Market News Page No. 586| Africa Business News | Afrotrade

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Kenya: What Kenya Has Lined Up in Race for U.S. Investments

Kenya is in a good position to wrestle a significant share of the billions of dollars promised during the recent US-Africa Summit in renewed investment plans as a major hub in East Africa. However, its neighbour Ethiopia and West Africa's Nigeria and Ghana are seen as Kenya's main competitors in drawing the investments from US companies and government. President Barrack Obama gave the clearest indication two weeks ago that the.... Read more »

Posted on : Tuesday , 19th August 2014

Kenya: Sh2.8 Million Banana Project for Ungunja Farmers

Farmers in Unguja will benefit from a Sh2.8 million programme that seeks to enhance production of bananas and sweet potatoes in the subcounty. Ugunja Community Resource Centre has initiated the programme. The centre's chief executive officer Aggrey Omondi said the programme will benefit 4,075 farmers. Omondi was speaking on Thursday at Savannah Hotel in Ugunja during the launch of the programme. He said the pilot project will.... Read more »

Posted on : Tuesday , 19th August 2014

Angola produced 1.7 million barrels of oil per day in July

Angola produced 1.7 million barrels of oil per day last July, Petroleum Minister José Maria Botelho de Vasconcelos announced on Wednesday in Luanda. The production figure shows a growing tendency toward achieving the production target of 2 million barrels of oil per day in 2015, Botelho de Vasconcelos said during a seminar on dispersants and on-site burning. Cited by Angop news agency, he specified that more than 99 percent of.... Read more »

Posted on : Tuesday , 19th August 2014

Kenya: American Firms Told to Bid for Energy Projects

American companies should compete to develop power projects if Kenya is to get a bigger chunk of funds under Power Africa, according to Energy and Petroleum Cabinet Secretary Davis Chirchir. Power Africa is an initiative by the American government to help double access to electricity in Africa countries. It is initially focusing on six countries including Kenya, Tanzania, Ethiopia, Nigeria, Ghana and Liberia. The initiative.... Read more »

Posted on : Monday , 18th August 2014

Opportunities for UK oil and gas companies in Africa

LONDON, 13 August 2014 / PRN Africa / — UKTI's event in Glasgow during the Commonwealth Games highlighted support available to help UK business access export opportunities in east and west Africa. UK Trade & Investment (UKTI) ran an oil and gas seminar at the British Business House (BBH) in Glasgow during the Commonwealth Games. 80 delegates took part in the seminar, including guests from east and west.... Read more »

Posted on : Monday , 18th August 2014

Dangote Cement set to expand production plants

Dangote Cement Plc plans to expand its cement production plants to Africa, Middle East and Latin American countries. The company hopes that it will, through the planned investment, rank among the top ten global cement manufacturers and also help Nigeria to earn foreign exchange. According to the Deputy General Manager of Production at the Ibese Plant, Sunday Adondua, Dangote Cement is currently operating in fourteen African countries..... Read more »

Posted on : Monday , 18th August 2014

Nigeria seals $17m water construction deal with China s CGC

Nigeria’s Cross River State has signed a $17 million contract for the construction of Ogoja Water scheme with a Chinese firm CGC.The State Commissioner for Water Resources, Mr. Etowa Elemi, signed the contract on behalf of the state government while the Managing Director of CGC Nigeria Limited, Mr. Ye Sejiun, signed on behalf of the Chinese company. Speaking at the signing ceremony on Friday in Calabar, the state capital, Governor.... Read more »

Posted on : Monday , 18th August 2014

Louis Berger to oversee Yaounde-Douala highway segment construction in Cameroon

Louis Berger, a $1 billion global professional services corporation, has recently signed a five-year project management contract financed by local funds for the construction of the first segment of the Yaoundé-Douala highway in Cameroon. The total construction value of the project is almost €7million. The road segment will connect Cameroon’s government and diplomatic hub in Yaoundé to the country’s.... Read more »

Posted on : Monday , 18th August 2014

PET Recycling Plant worth US $33.06m in Gauteng, South Africa.

Plastic Packaging manufacturer and recycler Mpact has signed an agreement with Industrial Development Corporation (IDC) to construct a polyethylene terephthalate (PET) recycling plant worth US $33.06m in Gauteng, South Africa. This announcement was made by the company recently when it was releasing its financial results for the past six months ended June 30. Commissioning of the new recycling plant is expected to take place in.... Read more »

Posted on : Monday , 18th August 2014

South Africa to let solar power plants worth $197m

An Italian company called TerniEnergia has won a contract to engineer, procure and construct two solar power plants in South Africa. The installed capacity of the plants will be 148.5MW. A 66MW plant will be built at the Tom Burke solar plant, located near the northern boarder with Botswana, and a 82.5 MW plant will be based in Paleisheuwel in the south-west, 190km from Cape Town. The contract has to be closed by the.... Read more »

Posted on : Monday , 18th August 2014

Swala Oil & Gas debuts on DSE

Swala Oil & Gas is now listed on the Dar es Salaam Stock Exchange (DSE) becoming the first public-owned oil and gas company in East Africa SwalaThe former president of Tanzania Alhaji Ali Hassan Mwinyi rings the bell officiating the first trading day of Swala Oil & Gas on the DSE. (Image source: Swala Oil & Gas) The Tanzania-based company is the 20th to list on the DSE and the second to list under the enterprise growth.... Read more »

Posted on : Monday , 18th August 2014

Mobile-Pack will participate at The Big 3 Africa 2014.

Mobile-Pack will participate at The Big 3 Africa 2014. Big 3 Africa is not only focused on Hardware and Bathroom & Kitchen, but also on Interiors and Hospitality. Mobile-Pack allows your cleaning operations to follow suit. This stylish solution to traditional housekeeping trolleys brings ease, order and visual appeal to guest room cleaning. Tailored to the service industry, their room attendant trolley’s.... Read more »

Posted on : Monday , 18th August 2014

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