Market News Page No. 518| Africa Business News | Afrotrade

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BP s operates the world s first robotic coreflooding system

BP recently announced that it is now operating the world’s first robotic coreflooding system the most recent addition to BP’s programme of enhanced oil recovery (EOR) research facilities. Coreflooding which is one of the most important techniques used to identify and evaluate EOR technologies measures the effectiveness of water or gas injected into an oil-bearing rock sample to displace oil and can also be used to.... Read more »

Posted on : Monday , 8th December 2014

ENI plans to diversify natural gas exploration in Mozambique

The ENI group wants to use different methods for natural gas exploration in the Rovuma basin in northern Mozambique and production is expected to start in 2019, the Managing Director of the company for the region said Wednesday in Maputo. Fabrizio Trilli said the success of the Italian group’s project should not be limited to extraction and export of liquefied natural gas (LNG), so the group, as early as 2015, want to start.... Read more »

Posted on : Saturday , 6th December 2014

University of Zambia to spend US$750m in building solar energy laboratories

In a bid that will help meet growing demand for electricity in the countries at the south of Africa, the University of Zambia is planning to venture in constructing solar energy laboratories. Prem Jain, head of energy, environment and research at the university (Energy, Environment and Research Group), has said that the project will also avail an opportunity for students to qualify to work in related fields. This is because it will avail.... Read more »

Posted on : Saturday , 6th December 2014

Ireland & Africa establish a business relationship

Irish entrepreneurs have already decided. They said yes to Africa! By 2020, trade between Ireland and Africa is to reach $ 24 billion. An Irish-African Economic Summit held in Dublin. At the summit, it turned out that every tenth head of international corporations’ plans to establish a business relationship with Africa in the near future. Reference here to Sean Sherlock – Irish Minister for Development. During the inaugural.... Read more »

Posted on : Saturday , 6th December 2014

Investment Boost for Tanzania

For Tanzania, it is much more than just an injection of cash. According to the authorities, it is a revolution. A revolution in the energy market, where each dollar invested wisely may give rise to subsequent significant changes. 78 million dollars. In the world of big business, such a sum does not cause anyone to suffer from vertigo. However, for Tanzania it is a real mountain of gold especially that the money will be allocated to one,.... Read more »

Posted on : Saturday , 6th December 2014

Innovators & investors head towards developing Africa

Berlin Africa Economic Forum was held in Berlin and it concerned Innovations. The Forum was organized by The “German – African Business Association (AV)” and hosted by Deutsche Bank in Berlin. In the foreword to the meeting the chairman of the AV, Dr Stefan Liebing highlighted the way Africa skipped the time of wired phones to the time of mobile devices suggesting that the same qualitative change may happen in the energy.... Read more »

Posted on : Saturday , 6th December 2014

Turkey � a strategic partner for Africa

So claims, the Minister for Foreign Affairs of Turkey – Mevlut Cavusoglu. He writes about this in his article, which was circulated to the media in Somalia, Ethiopia, Uganda and Rwanda. Comments on the partnership are not accidental. The Turkish-African summit shall be held in the capital city of Equatorial Guinea – Malabo between 9-10 November. The head of the Turkish MINISTRY of FOREIGN AFFAIRS stresses that his country.... Read more »

Posted on : Saturday , 6th December 2014

Nairobi: Chandaria Industries buys stake in low-cost car firm

Billionaire businessman Mahesh Chandaria’s family has acquired an undisclosed stake in Mobius Motors, the start-up auto firm that is building Africa’s cheapest car. Chandaria Industries, makers of hygiene products that are the flagship of the Chandaria Group, made the investment through capital injection into Mobius in return for a stake in the early stages of the car maker, highlighting increased investor interest in the.... Read more »

Posted on : Friday , 5th December 2014

Tanzania: Dar to Construct Embassy Building in Kenya

Dodoma — THE government, through the Ministry of Foreign Affairs and International Cooperation, is planning to construct an office building and an investment venture in Nairobi, Kenya. The Deputy Minister in the ministry, Mr Mahadhi Juma Maalimu, told the Parliament that the project is part of government's strategic plan to involve the country's pension funds in implementing development projects in the nation's foreign.... Read more »

Posted on : Friday , 5th December 2014

Kenya: Sh12 Billion Moyale Road 40 Percent Done, Reports KeNHA

The Sh12 billion Turbi-Moyale Road is 40 per cent complete, the Kenya National Highways Authority has said The project is the third and last phase of the Mombasa-Nairobi-Addis Ababa Road Corridor Development project. Kenha said movement of goods and services will be enhanced once the project is completed. The project, financed by the African Development Bank, was started by President Mwai Kibaki in October 2012. It is expected to be completed.... Read more »

Posted on : Friday , 5th December 2014

Nissan sets aside Sh1.3bn for new showrooms in Kenya

Nissan is set to open four new showrooms in major towns across the country in a Sh1.3 billion expansion plan which will also include opening of new service centres. Crown Motors, which in August replaced DT Dobie as the Kenyan franchise holder of the Japanese vehicle brand, said it would open showrooms in Mombasa, Kisumu, Eldoret and Naivasha by the end of next year. The Mombasa showroom is set to open in two months, adding to the.... Read more »

Posted on : Thursday , 4th December 2014

Ashok Leyland bags $79.2 million project in Tanzania, Zimbabwe

Hinduja Group flagship firm Ashok Leyland has announced bagging of two large integrated transport projects in Tanzania and Zimbabwe worth a total of $79.2 million. As part of the project, the company will supply trucks, buses, light commercial vehicles, spares and allied support services, includes training and developmental consultancy, Ashok Leyland said in a statement. Besides, the company will also address a.... Read more »

Posted on : Thursday , 4th December 2014

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