N e w s

Over 100 investors eye African Upcoming Project

 The ranch covering 1.78 million acres is located between Rivers Galana and Tana, which have adequate flow to supply water for irrigation. Agriculture Principal Secretary Sicily Kariuki said the project to ensure a million acres have been irrigated by 2017, has seen various investors express interest.  “Over 100 investors have expressed interest in writing since last year. Some of the investors are from Malaysia, Germany, India,.... Read more »

Posted on : Wednesday , 31st December 2014

EAC explore trade opportunities with the Eurasian Economic Union

 According to the statement, this was one of the resolutions agreed on during a recent meeting between EAC ambassadors in the Russian Federation and representatives of the EEC that took place at the Kenyan Embassy in Moscow, Russia. Rwanda was represented by Amb Jeanne d’Arc Mujawamariya and first secretary, Francis Karagire. “The meeting was aimed at learning about the EEC integration process and development of the economic.... Read more »

Posted on : Wednesday , 31st December 2014

Western Corporation Limited exploring the East African Oil & Gas Industry

 Western Corporation limited signs up as a Platinum Sponsor at the 4th Oil & Gas Africa 2015 which will take place from the 27th – 29th April 2015,  at the Kenyatta International Conference Centre, Nairobi, Kenya. The expo is a hub for key players in the oil and gas community, attracting  leading oil, gas and petroleum companies from around the world. This regional trade event serves the resource-rich east African.... Read more »

Posted on : Wednesday , 31st December 2014

Gas Project Law Adopted by Mozambique Sets Benchmark, IMF Says

 A law adopted by Mozambique this week to provide long-term fiscal and legal stability for gas projects off its northern coast will be a benchmark for such agreements in other countries, said the International Monetary Fund.   The law applies to two projects in the Rovuma Basin, near the border with Tanzania, operated by Anadarko Petroleum Corp. (APC) and Eni SpA. (ENI) It sets terms covering 30 years, while allowing for the tax the.... Read more »

Posted on : Tuesday , 30th December 2014

Eland Oil & Gas - Crude Oil Sale Update

 Eland (AIM: ELA), an oil & gas production, development and exploration company operating in West Africa with a principal focus on Nigeria, is pleased to announce that Elcrest Exploration and Production Nigeria Ltd ("Elcrest"), Eland's joint venture company, has completed the loading and sale of a further 31,500 bbls gross of crude for an average price of $94.93 per barrel. This will be the Group's final loading and sale for.... Read more »

Posted on : Tuesday , 30th December 2014

East Africa Sees Growth Accelerating on Investments

 Growth in Kenya, East Africa’s biggest economy, is expected to accelerate over the next three years as the government increases spending on roads, railways and power plants, the National Treasury said.   The economy may expand 6.1 percent in the fiscal year that ends on June 30, 2015, Geoffrey Mwau, economic affairs director at the Treasury, said today in a presentation in the capital, Nairobi. The rate is forecast to increase.... Read more »

Posted on : Tuesday , 30th December 2014

Growth in the African Manufacturing Industry

 This sector is mainly agro based at the moment and plays an important role in adding value to agricultural output by providing forward and backward linkages with agricultural sector. However, there is a shift to export oriented manufacturing as the main thrust of Kenya's industrial policy since the country aims to raise the share of products in the regional market from 7% to 15 %..... Read more »

Posted on : Tuesday , 30th December 2014

Keroche pumps Sh4 billion into factory expansion and brand diversity

 Keroche Breweries has invested Sh4 billion to expand its Naivasha plant. Company chief executive Tabitha Karanja said the brewer will also be increasing its range of products. “Keroche is embracing advanced brewing technology to ensure Kenyans and the region get sufficient supply of high quality bear,” she said. Mrs Karanja spoke in Nakuru yesterday during a marketing tour. She said Keroche is putting up a modern.... Read more »

Posted on : Tuesday , 30th December 2014

Swala Energy Receives Funding for Exploration in its East African Acreage

Swala Energy Limited has announced that Swala has received US $750,000 under the terms of the Convertible Note Facility pursuant to the Company’s ASX Announcement in mid December.   Under the terms of the Facility 750,000 Convertible Notes will be issued subsequent funding of up to US $750,000 per tranche is available at Swala’s request and may be drawn down every 40 calendar days under the Facility up to.... Read more »

Posted on : Tuesday , 30th December 2014

East African Oil & Gas Market 2014-2024: Upstream & Midstream

 According to officials at Eco (Atlantic) Oil and Gas, the agreement would be deemed an “all-share” deal, which would save costs and strengthen itReport Details East Africa is fast becoming one of the world's most interesting oil and gas hotspots. For many years the area was neglected by the world's oil and gas industry, and even in Africa it was overshadowed by the rapid development in West Africa and the established markets.... Read more »

Posted on : Monday , 29th December 2014

Eco (Atlantic) Oil & Gas to acquire Pan African Oil in Namibia

 s position as a dominant license holder offshore Namibia. Pan African Oil, an Africa-focused oil and gas explorer, operates two licenses in offshore Namibia, which covers around 13,000 sq km. The company has already completed the first term work commitments for both licenses, and has found a potentially new prospective geological fairway. The Canadian explorer Eco (Atlantic) Oil and Gas owns and operates four licenses in Namibia, three.... Read more »

Posted on : Monday , 29th December 2014

Kenya to construct bridge across Likoni channel

Principal Secretary, Infrastructure Development, Eng John Mosonik said to provide a more reliable link to South Coast, plans have commenced for the construction of the Likoni bridge to replace the ferry.   The Likoni Ferry, serviced by the Kenya Ferry Services (KFS) has come under constant criticism over inefficiency particularly from tourism players who have had to grapple with long queues due to delays and ageing equipment.   Eng.... Read more »

Posted on : Monday , 29th December 2014



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