Market News Page No. 581| Africa Business News | Afrotrade

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Kenya looks into establishing oil and gas industrial parks

As East Africa potential to become a major global oil and gas producer continues to attract international investors Kenya is already looking into establishing Oil and Gas Industrial Parks and Support Bases. According to a presentation by the National oil corporation’s managing director Sumayya Athmani during the stakeholder forum for oil and gas in June the plans that are an infancy stage include a supply base to support offshore.... Read more »

Posted on : Tuesday , 26th August 2014

Smaller firms will lead East Africa's oil and gas development

* East Africa's huge gas reserves a big lure; proximity to Asia attractive * Smaller explorers set to kick start development * Majors cut investments as margins squeezed Smaller oil explorers willing to take financial and operational risks will lead the development of East Africa's oil and gas industry as majors ditch riskier projects as margins fall, executives from several oil and gas firms said on.... Read more »

Posted on : Tuesday , 26th August 2014

Nine Energy Transmission Projects worth US$4bn Identified in Southern Africa

Nine energy transmission projects valued at above US$4bn have been identified in the Southern Africa region for promotion and marketing. These nine projects are in different stages of development according to the report released in the 34th Summit of SADC in Victoria Falls in Zimbabwe. The projects include the Flagship ZizaBona interconnector project which will be implemented by Zambia, Botswana, Zimbabwe and Namibia. There is also the Central.... Read more »

Posted on : Monday , 25th August 2014

Arab Contractors to implement $27m new road projects in Egypt

Arab Contractors Company (AC), a leading construction firm has been awarded a tender worth $27M to implement construction of 400km roads stretch in Egypt. In a statement sent to the media by Arab Contractors Company (AC) and signed by the board of Directors Eng. Mohsen Salah, the company is still negotiating to obtain an extra 200 km so that the targeted length of implementing the projects for the first phase will be up to 600 Km. The.... Read more »

Posted on : Monday , 25th August 2014

Tanzania: Stable Energy Supply Pillar for Growth

SUPPRESSED electricity demand in the country can be resolved by ensuring that there is additional generation capacity using acceptable technologies and fuel which is naturally available to Tanzanians. This was said by Mr Harbinder Singh Sethi, the Executive Chairman of Independent Power Tanzania Limited (IPTL) a subsidiary of Pan African Power Solutions (PAP) during a media tour at the Company's power plant in Tegeta area.... Read more »

Posted on : Monday , 25th August 2014

Tanzania: Kinyerezi Power Plant Ready Soon

Kilwa — KINYEREZI One power processing plant is expected to go on trial by the end of this year to generate and supply power from natural gas under the transportation pipeline project. Briefing the Permanent Secretary in the Ministry of Energy and Minerals, who is on a pipeline project visit, the project Manager, Engineer Simon Ngilima said that they are also expected to distribute the gas to commercial consumers as.... Read more »

Posted on : Monday , 25th August 2014

Kenya: One Million Kenyans to Be Connected to Power This Year

Nairobi — The Government has said that one million people will be connected to the national power grid by the end of this financial year in its plan to connect over 70 percent of the population by 2017. In the last financial year, over 400,000 customers were connected to the power line. The initiative will be implemented under a programme dubbed 'The last mile'. Principal Secretary in the Ministry.... Read more »

Posted on : Monday , 25th August 2014

Tanzania: Sh56 Billion Bridge, Power Project Launched in Morogoro

PRESIDENT Jakaya Kikwete kicked off his seven-day official tour of Morogoro Region on Wednesday by laying the foundation stone for the construction of the much-hyped 56bn/- Kilombero Bridge project as well as launching a mega rural electric power distribution project. The bridge will help connect and ease transportation networks between Ulanga and Kilombero districts in the region. The project, which is being implemented.... Read more »

Posted on : Monday , 25th August 2014

Tanzania:Tanzania to Concentrate on Development of Geothermal Energy

THE Vice-President Dr Mohamed Gharib Bilal earlier last week challenged geo-scientists in Tanzania to devise strategies to ensure effective exploitation of geo-thermal energy to help solve a rapidly expanding power crisis and speed up socio-economic development. The VP who was opening the Third Young Earth Scientists Congress in Dar es Salaam noted that the country was endowed with 4,000mw geo-thermal potential which is.... Read more »

Posted on : Monday , 25th August 2014

City Lodge to construct a $23m 3-star hotel Nairobi, Kenya

City Lodge Hotel Group has made plans to set up a US $23m 3-star hotel in Kenya at the Runda Estate. Construction works are expected to start in January 2015 and is to be ready by October 2016. This will be the first time the Group is developing a green-field hotel in East Africa. The $23m three star hotel will be made up of 177 rooms and will be housed on the Two Rivers Shopping Mall being put up by Centum. The development is located.... Read more »

Posted on : Monday , 25th August 2014

Japanese Government to fund an irrigation scheme in Rwanda

The Governmnet of Rwanda has received a US$15m grant from the Japanese Government to fund an irrigation scheme in Ngoma District, Rwanda, which will be implemented by the Japanese International Cooperation Agency (JICA). The funds will be used for the construction of dams, 900,000 meter cubes water reservoir, regulating tanks, irrigation canals, bridges, and a solar power unit. It will also provide solar panels, pump facilities and help.... Read more »

Posted on : Monday , 25th August 2014

Construction of the Standard Gauge Railway in Kenya

87 construction teams have arrived in Kenya from China to ensure the construction of the Standard Gauge railway in Kenya begins September this year. Also included from the China is 2000 pieces of equipment in readiness of the start of the project. This was revealed on Monday this week in a meeting between President of Kenya Uhuru Kenyatta and Wen Gang, the Assistant President of China Communication Company. China Communications and.... Read more »

Posted on : Monday , 25th August 2014

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