Engie Africa launched a pilot project earlier this month to provide purified water, power and Wi-Fi to off-grid communities in Kigali, Rwanda. The project is being developed through a partnership between Engie Energy Access and OffGridBox, a water and solar company founded in 2016 with offices in Rwanda and the United States. The project ultimately aims to supply 18% of households in Kigali that do not currently have access to power. The project includes backup systems for lighting .... Read more »
Posted on : Tuesday , 27th October 2020
Upstream oil and gas company Aminex, has declared completion of the Ruvuma farm-out through its entire subsidiary, Ndovu Resources, transferring 50% interest in, and operatorship of the Ruvuma PSA to ARA Petroleum Tanzania Limited.
Over the past 12 months, the company has borrowed $3 million from ARA Petroleum which has now been compensated to ARA by means of US$5 million cash consideration payable to the company on completion of the farm-out.
The sum of interest that .... Read more »
Posted on : Tuesday , 27th October 2020
The Komaza logging company has recently concluded a Class B fundraising campaign that raised USD 28 million. The money will be used to grow forest plantations for sustainable timber harvesting.
Sustainable timber harvesting in Kenya could have a promising future. Such is the vision that underlies the financial activity that Komaza has recently concluded. The logging company raised USD 28 million to extend its activities in Kenya and elsewhere in Africa. In rural K.... Read more »
Posted on : Monday , 26th October 2020
Indian automaker Mahindra & Mahindra has started assembling two of its small commercial trucks in Kenya, becoming the latest global carmaker to start operations in East Africa's richest economy.
Mahindra's entry follows that of French carmaker Peugeot SA and Germany's Volkswagen AG, both of which announced resumption of local assembly in 2017 and 2016 respectively, after decades-long absences.
The interest in the local new vehicle market by international firms, whi.... Read more »
Posted on : Monday , 26th October 2020
PROTON Holdings Bhd steps into Kenyan market by sending the first batch of cars to the republic.
The cars, totalling 30 units of Proton Saga, were shipped as completely knocked down (CKD) kits and will be assembled by Simba Corp, a diversified conglomerate with a long history of sales and assembly experience in the automotive industry.
Proton deputy CEO Datuk Radzaif Mohamed said “While strengthening Proton’s domestic position is critical to be truly ackno.... Read more »
Posted on : Monday , 26th October 2020
South Sudanese oil marketing giant Trinity Energy Ltd is set to inject $10 million worth of new investments in its Kenyan operations and also plans to build a $500 million crude oil refinery in South Sudan to aid the region with refined petroleum products.
The firm, which controls close to 40% of the South Sudanese oil market, is studying 40,000 barrels per day (bpd) modular refinery at Paloch in the oil-rich Upper Nile State, with the potential of expanding capacity to 200,0.... Read more »
Posted on : Friday , 23rd October 2020
Dr James Mataragio, Tanzania Petroleum Development Corporation's Managing Director, said in Dar es Salaam earlier that the host government agreement talks with the consortium of IOCs led by Royal Dutch Shell and Equinor will pave way for a final investment decision.
"We are making progress because we have just finished land acquisition after compensating all affected people in Lindi Region," Dr Mataragio noting that progress has been made with TPDC paying over 5.4bn/- compens.... Read more »
Posted on : Tuesday , 20th October 2020
The construction of 2,160MW Koysha hydropower dam in Ethiopia is 39 per cent complete. The dam is the fourth hydropower project under construction on Omo River.
Dr Seleshi Bekele, Minister of Water, Irrigation and Energy, stated that the construction works at the dam are progressing well. "This project shows how our country Ethiopia is utilizing its water resources for a sustainable development and to improve the livelihoods of its citizens," he mentioned during his visit to .... Read more »
Posted on : Tuesday , 20th October 2020
The large number of households in Sub-Saharan Africa relies on costly, inefficient and hazardous fossil-fuel based lighting, and buying the kerosene for lamps can consume up to 30% of total family incomes.
Lighting Africa (LA) is a joint IFC/World Bank programme to accelerate the market for affordable and modern off-grid lighting solutions in the region. LA is mobilizing the private sector to provide 500,000 high quality lanterns by the end of 2012, benefiting some 2.5.... Read more »
Posted on : Monday , 19th October 2020
At the turn of the 21st century, China and Africa established what would become one of the world's most vibrant and successful multilateral platforms for international cooperation - the Forum on China-Africa Cooperation (FOCAC).
As the forum marks its 20th anniversary this year, it has triumphed over naysayers' pessimism over China-Africa cooperation and carried forward the spirit of jointly building a China-Africa community with a shared future.
FOCA.... Read more »
Posted on : Thursday , 15th October 2020
The government has finalized plans to set up a central chemical testing laboratory in Marsabit County to serve the northern region.
Government chemist Ali Gakweli said preparations for the facility had started with the government chemist department securing a building at the local Kenya Agricultural and Livestock Research Organization (KARLO) centre.
Gakweli who lead a team on a mission to lay ground for the starting up of the fourth such centre in th.... Read more »
Posted on : Tuesday , 13th October 2020
Dune Packaging is a manufacturer of rigid plastics has collaborated with Mondi to produce quality packaging for food items for the consumers, like grain, maize and flour using Advantage Kraft White Print paper.
Dune packaging along with its partnership wants to infiltrate the market by providing open mouth paper bag packaging with multicolour and complex designs.
"We have recognised a probability to change the packaging of milling industr.... Read more »
Posted on : Thursday , 8th October 2020
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