Leading global solar firm Scatec is now planning to invest over $600m for the construction of solar projects in Egypt over two years.
The firm’s senior Vice President Terje Osmundsen said they are looking forward to building more solar projects in Egypt aimed at addressing the country’s power shortage.
He added that as the sun is very stable from morning to evening, plenty of solar power can be generated in Egypt. These investments will crea.... Read more »
Posted on : Saturday , 21st November 2015
A special committee involving construction regulators has been formed to help look into challenges surrounding issuance of construction permits in Kenya that have been dragging the country down in global business competitiveness.
The committee will look into the nature of construction permits Kenya and related challenges.
The team will then advise on whether the permits should be simplified or eliminated going forward, depending on their relevance.... Read more »
Posted on : Saturday , 21st November 2015
TANZANIA TELECOMMUNICATIONS COMPANY LIMITED (TTCL) HAS EMBARKED ON A MAJOR NETWORK TRANSFORMATION THAT WILL ALLOW CONVERGENCE OF MOBILE AND FIXED ACCESS OPERATIONS.
The transformation, also geared to meet growing demand for bandwidth with high-quality and affordable services under the deal inked between TTCL and Alcatel-Lucent.
According to TTCL, the three years frame agreement penciled in South Africa, will see Alcatel-Lucent’s IP and optical technologie.... Read more »
Posted on : Friday , 20th November 2015
Solo Oil is pleased to announce that it has reached agreement with Aminex plc to farmout a 12.5% net working interest in the Ruvuma Petroleum Sharing Agreement in Tanzania to Aminex in a back-to back agreement which will see Bowleven plc, an AIM listed oil and gas company, join the Ruvuma PSA joint venture with a 50% net working interest.
Solo will receive from Aminex a total consideration, in the form of a carried work program contribution and production bonus paymen.... Read more »
Posted on : Friday , 20th November 2015
Four industrial parks in Ethiopia will be constructed in the next two years that will cost US$ 2bn, a senior government official has confirmed.
Posted on : Friday , 20th November 2015
Ugandan firm Pearl Dairy Farms has announced plans to construct a dairy factory in Kenya that will be tasked with production and repackaging of milk products. The factory to be constructed in the capital Nairobi is aimed at growing Pearl’s market share in the region.
Posted on : Friday , 20th November 2015
Construction industry in South Africa should strengthen and emerge as a major player in Sub-Saharan Africa, an expert from research firm McKinsey Global Institute has said.
Posted on : Friday , 20th November 2015
Cape Town — World Panel, the United States solar energy firm, has announced a partnership with Vodacom as a key retail partner to sell some of the former's products in South Africa.
Posted on : Thursday , 19th November 2015
The Kenya International Investment Conference is set to take place in Nairobi on November 23-25, showcasing investment opportunities.
Posted on : Thursday , 19th November 2015
Swedish Ambassador to Zambia Henrik Cederin has revealed that his country will invest up to K200 million towards implementation of renewable energy in Zambia.
Posted on : Thursday , 19th November 2015
London — Cummins Cogeneration Limited (CCL), headed up by Deepak Khilnani, and WUTA Energy are set to commence the development of a 140MW gas-fired power plant. Based in Beyin, the plant is the first phase of a 300MW Power Purchase Agreement to supply energy to the Ghanaian Grid, and once complete, it will be the largest gas engine power project in sub-Saharan Africa.
Posted on : Thursday , 19th November 2015
Golden Sibanda — Munyati Power Station will have its electricity generation capacity restored to 100 megawatts after Indian firm, Jaguar Overseas Limited (JOL) and its local partner were awarded the engineering procurement tender to refurbish the plant. Jaguar Overseas, backed by its local partner Intratrek Zimbabwe Limited, was awarded the rehabilitation tender at an EPC price of $113 million excluding taxes, as the efforts to solve Zimbabwe's debilitating electricity woes ga.... Read more »
Posted on : Thursday , 19th November 2015
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