Market News Page No. 509| Africa Business News

East Africa potential LNG market for investors

Vast amounts. Mozambique alone is estimated to have gas reserves of up to 4.25 trillion cu/m and Tanzania potentially as much as 1.41 trillion cu/m (Petroleum-economist). But in a global economy where commodity prices, consumer demand and ‘timing to market’ are crucial, there is no guarantee that even these amounts can be commercialised in the foreseeable future. However, for both countries the prize is great. In an article written.... Read more »

Posted on : Wednesday , 21st January 2015

Solarcentury launches commerical solar arm for East Africa

Global PV developer, Solarcentury, is formalising its growing operation in East Africa by joining forces with Kenyan firm, East African Solar, to form Solarcentury in East Africa. The new company will deliver solar projects throughout East Africa, where solar is emerging as a promising alternative to expensive diesel-generated power. Both companies have solid experience of the nascent solar market in Kenya, having independently worked on.... Read more »

Posted on : Wednesday , 21st January 2015

East Africa: U.S.$500 Million Set for African Renewable Power

Dubai — Access Power MEA a power project developer for the Middle East and Africa, and EREN, a leader in renewable energy, last week announced the launch of Access Infra Africa, dedicated to investing in the early stage development of power projects in Africa writes JOHN SAMBO Access Infra Africa will be the largest privately funded vehicle of its kind. The partners intend to implement an ambitious development plan leading to the.... Read more »

Posted on : Wednesday , 21st January 2015

SolarNow looks to ride wave of East Africa�s solar boom

Dubai — Access Power MEA a power project developer for the Middle East and Africa, and EREN, a leader in renewable energy, last week announced the launch of Access Infra Africa, dedicated to investing in the early stage development of power projects in Africa writes JOHN SAMBO Access Infra Africa will be the largest privately funded vehicle of its kind. The partners intend to implement an ambitious development plan leading to the.... Read more »

Posted on : Wednesday , 21st January 2015

Kenya to revoke controversial mining tax

Less than a month after Uhuru Kenyatta was sworn in as Kenya's new president, his administration is planning to revoke rules passed in 2012, which impose 35% local equity shareholding in the country’s mining licences, reports Business Day. Unlike most African governments, Kenyatta’s is not seeking larger ownership stakes in foreign miners with the upcoming mining bill, which will eventually replace the existing, obsolete Mining.... Read more »

Posted on : Tuesday , 20th January 2015

Kenya to form state-owned mining company

The Kenyan government announced last week it will form a national mining corporation, reports the Daily Nation. The state-owned company will handle joint ventures with the private sector. Najib Balala, the government's cabinet secretary in charge of mining, also said a new mining bill will ensure mineral investments work in the public interest. The act will allow the cabinet secretary to regulate the sector in a transparent.... Read more »

Posted on : Tuesday , 20th January 2015

Tanzania Rukwa Coal To Power Project Shows Potential To Double In Size

Kibo Mining PLC has announced the results of the power pre-feasibility study for the Tanzania Rukwa Coal to Power Project (RCPP) showing the potential to expand the power station and double the current size of the project, which could be used in alternative energy-conversion technologies, such as coal to liquids. tanzania-rukwa-coal-to-power-projectResults of the study indicate the total project cost will be between USD 640 million and.... Read more »

Posted on : Tuesday , 20th January 2015

Solarcentury launches Kenyan arm

UK-based Solarcentury has joined forces with Kenyan company East African Solar to target commercial PV projects in the country and wider region. Solarcentury has had a Nairobi office since June 2013 headed up by company founder Dan Davies, who will be director of new venture Solarcentury in East Africa. Former East African Solar chief executive Guy Lawrence will be director of business development and work alongside Davies and a.... Read more »