Market News Page No. 351| Africa Business News | Afrotrade

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Kenya signs $408 million loan with Japan for 140 MW geothermal plant

6 billion yen ($408 million) loan agreement to go towards building a 140 megawatt (MW) geothermal power plant that is expected to be operational within the next two years, the two governments said. Read more at: http://www.standardmedia.The plant, know as Olkaria V, will be built by Kenya Electricity Generating Company (KenGen), which has said it expects to begin construction in July, with the plant arriving on the grid by the end of 2018. The.... Read more »

Posted on : Thursday , 10th March 2016

OVERVIEW OF UGANDA�S 60,000 BARREL REFINERY PROJECT

The refinery project is the child of the National Oil and Gas Policy (2008) for Uganda (objective 4) which seeks to promote valuable utilisation of the country’s oil and gas resources through in-country refining of crude oil. The project is guided by the a Refinery Development Programme (RDP) formulated by the Ministry of Energy and Mineral Development and is in line with the East African Regional Refineries Development.... Read more »

Posted on : Thursday , 10th March 2016

Zuma Pledges to Help Nigeria in Electricity Generation

South African President, Jacob Zuma has pledged that his government willingness to help Nigeria in the generation of electricity even as he declared that it can also assist in the exploration of solid minerals. Zuma, who made the pledge while addressing to a joint session of the Nigerian National Assembly in company of President Muhammadu Buhari yesterday, said there is potential for greater business to business engagements between the.... Read more »

Posted on : Thursday , 10th March 2016

East Africa : PV diesel hybrid system for industry

Together with the PV diesel system expert OneShore Energy GmbH, BayWa r.e., a renewable energy subsidiary of BayWa AG, is implementing a joint photovoltaic diesel hybrid system for an industrial customer in East Africa. OneShore Energy (link is external) will provide the software solution to optimise the integration of the solar energy system with a diesel based power plant. At the same time, BayWa r.e. (link is external) will supply.... Read more »

Posted on : Thursday , 10th March 2016

South African Government to Continue Investment in Energy Sector

Pretoria — Government says it will keep the development of the energy sector high on its priority list as this is key to easing constraints to economic growth. The Economic Sectors, Employment and Infrastructure Development cluster, chaired by Rural Development and Land Reform Minister Gugile Nkwinti, on Tuesday, briefed media to give an update on the implementation of the Nine Point Plan. The plan, which was announced by.... Read more »

Posted on : Thursday , 10th March 2016

Rwanda to Decentralize National Grain Strategic Reserve

The Ministry of Agriculture has embarked on a move to decentralise the national grain strategic reserve down to the sector level. The move is expected to enhance food security readiness in case of famine. Emmanuel Kayiranga, the chairperson of post-harvest handling and storage taskforce at the ministry, said the initiative will not only ensure Rwandans are food secure but also will promote structured grain.... Read more »

Posted on : Thursday , 10th March 2016

AfDB : Prime Focus on Energy in Africa's Development Agenda

Energy is the central theme of the African Development Bank's 2016 Annual Meetings as well as its 2015 Annual Report. The theme, "Energy and Climate Change", underscores the importance the Bank attaches to energy, which the AfDB President, Akinwumi Adesina, describes as "the lifeblood of any society and the passport to economic transformation." Thus, energy is at the top of the Bank's High 5 priorities - Light up and.... Read more »

Posted on : Thursday , 10th March 2016

Mining Co. To Supply Lithium-Ion Battery in Tanzania

Kibaran Resources Limited fresh from a 2.0 million US dollar capital raising has sent a sample of graphite from its Epanko project in Tanzania to test as a premium product for use in lithium-ion batteries. The new bulk sample of 200 tonnes of Epanko graphite ore will be processed to produce 20 tonnes of flake graphite concentrate and will provide production cost and product pricing benchmarks. Previous tests had established.... Read more »

Posted on : Thursday , 10th March 2016

Tanzania: Vietnamese President Visit to Further Cement Ties Between Countries

Vietnamese President Truong Tan Sang arrived in Dar es Salaam on Tuesday. He is visiting Tanzania to further cement ties between the two countries. The reciprocal visit follows former President Jakaya Kikwete's tour of the Southeast Asia nation in October 2014. Our Staff Writer Chaby Barasa who covered Mr Kikwete's two-day tour in Hanoi, reports... When Mr Truong meets his Tanzanian counterpart Dr John Magufuli (Mr Kikwete's successor).... Read more »

Posted on : Thursday , 10th March 2016

Rwanda: Japan Pumps Rwf14 Billion into Energy Distribution Programme

The governments of Rwanda and Japan yesterday signed a financing agreement, worth $18.4 million (about Rwf14 billion), aimed at boosting electricity distribution networks in the City of Kigali. The funds will specifically be injected in the construction of Ndera substation and the Murindi and Kabuga power-switching stations, both in Gasabo District, according to Claver Gatete, the minister for finance and economic planning. The.... Read more »

Posted on : Thursday , 10th March 2016

Global Report : Attractiveness of Kenya's Mining Sector Slightly Up

The local mining sector’s attractiveness has slightly improved, according to the latest survey by Canadian think-tank Fraser Institute. The Fraser Institute 2015 survey has ranked Kenya 103 out of 109 jurisdictions that were covered. It was ranked 121 out of 122 in the 2014 report due to insecurity and ‘poor’ mining policies. ‘Poor’ policies especially the proposed mining.... Read more »

Posted on : Thursday , 10th March 2016

Uganda - Tanga Port Oil Pipeline Construction to Begin in August

Construction of the envisaged 4 billion US-dollar (about 8 trillion/-) pipeline to transport crude oil from Kabale in Uganda to Tanga Port is slated to commence in August, pending ongoing discussions between the two governments and investors. The Managing Director of Tanzania Petroleum Development Corporation (TPDC), Dr James Mataragio, said the 24-inch conduit to cover 1,403 kilometres is expected to convey 200,000 barrels of crude oil.... Read more »

Posted on : Thursday , 10th March 2016

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