Market News Page No. 463| Africa Business News

Rosneft to supply EGAS with LNG

The oil major, which has no facilities to liquefy natural gas, will send at least 3.5 million tons of LNG to the Egyptian Natural Gas Holding Company. 24 cargoes will be supplied over a two-year period. Russian oil major Rosneft plans to source and export liquefied natural gas (LNG) to Egypt. The company, which has no facilities to liquefy natural gas, will send at least 3.5 million tons of LNG to the Egyptian Natural Gas Holding Company.... Read more »

Posted on : Friday , 17th July 2015

KPC secure Sh35 billion for new Mombasa-Nairobi pipeline

KENYA Pipeline Company has secured a $350million (Sh35.6 billion) loan to finance the construction of a new 450-kilometre oil pipeline from Mombasa to Nairobi. The state owned oil distributor will upgrade to a 20 inch ultra-modern multi-product oil pipeline to replace the more than 30 year old - 14 inch pipeline currently in use. Speaking during the loan signing with a consortium of six banks, KPC acting managing director.... Read more »

Posted on : Friday , 17th July 2015

Chryso Southern Africa Group expands office to Nairobi

Chryso Southern Africa Group which is a leading manufacturer of chemicals used in the construction industry is set to erect a factory in Kenya as from 2016. At the moment, it has opened an office in Nairobi so as to expand its services in the East African region. “Servicing customer needs is our primary driver and the establishment of Chryso Eastern Africa further underlines our strategy to further expand our footprint in.... Read more »

Posted on : Friday , 17th July 2015

America's Powerhive to become Kenya�s first licensed private power utility

Powerhive East Africa which is an American energy technology venture is yet to become Kenya’s first licensed private utility to sell power to the public, leading to and end of a half-century monopoly by Kenya Power electricity firm. In the beginning of this year, the government granted the company with the authorization to supply electricity to rural homes. For over two years now, Powerhive has been running pilot schemes in.... Read more »

Posted on : Friday , 17th July 2015

Top 4 reasons to venture into Africa construction industry

Africa: When one first pronounces Africa what comes in every mind is the rich resources and development rate that has been recorded in the recent times much of it due to Africa construction activity Currently the continent has attracted various investors from all over the world because no doubt the continent is growing at a quick rate and it has low debt levels and a youthful population that is more focused. The African equity exchange-traded.... Read more »

Posted on : Thursday , 16th July 2015

Tunisian winemakers remain upbeat despite concerns

The two Muslim women in headscarves pull out weeds from between chardonnay vines at a vineyard in north eastern Tunisia. They say that their faith is no barrier to doing their job. "What else can we do? There is no other work," says one of the women. "We don't drink in our family," adds her friend. "But everyone should decide for themselves." The two women continue to tend the rows of budding vines under.... Read more »

Posted on : Thursday , 16th July 2015

America's Powerhive to become Kenya�s first licensed private power utility

Powerhive East Africa which is an American energy technology venture is yet to become Kenya’s first licensed private utility to sell power to the public, leading to and end of a half-century monopoly by Kenya Power electricity firm. In the beginning of this year, the government granted the company with the authorization to supply electricity to rural homes. For over two years now, Powerhive has been running pilot schemes in.... Read more »

Posted on : Thursday , 16th July 2015

National Construction Authority, Kenya at 18th BUILDEXPO AFRICA 2015

Architect Steven Oundo, Chairman of NCA ( National Construction Authority Of Kenya ) addressing Buildexpo Audience " It is a pleasure to be associated with this milestone event ", said Architect Steven Oundo, Chairman of NCA. " In life, we have three needs - Food, Clothing & Shelter. Buildexpo caters to one of the most important fundamentals input that is shelter. I'm delighted to see the number of players in the industry.... Read more »

Posted on : Thursday , 16th July 2015

Oil and gas waste monitoring system to be installed in East Africa

The ministry of water and environment on Monday commissioned oil and gas waste monitoring system that will reinforce Uganda’s preparedness to control pollution as it moves closer to start extracting oil. The online real-time water quality monitoring system is an assortment of sophisticated equipment and machines that will be able to detect any form of foreign substance in water and relay information to the control centre in.... Read more »

Posted on : Wednesday , 15th July 2015

Oil refinery to be constructed in East Africa

Construction of an oil refinery in Hoima District is expected to start before December this year, the Ministry of Energy and Mineral Development has said. “It is anticipated that construction will start in 2015 and first phase of the refinery will be ready around 2018,” said Ms Catherine Bekunda, a communications officer in the Ministry of Energy’s Directorate of Petroleum. She was speaking during a one-day.... Read more »

Posted on : Wednesday , 15th July 2015

Apex Steel signs up again as the Gold Sponsor of 19th BUILDEXPO AFRICA 2016

Expogroup is proud to welcome on board Apex Steel from Kenya, as the GOLD SPONSOR of the 19th BUILDEXPO AFRICA 2016. Apex Steel Ltd is one of Kenya’s largest integrated building and engineering material suppliers. Headquartered in Nairobi, Kenya, the company conducts business throughout the East and Central African regions. Engaged in the manufacturing of steel, and trading in a wide range of building materials, engineering steel, and.... Read more »

Posted on : Wednesday , 15th July 2015

Dr. Wilson Songa, Hon'ble Principal Secretary, Ministry of Industrialization & Enterprise Development at 18th Buildexpo Kenya 2015

As the Chief Guest at the opening of the event, the minister took the opportunity to mention some core issues in increasing interaction and foreign collaborations using the platform Buildexpo provides." We need to create an environment to attract foreign investments. To achieve this, we need to build up the confidence of investors and provide them incentives " he emphasized. " The ministry is working hard to establish special.... Read more »

Posted on : Wednesday , 15th July 2015