N e w s

ORCA EXPLORATION RECEIVES $60 MILLION FINANCING FOR THE SONGO SONGO DEVELOPMENT PROGRAMME

 Orca Exploration has announced that it is proceeding with the first phase of the Songo Songo development programme following World Bank board approval of the International Finance Corporation financing.   Through its operating subsidiary, PanAfrican Energy Tanzania Limited the World Bank board approved an investment of $60 million by IFC currently contemplated as a subordinated, income participating loan with flexible repayment.... Read more »

Posted on : Tuesday , 16th June 2015

Tanzania Pipeline and Processing Plant Near Completion

Speaking to parliament Tanzania’s Minister of Energy and Minerals, George Simbachawenen, revealed that the country’s 532-km pipeline connecting offshore natural gas fields to the country’s commercial capital Dar es Salaam will be ready for commissioning in September. He said gas processing plants currently under construction will be ready at that time also. The pipeline and the processing plants are financed by a.... Read more »

Posted on : Thursday , 11th June 2015

Kinana encourages more cross-border coffee exports

CCM has encouraged coffee farmers to seek good prices of the crop from the neighbouring countries particularly Uganda where buyers are ready to offer 5,000/- per kg.   That offer looks very attractive than 2,000/- offered by the Cooperative Unions locally with Mr Kinana pleading for the authorities to let farmers persue reliable markets for the crop.   Mr Kinana made the remark after farmers complained that some government.... Read more »

Posted on : Wednesday , 10th June 2015

African Development Bank To Grant USD 70.5 Million To Tanzania Energy Sector

 The Board of Directors of the African Development Bank (AFDB) approved to grant USD 70.5 Million to finance the Tanzania Power Sector Reform and Governance Support Programme (PSRGSP).   The objective of the operation is to promote inclusive growth and enhanced economic competitiveness through power sector, economic and financial governance reforms.   PSRGSP will boost efforts to implement energy sector and related PFM.... Read more »

Posted on : Tuesday , 9th June 2015

TANZANIA’S INCREASES RECOVERABLE NATURAL GAS RESOURCES TO 55TCF

Tanzania has increased its estimated recoverable gas resources to 55.08 trillion cubic feet from the 53.2tcf estimate in October according to the country’s energy and minerals minister George Simbachawene.   The 18 percent increase follows discoveries by Statoil, BG Group, Ophir Energy and Exxon Mobil since June 2014 when resources were estimated to be 46.5 Tcf.   Since June Statoil has announced discoveries at the Piri.... Read more »

Posted on : Monday , 8th June 2015

US$ 7.6bn standard gauge railway for Tanzania

 Tanzania in conjunction with a Chinese company is set to construct a 2,561 km standard gauge railway at a cost of US$ 7.6bn. The railway line will connect the Dar es Salaam port to land-locked countries and hence enhance the economy of the country.   A Chinese consortium led by China Railway Materials (CRM) has been selected to undertake the construction of the project; this was confirmed by the Tanzanian Minister for Transport,.... Read more »

Posted on : Thursday , 4th June 2015

GE chases $10bn African target

 GENERAL Electric (GE) is seeking to more than double revenue from Africa to as much as $10bn over the next five years as it targets power, health and locomotive opportunities in countries including Nigeria and Ethiopia.   "We’re bullish on Nigeria," GE’s president for transportation for Africa and CEO of its South African business, Thomas Konditi, said on Wednesday. "We met with a couple of the incoming.... Read more »

Posted on : Thursday , 4th June 2015

EAC MEMBER STATES SHOULD INVEST IN AGRICULTURE FOR STRONGER ECONOMY

 Agriculture accounts for 30% of the gross domestic product (GDP) of EA and it employs over 60% of the population of East Africa. In East Africa, it is reported to have annual value of $50b and this represents a 75% of the Agricultural products being traded from the commodities like maize, rice, potatoes, cassava, beans, wheat among others.   Agricultural performance is critically important to pro-poor growth since it employs over.... Read more »

Posted on : Wednesday , 3rd June 2015

Bowleven commences drilling operations on Zingana exploration well

 Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce that drilling operations have commenced on the Zingana exploration well on the Bomono Permit, onshore Cameroon. The Zingana well is the first of two wells in the 2015 exploration programme. Zingana is located 20 kilometres north-west of Douala and will target a Paleocene (Tertiary) aged threeway dip closed fault block that was partially.... Read more »

Posted on : Wednesday , 3rd June 2015

Stamico To Sign Tin Trade Agreement With Dar Gold DMCC Ltd Dubai

    Kyerwa Tin Company Ltd., a subsidiary of Tanzania State Mining Corporation (Stamico) and Dar Gold DMCC Ltd of Dubai signed a tin mining trade agreement to uplift small scale tin mining industry of Kyerwa district.   The agreement was signed recently in Dar Es Salaam by the Acting Managing Director of Stamico Mr. Edwin Ngonyani.   Stamico’s goal is to improve the livelihoods of small-scale miners.   Mr..... Read more »

Posted on : Wednesday , 3rd June 2015

INDIA: Honda begins Jazz exports to South Africa

Honda Cars India has started exporting its small Jazz [Fit in some markets] to South Africa from its plant in Rajasthan where it increasing production of the model from 120,000 to 180,000 units a year. Senior vice-president for sales and marketing, Jananeswar Sen, said exports to South Africa from the Tapukara factory had already started. The third generation Jazz goes into production there in July. Tapukara also produces the mid size City.... Read more »

Posted on : Wednesday , 3rd June 2015

Enel Green Power announces start of construction on an 82.5 MW PV plant in South Africa

Enel Green Power (EGP, Rome, Italy) has begun construction of the Pulida solar photovoltaic (PV) plant, which is located in the Free State Province in South Africa. The PV project will have a total installed capacity of 82.5 MW and once fully operational will be able to generate more than 150 GWh of solar power annually, equivalent to the annual consumption needs of around 48,000 South African households. Solar power generated by Pulida.... Read more »

Posted on : Wednesday , 3rd June 2015



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