Market News Page No. 492| Africa Business News | Afrotrade

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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

German cement maker opens two new plants in�Africa

The new US$250mn plant has an annual capacity of 1.5mn tonnes and is located at Tabligbo, around 80 km northeast of Lomé. According to the company, with the Scantogo investment, HeidelbergCement has become the largest German foreign investor in Togo. The US$50mn Cimburkina cement grinding plant has an annual capacity of 800,000 tonnes and is located near the capital city Ouagadougou. IFC, branch of the World Bank, is partially.... Read more »

Posted on : Wednesday , 24th June 2015

Kirloskar Brothers Limited�a step further towards development of the African Sector

World-class pump manufacturing requires expert engineers and expertise in systems for fluid management. Kirloskar Brothers Limited (KBL) trades precisely on these attributes. KBL is the flagship subsidiary of the US$2.1bn Kirloskar Group. KBL leads Africa’s markets for fluid management solutions to serve large infrastructure projects, addressing requirements in water resource management, power generation, oil and gas operations,.... Read more »

Posted on : Wednesday , 24th June 2015

WENTWORTH RESOURCES ESTIMATES $3.5M IN TANZANIA MONTHLY GAS SALES

Wentworth Resources says it estimates that monthly gas sales in Tanzania into new government owned pipeline Q3 2015 could reach an estimated $3.5m monthly. Initially Mnazi Bay will be the only supplier of gas in Tanzania into new pipeline from 5 wells which will be producing in the field by Q3 2015 at initial volumes of 80 mmscf/d escalating to 130mmscf/d in 2016 Wentworth adds that the substantial cash flow generation is.... Read more »

Posted on : Tuesday , 23rd June 2015

Dangote Cement to start cement production in Tanzania

The factory has a capacity of three million tonnes annually, and is expected to boost Tanzania’s annual output to six million tonnes. It is located in the country’s Mtwara region. Once complete, the cement factory will supply cement to nearby and landlocked nations in the region. The Nigerian cement major has plans to diversify its market reach in the continent, stated a Reuters report. However, the cement manufacturer is.... Read more »

Posted on : Tuesday , 23rd June 2015

Singapore firm to develop master plan for Africa

According to the contract, Surbana International Consultants will provide a regional structure plan for Kinshasa Province (which spans an area of 9,900 sq km) and a detailed master plan for Kinshasa City. Surbana CEO Pang Yee Ean said, “We are delighted to secure this job with DR Congo. This is Surbana’s largest master planning project and ninth in Africa to date. We are glad that Surbana is becoming recognised as the master.... Read more »

Posted on : Tuesday , 23rd June 2015

Infrastructure investment in Africa has quadrupled

Infrastructure investment spending in South Africa had increased and was being taken seriously as Africa was receiving a growing share of foreign direct investment, President Jacob Zuma said on Thursday. Print Send to Friend 1 1 “Infrastructure investment spending has quadrupled, exports have increased and Africa is receiving a growing share of foreign direct investment… These positive trends come on the back of improved.... Read more »

Posted on : Tuesday , 23rd June 2015

Tanzania: Four-Lane Road Construction Starts

Construction of a four-lane road linking Sakina section of Arusha City with Tengeru Township in Meru has started and the massive infrastructure whose works kicked off last Thursday is aimed at easing congestion along Arusha-Moshi highway. The four-lane, two track motorway, whose works are kicking off in near Tengeru is part of the implementation of the proposed multinational Arusha-Holili highway which is to extend into Kenya and join.... Read more »

Posted on : Tuesday , 23rd June 2015

West Africa plans regional power market

West Africa’s regional body will pool its resources to establish an electricity market to end the blackouts that have blighted its 15 member states for decades, Reuters reports. Heads of states who gathered for a meeting of the Economic Community of West African States agreed to develop a regional electricity market almost two decades after the plan was conceived, Etienne Bailly, project director at Transco CLSG said at a power.... Read more »

Posted on : Monday , 22nd June 2015

CHALLENGES KENYA MUST ADDRESS IN THE OIL AND GAS SECTOR

Following the conclusion of the second local content convention speakers pointed out various gaps that must be addressed if the country is to benefit from the growth in the nascent oil and gas sector. According to Capacity Development Consultant partner Gichira Kibira the biggest hurdle remains the lack of a legal framework that continues to bring uncertainty and keeping away potential investors. Among laws that are in the works.... Read more »

Posted on : Monday , 22nd June 2015

Gold mining still most significant source of income in Africa, Asia � WGC

While the global gold industry injected more than US$171 billion into the world’s economy in 2013, the countries that benefitted the most from such contribution were mainly African and Asian nations, the World Gold Council says. Even though the focus of the report released this week is on formal, large scale mining, the council acknowledges that artisanal and small-scale (ASM) gold miners can play a significant role in local.... Read more »

Posted on : Monday , 22nd June 2015

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