N e w s

A US$ 70m iron sheet factory opened in Kenya

 A US$ 70m iron sheet factory has been inaugurated in Kiambu County, Kenya by Devki Group. The new factory is projected to be able to produce 300,000 tonnes of iron sheets in Kenya annually.   The development which is under the group’s affiliate, Maisha Mabati Mills Ltd, is the largest of its kind in Africa set to produce long lasting roofing sheets coated with aluminium and zinc.   “This mill, which is the largest.... Read more »

Posted on : Friday , 3rd July 2015

Norwegian company to partner and invest in Africa's hydro power generation

 The Genesis Energy Corporation have signed a Strategic Partnership contract with the SHP Malthe Winje a Norwegian Group company to offer a pioneering platform for multiple deployment on fast track basis of Modular Mini Hydro Power solutions that will provide power services for a reasonable short period of time to the nation of Nigeria and the Africa continent at large.   This was revealed by Akinwole Omoboriowo, the Genesis Energy.... Read more »

Posted on : Friday , 3rd July 2015

Top Japanese firms set to land deal & construction agreement with Africa

 Top Japanese firms are set to land Egypt’s US$45 Billion city construction that will kick off in few months time. According to the Egyptian government sources six Japanese firms are likely to implement Egypt’s new city project. The country’s daily Amwal Alghad said that the deal between the government and the Japanese firms offer is currently on its preliminary stage as the negotiations between the UAE-based Emaar.... Read more »

Posted on : Friday , 3rd July 2015

17 Companies Shortlisted For Uganda’s First Licensing Round For Petroleum Exploration, Development And Production

 Following the end of a deadline for the Process of receiving the Request for Qualification ended on 30th June, 2015 the Ministry has said it has registered seventeen valid applicants out of the nineteen applicants that had registered for licenses in six blocks in the Albertine Basin.   The six blocks on offer are; Ngassa (410 Km2) in Hoima District, Taitai & Karuka (565 Km2) in Buliisa District, Ngaji (895 Km2), Rukungiri &.... Read more »

Posted on : Thursday , 2nd July 2015

Kenya: Self-sufficient in terms of electricity generation

 Kenya electricity generation has received a boost after more than 280MW was added to the national grid last year, Kenya became self-sufficient in terms of power generation.   “Kenya is now self-sufficient in terms of power generation after more than 280 MW was added to the grid last year from various geothermal projects,” said Kenya Power chief executive Ben Chumo.   The ongoing geothermal projects have added so.... Read more »

Posted on : Thursday , 2nd July 2015

Africa: Damietta furniture manufacturing hub to be constructed

 Africa's Trade and Industry ministry is set to construct a world class furniture manufacturing city in Damietta which is located towards the Mediterranean Sea. According to Egypt’s minister for trade & industry Mounir Fakhry Abdel Nour the project which is located 15km from the Mediterranean Sea, and 200km north of Cairo will span an area of 1.4sqm (331 feddan; 1 feddan = 0.42ha), and that the ministry is working to ensure speedy.... Read more »

Posted on : Thursday , 2nd July 2015

Kenya: City Hall to Raise Sh500 Billion for Urban Renewal Project

Nairobi - Nairobi County Government is seeking to raise about Sh530 billion through a Public Private Partnership (PPP) to undertake its urban regeneration and renewal projects within the city. Speaking during an investors briefing on Wednesday morning, Governor Evans Kidero indicated that the project will consist of three phases which will involve the redevelopment of old housing estates in sections of the city into apartment buildings,.... Read more »

Posted on : Thursday , 2nd July 2015

African states sign cyber-security deal

Uganda, Kenya and South Sudan are among several African states to have signed a new deal on cyber security to protect multi-million-dollar oil and transport projects. Presidents Yoweri Museveni of Uganda, Paul Kagame of Rwanda and Uhuru Kenyatta of Kenya signed a memorandum of understanding on cyber security at the 10th Northern Corridor Integration Summit in the Ugandan capital, Kampala, on Saturday. South Sudanese leader Salva Kiir and.... Read more »

Posted on : Thursday , 2nd July 2015

Africa Automotive Sensors Market grows

DUBLIN - The Middle East & Africa automotive sensors market is expected to increase to $1.45 billion by 2018 at a CAGR of 6.08% over the period 2014-2020 The low cost & compact size, ecofriendly & bulk manufacturing capability, and energy efficient are the key drivers which are making the automotive sensors market to grow lucratively. Development of new applications for technologies which utilize nano and micro technology will.... Read more »

Posted on : Thursday , 2nd July 2015

UAE Based Oil Firm Consolidates East African Presence with Acquisition of Essar Petroleum East Africa Ltd

 Gulf Petrochem Group rename entity to Aspam Energy (Kenya) Ltd   NAIROBI, Kenya, July 1, 2015/ -- Gulf Petrochem Group (today announces the official acquisition and name change of Essar Petroleum East Africa Ltd to ASPAM Energy (Kenya) Ltd. The deal will enhance the group’s integrated services and products for the downstream supply chain in the oil and gas sector in East Africa.     Gulf Petrochem Group secured.... Read more »

Posted on : Thursday , 2nd July 2015

Tanzania hailed leader in FDI due to its natural gas reserves

 The East African nation has registered an increase of 14.5 per cent in FDI, mainly due to the presence of large natural gas reserves, stated a United Nations report Africa has been earmarked as a popular investment destination, with a host of sectors such as manufacturing, transport, renewables and mining considered popular for foreign direct investments (FDI). However, a report presented by the United Nations Conference on Trade and.... Read more »

Posted on : Thursday , 2nd July 2015

TULLOW OIL, AFRICA OIL REPORT POSITIVE RESULTS FROM KENYA’S APPRAISAL DRILLING, WELL TESTING

In the latest update by Block 10BB and 13T joint venture partners Tullow Oil and Africa Oil appraisal drilling and Extended Well Tests (EWT) continue to produce positive results.   The Amosing EWT which commenced in May testing five reservoir zones in the field across two wells, in one well the production was tested while pressure responses were measured in the other well.   Production from all five zones was at a combined average.... Read more »

Posted on : Thursday , 2nd July 2015



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