N e w s

AFRICA ENERGY WITHDRAWS FROM PUNTLAND, SOMALIA BLOCKS

 Africa Energy formerly Horn Petroleum Corp has announced that it has provided notice to the Puntland State of Somalia advising of its intention to withdraw from the January 2007 productions sharing agreements in respect of the Nugaal Block and the Dharoor Block, each made among the Company, the Government of Puntland and Range Resources, effective immediately.   In its notice to the Puntland Petroleum and Minerals Agency, the.... Read more »

Posted on : Tuesday , 30th June 2015

Anadarko negotiating LNG supply deal with Jera from $23bn Mozambique project

 American oil and gas firm Anadarko Petroleum is in talks with Japan-based Jera for long-term supply of liquefied natural gas (LNG) from its Mozambique export scheme. Jera, a joint venture set up by Tepco and Chubu Electric Power in April, aims to turn into the cheapest LNG buyer across East Asia. Anadarko's recent finds in Area 1 of Rovuma Basin in the African country will feed the initial ten million tonnes per annum (mtpa) LNG export.... Read more »

Posted on : Monday , 29th June 2015

Wentworth Resources Raises $7.6 Million To Finance Tanzania’s Mnazi Bay Developments

 Wentworth Resources has announced that it has successfully raised gross proceeds of USD 7.6 million (GBP 4.9 million, NOK 59.7 million) with institutional investors and certain Directors and members of the Executive Management through a private placement of 15,412,269 new shares.   The private placement saw no discount to market price with the new funds set to provide the Company with sufficient working capital beyond its projected.... Read more »

Posted on : Monday , 29th June 2015

British High Commission- Africa draw out a Mining partnership

 The British High Commissioner James Thornton has commended the partnership between the government of Zambia and the British gemstone exploration and mining company Gemfields plc, citing it to be a “very good example” of a British company investing in Zambia emerald-BigBeadLittleBead-flickrGemfields and Kagem are keen to develop an international market for Zambian emeralds. The partnership entails the ownership of.... Read more »

Posted on : Monday , 29th June 2015

Volvo launches new Construction Equipment for Africa

 Volvo Construction Equipment has announced the launch a new series of wheel loaders in Africa Volvo launches new wheel loader for Africa The G Series has Z-bar linkage and increased hydraulic pressure for powerful digging and complete bucket fill. The G Series, which consists of three machines – the L120GZ, L60GZ, and L90GZ – will be released in Africa, as well as the Middle East and Russia. Volvo said the range has.... Read more »

Posted on : Monday , 29th June 2015

Deloitte bags multi-billion Kenyan construction consultancy contract

 Under the terms of the contract, the consulting firm would undertake a feasibility study, prepare tendering documents and advise on procurement of the project on behalf of the Kenya Urban Roads Authority (KURA).   The second Nyali Bridge project is anticipated to connect Mombasa Island with the North mainland and ease congestion on the existing Nyali Bridge making traffic less dependent on a single channel.... Read more »

Posted on : Saturday , 27th June 2015

Ethiopia, Chinese Company Sign U.S.$119 Million Deal for Infrastucture development to Kenya

 Ethiopia signed a 119 million dollar deal for power transmission lines to Kenya to export the extra power.   "It is mandatory to export the energy that is leftover as we cannot keep it, because our existing electric transmission lines are working beyond their capacity and they cannot transmit the entire amount of energy we are producing," according to Azeb Asnake (Eng.), chief executive officer (CEO) of Ethiopia Electric.... Read more »

Posted on : Saturday , 27th June 2015

Oil and gas boom in East Africa countries promises riches

The East African region is emerging as one of the most prolific oil and gas exploration sites in the world. Analysts at Standard Bank say Kenya, Uganda, South Sudan, Ethiopia, Tanzania and Mozambique that have recently made discoveries, have the potential to fundamentally transform their economies through investments in road, rail, power and industrial infrastructure. “Over and above the traditional oil and gas regions in Africa, notably.... Read more »

Posted on : Saturday , 27th June 2015

EAST AFRICAN OIL & GAS DISCOVERIES STIR GLOBAL EXPLORER INTEREST

 Oil discoveries in Uganda and Kenya have also added to the excitement in the sector as new players look to enter these markets, including some of the largest independent and international oil companies, “ Harley, president of DHL Energy Sector noted.   He added that, while Angola and Nigeria have always been the most notable producers within the sub-Saharan region, more recently, deposits in East Africa were diverting the.... Read more »

Posted on : Saturday , 27th June 2015

Rwanda: City Authority Orders NIRDA to Relocate Bio-Diesel Plant

 The city of Kigali has instructed the National Industrial Research and Development Agency (NIRDA) to relocate Rwanda's bio-diesel project at Mulindi.   In a letter to NIRDA director general Dr Joseph Mungarulire dated May 4, the city authority says the plant located in Nyarugunga sector, Kicukiro District occupies an area designated for residential houses as per City Master Plan.   "Reference is made to the master plan.... Read more »

Posted on : Saturday , 27th June 2015

Tanzania: Huge Gold Deposits Discovered At Geita's Mgusu Mining Site

 Geita — EXPLORATIONS conducted at the Mgusu mining site have discovered huge deposits of gold, with the current surveys at only four plots, revealing that over 430,000 ounces of gold are available.   According to the report, the four plots out of 16 at Mgusu underwent intensive drilling and surveying which showed the area was capable of producing more than nine tons of gold that have remained underground due to poor mining.... Read more »

Posted on : Saturday , 27th June 2015

Kenya Power in Sh3.2 Billion Substations Upgrade

Nairobi -Kenya Power has signed contracts worth Sh3.2 billion with local firms to implement 12 substation upgrade projects in the country.   The deal will also involve the construction of additional 33 kV power distribution lines to meet growing demand for increasing number of customers.   Kenya Power CEO Ben Chumo said the upgrade projects are expected to improve reliability, contribute to reduction of technical losses and provide.... Read more »

Posted on : Saturday , 27th June 2015



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