Market News Page No. 580| Africa Business News | Afrotrade

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Demand for construction equipment in Kenya to go up due to upcoming roads projects

Many construction projects in Kenya, among them the government’s commitment to construct 10, 000 km of additional network, is set to increase demand for construction equipment. The Kenya Rural Roads Authority (Kerra) has also indicated that the roads network requires 540 excavators, 1080 rollers and 1440 movers to implement. This is good news for the suppliers and dealers of construction equipment in the region. According to Kerra,.... Read more »

Posted on : Wednesday , 3rd September 2014

Outer Ring Road in Kenya to be expanded into a dual carriage at US$82m

Sino Hydro Tianjin Engineering will undertake expanding of the Outer Ring Road in Nairobi, Kenya at a cost of US$82m. This is after beating other eight firms that submitted bids in the tendering process. The 13 km stretch that feeds the Thika superhighway on the one end will now be expanded into a two-lane dual carriage. Instead of roundabouts, interchanges will now be used. The expansion is expected to start from October this year. The.... Read more »

Posted on : Wednesday , 3rd September 2014

US$11bn new Bagamoyo port project in Tanzania to kick off this year

GULF Energy has won the tender for the development of a 960 megawatt coal plant in Lamu, the Ministry of Energy and Petroleum announced yesterday. However two other firms which had shown interest in the tender and made it to the tip list and considering appealing the award. The chairman of the Lamu coal tender evaluation team, Simon Ngure said Gulf Energy demonstrated it will bill the lowest fuel charge even after the fuel price for.... Read more »

Posted on : Wednesday , 3rd September 2014

Tanzania s Ngaka Basin can produce one billion tons of high quality thermal coal

Tanzania has the potential of bringing birth to one billion tons of high quality thermal coal. The expected one billion tons of thermal coal would come from Tancoal proven coal resources that are in the excess of 200 million tons, plus the Ngaka Basin, Mbalawala and Mbuyura/ Mkapa sub-basins. Tancoal’s Chief Operating Officer, Tarn Brereton, confirmed this and said that out of this revelation, Ngaka Coal Mine reserves can serve.... Read more »

Posted on : Wednesday , 3rd September 2014

Kenya: Sh11 Billion for Electricity in Rural Schools &Homes

THE government will spend Sh11 billion on rural electrification programmes this year. The plan aims to connect more than 1 million households, primary schools, markets and other public facilities to the power grid. Rural Electrification Authority chairman Simon Gicharu said the government has provided enough funding. "By the end of 2015 we will have achieved our target. This will completely turn around the economy," he.... Read more »

Posted on : Wednesday , 3rd September 2014

Two Kenyan firms win US$2bn Lamu coal plant project bid

Two local firms, Gulf Energy Limited and Centum Investment Company Limited, have successfully won the bid for construction of the Lamu coal plant. The power plant is going to be constructed at a cost of US$2bn in Mombasa, Kenya. US$500m to be used in construction will be provided by equity fund, and the balance will be funded through debt. Once complete, the plant is expected to add up to 960MW of electricity to Kenya’s national.... Read more »

Posted on : Wednesday , 3rd September 2014

Banana, avocado and citrus - boosting African exports

Banana, avocado and citrus farmers in Africa will now be able to export their produce to lucrative markets in Europe, the Middle East and South Africa, thanks to new research. "Previously, banana, citrus and avocado from many African countries were banned by several importing countries due to the presence of an invasive Asian fruit fly, known asBactrocera invadens," explains Dr Sunday Ekesi, a scientist with icipe. "Our.... Read more »

Posted on : Wednesday , 3rd September 2014

Kenya: Plant breeding academy to improve nutrition

The African Plant Breeding Academy has been established in Nairobi, Kenya, by the African Orphan Crops Consortium (AOCC)* to improve the livelihoods of Africa's smallholder farmers, reduce hunger and boost Africa's food supply. The Academy will use the latest scientific equipment and techniques to genetically sequence, assemble and annotate the genomes of 100 traditional African food crops to guide the development of more robust products.... Read more »

Posted on : Wednesday , 3rd September 2014

Kenyan consortium says wins tender to build 1 000 MW coal plant

A consortium led by two Kenyan firms won a government tender to build a 1 000-MW, coal-fired power plant, company officials said on Tuesday, part of moves to satisfy rising demand for energy in East Africa's biggest economy.Kenya suffers from regular blackouts due to supply shortfalls and an aging grid, forcing most businesses and wealthy people to have stand-by generators. Businesses cite frequent power outages as a barrier to economic.... Read more »

Posted on : Wednesday , 3rd September 2014

Ghana:Delayed gas project to start production end-2014 � President

Ghana's delayed project to supply gas from its offshore Jubilee oil field will start production by the end of the year, President John Mahama said on Tuesday during a visit to the site. "Some gas will start flowing soon but commissioning will be when the full volume of 120-million standard cubic feet of gas is being tramsitted to Aboadze and I suppose that will be sometime by the end of this year," Mahama told.... Read more »

Posted on : Wednesday , 3rd September 2014

New state-of-the-art hospitals to be built in SA

About 43 new state-of-the-art hospitals are expected to be built across South Africa within the next five years. Over and above, 216 new clinics will also be built by the national Department of Health, and 816 old hospitals across the country will be renovated, said Health Minister Dr Aaron Motsoaledi.Minister Motsoaledi was speaking to media after the official opening of the R1-billion Dr Harry Surtie Hospital in Upington, on.... Read more »

Posted on : Wednesday , 3rd September 2014

Ghana: Singapore to Train Ghanaians in Oil Industry

Accra — SINGAPORE will train local engineers and technicians following an arrangement secured by the Minister of Energy and Petroleum, Emmanuel Armah-Kofi Buah. An initial group of 15 engineers and 40 technicians will undertake various training programmes in oil and gas to enable them return to Ghana with the expertise. Buah said Singapore was making frantic efforts to tighten laws relating to Singapore companies.... Read more »

Posted on : Wednesday , 3rd September 2014

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