Market News Page No. 480| Africa Business News | Afrotrade

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Construction in Tanzania of US$ 20m fertilizer terminal to be completed

The construction in Tanzania of a US$ 20m fertilizer terminal near the port of Dar es Salaam which is projected to make Tanzania a regional agricultural input distribution hub is set for opening in September this year. The construction in Tanzania of the modern revolving fertilizer terminal which will also help to make quality fertilizer more readily available to both large and small scale farmers is currently on its.... Read more »

Posted on : Thursday , 30th July 2015

Tanzania-Kenya Highway Upgrade to Boost Trade

The upgrade of a key link road between Tanzania and Kenya is underway, raising prospects for enhanced cross-border trade. The expansion of the multimillion-dollar superhighway running from Arusha-Holili in Tanzania to Taveta-Voi in Kenya, is expected to ease the movement of goods from Kenya's Mombasa port to landlocked countries. The superhighway, which will be implemented in two phases on the Tanzanian side, commenced with a 14km four-lane.... Read more »

Posted on : Thursday , 30th July 2015

Tanzania: TBA Out to Build Houses for Civil Servants

Siha — TANZANIA Building Agency (TBA) has initiated housing projects in efforts to ensure civil servants own houses. TBA Chief Executive Officer, Mr Elius Mwakalinga said here yesterday that its research has determined that many civil servants are in dire need of houses as they own none. Mr Mwakalinga said the challenge is huge because the number of houses needed as of now is about 400,000 all over the country. The officer said they.... Read more »

Posted on : Thursday , 30th July 2015

Uganda President meets Total executives over Crude oil pipeline construction

Uganda President Yoweri Museveni has held a meeting with Total’s Exploration and Production Africa Division Vice President Jabier Rielo over the development of a crude oil pipeline ahead of production in 2018. The meeting was also attended by the Minister for Energy and Mineral development Eng. Irene Muloni and the Permanent Secretary Ministry of Energy Mr. Kabagambe Kalisa. Uganda is planning to a construct an oil.... Read more »

Posted on : Thursday , 30th July 2015

AFRICA OIL TO COMMENCE DRILLING BLOCK 12A BASIN OPENER IN OCTOBER

Block 12A joint venture partners Tullow Oil and Africa Oil have announced they will spud the Cheptuket exploration well in October to test a basin bounding structural closure in the Kerio Valley Basin in a similar structural setting to the successful Ngamia and Amosing discoveries. The Cheptuket well formerly refered to as Lekep-A is located in Elgeyo Marakwet county in Kenya’s Rift Valley where the oil firms had already.... Read more »

Posted on : Thursday , 30th July 2015

KENYA, UGANDA TO COMMENCE OIL PRODUCTION IN MID 2020 � TULLOW OIL

Kenya and Uganda could start producing oil three and a half years after project sanction expected by the end of 2016 according to the latest half year results by the company. According to the report the company expects to have drilled 200 to 300 wells in phases in Kenya almost of those to be drilled in neighboring Uganda where the company targets 500 wells. Currently the development initially targets the South Lokichar.... Read more »

Posted on : Thursday , 30th July 2015

Africa's new Industrial Park construction begins

Africa has begun the construction of a US$ 246m park dubbed Hawassa Industrial Park; this was confirmed after the signing of an agreement between Ethiopia and China Civil Engineering Corporation(CCECC). The mega development is projected to be complete in the next 9 months with the MH Engineers as consultants focusing on the garment manufacture and agro-industry. Construction of the Hawassa Industrial Park, which began following.... Read more »

Posted on : Thursday , 30th July 2015

African trade agreement will provide economic boost for continent

The 19th-century British colonialist Cecil Rhodes' dream of unifying Africa from "Cape to Cairo" was not so far-fetched after all. Tinged with a dash of déjà vu, this dream was fulfilled yesterday with the launch of the Tripartite Free Trade Area Agreement (TFTA) in Sharm el Sheikh when 26 African heads of state endorsed an economic integration plan for the continent on an unprecedented scale. The.... Read more »

Posted on : Thursday , 30th July 2015

Chinese firm to build Djibouti�s wind power plant inn East Africa

Djibouti’s ministry of energy has signed an MoU with Shanghai Electric for the construction of a 60MW wind power project in the eastern African country The Chinese mechanical and electrical equipment manufacturer will construct the project in two parts of 30MW each and the project will also include the construction of two 230 kV power lines in northern Djibouti. According to the ministry of energy, Djibouti has significant.... Read more »

Posted on : Wednesday , 29th July 2015

GE to supply equipment for 100MW wind farm in Kenya

GE Africa announced that it is partnering with Kipeto Energy Limited to build a new 100MW wind farm in Kenya’s Kajiado County GE will be the sole supplier of equipment for the 100MW project located about 50 km from Nairobi. The Kipeto project, announced during US President Barack Obama’s visit to Kenya, is expected to make a significant contribution to the installed energy capacity in the country where up to 80 per.... Read more »

Posted on : Wednesday , 29th July 2015

Tanzania to Start Tests On 542km Long New Mtwara-Dar Gas Pipeline

The Tanzania Petroleum Development Corporation (TPDC) will on July 29 start trial tests on a new 542-kilometre long pipeline from Mtwara to Dar es Salaam for between 40 and 60 days. The pipeline is expected to deliver higher volumes of natural gas for power generation and other applications. Exploration firms have discovered about 55.1 trillion cubic feet of natural gas in offshore and onshore southern.... Read more »

Posted on : Wednesday , 29th July 2015

Kenya, U.S. Sign Key Transport Deal

Kenya and the US have signed a deal that would lead to the development of strategic infrastructure projects. The memorandum of understanding covers projects related to the Lamu Port South Sudan- Ethiopia Transport (Lapsset) corridor. During the signing ceremony on Friday, Cabinet Secretary for Foreign Affairs and International Trade Amina Mohamed said the deal would include "the development of a transport corridor.... Read more »

Posted on : Wednesday , 29th July 2015

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