Market News Page No. 269| Africa Business News | Afrotrade

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Geothermal Development's turn to profit tilts energy mix

The Geothermal Development Company (GDC) broke the loss making streak to post Sh1.6 billion net profit in the full year ending June 2015 after inking a deal to sell steam from its Olkaria wells to the government. The State-owned firm generated its first revenue of Sh2.5 billion in the period under review being earnings from sale of underground steam to the Kenya Electricity Generating (KenGen) Co to produce geothermal.... Read more »

Posted on : Saturday , 1st October 2016

Chinese firm to build 50MW solar plant in Kenya

The Kenyan ministry of energy on Thursday signed a memorandum of understanding (MOU) with a Chinese firm to pave way for the construction of a 50 Megawatt solar plant in northeast Kenya's Garissa County. Cabinet Secretary for energy and petroleum Charles Keter said during the signing ceremony that the largest China-funded solar plant in east and central Africa will advance green agenda and inclusive development in.... Read more »

Posted on : Saturday , 1st October 2016

Toshiba to partner with Ethiopian power utility on geothermal development

Eastern Africa remains an important market for Japanese turbine suppliers. Toshiba Corp. has now announced the signing of a partnership agreement with the Ethiopian power utility. This follows similar partnership arrangements with Uganda, Tanzania and Djibouti. The company signed a comprehensive partnership agreement with Ethiopian Electric Power, that will see the parties collaborate in geothermal power generation projects and.... Read more »

Posted on : Thursday , 29th September 2016

Paclite introduces LED lighting tower

The latest new product from manufacturer Paclite is the ECO PL2000 LED V6 lighting tower for construction, industrial and event applications. The company said the new model boasted four 450W LED lamps and could run for 250 hours continually on one fuel tank. It is powered by a 7hp (5.2kW) Hatz engine and has an hydraulic mast that can extend up to 8m. General manager Kent Gorsun said a key feature was the lighting.... Read more »

Posted on : Thursday , 29th September 2016

East Africa: New Road to Boost Trade With Kenya

Trade between Uganda and Kenya is projected to increase as the construction of a new and shorter route from Mbale to the Lwakaka border post in eastern Uganda kicks off. The state minister for trade, Michael Kafabusa Werikhe, said when this road is complete, the quantity of exports and imports through Kenya is set to increase. Warikhe was speaking at a contract-signing ceremony between Uganda National Roads Authority and.... Read more »

Posted on : Thursday , 29th September 2016

Tanzania: IT Firm Comes Up With New Products to Boost Digital Inclusion

Ericsson has introduced new software and hardware products to help mobile network operators to boost digital inclusion in the country. The new products will help mobile network operators to provide high quality service to unconnected population particularly in the rural areas. Ericsson KAM-Millicom Africa, Mr Frode Dyrdal, said in Dar es Salaam yesterday that the solutions would allow mobile network operators in the.... Read more »

Posted on : Thursday , 29th September 2016

Tanzania: Oil, Gas Firms Give 4 Billion/ - to Vocational Training

Mwanza — Oil and gas companies under the consortium of Tanzania Liquefied Natural Gas Plant Project (TLNG) have donated 1.9m US dollars (about 4bn/-) to beef up employment opportunities for the youth through vocational training in natural gas in the twin southern regions of Mtwara and Lindi. TLNG is composed of five partners--BG/Shell Group, ExxonMobil, Ophir Energy, Pavilion Energy and Statoil. The assistance is to.... Read more »

Posted on : Thursday , 29th September 2016

Ingenu and Vula Telematix Roll Out Machine Network Across South Africa

Smart Cities Week – Ingenu Inc.™, the pioneer in delivering connectivity exclusively to machines, and Vula Telematix, a leading provider of network solutions for South Africa’s telecommunications and energy markets, today announced the availability of the Machine Network™ in the Western Cape region of South Africa. Vula Telematix, an Ingenu Global Licensing Partner, is the exclusive provider of the Machine Network.... Read more »

Posted on : Thursday , 29th September 2016

Changing lives in Africa: Dental volunteers from A Reason to Smile (ARTS) participate in global outreach

What do a dentist, teacher, lawyer, and graduate student all have in common? They have all volunteered with A Reason To Smile! A Reason To Smile, or ARTS, has completed three successful trips to communities in Africa since March 2015. We’ve also partnered with a local clinic in Tola, Nicaragua, to achieve our mission of providing dental treatment, education, and supplies to those without access to this vital part of health.... Read more »

Posted on : Thursday , 29th September 2016

SolarReserve to Develop 200MW Of Urban Solar Farms in South Africa

Urban solar farms are now being explored in South Africa under a grant awarded by the US Trade and Development Agency. The grant has been has awarded to SolarReserve South Africa Limited to advance its “Urban Solar Farms” initiative in South Africa. This is a study concerning large metropolitan municipalities intended to provide a framework for large commercial and industrial electricity consumers with significant.... Read more »

Posted on : Thursday , 29th September 2016

Davies urges Tesla to invest in South Africa

Trade and Industry Minister Dr Rob Davies, who is attending Monday’s Africa Growth and Opportunity Act (Agoa) forum in Washington DC, made the most of an opportunity at a business breakfast on Sunday to encourage an investment by South African-born entrepreneur Elon Musk in the country of his birth. The DTI said Davies, who was meeting with investors at the breakfast, had urged Musk’s company, Tesla, to work with his.... Read more »

Posted on : Thursday , 29th September 2016

Africa primed for solar PV boom

The cost of solar PV projects in Africa has plummeted by over 60 per cent in the last four years, paving the way for a 'boom' in solar deployment over the coming decade. That is the conclusion of a major new study from the International Renewable Energy Agency (IRENA), entitled Solar PV in Africa: Costs and Markets, which argues installed costs for total installed costs for new African solar PV projects now average $1.30 per watt,.... Read more »

Posted on : Thursday , 29th September 2016

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