cranking out of its kitchen until the new Chevrolet Colorado and GMC Canyon came out. Now Toyota's cooked up a new taco. Toyota, the long-time king of the mid-sizers, has been displaced from the top of the leader board. And.... Read more »

Posted on : Saturday , 29th August 2015

US$145mn for Kenya-Tanzania power transmission line

The African Development Bank (AfDB) has approved a US$145mn loan for the construction of a 510 km power transmission line running through Kenya and Tanzania power-transmission-lineThe Kenyan government plans to add 5,000 km power lines to the existing 3,800 km in the next two years. The two countries will use the loan to support their efforts in constructing the 400 kV line and several substations along the way to allow them to.... Read more »

Posted on : Saturday , 29th August 2015

East Africa power company invests in smart meters

Uganda's retail power distributor Umeme Power Company is reported to be investing US$24mn in automated meter-reading technology that uses smart meters to help it curb energy losses among large commercial consumers powerline- gyn9037According to Babungi, the ability to monitor customer consumption and status of metering installations enable real time responses in cases of power thefts. (Image source: gyn9037) A smart meter records.... Read more »

Posted on : Saturday , 29th August 2015

East Africa gets new cement plant

A 600,000 tonne capacity Cimerwa Cement plant has been inaugurated in Rwanda at the cost of US$170mn cement The plant has been built in the Muganza sector of the Rusizi district in western Rwanda. With the current cement demand being 450,000 tonnes annually, the new plant is expected to cater to the growing demand. Surplus will be exported to neighbouring countries such as Burundi and DR Congo. Officials expect the plant to.... Read more »

Posted on : Friday , 28th August 2015

Muzizi hydro-power to be constructed in East Africa

The Ugandan and two companies from Germany and France has signed a US$ 76m agreement that will see the construction of the Muzizi hydro-power project come to birth and help in providing power to more than 60,000 homes. Germany Development Bank (KfW) and the French Development Agency are the two other companies that are financing the construction of Muzizi hydro-power project. Under the mutual reliance initiative, KfW will.... Read more »

Posted on : Friday , 28th August 2015

Construction of power plants in Kenya pays dividends

The effort of constructing power plants in Kenya has started paying off following a drop in imported electricity from Uganda, Energy Regulatory Commission (ERC) has announced. According to data from (ERC), Kenya has only imported 27.97 million kilowatt-hours (kWh) from Ethiopia in the first half of the year, down from 57.91 million kWh in same period last year, a 51.7 per cent drop and 95 per cent or 26.49 million kWh from.... Read more »

Posted on : Friday , 28th August 2015

Uganda and Botswana to collaborate on vaccines research

President Yoweri Museveni has held a meeting with former Botswana President, Sir Ketumile Masire at State House, Entebbe. Sir Ketumile Masire has been in Uganda at the invitation of the Uganda Management Institute (UMI) for a five-day International Conference on Governance and Service Delivery in Developing Economies. During the meeting at State House, Museveni said that Uganda and Botswana’s vaccine institutes should.... Read more »

Posted on : Friday , 28th August 2015

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