N e w s

TANZANIA FARM-OUT ENABLES SWALA ENERGY REPAY LOAN ACQUIRED IN DECEMBER

Swala Energy Limited has said it has agreed with Magna Equities II LLC the provider of an interim financing mechanism entered into by way of provision of Convertible Notes in December 2014. Under the agreement Swala Energy says it shall undertake to redeem all of the outstanding 452,381 Convertible Notes currently held by Magna at a cost of US $598,500. According to the Australian explorer’s CEO Dr. David Mestres Ridge the Company.... Read more »

Posted on : Friday , 23rd October 2015

Uganda: NSSF Reveals Plan to Invest in Infrastructure, Awards Firms

Kampala — National Social Security Fund (NSSF) will invest in public infrastructure and small and medium enterprises, managing director Richard Byarugaba has revealed.   Speaking at the annual members meeting in Kampala yesterday, Mr Byarugaba told members that the development is included in a 10-year strategic plan to diversify the savings in the fund.   Currently at Shs5.8 trillion worth of investments, the fund wants to.... Read more »

Posted on : Friday , 23rd October 2015

Gulu Hospital to get cancer institute

The fully fledged institute will be located on the land where the Central Police Station is currently situated.   Dr. Nathan Onyach the Gulu Regional Referral Hospital Director told Radio Rupiny that by early next year the police station will have been relocated near Gulu Main Prison to pave way for the cancer institute’s construction.   Francis Okongo the cancer registrar at St. Mary’s Lacor Hospital says in 2013-14,.... Read more »

Posted on : Friday , 23rd October 2015

UWA acquires road equipment worth over $1m

The African Wildlife Foundation (AWF), through support from Usaid/Uganda Tourism for Biodiversity Programme (T4B), has donated road construction equipment worth $ 1,333,823(about sh4.8b) to Uganda Wildlife Authority (UWA).   The equipment, which was handed over by T4B chief of Party, Kaddu Sebunya, to UWA’s Executive Director, Dr Andrew Sseguya, include a grader, a bulldozer, an excavator, a vibro roller, 2 tippers and 1 low bed.... Read more »

Posted on : Friday , 23rd October 2015

Tanzania, FAO to jointly boost agriculture

The United Nations Food and Agriculture Organisation (FAO) in Tanzania has said it was ready to work with the government in implementing appropriate social protection policies that will help in increasing the agriculture productivity in the country.   FAO’s commitment was announced in Bariadi Township, Simiyu Region, at the weekend as Tanzania joined the rest of the world in marking 35th Anniversary of the World Food Day (WFD) and.... Read more »

Posted on : Friday , 23rd October 2015

Dodoma University to generate solar energy

President Jakaya Kikwete officially launched a project that will position the University of Dodoma (UDOM) as one of Africa’s leading colleges in renewable energy and sustainability.   The centerpiece of the project will be construction of the largest solar farm ever built on college campus anywhere in the world, totaling 55MW of solar generation. The first phase of that project will provide solar power to UDOM campus, including.... Read more »

Posted on : Friday , 23rd October 2015

Centum Investment Company - Building Value in Kenya: Ryan Hoover, Investment Analyst, Africa Capital Group

The Nairobi Securities Exchange’s main index has lost 31.7% in U.S. dollar terms since the start of the year in response to security concerns, China’s slowing growth, and a brief experiment with a 5% capital gains tax. The drop makes for a compelling opportunity to purchase shares of the country’s largest investment holding firm. Prime assets With a basket of profitable private equity investments and a remarkably.... Read more »

Posted on : Friday , 23rd October 2015

South Africa's Mediclinic to buy UAE's Al Noor Hospitals for $2.2B

South Africa‘s Mediclinic Intl has agreed to buy United Arab Emirates’ Al Noor Hospitals Group for around 1.4 billion pounds ($2.2 billion), gaining the upper hand on rival NMC Health in a tussle for expansion in the fast growing Gulf region. The deal will double the South African group’s presence in the UAE, further diversifying out of its slow growing home market after a Swiss acquisition in 2007 and the stake it bought in.... Read more »

Posted on : Friday , 23rd October 2015

Kenya: Base Titanium Exported More Minerals in Q3

Base Titanium is calling on the government to put in place policy and legislative frameworks that can help attract more international mining companies to come invest in the largely unexplored sector. Base Titunium General Manager, Joseph Shcwarz says this is the only platform that will see the country unlocking the potential within the sector. In East Africa, Kenya lags behind Tanzania when it comes to mining industry. To help improve.... Read more »

Posted on : Friday , 23rd October 2015

Uganda: ‘Oil Exploitation Requires Protecting the Environmental Against Damage

Oil exploration and production in Uganda require extreme caution to prevent environmental damages according to Dr Peter Blomeyer the German ambassador to Uganda. The ambassador noted that Uganda’s oil and gas resources have been discovered in environmentally sensitive areas such as forests, national parks, lakes and rivers. Uganda’s Petroleum resources are now estimated to be 6.5 billion barrels of oil in place. This is up from.... Read more »

Posted on : Friday , 23rd October 2015

Rwanda issues new guidelines for dairy industry

The country’s dairy sector has increased its milk production, processing and trade in the last few years, but due to a lack of regulation, the industry had been facing challenges in terms of unfair market competition and production of substandard dairy products, specifically milk. According to Tony Nsanganira, Rwanda’s state minister for agriculture, challenges in the milk industry created the need for a legal instrument to regulate.... Read more »

Posted on : Friday , 23rd October 2015

Oceana Group investing US$13mn in Angola and Namibia

Speaking at a recent marine industry event, the company’s CEO, Francois Kuttel, had said that the company is going to upgrade its existing operations in Namibia. Oceana will replace its fishmeal production facility in the country that will increase its production capacity by 2,000 tonnes. “We are putting a new fishmeal plant in our cannery in Namibia with better technology and better quality. It will deal with trimmings from our.... Read more »

Posted on : Friday , 23rd October 2015



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