Market News Page No. 592| Africa Business News

Nigeria: UNDP to Spend N21 Million On Energy Projects in Nasarawa

The Global Environment Facility - United Nations Development Programme (GEF-UNDP) said it would spend N21 million on the provision of sustainable energy-related projects in selected communities in Nasarawa State. The National Coordinator of GEF-UNDP, Mr Etiosa Uyigue, said this at Karu, Nasarawa State in an interview with the News Agency of Nigeria (NAN). Uyigue told NAN that the project would be executed in collaboration with.... Read more »

Posted on : Thursday , 21st August 2014

World Bank to Invest in Energy Projects in 6 African countries

The World Bank Group has committed 5 billion dollars in new technical and financial support for energy projects in six African countries; Kenya, Ethiopia, Ghana, Liberia, Nigeria and Tanzania. Some of these have vast amounts of untapped geothermal resources that could greatly benefit from this funds. World Bank Group President, Dr. Jim Yong Kim, said the new financial commitment was urgently needed to generate more electricity for.... Read more »

Posted on : Thursday , 21st August 2014

Tanzania: New Geothermal Firm Established

BLESSED with the potential to generate over 4,000 megawatts of electricity from geothermal sources, the government has formed a company to steer the country into effectively and beneficially tapping it. Operating as a subsidiary of Tanzania Electric Supply Company (Tanesco), the Tanzania Geothermal Development Company started operations in July this year, according to the Energy and Minerals Minister, Professor Sospeter.... Read more »

Posted on : Thursday , 21st August 2014

African Web platform aims to close funding gap for energy projects

A new online platform is being launched in a bid to link developers of small-scale African energy projects directly with investors and technical advisers with the aim of accelerating the deployment of such projectsacross the continent. Known as GENHUB-Africa, the initiative has received the backing of the New Partnership for Africa's Development (Nepad) Planning and Coordinating Agency and is due to be formally launched by the end.... Read more »

Posted on : Thursday , 21st August 2014

Angola s 1300km, Chinese-built railway is finished

One of China’s biggest construction firms finished building a 1,344km railway in Angola, Africa this week, and plans to put it into operation this year. The $1.83bn project, carried out by China Railway Construction, rehabilitated sections of the old Portuguese-built Benguela railway linking Angola’s Atlantic port of Lobito to the eastern border town of Luau. The new railway is the second-longest railroad.... Read more »

Posted on : Thursday , 21st August 2014

Tanzania: Aga Khan Development Network to Invest U.S. $1 Billion (Sh1.6 Trillion)in Expansion Plans for Tanzania

THE recent visit by His Highness the Aga Khan has opened up Tanzania to greater investments in the economic and social development of the country. The current Aga Khan, who has been a friend of Tanzania since before independence is a keen follower and partner in the socio-economic development of mostly underdeveloped or developing nations, especially in Africa and Asia. Shah Karim's love for Tanzania has amply been proved by his.... Read more »

Posted on : Wednesday , 20th August 2014

Tanzania: Cotton Farmers Receive Training On Use of Pesticides

THE Cotton and Textile Development Programme (CTDP) is promoting 20 high-performing farmers to become village-based agro dealers in-charge of quality inputs. The dealers, according to CTDP Input Market Manager Ms Lillian Magak, have been trained by experts from the Arusha-based Tropical Pesticides Research Institute (TPRI) to ensure that they buy seeds on time, and from reliable sources. "TPRI taught.... Read more »

Posted on : Wednesday , 20th August 2014

Kenya: Mombasa Sets Aside Sh165 Million for Roads

THE Mombasa government has set aside Sh165 million to improve transport and infrastructure in Mombasa town. Eight projects have started. Governor Hassan Joho said the projects include reconstruction of existing roads, creating new ones and improving the city's drainage system. Bridges, street lights and car parks will also be constructed. Joho said they will soon commission 15km of upgraded bitumen standard roads to spur.... Read more »

Posted on : Wednesday , 20th August 2014

Tanzania: Natural Gas Comes Ashore

Natural gas discovered off the coast of Tanzania is now reaching the consumer as the first homes in Dar es Salaam are connected up. The hope is that energy will now become cheaper. Tanzania's Petroleum Development Corporation (TPDC) has begun implementing an ambitious gas project. The aim is to supply hundreds of residents in the commercial capital of Dar es Salaam with natural gas to their homes for domestic use. The pilot project, which was.... Read more »

Posted on : Wednesday , 20th August 2014

Tanzania: Green Rock Energy Advances Graphite Due Diligence

GREEN Rock Energy's first phase of on-site exploration due diligence at Mahenge North Graphite Project in Tanzania is due to be finalised this week. A total of 570 metres of trenching was completed, consisting of 400 metres of new trenches across Epanko North lodes and 170 metres of cleaning and reviewing historic trenches on these lodes. Mapping and trenching indicates that graphite mineralisation within.... Read more »

Posted on : Wednesday , 20th August 2014

TN Harlequin Luxaire (Lifestyle Holdings Limited) to explore East Africa through The Big3 Africa 2015.

TN Harlequin Luxaire (Lifestyle Holdings Limited) to explore East Africa through The Big3 Africa 2015. The Big 3 Africa is the ultimate exhibition which will house the three most exciting sectors in the east African region namely Building Hardware, Material, Bathroom & Kitchen from 7th to 9th May 2015 at KICC, Nairobi – Kenya. TN Harlequin Luxaire is the largest household furniture manufacturer and retailer in Zimbabwe..... Read more »

Posted on : Wednesday , 8th October 2014

Investors have growing role in developing East Africa's Energy Infrastructure

Development finance institutions (DFIs) remain the big beasts in developing infrastructure and other major projects in much of Africa. The ‘blending’ of public and private finance has become a preoccupation for traditional donors looking to leverage their grants and loans to produce bigger funding flows to kick-start the continent’s infrastructure revolution, to catch up with sub-Saharan Africa (SSA)’s macroeconomic.... Read more »

Posted on : Wednesday , 20th August 2014