Market News Page No. 516| Africa Business News | Afrotrade

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ERHC retains Deloitte as strategic advisor on its assets in Sub-Saharan Africa

Sub-Saharan Africa oil and gas explorer ERHC Energy has announced it has retained the services of Deloitte Corporate Finance LLC (DCF) to advise on the Company’s oil assets in the Republics of Chad and Kenya. Deloitte will advise ERHC on matters related to possible joint ventures, alliances sales and/or divestitures on the Chad and Kenya licenses at a time where the drop in global oil prices has prompted consolidation among.... Read more »

Posted on : Wednesday , 10th December 2014

South Africa, Mozambique Governments Sign Agreement to Evaluate Viability of a Gas pipeline

South Africa’s Public Investment Corporation SOC Limited (SacOil) and the Instituto de Gestão das Participações do Estado (“IGEPE”) in Mozambique (have signed a Joint Development Agreement to evaluate the technical and commercial feasibility of a transnational terrestrial gas pipeline and distribution facility that will carry natural gas from Mozambique’s Rovuma fields into South Africa, with.... Read more »

Posted on : Wednesday , 10th December 2014

US$116m set aside for construction of two open markets in Kenya

The Government of Kenya is planning to construct a US$ 74.2m open market in Athi River, Machakos County and another US$ 42m market in Murang’a, Murang’a County. East African Affairs, Commerce and Tourism secretary Phyllis Kandie indicated that the tendering process for the project will be done next year, and that the project is expected to be complete within two years after the process. The open market construction.... Read more »

Posted on : Wednesday , 10th December 2014

ARM Cement to increase investments in East Africa

East African cement maker ARM Cement has announced an increase in investments across the region as the demand for cement continues to rise. A statement from the company revealed that ARM Cement will complete some pending projects this year, and begin new ones in 2015. The company, which has plants in Kaloleni and Athi River in Kenya, as well as Dar es Salaam and Tanga in Tanzania, will complete one more grinding plant in Tanga in.... Read more »

Posted on : Wednesday , 10th December 2014

Samsung is investing in effective medical solutions tailored for South Africa

Samsung Electronics South Africa has invested significantly into the medical sector, with the aim of using the latest in technological innovation to assist in delivering transformational change in the health sector in Africa.Through its Health and Medical Equipment portfolio, Samsung has developed market-leading solutions in areas including Digital Radiology, Ultrasound and IVD (in-vitro diagnostics), to help address some of the significant.... Read more »

Posted on : Wednesday , 10th December 2014

Kenya: Karen Hospital Installs Philips' Ingenia Digital Broadband MRI System

Philips East Africa and the Diagnostic Imaging Department at Karen Hospital have inaugurated the Philips Ingenia 3.0T MRI, billed as the first-ever digital broadband magnetic resonance imaging (MRI) solution.Driven by Philips’ commitment to developing innovative patient care solutions, the Ingenia MR delivers exceptional image clarity, scanning efficiency and scalability. Karen Hospital has acquired one of the most advanced MRI systems of.... Read more »

Posted on : Wednesday , 10th December 2014

Kenyan government raises US$2 billion

he government paper was oversubscribed to US$8.8bn although the government was interested in just US$2bn. The money will pay for key infrastructure projects such as the Lamu Port, the US$3bn worth Galana-Kulalu irrigation project at the Coast and geothermal power project development in the Rift Valley. “Access to international capital markets will help reduce our domestic borrowing. This will leave greater room for private sector.... Read more »

Posted on : Wednesday , 10th December 2014

Tanzania signs investment deals worth US$1.7bn with China

The deals would cover areas such as infrastructure, power distribution, real estate and business cooperation, added Kikwete. A report in Reuters Africa has stated that the countries will develop a satellite city worth US$1bn and a financial centre worth US$500mn in Dar es Salaam. The two projects are jointly developed by the China Railway Jianchang Engineering Company and Tanzania’s National Housing.... Read more »

Posted on : Wednesday , 10th December 2014

Africa to be prime stop for future Global Investors

The report titled Capital Projects & Infrastructure in East Africa, Southern Africa and West Africa,was drafted after a survey was conducted among 95 players in the infrastructure sector such as government bodies, private financiers, development finance institutions and construction companies across East, West and southern Africa. The sectors that were part of the survey included water, transport and logistics, energy, mining,.... Read more »

Posted on : Wednesday , 10th December 2014

Africa Woos International Investors in UAE

A large gathering of telecoms investors and the global Information and Communications Technology (ICT) community in Doha, Qatar, on Sunday of the investment opportunities that abound in the country, especially in the area of broadband. Despite attaining active telephone line connectivity of over 134 million and a teledensity of 96 per cent, the federal government, yesterday said there is much to do to achieve an all inclusive penetration of.... Read more »

Posted on : Wednesday , 10th December 2014

Rift Energy identifies 5 drillable targets within Kenya s Block L9

Rift Energy Corp has confirmed it has identified five drillable prospects and at least 21 leads within Block L19 in Kenya. This follows completion of the interpreting or mapping phase of its 724 KM 2D seismic program as well as information from the Aerial Gravity & Magnetic Survey and Geochemical Survey, both of which were completed during 2013. Rift Energy President and CEO Fred Zaziski says the results puts the.... Read more »

Posted on : Tuesday , 9th December 2014

The European Union signs bilateral trade treaties with�Africa

fter twelve years of wrangling, the EU finally concludes bilateral trade treaties with 44 Sub-Saharan countries The European Union – the continent's biggest trading partner – has now signed up most sub-Saharan African countries to bilateral or regional Economic Partnership Agreements (EPA). The framework sets the stage for increasing liberalisation of trade and the reduction of tariffs. Only the disputed Western Sahara and.... Read more »

Posted on : Tuesday , 9th December 2014

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