Market News Page No. 483| Africa Business News | Afrotrade

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A US$400m gas-fired plant boosts Africa's energy needs

The Côte d’Ivoire republic has commissioned a US$400m gas-fired plant at the Azito Energie. This comes at a time when the nation is focusing on the expansion of energy infrastructure and development to enable the country to export power to the neighbouring countries such as Guinea, Liberia and Sierra Leone given that the current power export from Côte d’Ivoire goes to Ghana, Togo, Benin and Burkina Faso. The cote d.... Read more »

Posted on : Tuesday , 7th July 2015

Gensets aiding economic growth in Africa

In 2014, Nigeria imported a total of 28,678 genset units totalling to US$185.5mn, as per data provided by PowerGen Statistics genset-africa-USAIDThe sales of products in the global generator market have been particularly strong in regions which have an unreliable electricity supply, such as countries in Africa and Asia. According to industry sources, telecommunications and infrastructure development, road constructions as well as.... Read more »

Posted on : Tuesday , 7th July 2015

APR Energy lands a 27 million gas turbine supply contract in Egypt

APR Energy is set to provide a gas turbine power plant for an industrial customer in Egypt after landing a €27 Million contract. The leading world Mobile power supplier signed the deal early this week after a competitive tender that attracted many companies to provide a gas turbine power plant for an industrial customer in Egypt. The project, which is for a minimum of 12 months, has an estimated value exceeding US$30 million.... Read more »

Posted on : Tuesday , 7th July 2015

Wind power plant in Meru, Kenya set to generate 400MW of power

Kenyan electricity producing company, KenGen is set to develop a 400MW wind power farm in Meru County putting an addition to the growing portfolio of renewable energy sources. The first phase of the project which is stipulated to be complete by December, 2017 will generate 100MW of electricity. KenGen’s Managing Director, Albert Mugo confirmed the information and said that the project might be financed by French.... Read more »

Posted on : Tuesday , 7th July 2015

Tanzanian lawmakers pass disputed petroleum bill

Tanzania's parliament on Sunday approved a legal and regulatory framework for developing its nascent hydrocarbons industry, after days of contentious debate. East Africa has become a new oil and gas frontier after a string of discoveries that producers hope to exploit to supply energy-hungry Asian markets. Tanzania estimates it has more than 55 trillion cubic feet of natural gas but has yet to make oil.... Read more »

Posted on : Monday , 6th July 2015

China- Africa into a power generation contract

The Ethiopia Electric Power has signed a US$120mn contract with China Electric Power & Equipment Technology Company (CET) for the construction of the Ethiopia-Kenya Transmission Atlantis Images-transmissionlinesAfDB has provided the Kenyan government funding for a 500 kV transmission line in the country. Funding for the construction of the 433 km transmission line on the Ethiopian side of the border came from the African.... Read more »

Posted on : Monday , 6th July 2015

London & Norway based companies embarked to light up Africa

London-based Genesis Energy Corporation and Norway’s SHP Malthe Winje have decided to fast-track the deployment of modular mini hydro power solutions for Nigeria and the entire African continent at large hydropower-statkraft-flickrNigeria is well endowed with streams and tributaries, which makes it easier to harness hydro power. SHP Malthe Winje are considered market leaders in manufacturing and supplying prefabricated and.... Read more »

Posted on : Monday , 6th July 2015

Kenya: Kiambu Constructs Sh160 Million Hospital at Tigoni

Tigoni — Residents of Tigoni in Kiambu County are set to benefit from a hospital upgrade by the county government. The Sh160 million 200-bed capacity hospital to be constructed at the Tigoni Health Centre will benefit residents who have had to grapple with congestion in the wards especially accident victims. Kiambu Governor William Kabogo has reiterated his government's commitment to better health service delivery. "My government.... Read more »

Posted on : Monday , 6th July 2015

Kenya: New Mall Set to Change How Kisumu Shops

Unlike other middle class estates that are slowly experiencing an influx of residents, Mamboleo is relatively more secure and tranquil. "Actually, a majority of professionals in Kisumu now find the Mamboleo/ Kajulu hills a perfect destination of choice owing to encroachment of Milimani and Tom Mboya estates by offices, hotels and guest houses," she said. Lake Basin commission managing director Kabok Aguko says the shopping.... Read more »

Posted on : Monday , 6th July 2015

Ghana aims to be port of call for west Africa�s offshore oil industry

In April, the China Harbour Engineering Company was awarded a $600 million contract for the project, which is sited 326 kilometres west of Ghana’s capital, Accra, and just 100km west of Takoradi, the centre of the country’s emerging oil industry. Dedicated free trade ports are something of a fashion among developing economies, which see them as a way to encourage investment. Already other African.... Read more »

Posted on : Monday , 6th July 2015

Tullow Enjoys Strong Oil Production in West Africa

Independent producer Tullow Oil reported Wednesday that it had seen strong oil production from its West African operations during the first half as the company took action to "re-set" its business. During the first six months of 2015, Tullow's West Africa working-interest oil production averaged 66,500 barrels per day. The firm said that, as a result of strong performance from its Jubilee field offshore Ghana, it was increasing.... Read more »

Posted on : Monday , 6th July 2015

Golar, Perenco Reach Agreement on Commercial Terms of Cameroon FLNG Project

Golar LNG Limited (Golar) announced Tuesday that, further to the announcement on Dec. 24, 2014 regarding the signing of a Heads of Agreement with Societe Nationale de Hydrocarbures (SNH) and Perenco Cameroon (Perenco) for the development of a floating liquefied natural gas (FLNG) export project in Cameroon, agreement has now been reached with the support of the Boards of both Golar and Perenco on the material commercial terms and.... Read more »

Posted on : Monday , 6th July 2015

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