Market News Page No. 484| Africa Business News | Afrotrade

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Gold Deliveries Up 50 Percent - Chidhakwa

Gold deliveries have increased by an average of 50% this year due to the plugging of leakages of the precious mineral, with focus now on improving the supply side for small scale gold miners, Mines minister Walter Chidhakwa has said. Mineral leakages have cost the country billions of dollars in lost revenue, reducing official gold sales from 27 tonnes in 1999 to the current average of 12 tonnes per year. In an interview.... Read more »

Posted on : Saturday , 18th July 2015

Natural Gas Distribution Reaches Marracuene

Marracuene — Mozambique's National Hydrocarbon Company (ENH) on Wednesday connected its natural gas pipeline to its first client in Marracuene district, north of Maputo. The client is the factory Favos de Mocambique, which makes egg cartons. From this factory, the distribution of gas will be extended to shops, hospitals, hotels and restaurants in Marracuene. The Wednesday ceremony marked the conclusion of the Maputo and.... Read more »

Posted on : Saturday , 18th July 2015

Kenya: KPC Secure Sh35 Billion for New Mombasa-Nairobi Pipeline

Kenya Pipeline Company has secured a $350million (Sh35.6 billion) loan to finance the construction of a new 450-kilometre oil pipeline from Mombasa to Nairobi. The state owned oil distributor will upgrade to a 20 inch ultra-modern multi-product oil pipeline to replace the more than 30 year old - 14 inch pipeline currently in use. Speaking during the loan signing with a consortium of six banks, KPC acting managing director Flora.... Read more »

Posted on : Saturday , 18th July 2015

Uganda Begins to Archive Its Oil History

The dream of seeing the first drop of oil may be still far away. But like a father excited about their first born recording every little detail of the child, Uganda has moved to archive and document its oil and gas progress. The country recently revamped its oil and gas section in the Uganda Museum. The section, which was made possible with funding from the three major oil companies, Total E&P, Tullow and CNOOC, is to serve.... Read more »

Posted on : Saturday , 18th July 2015

Kenya Power Deploys SAP Solution to Enhance Procurement Processes

Kenya Power has announced the successful deployment of the latest SAP Business Suite to enhance efficiency of local procurement processes. Kenya Power currently spends most of its procurement budget on foreign sourced supplies, but now aims to support local industry by promoting local suppliers of key materials. The system is thus set up in accordance with government guidelines that 40 percent of the budgets of all state.... Read more »

Posted on : Saturday , 18th July 2015

Top 3 opportunities and drivers in Africa�s construction industry

Africa is growing and more opportunities are coming up for the construction related investors who are looking into the bigger picture. As the growth of the continent’s economy increases there are key factors that are contributing to this robust case: rapid urbanization, strong current and projected economic growth, a rising middle class, regional integration and strengthened democracy, transparency, accountability and governance in.... Read more »

Posted on : Saturday , 18th July 2015

Dangote Group set to deliver the second cement plant in Africa

Dangote Group set to deliver the second cement plant in Cameroon. The plant will have the capacity to produce of 1.5million metric tonnes of cement a year. Not so long ago, the group commissioned its first cement plant in Douala with an equal capacity production of 1.5million tonnes per year. Aliko Dangote, the Dangote group owner, held a meeting with Philemon Yang the Cameroon’s Prime Minister in Yaounde, where he revealed.... Read more »

Posted on : Saturday , 18th July 2015

Rosneft to supply EGAS with LNG

The oil major, which has no facilities to liquefy natural gas, will send at least 3.5 million tons of LNG to the Egyptian Natural Gas Holding Company. 24 cargoes will be supplied over a two-year period. Russian oil major Rosneft plans to source and export liquefied natural gas (LNG) to Egypt. The company, which has no facilities to liquefy natural gas, will send at least 3.5 million tons of LNG to the Egyptian Natural Gas Holding Company.... Read more »

Posted on : Friday , 17th July 2015

KPC secure Sh35 billion for new Mombasa-Nairobi pipeline

KENYA Pipeline Company has secured a $350million (Sh35.6 billion) loan to finance the construction of a new 450-kilometre oil pipeline from Mombasa to Nairobi. The state owned oil distributor will upgrade to a 20 inch ultra-modern multi-product oil pipeline to replace the more than 30 year old - 14 inch pipeline currently in use. Speaking during the loan signing with a consortium of six banks, KPC acting managing director.... Read more »

Posted on : Friday , 17th July 2015

Chryso Southern Africa Group expands office to Nairobi

Chryso Southern Africa Group which is a leading manufacturer of chemicals used in the construction industry is set to erect a factory in Kenya as from 2016. At the moment, it has opened an office in Nairobi so as to expand its services in the East African region. “Servicing customer needs is our primary driver and the establishment of Chryso Eastern Africa further underlines our strategy to further expand our footprint in.... Read more »

Posted on : Friday , 17th July 2015

America's Powerhive to become Kenya�s first licensed private power utility

Powerhive East Africa which is an American energy technology venture is yet to become Kenya’s first licensed private utility to sell power to the public, leading to and end of a half-century monopoly by Kenya Power electricity firm. In the beginning of this year, the government granted the company with the authorization to supply electricity to rural homes. For over two years now, Powerhive has been running pilot schemes in.... Read more »

Posted on : Friday , 17th July 2015

Top 4 reasons to venture into Africa construction industry

Africa: When one first pronounces Africa what comes in every mind is the rich resources and development rate that has been recorded in the recent times much of it due to Africa construction activity Currently the continent has attracted various investors from all over the world because no doubt the continent is growing at a quick rate and it has low debt levels and a youthful population that is more focused. The African equity exchange-traded.... Read more »

Posted on : Thursday , 16th July 2015

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