Market News Page No. 538| Africa Business News

PPC to set up plant in Africa

The company revealed the information last week without giving out the details of how much the project would be worth. A senior executive of PPC was quoted in African business daily Business Day last year as saying that the company would spend US$200mn on a cement factory in Zimbabwe. The new factory in Zimbabwe, where PPC already runs two plants, will serve markets in the capital Harare and central Mozambique. PPC has also.... Read more »

Posted on : Wednesday , 19th November 2014

General Electric to build manufacturing unit in Africa

The decision to build the manufacturing unit follows the conclusion of GE’s agreement with the Nigerian government in January 2013. Calabar Free Trade Zone general manager Sadiq Kasim said, “Work on the site of GE’s engineering manufacturing plant will commence as soon as other formalities are adressed. We have given them land and very soon their engineers will mobilise to site and start work. They will be committing.... Read more »

Posted on : Wednesday , 19th November 2014

P&G to invest US$170 million in Africa

The plant, which is expected to create more than 500 jobs, will manufacture products like detergents and hygiene goods for local and export markets. Construction of the new plant will start in 2014, while production will commence in 2016 or early 2017. According to Procter & Gamble global business unit vice-president, Dimitri Panayotopoulos, the group will consider tapping into the developing markets in Africa by expanding to other.... Read more »

Posted on : Wednesday , 19th November 2014

Indorama to build fertiliser plant in Africa

Indorama management declared that all plans have been concluded towards the setting up of the plant, which will be Africa’s largest fertiliser unit. According to managing director Manish Mundra, the project was part of the company’s effort towards making Nigeria the largest petrochemical location in Africa by the year 2017. Mundra also said that Chinese company Toyo Engineering would handle the project and get its feed stock.... Read more »

Posted on : Wednesday , 19th November 2014

Raising Awareness of Energy Efficient Light Bulbs Pays off in Rwanda

In Rwanda, one of the most densely populated of the least-developed countries in Africa, 45 percent of the population lives in poverty and communities face acute electricity shortages. Here, every watt of electricity counts. In 2009, only 6 percent of Rwanda’s population had access to electricity. The majority of households were either living without lights or using kerosene lamps or batteries. In an effort to.... Read more »

Posted on : Wednesday , 19th November 2014

Cash withdrawals powered by Solar in SA

ATM Solutions claims to be the first to have developed solar powered ATM’s installed across Mpumalanga, South Africa, Business Tech reported. With the looming power crisis in South Africa, the design was to provide solutions for bank customers needing to use an ATM during a power cut. The ATM has installed solar panels which harness the sun and store in a battery until needed. The solar powered battery will kick in when the usual.... Read more »

Posted on : Wednesday , 19th November 2014

22 million Euros �Prepaid Energy project to illuminate Rwanda

The Rwamagana District welcomed minstrels and local authorities for the official launch of the ‘Prepaid Energy’ project, The New Times reported. The project was implemented to provide many households in the Eastern Province with sufficient and reliable power. The initiative was funded by the European Union (EU), the Government of Rwanda and Mobisol, a local solar power firm who formed a partnership to promote access to clean energy.... Read more »

Posted on : Wednesday , 19th November 2014

UNEP Forum Urges Accelerated Transition to Energy Efficient Lighting

The UN Environment Programme (UNEP) en.lighten initiative has convened the Global Efficient Lighting Forum, which focused on accelerating the global phase-in of energy-efficient lighting products. The forum brought together representatives from electrical utilities, lighting manufacturers, development banks, financial institutions and international agencies to reaffirm their commitment to mitigate climate change by transitioning to.... Read more »

Posted on : Monday , 24th November 2014

SolarWorks! Releases New Solar Kit Lithium

SolarWorks! newest product, the Solar Kit Lithium,was recently tested, and met the Lighting Global Quality Standards.This portable solar light offers three brightness levels and a USB cable with connectors for charging up to 10 different mobile phones or other devices. The Solar Kit Lithium provides over 7 hours of bright light after a single day of solar charging,or can last for over 40 hours on the lowest.... Read more »

Posted on : Wednesday , 19th November 2014

Nigeria: Experts Call for Gas Revolution to Diversify Economy

Changing the paradigm of continuous gas flaring which has ranked Nigeria as the second largest Gas flaring nation after Russia and Iraq to a country that earns more revenue from gas that surpasses income generated from oil production, was part of the resolution of experts and participants across Nigeria ,Africa and Europe who attended the 32nd edition of National Association of Petroleum Explorationists (NAPE ) held in Lagos over the week.... Read more »

Posted on : Wednesday , 19th November 2014

Toyota Tshusho named oil pipeline lead consultant

Toyota Tshusho Engineering Corporation will design and carry out a feasibility study for the construction of a crude pipeline between Hoima to the Kenyan coast after the company won the tender. The company that signed the contract last week in Kampala submitted a design that would see the crude oil pipeline follow the Hoima-Lokichar-Lamu route in a project estimated to cost $4 billion. Toyota Tshusho beat other companies.... Read more »

Posted on : Wednesday , 19th November 2014

Elevator Manufacturer Kone acquires Marryat dealers in East Africa

Elevator manufacturer Kone has acquired Marryat & Scott (Kenya) and Marryats East Africa, in a deal that would see the company grow its grip in Kenya, Tanzania, Rwanda and Uganda. Kone’s executive vice-president for West and South Europe and Africa, Pierre Liautaud, has said that there are new housing and infrastructure projects that have emerged in Africa due to the region’s rapid urbanization and which are creating business.... Read more »

Posted on : Tuesday , 18th November 2014