The National Oil Corporation of Kenya has invited for Expressions of Interest (EOI) from eligible companies to acquire a multi-client 3D broadband seismic survey including processing over the shallow waters of the offshore Lamu basin , Kenya.
According to NOC the multi-client surveys and studies are part of the preparation of an open licensing round tentatively scheduled for the year 2017 with a formal announcement on the date to be made by the Ministry of Energy and .... Read more »
Posted on : Friday , 25th September 2015
As Mauritius developed into one of Africa’s wealthiest and advanced nations, the island nation’s focus tended to be far beyond the shores of its home continent.
With sugar, textiles and financial services the mainstays of its economy, the country’s traditional trading partners have been Europe, India and the US.
In terms of Mauritian exports only two African nations — South Africa and Madagascar — registered in its top 10 p.... Read more »
Posted on : Friday , 25th September 2015
African Development Bank President Akinwumi Adesina, who took over this month, said he’s aiming to eliminate Africa’s energy deficit by 2025 by mobilizing $55 billion of investment.
Termed the “New Deal for Energy in Africa,” the continent’s largest development bank said the plan will significantly raise its support for energy projects and that its partners should also scale up efforts. The proposal also called for African countries to in.... Read more »
Posted on : Friday , 25th September 2015
Sub-Saharan Africa’s first light rail system or metro was inaugurated in Addis Ababa last weekend, said the head of the Ethiopian Railways Corporation Getachew Betru
Posted on : Friday , 25th September 2015
The construction of the US$ 18m Muvumbe Hydro-power Dam in Uganda has kicked off. Located in Kabale District, Kigarama village in Nyanja parish, Maziba Sub-county, The mega project will be constructed by Vidullanka PLC from Sri Lanka.
Posted on : Friday , 25th September 2015
Posted on : Friday , 25th September 2015
Cemtech Limited is set to commence in January the construction of a US$ 95m cement plant in Kenya in West Pokot County.
Posted on : Friday , 25th September 2015
Kampala — The Uganda Chamber of Minerals and Petroleum (UCMP) has signed a cooperation agreement with a Chinese province to help boost the budding mining sector.
Posted on : Friday , 25th September 2015
Bukombe — CCM Union presidential flag bearer, Dr John Magufuli, said that if elected the fifth president, small-scale miners will be provided with loans and modern equipment to boost production.
Posted on : Friday , 25th September 2015
Metallon Corporation's revenue for the first half of the year went up 7 percent to $58 million from around $54 million recorded in the first half of last year spurred by an increase in production during the period under review.
Posted on : Friday , 25th September 2015
E Healthcare, the $18 billion healthcare technology division of GE (NYSE: GE), announced the creation of a new business unit, Sustainable Healthcare Solutions (SHS), that will develop high-value, low-cost technologies and healthcare delivery solutions across multiple care settings.
The new organization will invest $300 million as part of a multi-phase effort to develop a more robust affordable healthcare portfolio for customers. The unit will combine GE Healthcare's .... Read more »
Posted on : Friday , 25th September 2015
Emeralds and rubies miner Gemfields (LON:GEM) said Wednesday an independent report by consultancy firm SRK shows the Kagem mine in Zambia is set to produce 1.10 billion carats over a 25 year mine life, which is more than initially anticipated.
The company said the total amount of indicated and inferred mineral resource at the emerald mine, 75% owned by Gemfields, is now estimated at 1.8bn carats worth of the green gemstone and beryl.
According to SRK, t.... Read more »
Posted on : Friday , 25th September 2015
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