The Chinese company, Asian and African Business Management, has teamed up with a Namibian company, Whale Rock Cement, to set up a 350 million U.S. dollar cement plant.
Posted on : Friday , 30th October 2015
A consortium that is tasked with the construction of a coal fired power plant in Kenya Amu power, has confirmed that the building of the plant in Lamu will commence next year in January.
Posted on : Friday , 30th October 2015
The construction of Peugeot car manufacturing plant in Algeria is almost complete and is set to be commissioned, minister for Industry and Mines Abdessalem Bouchouareb has announced.
Posted on : Friday , 30th October 2015
SUBSTANTIAL investment in the energy sector is set to increase electricity generation to make history the long overdue power blues that have been contributing to cost of doing business.
TIB Development Bank entered into a deal with the state owned Power Company (TANESCO) to release and arrange a syndicated loan aimed at putting new infrastructure, the transmission line from Somanga in Kilwa to Kinyerezi in Dar es Salaam. In the lucrative deal, the TIB Development Bank will di.... Read more »
Posted on : Thursday , 29th October 2015
WILLIAMSON Diamond Mine, the subsidiary of Petra Diamonds, production rose by 7 per cent in the year 2015 to 202,265 carats compared to 188,465 carats in 2014, mainly due to the increase in Run of Mine (ROM) tonnes treated.
According to the Petra Diamonds Annual Reports and Accounts, revenue increased 15 per cent to 62.1 million US dollars in the year under review compared to 53.9 million US dollars posted in 2014 due to the higher proportion of ROM versus alluvial diamonds f.... Read more »
Posted on : Thursday , 29th October 2015
THE National Service economic wing (SUMA-JKT) and a Polish firm Ursus S.A signed a US $55 million deal for tractor supply and construction of an assembling plant.
The signing held at National Service (JKT) Headquarters was witnessed by Prime Minister Mizengo Pinda and former Polish president Lech Walesa, who is also a Nobel Laureate.
Premier Pinda said the deal was the outcome of his last year's visit to Poland where the east Europen country committed to provid.... Read more »
Posted on : Thursday , 29th October 2015
SOUTH Korean engineering firm, POSCO, may build and help arrange financing for a graphite project in Tanzania being developed by Magnis Resources, as the Australian explorer races to start production from the east African site by 2017.
Demand for graphite is expected to soar as it is a major ingredient in lithium-ion batteries for hybrid vehicles and wind and solar energy storage, with appetite for greener transport and energy booming. Magnis, said yesterday it had signed a m.... Read more »
Posted on : Thursday , 29th October 2015
Sudan is one of Africa’s largest gold producers; and a vast resevoir of untapped resources provide further golden opportunities for investors in mining
The secession of South Sudan has proven to be the catalyst Sudan needed to revitalize its economy, the country’s State Minister for Investment Osama Faisal Elsayed Ali states. Since 2011, the country has embarked on a bold strategy of diversification away from oil, and towards industries such as mining and .... Read more »
Posted on : Thursday , 29th October 2015
World Bank reports released today underline the way to improving the competitiveness of key manufacturing sectors in Kenya. Analysis shows that the performance of the timber-furniture, textile-apparel, and leather and leather products value chains in Kenya are important for employment and growth in the country.
Posted on : Thursday , 29th October 2015
Norwegian firm Scatec has begun plans to construct 250MW capacity solar plants in Egypt aimed at boosting electricity production in the country.
Posted on : Thursday , 29th October 2015
Kenya now banks on solar power in a bid to meet its electricity demand. The country will now be focusing more on solar energy to boost its 5,000MW increase on the grid by 2016,the Energy and Petroleum ministry has announced.
Posted on : Thursday , 29th October 2015
Wood Mackenzie asserts that the oil price crash has accelerated the need for fiscal adjustments, as Sub Sahara African governments prepare to weather significant reductions in vital tax revenue. With no increase expected in production volumes, future revisions will need to strike the right risk and reward balance – incentivising investors to commercialise the continent’s vast untapped resource base.
According to the analysis company the oil price decline h.... Read more »
Posted on : Wednesday , 28th October 2015
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