Market News Page No. 458| Africa Business News | Afrotrade

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East Africa to explore more mining options, and develop trade expansion

Rwanda has signed mining contracts with six mining companies to exploit 10 mining concessions that could potentially bring about profits to the tune of US$45mn over the next five years stripmine-tomdef-sxchuThe six companies will mine tantalum, tin and tungsten ores. The concessions are in the western part of Rwanda and will bring in investments of about around US$9mn, stated a Reuters report. Of the six companies awarded.... Read more »

Posted on : Saturday , 1st August 2015

Governors to Get a Seat in Minerals Board

A representative of the Council of Governors will sit at the Mineral Rights Board after a Senate committee introduced changes to the Mining Bill set to be debated Thursday.Senate needs to pass the Bill to beat the August 27, deadline of publishing the Mining Bill, which will have a huge impact on the mining sector. Introduction of membership from governors is seen as a key strategy to mediate conflicts arising from confrontations between.... Read more »

Posted on : Friday , 31st July 2015

Danakali�s Pilot Plant Testing on Schedule for Colluli Potash

Danakali, formally South Boulder Mines, has continued to tick off the milestones during the June quarter as it advances the Colluli Potash Project.The project which is located in the Danakil region of Eritrea, East Africa, and is a 50/50 project is a joint venture between the Eritrean National Mining Company (ENAMCO).The Danakil region is an emerging potash province, and one of the largest unexploited potash basins in the world. To date over 6.... Read more »

Posted on : Friday , 31st July 2015

Construction of Kipeto wind farm to supply Kenya power

Kenya Power has signed an agreement with Kipeto Power that will see the generation of electricity in Oldonyo Narok, Kajiado. The construction of Kipeto wind farm to supply Kenya power with 100MW will greatly boost Kenya’s supply. Kipeto has successfully received US$ 233m financing from the Overseas Private Investment Corporation (OPIC) which is the development fund of the United States government, for the wind.... Read more »

Posted on : Friday , 31st July 2015

Base resources achieves a 9% increase in production

Base Resources Limited has released its quarterly operational update for the Kwale mineral sands operations located in Kenya. With consistently high availabilities and increased throughput in both the wet concentrator plant and mineral separation plant, the Company remains focused on driving product recoveries and increasing throughput opportunities. The Company reported a 9% increase in production of final products.... Read more »

Posted on : Thursday , 30th July 2015

Construction in Tanzania of US$ 20m fertilizer terminal to be completed

The construction in Tanzania of a US$ 20m fertilizer terminal near the port of Dar es Salaam which is projected to make Tanzania a regional agricultural input distribution hub is set for opening in September this year. The construction in Tanzania of the modern revolving fertilizer terminal which will also help to make quality fertilizer more readily available to both large and small scale farmers is currently on its.... Read more »

Posted on : Thursday , 30th July 2015

Tanzania-Kenya Highway Upgrade to Boost Trade

The upgrade of a key link road between Tanzania and Kenya is underway, raising prospects for enhanced cross-border trade. The expansion of the multimillion-dollar superhighway running from Arusha-Holili in Tanzania to Taveta-Voi in Kenya, is expected to ease the movement of goods from Kenya's Mombasa port to landlocked countries. The superhighway, which will be implemented in two phases on the Tanzanian side, commenced with a 14km four-lane.... Read more »

Posted on : Thursday , 30th July 2015

Tanzania: TBA Out to Build Houses for Civil Servants

Siha — TANZANIA Building Agency (TBA) has initiated housing projects in efforts to ensure civil servants own houses. TBA Chief Executive Officer, Mr Elius Mwakalinga said here yesterday that its research has determined that many civil servants are in dire need of houses as they own none. Mr Mwakalinga said the challenge is huge because the number of houses needed as of now is about 400,000 all over the country. The officer said they.... Read more »

Posted on : Thursday , 30th July 2015

Uganda President meets Total executives over Crude oil pipeline construction

Uganda President Yoweri Museveni has held a meeting with Total’s Exploration and Production Africa Division Vice President Jabier Rielo over the development of a crude oil pipeline ahead of production in 2018. The meeting was also attended by the Minister for Energy and Mineral development Eng. Irene Muloni and the Permanent Secretary Ministry of Energy Mr. Kabagambe Kalisa. Uganda is planning to a construct an oil.... Read more »

Posted on : Thursday , 30th July 2015

AFRICA OIL TO COMMENCE DRILLING BLOCK 12A BASIN OPENER IN OCTOBER

Block 12A joint venture partners Tullow Oil and Africa Oil have announced they will spud the Cheptuket exploration well in October to test a basin bounding structural closure in the Kerio Valley Basin in a similar structural setting to the successful Ngamia and Amosing discoveries. The Cheptuket well formerly refered to as Lekep-A is located in Elgeyo Marakwet county in Kenya’s Rift Valley where the oil firms had already.... Read more »

Posted on : Thursday , 30th July 2015

KENYA, UGANDA TO COMMENCE OIL PRODUCTION IN MID 2020 � TULLOW OIL

Kenya and Uganda could start producing oil three and a half years after project sanction expected by the end of 2016 according to the latest half year results by the company. According to the report the company expects to have drilled 200 to 300 wells in phases in Kenya almost of those to be drilled in neighboring Uganda where the company targets 500 wells. Currently the development initially targets the South Lokichar.... Read more »

Posted on : Thursday , 30th July 2015

Africa's new Industrial Park construction begins

Africa has begun the construction of a US$ 246m park dubbed Hawassa Industrial Park; this was confirmed after the signing of an agreement between Ethiopia and China Civil Engineering Corporation(CCECC). The mega development is projected to be complete in the next 9 months with the MH Engineers as consultants focusing on the garment manufacture and agro-industry. Construction of the Hawassa Industrial Park, which began following.... Read more »

Posted on : Thursday , 30th July 2015

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