Market News Page No. 573| Africa Business News | Afrotrade

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Nigeria: China Indicates More Interest in Nigeria's Oil, Gas

MR Liu Kan, the Consul-General of the Consulate General of People's Republic of China in Lagos, on Thursday expressed his country's growing interest in Nigeria's oil and gas industry. Liu told the News Agency of Nigeria (NAN) in Lagos that China would also depend on Nigeria to satisfy the demand of her increasing population for crude oil and gas. "China is the most populous nation in the world and her demand for oil.... Read more »

Posted on : Monday , 15th September 2014

Ethiopia: New UK Company Acquires Oil Exploration Blocks in Ogaden

A new UK-based company, Delonex Energy Limited, two weeks ago acquired oil exploration blocks in the Ogaden basin, in eastern Ethiopia. Delonex Energy is an oil and gas exploration company focused on sub-Saharan Africa. In a statement issued on August 25, Delenox Energy said that the Ethiopian Ministry of Mines had awarded it an exploration license in the Ogaden basin. The license area covers blocks 18, 19, and 21,.... Read more »

Posted on : Monday , 15th September 2014

Nigeria: Access Expansion Drive - FG Leverages On Draft National Policy On Renewable Energy

The Minister of Power, Prof. Chinedu Nebo has disclosed that the proposed National Policy on Renewable Energy and energy efficiency has been conceived by Government to drive its quest for electricity expansion nation-wide. The Minister, who was represented by his Senior Special Assistant, Prof, Chidi Onyia, averred that the proposed policy framework that will drive renewable energy issues is a product that would be well accepted.... Read more »

Posted on : Monday , 15th September 2014

Ethiopia: Geothermal Plant to Be Operational in April - Ministry

Ethiopia is striving for the operation of the Aluto-Langano geothermal power plant with installed capacity of 70mw power in this fiscal year, the Ministry of Water, Irrigation and Energy said. Energy Study and Development Follow-up Director, Gosaye Mengistie said over 78 percent of construction of the geothermal plant has so far been finalized. It is expected that the plant will commence operation in.... Read more »

Posted on : Monday , 15th September 2014

Saudi Arabi agrees to supply Zambia with petroleum

Zambia and Saudi Arabia have agreed terms on a possible government-to-government deal that will enable the oil-rich Middle East country to supply the mineral-rich State with petroleum in bulk on a long-term basis. Mines, Energy and Water Development Minister Christopher Yaluma said in an interview that Saudi Arabia had agreed to supply Zambia with significant quantities of petroleum on a government-to-government contract to be signed.... Read more »

Posted on : Monday , 15th September 2014

Kenya and Norway to sign petroleum resources agreement

Kenya and Norway will sign an agreement on petroleum resources to help the east African country manage new oil discoveries, Norway’s new ambassador to Kenya was quoted as saying. “We are considering a long-term agreement with Kenya’s ministry of energy and petroleum on effective and socially responsible management of petroleum resources,” Victor Ronneberg said, according to a note issued by Kenya’s.... Read more »

Posted on : Monday , 15th September 2014

Link Zambia 8000 road project is driving demand for earth-moving equipments

Dr Guy Scott, the vice president of Zambia has said that the recently unveiled phase of Link Zambia 8000 road project is driving demand for earth-moving equipments in the country. Scott’s message was read by Labour and Social Security Minister Fackson Shamenda in the unveiling of the plaque at the U.S$ 14m Barloworld Equipment Kitwe facility. Scott said the Link Zambia project was creating new opportunities for Small and Medium.... Read more »

Posted on : Friday , 12th September 2014

Construction of US$ 7.66b new modderfontein city in South Africa

Hong Kong- listed property development Group Shanghai Zendai will be constructing a US$ 7.66bn new Modderfontein City in South Africa starting next year. The project will comprise construction of a university, schools and a contemporary African gallery. Development of infrastructure, among them a Gautrain station planned for the next four to five years, is part of construction works awarded about US$ 273m. The city will mainly host.... Read more »

Posted on : Friday , 12th September 2014

US$1.2bn new fertilizer production plant to be built in Kenya

The Government of Kenya has signed an agreement with Toyota Tsusho Corporation, which will see the global car maker construct a US$1.2bn fertilizer plant in Eldoret, Kenya. The project involving construction of the new fertilizer production plant will be implemented in two phases, where the first phase will see construction of a Nitrogen Potassium Calcium (NPK) production plant, while the second phase will see Toyota construct a plant for the.... Read more »

Posted on : Friday , 12th September 2014

Uganda: 13 firms bid for JLOS House construction

The justice ministry has been receiving bids since June 12 when they announced expression of interest for construction of the complex to be called JLOS House. The complex will be constructed under a Public, Private Partnership (PPP) arrangement, according to a statement from JLOS. Jim Mugunga, the finance ministry spokesperson told New Vision Online that funds from government were available to finance the government component for the complex.... Read more »

Posted on : Thursday , 11th September 2014

Kenya: NHC to Build 40 Housing Units in Kisii

THE National Housing Corporation will construct 40 housing units in Kisii Town. NHC general manager in charge of technical operations Willis Ouma said the two bedroom units will be built at Nyanchwa estate in the outskirts of Kisii town. Speaking at Deputy Governor Joash Maangi's office last Friday, Ouma said the five-storey blocks will reduce the housing shortage in Kisii town. Maangi said the county has a high number of workers who do not.... Read more »

Posted on : Thursday , 11th September 2014

Bagamoyo Port construction starts this year

Previous, the construction of the port at Mbegani creek was estimated to begin next January but speed of negotiations permitted the project to kick off this year, thanks to Big Results Now (BRN) initiative. The Tanzania envoy to China, Mr Abdulrahaman Shimbo told ‘Daily News’ that the port will be built in phases were the main leg expect to begin soon after completion of negotiation, which are at final stages. “The.... Read more »

Posted on : Thursday , 11th September 2014

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