N e w s

AREI receives US$10bn from several countries that pledge Clean Energy

 The Africa Renewable Energy Initiative (AREI) is being supported significantly by several countries that have pledged around US$10bn for clean energy projects in Africa  cleanenergy ArtemyoLagalag flickrThe goal of AREI is to supply atleast 300GW of power by 2030 to the African continent, through clean energy sources. At COP21 held in France, G7 countries Germany, France, Canada, Italy, Japan, United Kingdom and USA along with.... Read more »

Posted on : Friday , 11th December 2015

Atlas acquires East African bottling plant

 Atlas Development & Support Services Limited has announced it has completed its acquisition of East Africa Packaging Holdings Limited Atlas Development aleksandr huntaA glass bottle manufacturing facility will be built 45 km north of Addis Ababa, Ethiopia.The Chancho Project, which will be rolled out by East Africa Packaging Holdings, will involve designing a glass bottle manufacturing facility 45km north of Addis Ababa,.... Read more »

Posted on : Friday , 11th December 2015

Promoting sericulture in Kenya

A sericulture research centre has been established at the Kenya Agricultural and Livestock Research Organisation in Thika Dr, Muo Kasina, director of the centre, said that it has been set up with the aim of stabilising the growth of the silk farming sub-sector in the Kenya, which is still under-developed at the moment. The centre is aimed at developing sericulture research in the country. The silk sector, he said, is a unique one because it is.... Read more »

Posted on : Thursday , 10th December 2015

Italian Exports to Ghana up 30%

Italian exports to Ghana increased by 30 percent in the first eight months of 2015, compared to the same period last year, Italy’s Vice Minister, Ministry of Economic Development, Carlo Calenda has said. “In 2014, Italian exports to Ghana amounted to 160 million euros. “In the first eight months of 2015, these grew by 30 percent over the previous year,” Calenda said. The main sectors for Italian exports were.... Read more »

Posted on : Thursday , 10th December 2015

Kenya: Government Told to Ban Exportation of Raw Soapstone

The soapstone carvers in Tabaka area in Kisii County have called on the government to impose a total ban on exportation of uncut soapstone from Kenya. According to Jared Nyabuto, a soapstone dealer, both the county and national government lose millions of shillings by selling uncut stones to international dealers who eventually sell them at higher prices. He noted that these dealers later polish the stones and sell them at massive profits.... Read more »

Posted on : Thursday , 10th December 2015


Kenya has been granted a one-year extension to sugar import limits from a regional trade bloc to give it time to overhaul its ailing sugar industry, a Kenyan minister said on Monday. The arrangement capping cheaper imports from Common Market for Eastern and Southern Africa (COMESA) was scheduled to expire in February 2016 but Kenya pleaded for more time to fix its sugar industry. "This COMESA extension will give interim comfort to.... Read more »

Posted on : Thursday , 10th December 2015

Rwanda: U.S. Firm Completes Deal for Rwandan 50MW Power Plant

Symbion Power Lake Kivu Ltd, a subsidiary of American firm Symbion Power LLC, on Tuesday signed a 25-year power purchase agreement (PPA) with the Rwanda Energy Group (REG) for a 50 Megawatt (MW) methane gas to power project.   The official signing involved Symbion Power CEO Paul Hinks, REG CEO Jean-Bosco Mugiraneza, and Minister of Infrastructure James Musoni. With the PPA signed, Symbion will now begin implementation activities including.... Read more »

Posted on : Thursday , 10th December 2015

Uganda: Sukulu Phosphate Project Gets Shs788 Billion Boost

Kampala — The construction of Uganda Sukulu phosphate factory in Tororo District has got a boost of $240 million (about Shs787.7b) at the China-Africa Investment and Financing Forum held in South Africa.   Industrial and Commercial Bank of China (ICBC) in cooperation with the Standard Bank Group will disburse the money in tranches to Guangzhou DongSong Energy Group Company Ltd which is the project developer.   The company,.... Read more »

Posted on : Thursday , 10th December 2015

Namibia: Ra Signs Agreements Worth N$2.6 Billion

The Roads Authority (RA) yesterday signed three contracts worth about N$2.6 billion for the rehabilitation and upgrading of three road projects.   "The Roads Authority has been talking about some of the major projects in the history of the country and today these projects will become reality," said RA's chief executive officer, Conrad Lutombi, during the signing ceremony to initiate the projects.   Lutombi explained that.... Read more »

Posted on : Thursday , 10th December 2015

South Africa: R20 Million for Limpopo Village Road Upgrade

Pretoria — The Lephalale Local Municipality will spend R20 million upgrading a road in Ga-Monyeki village, in Limpopo.   The six-month project will create about 40 jobs and will improve access to remote areas in the municipality.   This is the third road to be upgraded in a rural village in Lephalale this financial year as part of the municipality's commitment towards rural development.   Lephalale Mayor Jack Maeko.... Read more »

Posted on : Thursday , 10th December 2015

FG Proposes N6 Trillion Budget for 2016, Sets U.S.$38 a Barrel Oil Benchmark

The Federal Government has proposed a budget estimate of N6 trillion for 2016 with $38 per barrel crude oil price benchmark.   This was the outcome of a three-hour emergency meeting of the Federal Executive Council (FEC) chaired by President Muhammadu Buhari today.   Addressing State House correspondents after the meeting, Budget and National Planning Minister Udoma Udo Udoma, said the government was looking at.... Read more »

Posted on : Thursday , 10th December 2015

Egypt: Petroleum Min. Witnesses Signing 2 Deals for Oil, Gas Exploration

Minister of Petroleum and Mineral Wealth Tarek el-Mollah witnessed on Monday 7/12/2015 the signing of two agreements for gas and oil exploration in the Suez Gulf region and Western desert.   The first agreement was signed with Tunisia's HPS Company with investments amounting to $9 million and signing grant of $1 million in Halif district in Egypt's western desert to dig out four oil wells.   The second agreement extends a previous.... Read more »

Posted on : Thursday , 10th December 2015

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