Market News Page No. 572| Africa Business News | Afrotrade

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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

East Africa: EAC States Could Switch to Cleaner Fuels Effective January 2015

Plans for five countries in East Africa to adopt cleaner fuel standards in 2015 are likely to help absorb excess low-sulphur oil products coming out of Middle East and Indian refineries, where new capacity is being added, industry sources said. Rwanda, Kenya, Tanzania, Uganda and Burundi are due to switch to the cleaner fuels from January 2015, according to documents posted on the websites of the regional intergovernmental.... Read more »

Posted on : Wednesday , 3rd September 2014

Kenya: Efforts to tackle malnutrition receive boost

Glenmark, a global integrated pharmaceutical company, will spend Kshs5 million this year on a three-year programme to address malnutrition in Nairobi's Kibera slums. Speaking during the launch of the programme in Kibera, Jessica Mbochi of the Division of Nutrition in the Ministry of Health said that about 35% of children below the age of five are malnourished and called for more efforts to address nutritional needs of underprivileged.... Read more »

Posted on : Saturday , 6th September 2014

Philips to establish research and innovation hub in Kenya

Philips has announced the establishment of its Africa Innovation Hub in Nairobi, which is to work both on the creation of new inventions, as well as bringing them to the market. It will also do application-focused scientific and user studies to address key challenges, like improving access to lighting and affordable health care, as well as developing innovations to meet the aspirational needs of the rising middle class in Africa. The Philips.... Read more »

Posted on : Saturday , 6th September 2014

African, U.S. Leaders Announce New Partnerships to Help Farmers

The New Alliance for Food Security and Nutrition now has commitments from private investors totaling more than $10 billion, U.S. and African officials announced at the U.S.-Africa Leaders Summit. These new investments are expected to create about 650,000 jobs and reach over 5 million small-holder farmers in initial New Alliance and Grow Africa countries, the U.S. Agency for International Development (USAID) said in a press release. This.... Read more »

Posted on : Tuesday , 2nd September 2014

ENOC Africa Set to Further Invest in East Africa's Oil Terminal, Storage Facilities

In a bid to create reliable petroleum products market in the country, a subsidiary of Dubai government owned oil firm Emirates National Oil Company (ENOC Africa) operating in the country is expected to invest heavily in terminal and oil storage facilities. The move is expected to immensely increase oil supply in the local market and the region at large. ENOC Africa is a joint venture company between Petro (T) Limited, a.... Read more »

Posted on : Tuesday , 2nd September 2014

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