Market News Page No. 545| Africa Business News | Afrotrade

Afrotrade - Foreign Products & Machinery Catalogue for African Buyers

N e w s

Eni and Sonangol sign deal to develop gas in Angola

Angola-based Sonangol and Italy’s Eni have signed a cooperation agreement to develop gas resources in the southern African country According to the agreement, Eni and Sonangol will set up a joint team to study the potential of gas present in the Lower Congo Basin located offshore Angola. The joint team will then analyse the different gas valorisation options in both the international and the domestic market where.... Read more »

Posted on : Friday , 21st November 2014

TDW s SmartPlug aids safe execution of gas valve upgrade project offshore

Pipeline services specialist T.D. Williamson (TDW) has recently completed a gas valve upgrade project on a deepwater gas export pipeline offshore New Orleans in Gulf of Mexico with its SmartPlug tool TDW used its remote-controlled SmartPlug to isolate pressure in specific sections of pipelines and risers so that repairs or interventions can be carried out safely. Initially in 2012, TDW was required to isolate a 16-inch gas riser.... Read more »

Posted on : Friday , 21st November 2014

Tullow to commence drilling onshore Kenyan basin

UK-based oil and gas exploration firm Tullow has announced that it will start drilling for oil in the North Turkana Basin, located onshore Kenya TulloowTullow has also started to work on a series of basin opening wildcat wells in Kenya. The company said that the result from the basin-testing well will be made public early 2015. In addition to the drilling activities, the firm expects to drill five more exploration wells across its.... Read more »

Posted on : Friday , 21st November 2014

Dangote to invest in manufactuaring plant in Tanzania

Aliko Dangote is planning to invest in developing Mbinga coal mine in the southwest of Tanzania. This was disclosed during a meeting between Dangote and Tanzania’s Vice President Mohammed Gharib Bilal at the Africa Global Business Forum in Dubai. Dangote is expecting that the coal from the mine will be used to power Mtwara Cement plant, located in the same region in the country. The amount of investment for the new coal.... Read more »

Posted on : Friday , 21st November 2014

AVIC International to set up headquarters in Nairobi-Kenya at US$ 200m

AVIC International Holding Corporation has made public their intent to establish their African headquarters in Nairobi, Kenya. The project will be undertaken at a cost of US$ 200m. The building will be set up on a 2,500 square meters piece of land and will include commercial units, a hotel, residential units and offices. The time frame set for the project to be complete is five years and it is expected to create 2000 jobs during the.... Read more »

Posted on : Friday , 21st November 2014

Tanzania to undertake construction of mining and smelting plants

Tanzania is planning to start local commercial production of iron ore and steel by construction of related smelting plants. The National Development Corporation (NDC) has said that the country is also expecting to produce 1.1 million metric tones per year, with the first batch export expected in four years’ time. Construction of the iron ore mining and smelting plants at Liganga is expected to start off early next year, while they.... Read more »

Posted on : Friday , 21st November 2014

Tanzania to construct a new extraction plant at US$ 4bn

A new soda ash extraction plant will be constructed at Engaruka basin in the North of Tanzania. Construction of the new soda ash plant, which will have a targeted production of one million tons of soda ash per year, will start end of this year. National Development’s Corporation acting managing director Mlingi Mkucha has said that the government is looking for strategic partner for the project. Construction of the new soda ash.... Read more »

Posted on : Friday , 21st November 2014

GGBL sets up manufacturing unit facility East Africa

According to the Africa Web, the equipment known as the Cube, is valued at US$4.2mn. The plant is currently producing Gilbey’s Gin, which was launched in Accra last month. The facility’s production manager Michael Akman said the new plant would give GGBL an opportunity to expand its operations and introduce a variety of premium brands to the African market. GGBL corporate relations director Preba Greenstreet said,.... Read more »

Posted on : Friday , 21st November 2014

South Africa s Scaw Metals to open US$40 million grinding plant in East Africa

According to the Ghana Herald, the plant is expected to become fully operational in 18 months. It will have the capacity to grind 50,000 metric tonnes of metals per annum. Scaw Metals produces chrome forged grinding media that are used in gold and copper industries. The company set up its regional sales office in Tema in 2011, which serves as its hub in West Africa. Scaw Metals chief executive officer Markus Hannemann said,.... Read more »

Posted on : Thursday , 20th November 2014

Unilever to build a US$90 million factory in Africa

The new factory has been scheduled to start production by 2014, incorporating Unilever’s latest manufacturing technologies. It will produce products from some of the company’s popular brand ranges including, Omo, Skip, Handy Andy, Domestos bleach, Comfort and Sunlight. Up until now, the products were partially made in South Africa and partially imported, but once the new factory became operational, the products will be fully.... Read more »

Posted on : Thursday , 20th November 2014

Kenya: Vivo Launches New Manufacturers' Fuel Oil

Nairobi — Vivo Energy Kenya, the company that distributes and markets Shell-branded fuels and lubricants, has launched a new fuel oil for manufacturers who use boilers in their operations. The new fuel oil, which will be known as Shell FuelOil Plus is aimed at enabling manufacturers improve their boiler efficiency, lower their plant running and maintenance costs as well as lower their impact on the environment due to lower.... Read more »

Posted on : Thursday , 20th November 2014

Kenya Power Gets $190m Loan To Boost Local Energy Supply

Kenya Power and Lighting Company (KPLC) has secured a $190 million loan from Standard Chartered Bank to boost production as it seeks to meet the power demands of East Africa’s largest economy. The loan will be used to upgrade the company’s transmission network to support the country’s ageing grid. “Kenya Power will use the funds to make huge investments in acquisition of additional transformers and.... Read more »

Posted on : Thursday , 20th November 2014

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