Market News Page No. 525| Africa Business News | Afrotrade

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N e w s

Kenya to diversify plans to encourage foreign investment

On Monday, Kenyan President Uhuru Kenyatta, addressed stakeholders at a textile exhibition in Nairobi informing them of his strategy to redesign certain policies to make Kenya an attractive region for investment, Standard Digital reported. ‘We want to be among the first movers in Africa by creating an enabling environment to attract investment’, he said. Forming part of the ‘attractive.... Read more »

Posted on : Monday , 24th November 2014

Phosphorite mining exploration investment opportunity

Baobab Equity Management (Pty) Ltd is a Namibian owned company that was awarded an Exploration Prospecting Licence (EPL) to explore for phosphorites off the shores of Namibia in 2010. The company appointed a South African based geological expert to perform a preliminary desktop review of the deposit. The size of the shelf phosphorite deposit is impressive in terms of extent and phosphorite content. The EPL occurs within the.... Read more »

Posted on : Monday , 24th November 2014

Partners sought for Industrial growth & expantion project in Africa

Zambian International Trade & Investment Centre (ZITIC) seeks potential investors and joint venture partners are sought for new mining exploration projects in Zambia. An exploration licence has already been obtained from the authorities for copper, gold and other minerals in North-Western Province amongst operational mines that include Lumwana, Kansanshi and the Sentinel project by First Quantum Minerals. Investors.... Read more »

Posted on : Monday , 24th November 2014

Solar Light Library Loans Pico-PV Lanterns to Rural Senegalese Schoolchildren

The World Bank Group's 'Lighting Africa' initiative has funded an innovative library of solar lights, benefiting 55,000 rural Senegalese. The Light Library is stocked with 4,798 solar lanterns, which are available for use by 6,115 students and their families. The project has several development attributes, including boosting uptake and demand for clean energy lighting sources, increasing rural access to electric amenities,.... Read more »

Posted on : Monday , 24th November 2014

FG looks to marginal fields for gas to feed NIPP plants

The Federal Government is looking up to the operators of marginal fields for gas supply to power a number of completed power projects currently bogged down by gas supply challenges. Last month, the Presidency met with investors in the National Integrated Power Projects, the Niger Delta Power Holding Company, Bureau of Public Enterprises and gas companies over what it described as “a stalled state” of the NIPP plants.... Read more »

Posted on : Saturday , 22nd November 2014

Zambia: 'Import Duty to Increase Oil Prices

THE increase of duty on imported edible oil will increase the prices of cooking oil in Zambia, cross border traders in Lusaka have said. In the 2015 Budget, the Government has proposed to increase the specific duty rate on refined edible oil to K2.20 per kilogramme from 85 ngwee per kilogramme to bring it the same as 25 per cent charged on imported refined edible oil. But traders say instead of increasing the import duty.... Read more »

Posted on : Saturday , 22nd November 2014

Investment opportunity to produce aluminium alloy wheels in Africa

The facility is earmarked to be an aluminium alloy manufacturing factory to provide products to both the original equipment manufacturers (OEM) and after-sale markets, locally and internationally. Negotiations are already underway to export the product to the United Kingdom (Wofrace and Dymang) and for the local supplier of OEMs Ford, Toyota and Hyundai. Raw material for production is readily available from BHP Billiton’s.... Read more »

Posted on : Saturday , 22nd November 2014

Piston manufacturing project seeks investment

The African aluminium industry is one of the industrial pillars of the South African economy. The country has primary smelters of its own which are performing well. South Africa’s last remaining piston manufacturer closed in the last five years, a victim of the global slowdown in the automotive industry. The country now imports pistons from various parts of the world to support the automotive industry and.... Read more »

Posted on : Saturday , 22nd November 2014

Seeking investment for Industrial Development

The Richards Bay Industrial Development Zone is seeking investors to invest in the production facility for carbonaceous paste for electrodes used in furnace linings. Carbonaceous electrode paste is used in closed electric smelting furnaces as a continuous self-baking electrode to produce calcium carbide and ferro-alloy. During the furnace operation the electrode paste acts as current conductor. Electrode paste is produced from.... Read more »

Posted on : Saturday , 22nd November 2014

Eni and Sonangol sign deal to develop gas in Angola

Angola-based Sonangol and Italy’s Eni have signed a cooperation agreement to develop gas resources in the southern African country According to the agreement, Eni and Sonangol will set up a joint team to study the potential of gas present in the Lower Congo Basin located offshore Angola. The joint team will then analyse the different gas valorisation options in both the international and the domestic market where.... Read more »

Posted on : Friday , 21st November 2014

TDW s SmartPlug aids safe execution of gas valve upgrade project offshore

Pipeline services specialist T.D. Williamson (TDW) has recently completed a gas valve upgrade project on a deepwater gas export pipeline offshore New Orleans in Gulf of Mexico with its SmartPlug tool TDW used its remote-controlled SmartPlug to isolate pressure in specific sections of pipelines and risers so that repairs or interventions can be carried out safely. Initially in 2012, TDW was required to isolate a 16-inch gas riser.... Read more »

Posted on : Friday , 21st November 2014

Tullow to commence drilling onshore Kenyan basin

UK-based oil and gas exploration firm Tullow has announced that it will start drilling for oil in the North Turkana Basin, located onshore Kenya TulloowTullow has also started to work on a series of basin opening wildcat wells in Kenya. The company said that the result from the basin-testing well will be made public early 2015. In addition to the drilling activities, the firm expects to drill five more exploration wells across its.... Read more »

Posted on : Friday , 21st November 2014

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