N e w s

East Africa and CIF to spend US$50mn on clean energy projects

 Rwanda, along with Climate Investment Funds (CIF), will work to provide access to electricity to around 70 per cent of its population by 2018 solarpanel bartspeelman flickrRwanda hopes to tap into a range of clean energy sources in order to supply power to its residents.  The country is hoping to achieve this by tapping into a host of renewable energy sources, and bring up the access Rwandans have to electricity by 23 per cent from.... Read more »

Posted on : Monday , 30th November 2015

Africa's Largest Carrier, Ethiopian Airlines, Plans To Order Narrow-Body Planes

Ethiopian Airlines, Africa's largest carrier, wants to buy 10 narrowbody planes and is considering Canada's Bombardier and Brazil's Embraer jets among others, as it plans to nearly double its fleet between now and 2025, chief executive Tewolde Gebremariam said Monday. Tewolde, speaking on the sidelines of a global aviation forum in Montreal, said that he is visiting Bombardier's Mirabel factory on Tuesday to review the 100-seater.... Read more »

Posted on : Saturday , 28th November 2015

Uganda Govít licenses maize warehouses to improve quality

GOVERNMENT HAS EMBARKED ON THE PROCESS OF LICENSING WAREHOUSES ACROSS THE COUNTRY TO IMPROVE QUALITY OF GRAINS ESPECIALLY MAIZE IN UGANDA. This is according to Silver Ojakol, the commissioner for external trade, ministry of trade. He made the remarks at the launch of a report on maize standards in Kampala. The development follows reports that Uganda’s maize is failing to penetrate the EAC market due to poor quality. He said that.... Read more »

Posted on : Saturday , 28th November 2015

Tanzania: Government Advised to Review Oil, Gas Search Pacts

Chief Executive Officer of Swala Oil and Gas Company, Dr David Mestres Ridge, advised the government to fast-track oil and gas exploration in the country. “The government should be sensitive to challenges faced by the exploration and production companies. “Although the oil and gas sector has had a steady growth over the years, the sector had already spent a fortune in the exploration and therefore, needs some consideration.... Read more »

Posted on : Saturday , 28th November 2015

Africa's Lafarge Readymix partners with Construction Kaiser Ltd

 Lafarge Ready Mix Nigeria Ltd. formalised its partnership with Construction Kaiser Limited at a signing ceremony that took place at The MoorHouse Hotel, Ikoyi, Lagos, Nigeria.   The agreement records a mutual understanding of partnership, in which LRMN will supply all of CKL’s Ready Mix Concrete needs, nationwide.   Engr. Igbuan Okaisabor, Vice Chairman of Construction Kaiser Limited stated that “with the signing.... Read more »

Posted on : Saturday , 28th November 2015

Crown Paints to construct a manufacturing plant in Kenya

 Crowns Paints Kenya Ltd is planning to construct a factory in the Western Kenya that will help reduce cost of transporting paint from its Nairobi plant.   The new plant which is also expected to help increase the output of the company will cost US$ 4m for it to be complete.   Chief Executive of Crown Paints Rakesh Rao confirmed the reports and said that the new plant will foster growth and better service in that region since.... Read more »

Posted on : Saturday , 28th November 2015

East Africa secures US$31mn fund to expand electricity grid

 Seychelles has secured US$31mn in funding from Arab Bank for Economic Development in Africa (BADEA) and the Saudi Fund for Development to improve electricity network in the island nation seychelles grid saraj flickrThe 33kV transmission and distribution network will start at the Roche Caiman power station.  The joint loan will be utilised by country’s Public Utilities Corporation (PUC) to build a 33kV transmission and.... Read more »

Posted on : Friday , 27th November 2015

Africa's renewable energy sector holds investment potential worth US$13bn

 Egypt’s renewable energy sector has a potential opportunity of around US$13bn for private sector financing over the next five years, according to industry reports renewable egypt tomas74 pixabayThere are more than 4,000MW in renewable energy projects currently under development in Egypt, split between wind and solar.  As the North African country’s installed power capacity is set to nearly double from 31 GW in 2013 to 60.... Read more »

Posted on : Friday , 27th November 2015

African nation gets US$15mn credit from World Bank for mining sector

 African nation Togo has received a US$15mn World Bank IDA credit amount to strengthen its mining sector mining tama66 pixabayTogo's mining sector is crucial to the growth of the country's economy.  The five Togo Mining Governance and Development project is valid from 2016 to 2020 and will streamline the mining sector to increase its efficiency and accountability. The project will target key strategic challenges to the sustainable.... Read more »

Posted on : Friday , 27th November 2015

1.6 Billion Tons of Oil Reserves in Sudan

Khartoum – Ahmed Jibril Al-Amin, Lecturer at the University of Bahri, has said that Sudan holds oil reserves of 1.6 billion tons, with gas reserves of 6.5 billion cubic feet. In his paper, (Carbohydrates resources in Sudan) at the UNCTAD conference on oil, gas and mining held currently in Khartoum, Al-Amin reviewed the primary components of basins producing oil and gas in Sudan. The Secretary General of the United Nations Conference.... Read more »

Posted on : Thursday , 26th November 2015

Sameer Africa to construct a stadium in Kenya

Sameer Africa Group is planning to construct a 26,000-seater stadium in Kenya that will encourage the development of sports in that region. The stadium will be constructed in Nandi County. Sameer Africa which is owned by Naushad Merali signed a Memorandum of Understanding (MOU) with Nandi County Governor Cleopas Langat on the construction of the stadium and the investment firm pledged to add more money to the infrastructural development of.... Read more »

Posted on : Thursday , 26th November 2015

World Bank calls for diversification on infrastructure funding in East Africa

 The World Bank is now calling for diversification on infrastructure funding in Ethiopia in a bid to finance its  infrastructure projects to avoid heavy reliance on the state.   In recent years the country has been carrying much of the burden of raising finance for infrastructure development while at the same time demanding that banks invest the equivalent of 27% of the loan portfolio in low-yield state development bonds,.... Read more »

Posted on : Thursday , 26th November 2015

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