Market News Page No. 548| Africa Business News | Afrotrade

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China to transfer renewable energy technology to Africa

China to work on a US$2.7mn project with Ghana to transfer renewable energy technology to the African nation Officials from the the Chinese and Ghanian governments consolidated the partnership, according to a report from the United Nations Development Programme (UNDP). Entitled ’China-Ghana-South-South Cooperation on Renewable Energy Technology Transfer’, the alliance marks the objective of the Chinese government to transfer.... Read more »

Posted on : Monday , 22nd September 2014

Over US$ 1bn worth wind power plants to be completed in Egypt within 3 years

A network of wind power farms, with 600-megawatts will be set up in Egypt in three years. This is according to Egyptian Vice President Wael Hamdy. El Sewedy Electric, which is the company planning to build the farms, will start on measuring wind speeds, assessing key environments and carrying out topographic studies in relation to the wind power plants project. Elsewedy Electric was named on July as the winner of the state tender.... Read more »

Posted on : Monday , 22nd September 2014

Egypt to tender for 8Gw power generation projects

Egypt is planning to offer two tenders for projects that will see it add 8GW of coal power, wind and solar, according to Minister of Investment Ashraf Salman. The Minister said last week that two coal power plants will be constructed in the 2014/2015 fiscal year (as part of the overall plan), and will help the country meet the growing need for electricity. A power generation project relating to generating 4Gw of power.... Read more »

Posted on : Monday , 22nd September 2014

Zimbabwe to Get 1200MW Thermal Power Station

A 1200 MW thermal power station and a coal mine are set to be constructed in Western Zimbabwe, after three firms from China came up with the proposal. These projects will help cut down on power shortages in a country where only 1100MW of power is being produced at the moment. This is just half of what consumers really need. The three companies under the thermal power station deal are Shanghai Electric, Shenergy Co Ltd.... Read more »

Posted on : Monday , 22nd September 2014

Power sector investment ll hit $20bn in 2017 �NERC

Investment in electricity will average $20bn per annum in 2017, the Chief Executive Officer, Nigerian Electricity Regulatory Commission, Mr. Sam Amadi, has said. Amadi spoke at a seminar tagged, ‘Dividends of Privatisation of the Nigerian Power Sector’, organised by the financial services group of the Lagos Chamber of Commerce and Industry. Amadi, who was represented by the Head of NERC South West, Zonal Office, Mr..... Read more »

Posted on : Friday , 19th September 2014

Kenya oil resources to almost double with more drilling

Kenya expects its estimate of oil resources to almost double to 1 Bbbl as well-drilling climbs and the government forges ahead with plans to build an export pipeline, an energy ministry official said. Tullow Oil Plc. and its partner Africa Oil Corp. have discovered an estimated 600 MMbbl of oil in the South Lokichar basin since announcing the country’s first crude find in March 2012. The discovery has spurred the East African nation.... Read more »

Posted on : Friday , 19th September 2014

US$ 331m to be spent on road network expansion in Ethiopia

The Addis Ababa City Roads Authority (AACRA) has set aside US$331m for roads in the Addis Ababa city, Ethiopia. The city of Addis Ababa presently has a road network covering 4671km, which is expected to be increased to 5275km. The project seeks to add 600km of road to the city’s road network. The Akaki Kaliti-Tulu Dimtu road will also be expanded, and reconstruction of the Akaki Bridge as part of this.... Read more »

Posted on : Friday , 19th September 2014

Phase II of PDGM gas distribution project to kick off in Mozambique

The second phase of distribution of Maputo and Marracuene Natural Gas Distribution Project (PDGM) is set to begin in a few days, according to Mozambique’s National Hydrocarbon Company (ENH). This is after the signing of contract last Friday, between ENH-Kogas and Kogas-Mocambique, the sole contractor in the whole process. Phase II of the Maputo and Marracuene Natural Gas Distribution Project will entail construction of a.... Read more »

Posted on : Friday , 19th September 2014

Eren Holdings to invest in a new cement production plant in Cameroon

CEO of Turkish Eren Holdings has signed an investment agreement that will see the company undertake a new project, involving construction of a new cement production plant in Cameroon. The agreement was signed last week between the CEO and government of Cameroon. The new cement plant will be constructed by Eren, through its local subsidiary, Medcem Cameroon. Expected to be operational in 2015, the cement.... Read more »

Posted on : Friday , 19th September 2014

Construction of Nairobi s tallest tower now awaits court s approval

Construction of Hazina Trade Centre into what is to be Nairobi’s tallest tower has been stalled, pending a court ruling to be made in seven days. The project was being undertaken by the National social Security Fund (NSSF) at a cost of US$ 75m. The construction project had been challenged by Nakumatt Holdings, whose Nakumatt Lifestyle branch is housed in the current building. NSSF owns the Hazina Trade Centre. This is after.... Read more »

Posted on : Friday , 19th September 2014

Zambia s US$259.3m Kazungula Bridge project kicks off

Construction of the large Zambia’s Kazungula brigde has started after the ground-breaking ceremony was held on the Botswana side of the Kazungula border on 12th of this month. The ground-breaking ceremony was led by Vice –President Guy Scott and his Botswana counterpart, Ponatshego Kedikilwe. The former urged the contractor and supervising engineer to wrap up on working on a US$259.3 Kazungula Bridge project.... Read more »

Posted on : Friday , 19th September 2014

New US$ 2.6bn Safi thermal power plant to be built in Morocco

All is set for construction of the to-be-largest ever thermal power in Morocco, Safi thermal power plant, after signing of investment contract relating to the setting up of the plant. The signing of the contracts was done in presence of Government Chief Abdelilah Benkirane in Rabat on Wednesday this week. Once completed, Safi thermal power plant will give off 1, 386MW of power and will be part of the government’s strategy to.... Read more »

Posted on : Friday , 19th September 2014

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