Market News Page No. 560| Africa Business News

Bokpoort Concentrated Solar Power (CSP) plant in South Africa

Construction work on the 50MW Bokpoort Concentrated Solar Power (CSP) plant in the Northern Cape, South Africa is moving on smoothly with 50 percent of the work through. The solar power plant, which is being built as part of the Energy Independent Power Producer Procurement Programme in the country will be equipped with the largest thermal storage capacity ever adopted by plants of such a class. The capacity targeted is 9.3.... Read more »

Posted on : Saturday , 25th October 2014

Nigeria's new gas power plant in Ajaokuta is underway

Federal government has reached a memorandum of understanding with 3D Hitech System Ltd for construction of a gas power plant in Ajaokuta. It has also reached an MOU with T SEPCOIII Electric Power Construction Corporation and the CGC Nigeria Ltd for additional investment in power distribution and transmission in the country. 3D Hitech has already carried test running of the 110MW of gas power system, which will be commissioned in.... Read more »

Posted on : Friday , 31st October 2014

Angola to carry out five hydroelectric projects

Angola will carry out five new hydroelectric projects to produce 7, 000MW of power. This is according to Angola’s agency for development of the middle Kwanza (Cuanza) River, which has also said that the new hydroelectric projects will be based along Kwanza River. Lined up for construction is five new dams, and the project will be part of the national program for development of middle Kwanza River according to Director Elias.... Read more »

Posted on : Saturday , 25th October 2014

World Bank to invest US$ 20m in a new wind power project in Kenya

The World Bank, through its private arm International Finance Corporation (IFC) will be investing US$ 20m in equity into a wind power project in Kajiado County. The funds will be channeled towards the Kipeto Wind Power Project which is going to be developed on a 70 kilometer square piece of land South-west of Nairobi. The project will be in the Esilanke area currently being utilized for agricultural purposes. 100MW of electricity is.... Read more »

Posted on : Saturday , 25th October 2014

Local Zimbabwe firm introduces solar tiles in the market

Summersrand Alternative Energy has introduced solar tiles in Zimbabwe and neighboring markets, in a bid that will help increase supply of power to homes and reduce impacts of load-shedding in these countries. The new solar tiles will also help in exploiting of renewable resources according to the company’s Craig Mapedzamombe, something that’s already booming all across Africa. “The solar tile roofing is a new system.... Read more »

Posted on : Saturday , 25th October 2014

Kenya: Tullow in Successful Exploration Exercise in Kenya

Nairobi — TULLOW Oil has announced the results of a series of recent exploration and appraisal activities conducted in Blocks 10BB and 13T onshore Kenya. The company said the Kodos-1 exploration wildcat in Block 10BB is the first well drilled in the Kerio Basin, northeast of the successful South Lokichar Basin. Hydrocarbon shows were encountered in Kodos-1 which indicates the presence of an active petroleum system..... Read more »

Posted on : Friday , 24th October 2014

Nigeria: Shell's Gas Facility to Generate Electricity

The managing director of Shell Petroleum Development Company (SPDC) and country chair of Shell Companies in Nigeria, Mutiu Sunmonu, has said that the Otumara Associated Gas Solution Project will generate six megawatts daily. "Today, we are all witnesses to the completion of the fabrication and integration of Otumara AGS Central Processing Facilities (CPF), the part of the gas plant where a nominal 20 million.... Read more »

Posted on : Friday , 24th October 2014

KBR Daewoo Consortium Wins FLNG FEED Contract/Competes for EPCIC

KD Consortium, consisting of KBR and Daewoo Shipbuilding & Marine Engineering Company, Ltd, has been awarded a front end engineering design (FEED) contract by Eni East Africa SpA for a floating liquefied natural gas (FLNG) facility for the Coral South Development Project located in Mozambique. With the award, the KD consortium will be one of three consortia competing for the engineering, procurement,.... Read more »

Posted on : Friday , 24th October 2014

Five nurseries for Trans Nzoia banana farming

The Trans Nzoia government has established five tissue culture banana hardening nurseries. Governor Patrick Khaemba said the nurseries are erected in Kwanza, Kiminini, Cherangany and Endebess constituencies. He said the nurseries will help farmers access certified high quality banana seedlings. Khaemba said this is one way of diversifying from maize farming to ensure farmers have money throughout the.... Read more »

Posted on : Tuesday , 21st October 2014

Kenya: Bank Loans to Boost Taveta Dairy Farming

More than 3,000 dairy farmers in Taita Taveta will receive bank loans and farm inputs. The new extension service programme aims to expand the dairy enterprise. Speaking at the Wumingu Brookside dairy cooling plant in Wundanyi yesterday, Brookside milk procurement manager John Gethi said the new service will also help farmers in Kilifi and Tana River counties. Brookside Dairy is the main market for farmers'.... Read more »

Posted on : Tuesday , 21st October 2014

Governors to improve farming with new skill

Nine governors learnt innovative agricultural practices while on a two-week visit to Germany. They learnt frameworks, conditions and appropriate packages and approaches to boost agriculture, Bungoma Governor Kenneth Lusaka told the Star on the phone yesterday. The nine jetted back into the country on Wednesday night. “The governors have developed clear strategies and plans on how to profitably invest in.... Read more »

Posted on : Tuesday , 21st October 2014

Commercial fish farming secures Kenyan farmers' earnings

After going through seven years of repeated low maize and bean yields, John Kabiru, a farmer in Nakuru County, about 180 kilometres northwest of Nairobi, sought for a solution. He solely depended on sale of the crops to take care of his family but the losses were suppressing his efforts to gain economic freedom. So in 2010, Kabiru took a 3,450 U.S. dollars loan from a Sacco and invested in one fish pond. Since then, he has.... Read more »

Posted on : Tuesday , 21st October 2014