Market News Page No. 485| Africa Business News

Ackermans energy saving scheme a success

ACKERMANS, the South African-headquartered multinational retailer, is reveling in the success of its multi-million Rand project to reduce its energy footprint. In 2013, the organisation, in partnership with UGU Engineering Solutions, embarked on Project Save Watts (SWATTS) at cost of R33,4 million and received a R15 million rebate from Eskom, the power utility. The main aim of the project was to reduce the energy footprint of the business.... Read more »

Posted on : Monday , 3rd August 2015

Major partnership enhances power provision in Kenya

GENERAL Electric has announced a partnership with Kipeto Energy Limited to build a new wind farm in Kenya’s Kajiado County. The local power deal caps off a successful run of more than $2,5 billion in booked orders on the Africa continent across transport, aviation, healthcare and energy sectors. The Kipeto project, announced during United States President Barack Obama’s visit to Kenya, is expected to make a significant.... Read more »

Posted on : Monday , 3rd August 2015

Africa construction sector set for a positive change

Zambia’s National Council of Construction (NCC) issued 3,861 certificates to construction companies between 2014 and 2015, and authorities have said the number of registered companies will rise by the end of the year construction-SarahOwermohle-flickrThe number of certificates issued to construction companies is set to rise by the end of the year in Zambia. NCC board chairperson in Zambia Patrick Kampengele said that out of the.... Read more »

Posted on : Monday , 3rd August 2015

Kenya: Investing towards better infrastructure

Kitui county government says it will spend Sh750 million to rehabilitate the shrinking pre-independence Matinga dam in Kitui west sub-county. Kitui Governor Julius Malombe says reckless human activity is the cause of the dying water source for almost 200,000 residents. He has expressed concern that heavy siltation has left the dam, which was scooped for the first time in 1955, without water. He lamented that cultivation.... Read more »

Posted on : Monday , 3rd August 2015

East Africa to explore more mining options, and develop trade expansion

Rwanda has signed mining contracts with six mining companies to exploit 10 mining concessions that could potentially bring about profits to the tune of US$45mn over the next five years stripmine-tomdef-sxchuThe six companies will mine tantalum, tin and tungsten ores. The concessions are in the western part of Rwanda and will bring in investments of about around US$9mn, stated a Reuters report. Of the six companies awarded.... Read more »

Posted on : Saturday , 1st August 2015

Governors to Get a Seat in Minerals Board

A representative of the Council of Governors will sit at the Mineral Rights Board after a Senate committee introduced changes to the Mining Bill set to be debated Thursday.Senate needs to pass the Bill to beat the August 27, deadline of publishing the Mining Bill, which will have a huge impact on the mining sector. Introduction of membership from governors is seen as a key strategy to mediate conflicts arising from confrontations between.... Read more »

Posted on : Friday , 31st July 2015

Danakali�s Pilot Plant Testing on Schedule for Colluli Potash

Danakali, formally South Boulder Mines, has continued to tick off the milestones during the June quarter as it advances the Colluli Potash Project.The project which is located in the Danakil region of Eritrea, East Africa, and is a 50/50 project is a joint venture between the Eritrean National Mining Company (ENAMCO).The Danakil region is an emerging potash province, and one of the largest unexploited potash basins in the world. To date over 6.... Read more »

Posted on : Friday , 31st July 2015

Construction of Kipeto wind farm to supply Kenya power

Kenya Power has signed an agreement with Kipeto Power that will see the generation of electricity in Oldonyo Narok, Kajiado. The construction of Kipeto wind farm to supply Kenya power with 100MW will greatly boost Kenya’s supply. Kipeto has successfully received US$ 233m financing from the Overseas Private Investment Corporation (OPIC) which is the development fund of the United States government, for the wind.... Read more »

Posted on : Friday , 31st July 2015

Base resources achieves a 9% increase in production

Base Resources Limited has released its quarterly operational update for the Kwale mineral sands operations located in Kenya. With consistently high availabilities and increased throughput in both the wet concentrator plant and mineral separation plant, the Company remains focused on driving product recoveries and increasing throughput opportunities. The Company reported a 9% increase in production of final products.... Read more »

Posted on : Thursday , 30th July 2015

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