N e w s

Egypt to buy majority oil product imports from UAE

 Egyptian General Petroleum Corporation (EGPC) will buy 65 per cent of its oil product imports from the UAE’s ADNOC for a year According to a statement form the Oil Ministry of Egypt, the agreement between EGPC and ADNOC covers gasoline, diesel, heavy fuel and LPG. However, the agreement value was not disclosed. The statement also added that the deal was approved to meet the country’s urgent oil requirements, as Egypt imports.... Read more »

Posted on : Wednesday , 24th September 2014

Mtwara Port in Tanzania set for a major upgrade

 The discovery of oil and gas in the Mtwara and Lindi regions in Tanzania is the main reason for the upgrade process Mtwara port is to undergo. The two regions have the largest share of the 43 trillion cubic feet of natural gas discovered in Tanzania.   Mtwara port manager, Musiba Fikili, said that the port management will undertake two major steps in order to deal with the rise in number of cargo the port handles annually. The.... Read more »

Posted on : Wednesday , 24th September 2014

World Bank Offers Airtel $3m To Boost Financial Inclusion In Rural Uganda

Financial Inclusion has become a major theme of the ongoing 21st century as governments and international organizations have realized its importance and its potential to boost economic development; it is with this understanding that the International Finance Corporation (IFC) of the World Bank has struck a $3.9 million advisory services agreement with Airtel Uganda. The deal is to last for three years and help Airtel Uganda in boosting its.... Read more »

Posted on : Wednesday , 24th September 2014

Mtwara Port in Tanzania set for a major upgrade

 The discovery of oil and gas in the Mtwara and Lindi regions in Tanzania is the main reason for the upgrade process Mtwara port is to undergo. The two regions have the largest share of the 43 trillion cubic feet of natural gas discovered in Tanzania.   Mtwara port manager, Musiba Fikili, said that the port management will undertake two major steps in order to deal with the rise in number of cargo the port handles annually. The.... Read more »

Posted on : Wednesday , 24th September 2014

Italian firm to develop two solar plants in South Africa

 Italian energy company TerniEnergia has signed a deal with an unnamed utility firm to develop two solar plants in South Africa for US$197.3mn The two plants will have a combined installed capacity of 148.5MW, the company said in a statement. The first 82.5MW plant would be installed in Paleisheuwel, Western Cape, while the second 66MW plant would be built at Tom Burke. According to the agreement, the Italian company’s subsidiary.... Read more »

Posted on : Monday , 22nd September 2014

China to transfer renewable energy technology to Africa

 China to work on a US$2.7mn project with Ghana to transfer renewable energy technology to the African nation Officials from the the Chinese and Ghanian governments consolidated the partnership, according to a report from the United Nations Development Programme (UNDP). Entitled ’China-Ghana-South-South Cooperation on Renewable Energy Technology Transfer’, the alliance marks the objective of the Chinese government to transfer.... Read more »

Posted on : Monday , 22nd September 2014

Over US$ 1bn worth wind power plants to be completed in Egypt within 3 years

 A network of wind power farms, with 600-megawatts will be set up in Egypt in three years. This is according to Egyptian Vice President Wael Hamdy. El Sewedy Electric, which is the company planning to build the farms, will start on measuring wind speeds, assessing key environments and carrying out topographic studies in relation to the wind power plants project.   Elsewedy Electric was named on July as the winner of the state tender.... Read more »

Posted on : Monday , 22nd September 2014

Egypt to tender for 8Gw power generation projects

    Egypt is planning to offer two tenders for projects that will see it add 8GW of coal power, wind and solar, according to Minister of Investment Ashraf Salman. The Minister said last week that two coal power plants will be constructed in the 2014/2015 fiscal year (as part of the overall plan), and will help the country meet the growing need for electricity.   A power generation project relating to generating 4Gw of power.... Read more »

Posted on : Monday , 22nd September 2014

Zimbabwe to Get 1200MW Thermal Power Station

    A 1200 MW thermal power station and a coal mine are set to be constructed in Western Zimbabwe, after three firms from China came up with the proposal. These projects will help cut down on power shortages in a country where only 1100MW of power is being produced at the moment. This is just half of what consumers really need.   The three companies under the thermal power station deal are Shanghai Electric, Shenergy Co Ltd.... Read more »

Posted on : Monday , 22nd September 2014

Power sector investment ll hit $20bn in 2017 —NERC

    Investment in electricity will average $20bn per annum in 2017, the Chief Executive Officer, Nigerian Electricity Regulatory Commission, Mr. Sam Amadi, has said. Amadi spoke at a seminar tagged, ‘Dividends of Privatisation of the Nigerian Power Sector’, organised by the financial services group of the Lagos Chamber of Commerce and Industry. Amadi, who was represented by the Head of NERC South West, Zonal Office, Mr..... Read more »

Posted on : Friday , 19th September 2014

Kenya oil resources to almost double with more drilling

 Kenya expects its estimate of oil resources to almost double to 1 Bbbl as well-drilling climbs and the government forges ahead with plans to build an export pipeline, an energy ministry official said. Tullow Oil Plc. and its partner Africa Oil Corp. have discovered an estimated 600 MMbbl of oil in the South Lokichar basin since announcing the country’s first crude find in March 2012. The discovery has spurred the East African nation.... Read more »

Posted on : Friday , 19th September 2014

US$ 331m to be spent on road network expansion in Ethiopia

      The Addis Ababa City Roads Authority (AACRA) has set aside US$331m for roads in the Addis Ababa city, Ethiopia. The city of Addis Ababa presently has a road network covering 4671km, which is expected to be increased to 5275km.   The project seeks to add 600km of road to the city’s road network. The Akaki Kaliti-Tulu Dimtu road will also be expanded, and reconstruction of the Akaki Bridge as part of this.... Read more »

Posted on : Friday , 19th September 2014



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