N e w s

Construction industry in Africa to grow by 8% in 2016 says report

 Construction industry in Egypt  has been projected to grow by eight per cent in 2016 after an estimated 9.8 per cent in 2015, the Egyptian Ministry of Finance has reported. The report reveals that the growth due to the steady support of the sector by public private partnerships (PPPs) and the growing infrastructure project pipeline in the country reinforce our positive outlook for Egypt’s construction industry in 2016, said a.... Read more »

Posted on : Wednesday , 9th December 2015

Standard Gauge Railway construction project in Kenya to be extended

 China has pledged to boost the extension of the Standard Gauge Railway construction project in Kenya from the capital Nairobi to the Rift Valley. Kenya will receive a $1.5 billion loan from China   Statehouse Spokesman Manoah Esipisu confirmed the news and said that Kenya will finance 15% towards the project while the rest will be from China Eximbank.   “Kenya and China signed a financing package for the extension of.... Read more »

Posted on : Tuesday , 8th December 2015

Construction of 8,000 kilometres of tarmac roads in Kenya to begin

 Construction of  8,000 kilometres of tarmac roads in Kenya is set to begin in a week’s time to ease transportation of goods and passengers and boost the country’s economy, Transport Principal Secretary John Mosonik  has said.   He said that the construction of the tarmac roads in Kenya will involve the tarmacking of roads in various parts of the country; about 16 Nairobi-Mombasa highways to ease transportation.... Read more »

Posted on : Tuesday , 8th December 2015

Dam in Kenya to be constructed with World Bank support

 The World Bank will support the construction of a dam in Kenya  to provide enough water to residents. This follows a financial agreement that was signed by Kenya and the  World Bank to the tune of  US$ 200m to help in the  construction of Mwache dam in Kwale County.   The agreement which was signed during climate talks in Paris is part of a larger project under the Paris Pact Flagship Project that targets to.... Read more »

Posted on : Tuesday , 8th December 2015

East Africa’s Potential Whets Energy Investors’ Appetites

Africa’s appetite for gasoil and petrol is expected to climb by as much as 8 per cent, while demand for liquefied petroleum gas (LPG) has hit double digits. The continent’s expanding home-grown energy supply will help to satisfy some of the burgeoning demand, in a process that is creating opportunities for investors, especially in East Africa. Africa produced 8.2 million barrels per day of crude last year, with 76 per cent coming.... Read more »

Posted on : Monday , 7th December 2015

Energy and Infrastructure Take 42 Per Cent of Kenya External Loan

The bulk of donor funding to Kenya goes to energy and infrastructure projects, a latest National Treasury debt report released in Nairobi showed Wednesday. The report says energy and infrastructure sector takes 42 percent of the cash Kenya gets from its bilateral and multilateral lenders, with the external debt currently standing at 14.7 billion U.S. dollars. Kenya is undertaking dozens of projects in the energy and transport.... Read more »

Posted on : Monday , 7th December 2015

Africa’s largest wind farm inaugurated

 A 200MW wind farm in Egypt’s Gulf of El-Zayt, touted to be the largest in Africa, has been inaugurated wind CGPGrey flickrHundred turbines, each with a capacity of 20MW, have been installed in the wind farm.  The wind farm cost US$359mn and has been financed by the European Union (EU), Germany’s KfW and the European Investment Bank (EIB). With a 100 turbines, the wind farm generate up to 800MW per year, which could aid.... Read more »

Posted on : Monday , 7th December 2015

Harnessing ocean power to provide heat and air conditioning

 The Cape Town V&A Waterfront’s Silo District is recognised as one of the most advanced and environmentally-friendly developments, not just in South Africa but throughout the continent Evergreen chillerThe AquaEdge 23XRV chiller.  The Silo District project is due for completion in 2017, once an additional four silo developments are fully-operational. A division of United Technologies Corp, heating and air-conditioning.... Read more »

Posted on : Monday , 7th December 2015

Orange and Engie to boost telecom network through optimised power grid in Africa

 Orange and Engie have signed two deals to expand the electricity grid as well as optimise the power supply for the telecom infrastructure in Africa  orangeengiepower nayukim flickrSmall scale electricity networks will be set up across Africa, said officials from Engie.  For the supply of power, solar kits and small scale electricity networks will be set up. The service would be billed to customers through mobile networks,.... Read more »

Posted on : Monday , 7th December 2015

Simba Completes Definitive Agreement for Block 2A, Kenya

Simba Energy Inc. (the “Company” or “Simba”) (TSX Venture: SMB) (Frankfurt: GDA) (CQX: SMBZF) is pleased to announce it has executed a definitive farmout agreement (“Definitive Agreement”) with Essel Group Middle East DMCC (“Essel Group Middle East”) on Block 2A in Kenya wherein Essel Group Middle East will earn a 60%participating interest in Block 2A by funding 100% of exploration expenses until.... Read more »

Posted on : Saturday , 5th December 2015

Tanzania: Huge Business Opportunities Await SMEs in Gas, Oil Sector

Aberdeen City Council Director, Gordon McIntosh, sharing the Scottish City experience in the industry, said the government ought to help the small businesses to identify the available opportunities as well as issue financial support in the form of grants and loans. He said Mtwara was a potential East and Central Africa’s gas and oil hub, challenging the government however to work closely with the private sector to realise the dream..... Read more »

Posted on : Saturday , 5th December 2015

Petra and Ekapa Acquire De Beers Oldest Diamond Mine

According to Reuters, Petra Diamonds Ltd and South African’s Ekapa Minerals would buy De Beers’ Kimberley mines for 102 million rand ($7.1 million). In last May, De Beers announced that it put the mining operations in Kimberley on sale. Kimberley mines is located in the Northern Cape Province of South Africa. In 1871, a discovery of 83.5 carat diamond near a farm belong to De Beers family started a new rush. Huge wave of people.... Read more »

Posted on : Saturday , 5th December 2015

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