Market News Page No. 80| Africa Business News | Afrotrade

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TANZANIA: Stiegler's Gorge Dam to Deliver First MW In June 2022

Following a recent visit to the site of the Stiegler's Gorge hydroelectric dam, Medard Kalemani, the Tanzanian Minister of Energy, accompanied by Assem Gazzer, his Egyptian counterpart in charge of public works gave an update on the progress of the project. According to the official, the project is already 62.7 per cent complete. The work is currently focused on the installation of the draft tubes at the base of the 9th turbine, which will.... Read more »

Posted on : Tuesday , 16th November 2021

Tanzania: Biggest Hydro Electric Plant Construction Ongoing

Installation of 27 transformers to increase transmission voltage of electricity produced at the Julius Nyerere Hydro Electric Power Project in Tanzania has started. Once completed the new transformers will increase the transmission voltage from 15kV to 400kV. Also known as the Stiegler Gorge Dam and the Rufiji Hydroelectric Power Project, the project is planned to eventually have an installed capacity 2,100 megawatt and produce 5,9GWh of.... Read more »

Posted on : Wednesday , 22nd September 2021

The Kenyan Recycling Partnership is looking for a brand owner.

The hunt for a brand owner partner, which partners Dow and Mr Green Africa think would finish the loop by enabling the use of recyclable flexible packaging in real applications, has begun in the second phase of a collaboration formed to remove inequities in recycling infrastructure in Kenya. The alliance, which was officially established in November 2019 in Nairobi, Kenya during Dow's Project Butterfly event, aims to promote awareness of.... Read more »

Posted on : Wednesday , 22nd September 2021

Plastic waste created into farm equipment using 3D printing.

Three African countries are now benefiting from an international project. The "Circular Plastics Project" involves collecting plastic garbage in low and middle-income nations and using 3D printing to turn it into agricultural implements. Researchers at Loughborough University in England are leading the initiative. Plastic pollution is still a problem throughout Africa. The "Circular Plastics Project" is one of the methods presented to.... Read more »

Posted on : Wednesday , 22nd September 2021

Investors from Djibouti to Open Modern Abattoir in Ethiopia

Djibouti-based African businessmen have indicated interest in establishing a state-of-the-art abattoir in Ethiopia. The statement was made during a three-day investment mission to Ethiopia, which was targeted at assessing and adding value to Ethiopia's large and untapped livestock potential. During their visit, the investors met with high-ranking government officials, relevant authorities, and Ethiopian private sector representatives,.... Read more »

Posted on : Wednesday , 22nd September 2021

The Tanzanian Agriculture Investment Opportunities On limelight

Tanzania agriculture investment potential will be highlighted in Nairobi, Kenya, at the worldwide Agricultural Green Revolution Alliance (AGRA) Summit. Tanzania will showcase and propose investment prospects and priorities in agribusiness during the summit in order to attract investors to the industry. Tanzania has immense potential to become a major food producer, manufacturer, and exporter. What we need to do is boost.... Read more »

Posted on : Wednesday , 22nd September 2021

Huawei launches smart solar energy solution for Kenyan households

Chinese telecom firm Huawei has launched an integrated solar energy solution for Kenyan households amid a quest to promote carbon neutrality in the country.CEO of Huawei Kenya Will Meng said the launch of LUNA 2000, the flagship product of Huawei FusionSolar Residential Smart PV Solution, will ensure that residential premises have access to affordable and cleaner sources of energy."It indeed is in our best interest to increase the uptake of.... Read more »

Posted on : Tuesday , 21st September 2021

KENYA: Boreal Inaugurates A New Solar-Powered Water Desalination System

New drinking water kiosks designed by Boreal Light supply a school, a vocational training centre, a mosque, a tailoring shop and oil extraction facilities on the southern coast of Kenya. The drinking water is obtained from a new desalination system powered by a 15 kWh solar mini-grid. Called "Shimoni WaterKiosk", the solution was installed by Kenyan start-up WaterKiosk Africa. According to the start-up company Boreal Light, based in Berlin,.... Read more »

Posted on : Wednesday , 17th November 2021

RWANDA: An Initiative To Promote The Financing Of Off-Grid Systems In Local Currency

Investments in renewable energy have increased tenfold in Rwanda in the recent years. According to the European Union GET.invest programme, these investments have been made more with international capital and foreign currency. “Local currency financing is one of the missing links to boost investment flows into renewable energy,” says GET.invest. The programme is supported by donors including the European Union, Austria, Germany, the.... Read more »

Posted on : Friday , 17th September 2021

Africa Oil Updates Project Oil Kenya with a Higher Plateau Production Rate and an Independent Resource Evaluation

Africa Oil and its JV partners (Tullow Oil and Total Energies) have completed the redesign of Project Oil Kenya over the last year to guarantee that it is technically, financially, and environmentally sound. With a projected gross oil recovery of 585 million barrels of oil ("MMbbl") during the life of the field1, a higher oil production plateau of 120,000 barrels per day is now planned. This resource position has been audited by external.... Read more »

Posted on : Thursday , 16th September 2021

East African Energy sector boosted by recent positive global investments

The East Africa region is increasingly becoming an area of interest in the eyes of international investors in energy projects from around the world. The recent substantial FDI influx in the East African energy sector has re-ignited the global appetite resulting in the rising number of delegates exploring the region through channels like the 9th Power and Energy Africa exhibition in Kenya and Tanzania. East African countries like Kenya,.... Read more »

Posted on : Monday , 13th September 2021

East Africa's Energy Future Shines Bright - Investors Are Keeping a Close Watch

The eyes of international oil and gas investors are becoming increasingly fixed on Africa as an area of development, and on the East Africa region in particular – with good reason.“It’s no secret that the East African oil and gas sector has recently benefited from substantial FDI,” says Paul Sinclair, Vice President of Energy at Africa Oil Week (AOW). “These regional investments have reignited global appetite for East Africa, and.... Read more »

Posted on : Monday , 6th September 2021

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