Market News Page No. 520| Africa Business News | Afrotrade

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Kenya: Korir Plans to Build 400m Tartan Track At Suwerwo

CHERANGANY MP Wesley Korir is to build an eight-lane 400m tartan track at Suwerwo village in his Trans Nzoia County. The track will be built in collaboration withTranscend Talent and Sports Academy to incorporate sports and education for athletes. Korir announced the plans on Tuesday at his Biribiriet home village while celebrating the fifth year since the inception of the Kenya Kids Foundation and launch of the sports academy..... Read more »

Posted on : Thursday , 8th January 2015

Savannah Cement to build second milling plant in Kenya

Kenyan cement manufacturer Savannah Cement has confirmed plans to invest more than US$198.3mn in the installation of its second milling plant near Kitengela town in Kajiado County to meet the growing demand in the East African nation The high-efficiency milling plant would feature the advanced Roller Press Technology, which allows for eco-friendly, dust and related emissions-free cement production. Savannah Cement managing director Ronald.... Read more »

Posted on : Thursday , 8th January 2015

Organic Agriculture-Uganda's Future

Uganda must capitalise on its potential in organic agriculture; improve product quality and packaging to capture a larger share of the American export market. Meg Jaquay, the vice-president of the American Chamber of Commerce, Uganda, told New Vision in an interview recently that increasing use of non-organic crops, coupled with low quality agricultural products and poor packaging are partly responsible for the country’s.... Read more »

Posted on : Thursday , 8th January 2015

Agriculture is Africa's hope to unify its diversified economy

VENTURES AFRICA – Falling crude oil prices have put several economies across Africa at risk. And has once again shown how critical the agricultural sector is to any economy, particularly that of Africa. Oil-dependent economies like Nigeria, Africa’s largest economy, are increasingly appreciating the importance of the agricultural sector; the West African country is transforming its Agric sector to ensure it becomes another.... Read more »

Posted on : Thursday , 8th January 2015

Africa:International investors find private equity investment effective

Fundraising by Africa-focused private equity has rebounded after the global financial crisis, buoyed by support from the international development finance institutions. Now, the industry hopes to unlock billions of dollars held in African pension funds to dramatically increase the resources available for investment. Some international investors have found private equity an effective way to gain exposure to Africa's fast-growing.... Read more »

Posted on : Thursday , 8th January 2015

A new era of investment in Africa

A scale weighing China's outward direct investments across the globe currently tilts heavily toward Asia, at a whopping 70 percent of total volume by 2013, most of which was poured into Hong Kong. Africa, on the other hand, received less than 5 percent of China's total ODI, at $3.37 billion. But with massive infrastructure projects being planned throughout Africa, such as new railway networks in East Africa and regional air routes at the.... Read more »

Posted on : Thursday , 8th January 2015

Africa woos Chinese investors

Poised to make sweeping economic reforms at a major development conference in March, Egyptian leaders played up their existing cooperative ties with China during a recent visit to Beijing. At the Egyptian embassy in Beijing early this month, a delegation that included Egypt's ministers of transportation, international cooperation, industry and trade as well as electricity and energy said investment opportunities in their country are on.... Read more »

Posted on : Thursday , 8th January 2015

Sonnedix launches solar project JV

International PV developer, Sonnedix, is joining forces with institutional investor, JP Morgan Asset Management, in a new joint venture to pursue emerging solar project opportunities worldwide. The JV, Sonnedix Power Holdings, will hold 17 already built PV projects totalling 117MW in France, Italy, Spain, Thailand and Puerto Rico. It also has a portfolio of 18 projects representing over 600MW of projects in pre-construction stages in.... Read more »

Posted on : Wednesday , 7th January 2015

Rwanda to construct a 21 million litre petroleum storage facility in the next four months

Rwanda is planning to construct a new petroleum storage facility that will have capacity to store 21 million liters – a move that will help boost the overall national reserve that currently stands at 30 million litres. The new facility will also aid in the country’s transportation and importation sectors in the industry. It will be located in Gasabo District, Kigali, and it is anticipated to be complete in the next four months. The.... Read more »

Posted on : Wednesday , 7th January 2015

Soitec to scale back US CPV operations after 150MW project falters

CPV producer Soitec said a 150MW CPV power plant previously announced would be scrapped as the customer, San Diego Gas & Electric was said to have encountered a “major roadblock” in developing the project. Soitec said in a statement: “Certain of the administrative conditions pertaining to the transaction could not be fulfilled timely. Soitec will therefore not receive the expected CPV systems order from the.... Read more »

Posted on : Wednesday , 7th January 2015

Sonnedix consortium poised to build 86MW South Africa PV project

France-headquartered renewable energy developer, Sonnedix, has finalised details of an 86MW PV power plant to be built in South Africa. The project, which falls under the third window of South Africa’s flagship renewable energy procurement programme, will be built in the country’s Northern Cape province. Sonnedix said in a statement today that it had completed all the main contracts for the project, including financing agreements.... Read more »

Posted on : Wednesday , 7th January 2015

Mozambique could join Australia, Qatar in league of world�s largest Gas producers

Mozambique could become the third world’s largest Gas producer after Australia and Qatar should it secure the needed foreign investment in the range of $20Bn to $25Bn according to a study by PriceWaterhouseCoopers. The study released this week says East Africa will become a focus of the global gas industry with Mozambique and Tanzania leading as the new gas frontiers in the region. “Large gas finds in both African.... Read more »

Posted on : Wednesday , 7th January 2015

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