Market News Page No. 473| Africa Business News | Afrotrade

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Panoro Energy starts drilling Aje-5 offshore Nigeria

Panoro Energy ASA (Panoro), the London-based E&P company, has announced that drilling has commenced on the Aje-5 production well on the OML 113 license offshore Nigeria The Aje-5 well is being drilled with the Saipem Scarabeo 3 semi-submersible drilling rig at a depth of 300 metres from a seabed location close to Aje-4. Following drilling, the Aje-5 well will be completed as a subsea oil production well. The drilling and completion for.... Read more »

Posted on : Friday , 7th August 2015

Kaduna Refinery to Hit 90 Percent Production Efficiency, Says MD

The managing director, Kaduna Refining and Petrochemicals Company, Saidu Mohammed, on Friday said the refinery will hit 90 per cent production of its 110,000 installed capacity. PREMIUM TIMES gathered that the refinery had been operating at 60 per cent production capacity before commencement of the turn-around maintenance in October 2014. Mr. Mohammed, in an interview after a tour of the refinery with journalists, said the.... Read more »

Posted on : Friday , 7th August 2015

Tanzania: Efforts to Build Oil, Gas Local Content Get Regional Support

The African Capacity Building Foundation (ACBF) has hailed current government efforts to build a strong local content legal and policy framework to guide the oil and gas sector. Speaking in Dar es salaam yesterday, the Executive Secretary of the continental Foundation, Prof Emmanuel Nnadozie, said the local content policies and legislations would ensure the local populace are active in the oil and gas value chain. Prof Nnadozie.... Read more »

Posted on : Friday , 7th August 2015

Tanzania To Develop First PV-Diesel Hybrid Minigrid In Lake Victoria

Tanzanian solar energy contractor Rex Investment Limited (Rex) has selected MRIGlobal to undertake the first PV-Diesel hybrid grid’s feasibility study and power generation pilot project in a remote island of Lake Victoria region where currently merely 1% of the population have access to electricity. MRIGlobal, an American non-profit organization that conducts research in energy, defense and health sectors for Governments.... Read more »

Posted on : Thursday , 6th August 2015

Tanzania To Become ICT Hub In East And Central Africa

The Tanzania Telecommunications Company Limited (TTCL), in an event held in Dar es Salaam last week, announced that with the completion of the national fibre cable network and the official launch of the 100% national high-speed broadband coverage across Tanzania, it aims to make the country the Information and Communication Technology (ICT) hub in East and Central Africa. The Tanzania national ICT optical cable backbone has.... Read more »

Posted on : Thursday , 6th August 2015

Tanzania Coffee Production To Increase By 25% in 2016

According to Unites States Department of Agriculture Foreign Agricultural Service (USDA) 2015 Tanzania Annual Coffee Report, Tanzania’s coffee production will increase to a record 1.2 million 60 kg bags in the marketing year 2015/2016. This represents an increase of 25% year after year and is due to improved husbandry practices and favorable weather. The Government of Tanzania continues to implement its strategic.... Read more »

Posted on : Thursday , 6th August 2015

AFRICAN OIL & GAS ORGANISATIONS PLAN FOR AN UPTURN IN THE OIL PRICE: PWC SURVEY

AFRICAN OIL & GAS ORGANISATIONS PLAN FOR AN UPTURN IN THE OIL Overall, activity in the oil & gas industry across the African continent has slowed in the wake of the declining oil price in late 2014. “While the oil price has caused activity to drop, it has also served as a wake-up call to many African governments, which are working hard to pass favourable oil & gas legislation in order to attract investment into the.... Read more »

Posted on : Thursday , 6th August 2015

SWALA ENERGY GETS MINISTERIAL CONSENT FOR TANZANIA FARM-OUTS

Swala Energy Limited has reported that its subsidiary company Swala Oil and Gas (Tanzania) Plc has received a no objection notice from the Tanzanian Ministry of Energy and Mines to the farm-out of 50% of its interests in the Kilosa-Kilombero and Pangani licences to Tata Petrodyne Limited (TPL). The consent from the Tanzanian Petroleum Development Corporation, the Tanzanian Revenue Authority and now from the Ministry of Energy and Mines.... Read more »

Posted on : Thursday , 6th August 2015

Tanzania Building Agency to invest into constustion & development

The Tanzania Building Agency is to construct 10, 000 houses which will benefit civil servants in Tanzania who will wholly own them. The objective of this initiative is to provide quality and environmentally friendly accommodation to the government and public servants through efficient and effective business as well as consultancy services and real estate management. The news that the Tanzania Building Agency is to construct 10,.... Read more »

Posted on : Wednesday , 5th August 2015

TANESCO to ramp up electricity supply in Tanzania with US$ 4Bn investment

The Tanzania Electric Supply Company Limited (TANESCO) which owns most of the electricity supply in Tanzania mainland which includes generating, transmitting and distributing facilities plans to spend more than US$ 4Bn in executing various projects for energy generation and gas production that will culminate in the production of 300-megawatt surplus. Tanesco Managing Director, Engineer Felchesmi Mramba confirmed the news and.... Read more »

Posted on : Wednesday , 5th August 2015

Improving Africa�s piling practices

Sub Saharan African construction industry could be losing hundreds of millions of dollars in project maintenance costs due to poor piling practices. What most project developers ignore is that there is still no alternative to good piling practices. It’s incredible how far construction companies can go to save costs.Even to the extent of sacrificing the quality of piling – literally, the very foundation of.... Read more »

Posted on : Monday , 3rd August 2015

Construction of City of Hope in Ghana to cost US$10Bn

The Construction of City of Hope in Ghana will cost US$10Bn and will be a world class information communication technologies (ICT) city project meant to bring all players under one roof in three years. Construction of City of Hope in Ghana will consist of a six towers’ project, It will also be Africa’s tallest building at a height of 270 meters. Rig Communications, a locally owned technology giant willbe undertaking the.... Read more »

Posted on : Monday , 3rd August 2015

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