Market News Page No. 490| Africa Business News | Afrotrade

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LNG to grow in Sub-Saharan Africa

Tanzania is estimated to hold significant reserves of gas offshore, equating to approximately 55 trillion ft3 of recoverable resources. BG Group and Statoil are currently developing the country’s only proposed LNG liquefaction facility, which will be fed by gas sourced from Blocks 1 and 2. The facility, which has an expected CAPEX of approximately US$30 billion, will comprise of at least two trains, each with a capacity of 5 million.... Read more »

Posted on : Friday , 26th June 2015

Kenya: Cytonn Investment unveils Sh50 billion real estate project

Speaking on Thursday in a press briefing, a day that also saw the company launch its property development affiliate- Cytonn Real Estate, firm’s Chief Executive Officer Edwin Dande, noted that 85 percent of the project would be low and medium housing. The remaining 15 per cent would be prime residential housing, which will also include the five-acre Amara Ridge gated community in Karen. Besides Karen, other developments in.... Read more »

Posted on : Friday , 26th June 2015

Kibo Mining finds more potential in Tanzania

Mineral exploration and development company Kibo Mining has identified a new zone of ultramafic rocks over a strike length of about 30 km, similar to the Haneti-Itiso Ultramafic Complex (HIUC), in Tanzania. This would be a new target zone for follow-up exploration, the Aim-listed company said on Wednesday. MORE INSIGHT Kibo starts exploration work at Tanzania gold project Kibo Mining raises £1.5m Kibo raises £950 000 through share.... Read more »

Posted on : Friday , 26th June 2015

Africa: Signs infrastructure sharing agreements with two leading miners

Guinea and its state miner have signed infrastructure sharing agreements with two of the country's leading mining companies in an effort to accelerate development of large-scale bauxite projects, a government official and one of the companies said. The accords, hammered out during negotiations in Paris, detail how key infrastructure, including a railway and port in the northwestern Boké region, will be shared. Print Send to Friend 0 0.... Read more »

Posted on : Friday , 26th June 2015

Uganda Prime Minister ask investors for cooperation in development of Oil Sector

Uganda Prime Minister Dr. Ruhakana Rugunda asked investors and major stakeholders in the country’s Oil and gas sector to work together in order to expedite the development of the sector. The Premier made the remarks at the joint meeting of the Policy Coordination Committee and the Oil and gas Technical working group. The two Policy implementation Teams in Uganda’s Oil and gas sector were in a meeting to the review progress on the.... Read more »

Posted on : Friday , 26th June 2015

A new player to enter cement production in Kenya

Cement production in Kenya is soon to see a new entrant. A new cement grinding plant is set to be constructed in Western Kenya on a 50 acre piece of land. It is projected to produce 730,000 tonnes of cement every year and hence enhance the competition in the industry. “The plant will have the capacity to increase cement production in Kenya by 2,000 tonnes of cement per day using raw materials such as clinker, additives,.... Read more »

Posted on : Thursday , 25th June 2015

UK grants investment into infrastucture construction in Kenya

The UK has agreed to provide a US$5mn grant to TradeMark East Africa for the construction of proper roads between Kenya’s Moi International Airport and Mombasa Port. The road upgrade is expected to begin in April 2015 and go on until June 2016. The funds will be used to upgrade the Port Reitz or airport road into a dual carriageway, which would ease movement of cargo and people to and from the sea and airport. Frank.... Read more »

Posted on : Thursday , 25th June 2015

Africa and Canada sign mining MoU

The deal, signed in Pretoria by South African mineral resource minister Ngoako Ramatlhodi and Canadian trade minister Ed Fast, encourages increased reciprocal investment in exploration and prospecting activities. The deal gives particular attention to investment in the junior to mid-tier mining sector, as well as asserting both parties’ commitment to collaborate on skills development, technical expertise and experience as well as.... Read more »

Posted on : Thursday , 25th June 2015

Northern Kenya areas chosen to host regional crude oil pipeline

The regional crude oil pipeline from Kabaale, in western Uganda will pass through Kainuk and Lokichar in Turkana County, Isiolo and Garissa counties to Lamu port, the contractor picked to carry out the project feasibility study has told the Government. Toyota Tusho’s proposal puts an end to debate on the 1,518km pipeline route within Kenya with oil companies being in favour of the ‘southern’ option that would.... Read more »

Posted on : Wednesday , 24th June 2015

Policy on LPG awaits Kenya Cabinet, Parliament approval

A draft policy document that aims to shift Kenyan household energy needs from unsustainable options like firewood and charcoal to cleaner modern forms like Liquified Petroleum Gas (LPG), is ready. The policy also seeks to encourage private sector investment in additional capacity for handling and storage of LPG for an efficient and effective supply chain. “As the final draft Policy awaits approval by both Cabinet and the.... Read more »

Posted on : Wednesday , 24th June 2015

Tanzania's Untapped Renewable Energy Resources Ripe for Investment, States Report

Tanzania Country Profile. The publication highlights the country's inroads in renewable energy as well as opportunities for scaling-up the energy sector. Over the past decade, in an effort to strengthen and modernize the energy sector, the government of Tanzania has made a series of profound policy reforms which include the creation of a regulatory entity and formulation of the energy policy that encourage private participation.... Read more »

Posted on : Wednesday , 24th June 2015

World Power Sector Emissions Seen Peaking in 2029 - Research

Global greenhouse gas emissions from the power sector are expected to peak in 2029 and then start falling, but will still be some way above levels needed to limit temperature rise, research showed on Tuesday. Electricity generation worldwide is forecast to rise by 56 percent by 2040 as economies develop and populations grow, which will hit a peak in power sector emissions of 15.3 gigatonnes in 2029 from 13.1 gigatonnes now, a.... Read more »

Posted on : Wednesday , 24th June 2015

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