Market News

  • East Africa's Energy Future Shines Bright - Investors Are Keeping a Close Watch

    Posted on :Monday , 6th September 2021

    The eyes of international oil and gas investors are becoming increasingly fixed on Africa as an area of development, and on the East Africa region in particular – with good reason.

    “It’s no secret that the East African oil and gas sector has recently benefited from substantial FDI,” says Paul Sinclair, Vice Presi. . .

  • Tanzanian Oil And Gas Experts Will Benefit From DMI's Expertise

    Posted on :Thursday , 19th August 2021

    More relevant courses have been added to the Dar es Salaam Maritime Institute (DMI) with the goal of nurturing oil and gas experts to take advantage of the country's significant gas finds in the country's southern areas.

    This was said by DMI tutorial assistant Captain Haruna Ally, according to the Daily News. The idea, according to Ally, is to train local specialists to extract gas rathe. . .

  • Kenya And China Jointly Host A Regional Workshop On Petroleum Engineering In Luban

    Posted on :Tuesday , 17th August 2021

    Kenya's energy sector is expected to undergo huge changes following the opening of the country's second Luban Workshop at Taita-Taveta University, which will concentrate in petroleum and petrochemical engineering.

    This new venture is part of a long-term cooperative goal to establish a technical workforce to help the country better utilise the Blue Economy's potential.

    Ambassador S. . .

  • Kenya, Tanzania Signs Over $1B Gas Pipeline Agreement

    Posted on :Thursday , 15th July 2021

    Kenya and Tanzania, after years of tense relations, have inked a multibillion-dollar gas pipeline agreement.

    Tanzanian President Samia Suluhu visited Kenya for the first time to sign the agreement, at the invitation of Kenyan counterpart Uhuru Kenyatta. 

    “We are friends in East Africa. Kenya leads in investments in my country Tanzania, and has invested in 5. . .

  • Kenya secures US $13m for Mombasa LPG project

    Posted on :Thursday , 17th June 2021

    Kenya has secured US $13m for the construction of the Mombasa liquefied petroleum gas (LPG) import and storage terminal project

     

    The funds was injected by the International Finance Corporation (IFC)– World Bank private financing arm. Mombasa Gas Terminal (MGT) Managing Director Eng. Julius Riungu confirmed the report and said the funding paves way for the co. . .

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