Market News Page No. 86| Africa Business News

Kenya gets into a Deal for First Ever Oil Development

Kenya has signed a Head of Terms agreement with joint venture partners, Africa Oil, Tullow Oil plc and TOTAL S.A for the very first development of an oil processing facility and a crude oil export pipeline. The agreement signed by the Ministry of Petroleum and Mining on behalf of the government will see the oil majors build a 60,000 – 80,000 barrels per day (bpd) processing facility for oil identified in the country’s northwest and,.... Read more »

Posted on : Thursday , 1st August 2019

De La Rue Kicks off Major Partnership with Kenyan Government on Security Printing

De La Rue plc ("De La Rue" or the "Group") will be bringing its security printing expertise to Kenya with the start of its joint venture with the Kenyan government on its currency and secure printing site in the Republic of Kenya, Nairobi. Recognised as the world's largest commercial currency and security printer, De La Rue with this new joint venture aims to strengthen and build on the Group's existing long-term.... Read more »

Posted on : Thursday , 1st August 2019

TDB BANK WILL FUND VARIOUS RENEWABLE ENERGY PROJECTS

Trade and Development Bank (TDB), a bank located in Bujumbura, Burundi, aims to invest in renewable energy projects in East Africa. The bank already has a focus on geothermal energy in countries such as Kenya and Ethiopia. Several self-reliant power producers (IPPs) are currently in discussions with the Trade and Development Bank (TDB), a commercial bank possessed by the Member States of the Common Market for Eastern and Southern Africa.... Read more »

Posted on : Thursday , 25th July 2019

KOKO Introduces First Network of 700 'KOKOpoints' in Nairobi

KOKO, a Venture-backed technology company Networks has launched its first network of 700 ‘KOKOpoints’ inside neighbourhood shops across Nairobi The urban cooking fuel market is estimated more than US$20bn in Africa and remains dominated by dirty cooking fuels such as charcoal, which is produced through deforestation and causes millions of early deaths through indoor air pollution. KOKO’s market-leading technology platform.... Read more »

Posted on : Wednesday , 2nd October 2019

Qatar Petroleum acquires interest in three offshore Kenya blocks in deal with Eni and Total

Qatar Petroleum has acquired three offshore blocks (L11A, L11B and L12) in Kenya after closing a deal with Eni and Total the company has announced. The partners comprising the consortium will consist of affiliates of each of Eni (the operator) with a 41.25% participating interest, Total with a 33.75% participating interest, and Qatar Petroleum with a 25% participating interest. Prior to the agreement Eni and Total held 55% and 45% interest share.... Read more »

Posted on : Wednesday , 24th July 2019

Leaders from Energy, Solar, Oil & Gas industry to meet at KICC, Nairobi

POWER & ENERGY AFRICA is back with the latest edition from the 25th – 27th of July 2019 at the Kenyatta International Convention Centre, Nairobi in Kenya. Co-located with the 8th edition of this event is also the 6th SOLAR and the 8th OIL & GAS Kenya, catering to greater number of audience from a wide industry base that is relative to the energy sector. The much awaited event will be inaugurated by Hon. Eng. John k. Mosonik, CBS,.... Read more »

Posted on : Tuesday , 23rd July 2019

Leaders from Energy, Solar, Oil & Gas industry to meet at KICC, Nairobi

POWER & ENERGY AFRICA is back with the latest edition from the 25th – 27th of July 2019 at the Kenyatta International Convention Centre, Nairobi in Kenya. Co-located with the 8th edition of this event is also the 6th SOLAR and the 8th OIL & GAS Kenya, catering to greater number of audience from a wide industry base that is relative to the energy sector. The much awaited event will be inaugurated by Hon. Eng. John k. Mosonik, CBS,.... Read more »

Posted on : Tuesday , 23rd July 2019

Leaders from Energy, Solar, Oil & Gas industry to meet at KICC, Nairobi

POWER & ENERGY AFRICA is back with the latest edition from the 25th – 27th of July 2019 at the Kenyatta International Convention Centre, Nairobi in Kenya. Co-located with the 8th edition of this event is also the 6th SOLAR and the 8th OIL & GAS Kenya, catering to greater number of audience from a wide industry base that is relative to the energy sector. The much awaited event will be inaugurated by Hon. Eng. John k. Mosonik, CBS,.... Read more »

Posted on : Tuesday , 23rd July 2019

Mcx Environmental to construct 30-Megawatt Solar Park in Mwale Kenya

Mwale Medical and Technology City (MMTC), Kenya's green city under construction, will soon be armed with a solar photovoltaic plant. The 30 MW plant will be constructed by the American company MCX Environmental Energy Corp. MCX Environmental Energy Corp, a US company specializing in renewable energy production, declared that it will build a solar photovoltaic park in Mwale Medical and Technology City (MMTC), a new city under construction in.... Read more »

Posted on : Monday , 22nd July 2019

Autoexpo Kenya to open tomorrow at KICC in in Nairobi

The 22nd Autoexpo Africa is being held in Kenya at the KICC Nairobi, from the 18th to the 20th of July 2019. East Africa’s premier Automotive Spareparts Accessories and Equipment fair features exhibitors from over 30 countries who are the leaders in the automotive industry will be showcasing their products, services and equipment. Celebrating its 22nd anniversary, the leading trade exhibition for automobile, truck and bus parts,.... Read more »

Posted on : Wednesday , 17th July 2019

Tanzania SGR project's final phase to be financed by China

Foreign Affairs Minister Mr Palamagamba Kabudi declared that Tanzania’s Standard Gauge Railway (SGR) project is going to receive fund from China. He added that the Government of China wanted to support the SGR at the later stage of the project and currently evaluating the project before it engages in further talks. Exim Bank of China proposed its intention to support the SGR in the initial stages, but the proposal was rejected based on.... Read more »

Posted on : Wednesday , 10th July 2019

Tanzania receives a major dam in Lumakali announced by the Government of Tanzania

The government of Tanzania announces the construction of a major dam in Lumakali, Njombe District. Deputy Minister of Energy Mr Subira Mgalu declared the report and states that the authorities are currently involved in reviewing the feasibility study conducted in 1998. The construction of this 388.2m high dam and power centre will produce 222MW of electricity which will be distributed from Lumakali to Mbeya. This project is probably going to.... Read more »

Posted on : Tuesday , 9th July 2019