Market News Page No. 477| Africa Business News | Afrotrade

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Ramboll To Carry-Out Onshore Pipeline Study In Uganda

Uganda’s Ministry of Energy and Mineral Development has awarded United Kingdom’s Ramboll a contract to conduct an early-phase study for the “Hoima–Kampala Refined Petroleum Products Pipeline” in Uganda, East Africa. The project concerns a proposed pipeline to be constructed to transport products of crude oil refinement from Uganda Oil Refinery in Hoima to a distribution terminal to be constructed in.... Read more »

Posted on : Monday , 20th July 2015

Kenya Pipeline Company calls for investment in private fuel stores in new business model

Private investors will for the first time get an opportunity to invest in the lucrative petroleum storage business in a new model that seeks to free cash flows for the Kenya Pipeline Company (KPC). The company’s chairman, John Ngumi, announced yesterday that KPC would not be investing in additional storage tanks in an expanded network within counties, but would instead invite private players to set up the storage.... Read more »

Posted on : Monday , 20th July 2015

Base Titanium Adopts Best Mining Practices

Kenya is about to enter an important new stage in the development of its mining sector. The Mining Bill 2014, currently under review by the Senate, should be enacted before the end of the year and Kenya is about to embark on developing a 20-year strategic plan for the sector with the assistance of McKinsey & Company. The Mining Bill will regulate, amongst other things, how investors engage with various levels of government and local.... Read more »

Posted on : Saturday , 18th July 2015

Gold Deliveries Up 50 Percent - Chidhakwa

Gold deliveries have increased by an average of 50% this year due to the plugging of leakages of the precious mineral, with focus now on improving the supply side for small scale gold miners, Mines minister Walter Chidhakwa has said. Mineral leakages have cost the country billions of dollars in lost revenue, reducing official gold sales from 27 tonnes in 1999 to the current average of 12 tonnes per year. In an interview.... Read more »

Posted on : Saturday , 18th July 2015

Natural Gas Distribution Reaches Marracuene

Marracuene — Mozambique's National Hydrocarbon Company (ENH) on Wednesday connected its natural gas pipeline to its first client in Marracuene district, north of Maputo. The client is the factory Favos de Mocambique, which makes egg cartons. From this factory, the distribution of gas will be extended to shops, hospitals, hotels and restaurants in Marracuene. The Wednesday ceremony marked the conclusion of the Maputo and.... Read more »

Posted on : Saturday , 18th July 2015

Kenya: 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 Flora.... Read more »

Posted on : Saturday , 18th July 2015

Uganda Begins to Archive Its Oil History

The dream of seeing the first drop of oil may be still far away. But like a father excited about their first born recording every little detail of the child, Uganda has moved to archive and document its oil and gas progress. The country recently revamped its oil and gas section in the Uganda Museum. The section, which was made possible with funding from the three major oil companies, Total E&P, Tullow and CNOOC, is to serve.... Read more »

Posted on : Saturday , 18th July 2015

Kenya Power Deploys SAP Solution to Enhance Procurement Processes

Kenya Power has announced the successful deployment of the latest SAP Business Suite to enhance efficiency of local procurement processes. Kenya Power currently spends most of its procurement budget on foreign sourced supplies, but now aims to support local industry by promoting local suppliers of key materials. The system is thus set up in accordance with government guidelines that 40 percent of the budgets of all state.... Read more »

Posted on : Saturday , 18th July 2015

Top 3 opportunities and drivers in Africa�s construction industry

Africa is growing and more opportunities are coming up for the construction related investors who are looking into the bigger picture. As the growth of the continent’s economy increases there are key factors that are contributing to this robust case: rapid urbanization, strong current and projected economic growth, a rising middle class, regional integration and strengthened democracy, transparency, accountability and governance in.... Read more »

Posted on : Saturday , 18th July 2015

Dangote Group set to deliver the second cement plant in Africa

Dangote Group set to deliver the second cement plant in Cameroon. The plant will have the capacity to produce of 1.5million metric tonnes of cement a year. Not so long ago, the group commissioned its first cement plant in Douala with an equal capacity production of 1.5million tonnes per year. Aliko Dangote, the Dangote group owner, held a meeting with Philemon Yang the Cameroon’s Prime Minister in Yaounde, where he revealed.... Read more »

Posted on : Saturday , 18th July 2015

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

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