Market News Page No. 140| Africa Business News | Afrotrade

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Kenyan Government turns focus toward ramping up oil and gas production

The opportunities lying in the oil and gas sector want to be utilized notes the Ministry of Petroleum and Mining, as Kenya looks to commercialize production of petroleum in 2021 with export already planned and scheduled for the year 2023. While only 10,000 square kilometers of its 85,000 square kilometers of oil and gas basin has been explored .i.e. only 12 % found in the country has been revealed by the Kenyan government. If the reserves.... Read more »

Posted on : Thursday , 25th April 2019

LUMEGA KENYA LED AND OFF GRID LIGHTING UP AFRICA WITH NEW PROJECTS AND SCHEMES

LEDs are on the rise in Kenya, and Lumega have been fortunate enough to be taken into account as being both an indoor and outdoor supplier to exciting projects in the great country. Lumega is an architectural lighting company, delivering our services to professional companies and hereby making the process of choosing LED lighting easier. Having the knowledge that for professional companies like contractors and architects, finding the right LED.... Read more »

Posted on : Wednesday , 1st May 2019

Dangote Refinery, Nigeria to Stabilize World Oil Production - OPEC

OPEC is confident that the Dangote Oil Refinery will be serving to drive world crude oil refining capacity raise especially in Africa by 2020. In the current edition of its World Oil Outlook (WOO), the Organisation said that the Dangote refinery, which is the first privately owned and functioned refinery in Nigeria, will refine 6,50,000 crude oil barrels per day at installed capacity. Currently, total world oil production in 2019.... Read more »

Posted on : Thursday , 25th April 2019

GOVERNMENT POLICY IS FURTHER EXPECTED TO STIMULATE THE EAST AFRICA FLAT GLASS INDUSTRY GROWTH

Favorable government & trade regulations accompanied by rising investments in infrastructure development, and rising population are the factors likely to accelerate construction growth majorly in Kenya, Ethiopia, Mozambique, Rwanda and Tanzania. The East Africa flat glass market growth is majorly driven by increasing development in the building & construction sector. Because of tremendous increase in population East Africa flat glass.... Read more »

Posted on : Wednesday , 24th April 2019

Japanese Solar Giants Mitsui lines up expansion plans into Kenya's Solar Mini-Grid Market

Japan's solar industry leaders Mitsui & Co had signed an agreement into acquiring a stake in Nairobi based M-KOPA, developer of Solar Home Systems (SHS) last year and is now seeking the link to grow into solar-powered mini-grids, according to local managers. M-KOPA mounts solar panels on the rooftops of residential homes and small businesses, creating SHS capable of operating lights, mobile phone chargers, and household appliances.... Read more »

Posted on : Wednesday , 24th April 2019

Voltic Africa Plans to comfort Public Transport by Introducing Bus Booking App

The competition for affordable and decent modes of transport continues as the digital startup Voltic Africa plans to introduce a booking App that allows commuters book bus tickets to and from the Nairobi Central Business District in the next 18 months. The announcement comes a month after the organization launched a bus booking App I-abiri where travellers can book up to 10,000 bus routes across East Africa. Chief Executive Officer Voltic.... Read more »

Posted on : Wednesday , 24th April 2019

High Level Delegation From Ministry of Health and Parliament of Nepal Visited Ethiopia

The Nepal's high level delegation which was led by H.E. Mr Upendra Yadav, who is the Deputy Prime Minister and Minister of Health and Population of Nepal and three members of the Nepal Parliamentarian of Federalism visited to Ethiopia. The visit was specialy to understand the entire administrative and political structure of Ethiopia with an prominence of federalism focusing to the health system and to understand the processes used to design.... Read more »

Posted on : Wednesday , 24th April 2019

KOMAZA KENYA INVESTS INTO ENVIRONMENTALLY-SUSTAINABLE WOOD SUPPLY

Driven by booming construction and furniture markets Africas industrial wood demand expected grow over the next two decades Africa’s 2030 industrial wood demand will be met by imports, given the dwindling natural forest resources and constrained plantation forestry . Local production is increasing, but not nearly fast enough hence the region is growing into a $ 50 billion annual import market. Vast sums of money and increase in.... Read more »

Posted on : Wednesday , 24th April 2019

A South Korean producer of medical equipment plans to invest in Tanzania

A Korean company, dealing in manufacturing of medical facilities, will invest in Tanzania as it requests to get a share of the East African country’s remunerative pharmaceutical market. South Korean producer of medical equipment eyes Tanzania. The Radian Qbio managing director, Prof Sang Young said that his firm was interested in selling and investing in setting up a plant to manufacture medical equipment in Tanzania. The.... Read more »

Posted on : Wednesday , 24th April 2019

EA Oil Pipeline Project to be Arbitrated by London

Due to end months of haggling between the governments and oil companies, the UK will host arbitration talks in case of disputes arising out of the East African crude oil pipeline project. During a technocrats meeting held in Kampala in January, arbitration was one of the issues that were deferred Should any dispute arise, the arbitration will be done in London. Tanzania had said that it would host the arbitration, but the other partners.... Read more »

Posted on : Wednesday , 24th April 2019

Ncondezi and GridX Partner Up to Invest in Africa's Vast Solar Landscape

British based company, Ncondezi Energy entered into an agreement with GridX Africa, a private power producer to form a joint venture which would specialize in installing solar mini grids for businesses and shops acroos Africa. This new alliance emerging in the solar energy sector of Africa aims to conquer the vast potential of the African solar and energy storage market. In particular, both companies want to supply mini-grids with.... Read more »

Posted on : Wednesday , 24th April 2019

KENYA MINING INDUSTRY SET FOR A BOOM AS GOVERNMENT INVESTS INTO THE SECTOR

The Petroleum and Mining Ministry has been focusing on helping small scale miners in the west of the country Kenya and is now planning to set up a gold refinery. Seeking professional advise on its construction the government is inviting consultants. Though its mining sector is a relatively a small contributor to national output, Kenya has proven deposits of coal, gold, and titanium. However, a decent growth in revenue is expected as new mines.... Read more »

Posted on : Tuesday , 23rd April 2019

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