Market News Page No. 366| Africa Business News | Afrotrade

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East Africa : PV diesel hybrid system for industry

Together with the PV diesel system expert OneShore Energy GmbH, BayWa r.e., a renewable energy subsidiary of BayWa AG, is implementing a joint photovoltaic diesel hybrid system for an industrial customer in East Africa. OneShore Energy (link is external) will provide the software solution to optimise the integration of the solar energy system with a diesel based power plant. At the same time, BayWa r.e. (link is external) will supply.... Read more »

Posted on : Thursday , 10th March 2016

South African Government to Continue Investment in Energy Sector

Pretoria — Government says it will keep the development of the energy sector high on its priority list as this is key to easing constraints to economic growth. The Economic Sectors, Employment and Infrastructure Development cluster, chaired by Rural Development and Land Reform Minister Gugile Nkwinti, on Tuesday, briefed media to give an update on the implementation of the Nine Point Plan. The plan, which was announced by.... Read more »

Posted on : Thursday , 10th March 2016

Rwanda to Decentralize National Grain Strategic Reserve

The Ministry of Agriculture has embarked on a move to decentralise the national grain strategic reserve down to the sector level. The move is expected to enhance food security readiness in case of famine. Emmanuel Kayiranga, the chairperson of post-harvest handling and storage taskforce at the ministry, said the initiative will not only ensure Rwandans are food secure but also will promote structured grain.... Read more »

Posted on : Thursday , 10th March 2016

AfDB : Prime Focus on Energy in Africa's Development Agenda

Energy is the central theme of the African Development Bank's 2016 Annual Meetings as well as its 2015 Annual Report. The theme, "Energy and Climate Change", underscores the importance the Bank attaches to energy, which the AfDB President, Akinwumi Adesina, describes as "the lifeblood of any society and the passport to economic transformation." Thus, energy is at the top of the Bank's High 5 priorities - Light up and.... Read more »

Posted on : Thursday , 10th March 2016

Mining Co. To Supply Lithium-Ion Battery in Tanzania

Kibaran Resources Limited fresh from a 2.0 million US dollar capital raising has sent a sample of graphite from its Epanko project in Tanzania to test as a premium product for use in lithium-ion batteries. The new bulk sample of 200 tonnes of Epanko graphite ore will be processed to produce 20 tonnes of flake graphite concentrate and will provide production cost and product pricing benchmarks. Previous tests had established.... Read more »

Posted on : Thursday , 10th March 2016

Tanzania: Vietnamese President Visit to Further Cement Ties Between Countries

Vietnamese President Truong Tan Sang arrived in Dar es Salaam on Tuesday. He is visiting Tanzania to further cement ties between the two countries. The reciprocal visit follows former President Jakaya Kikwete's tour of the Southeast Asia nation in October 2014. Our Staff Writer Chaby Barasa who covered Mr Kikwete's two-day tour in Hanoi, reports... When Mr Truong meets his Tanzanian counterpart Dr John Magufuli (Mr Kikwete's successor).... Read more »

Posted on : Thursday , 10th March 2016

Rwanda: Japan Pumps Rwf14 Billion into Energy Distribution Programme

The governments of Rwanda and Japan yesterday signed a financing agreement, worth $18.4 million (about Rwf14 billion), aimed at boosting electricity distribution networks in the City of Kigali. The funds will specifically be injected in the construction of Ndera substation and the Murindi and Kabuga power-switching stations, both in Gasabo District, according to Claver Gatete, the minister for finance and economic planning. The.... Read more »

Posted on : Thursday , 10th March 2016

Global Report : Attractiveness of Kenya's Mining Sector Slightly Up

The local mining sector’s attractiveness has slightly improved, according to the latest survey by Canadian think-tank Fraser Institute. The Fraser Institute 2015 survey has ranked Kenya 103 out of 109 jurisdictions that were covered. It was ranked 121 out of 122 in the 2014 report due to insecurity and ‘poor’ mining policies. ‘Poor’ policies especially the proposed mining.... Read more »

Posted on : Thursday , 10th March 2016

Uganda - Tanga Port Oil Pipeline Construction to Begin in August

Construction of the envisaged 4 billion US-dollar (about 8 trillion/-) pipeline to transport crude oil from Kabale in Uganda to Tanga Port is slated to commence in August, pending ongoing discussions between the two governments and investors. The Managing Director of Tanzania Petroleum Development Corporation (TPDC), Dr James Mataragio, said the 24-inch conduit to cover 1,403 kilometres is expected to convey 200,000 barrels of crude oil.... Read more »

Posted on : Thursday , 10th March 2016

Rwanda : Ethiopian Construction Works Corporation to Construct Irrigation Project

The Ethiopian Construction Works Corporation has taken its first overseas project as it finalized an agreement to construct an irrigation infrastructure development project in Rwanda. The Corporation organised a farewell ceremony for supervisors of the 3.6 billion Rwandan franc project, which is expected to have national as well as international impact. Hailemeskel Tefera, CEO, stated that this counts as a first step in the.... Read more »

Posted on : Thursday , 10th March 2016

ZPC, Intratrek Sign U.S$128 Million Hydro Power Project Deal

Energy projects developer Intratrek Zimbabwe and its Indian technical partners last Friday signed a contract for construction of the long-awaited 30 megawatt Gairezi Hydro Power Project with Zimbabwe Power Company. The engineering, procurement and construction contract was signed between Intratrek and its Indian technical partners Angelique International, Bharat Heavy Electricals Limited and ZPC for a cost of $128 million. The State.... Read more »

Posted on : Wednesday , 9th March 2016

Zambia to Get Additional 120MW Power

PRESIDENT Edgar Lungu has commissioned the newly-constructed Itezhi-Tezhi Hydro-power Station with assurance that Government remains committed to mitigating the current power deficit caused by global and natural factors. The 120 megawatts (MW) station was built at a cost of US$142 million. Mr Lungu said despite some challenges the country was facing, the Patriotic Front (PF) administration was committed to making Zambia an.... Read more »

Posted on : Wednesday , 9th March 2016

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