N e w s

Oil Firm Wants Tanzania Favours

The government has been asked to consider reviewing the current Production Sharing Agreement (PSA) system to make exploration and related activities within awarded licences more realistic.  “We understand that the nation needs tax revenues, but I think it is counterproductive to tax operations if by taxing them, they are delayed or made more expensive.Tthe returns from operations will dwarf any revenues that the country may make.... Read more »

Posted on : Monday , 30th November 2015

UKís Energy Africa to boost solar power in Africa

 Nigerian vice-president Yemi Osinbanjo has signed an agreement with the UK government to increase the deployment of solar energy to the West African country’s rural communities solar succo pixabayThe campaign intends to accelerate the development of Africa’s emerging solar market, working with African governments, investors, businesses, NGOs, think tanks, and other donors.  The signing follows the launch of the.... Read more »

Posted on : Monday , 30th November 2015

Investment decision on Africaís Kudu power project mid-2016

 A final investment decision is expected mid-2016 on Namibia’s Kudu gas-to-power project, which is expected to boost electricity security in the southwest African country power namibia DavidSeibold flickrOnce the power plant is built, it is expected to provide Namibia with 400MW of power.  According to a senior official, the project, where costs have doubled to around US$2.3bn, will transfer gas from the offshore Kudu field to.... Read more »

Posted on : Monday , 30th November 2015

JCB Power Products acquires UK diesel genset producer

 JCB Power Products has acquired the business and assets of diesel generator producer Broadcrown Ltd JCBpowerJCB Power Products offers a range of more than 200 generators ranging from eight to 3,300 kVA.  The acquisition was to strengthen and extend the range of generators it has to offer, said the company. The new business is expected to function under the name JCB Broadcrown and products here on will be marketed as Broadcrown. The.... Read more »

Posted on : Monday , 30th November 2015

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

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