The government has been asked to consider reviewing the current Production Sharing Agreement (PSA) system to make exploration and related activities within awarded licences more realistic.
“We understand that the nation needs tax revenues, but I think it is counterproductive to tax operations if by taxing them, they are delayed or made more expensive.Tthe returns from operations will dwarf any revenues that the country may make from the current tax regime.... Read more »
Posted on : Monday , 30th November 2015
Nigerian vice-president Yemi Osinbanjo has signed an agreement with the UK government to increase the deployment of solar energy to the West African country’s rural communities
Posted on : Monday , 30th November 2015
A final investment decision is expected mid-2016 on Namibia’s Kudu gas-to-power project, which is expected to boost electricity security in the southwest African country
Posted on : Monday , 30th November 2015
JCB Power Products has acquired the business and assets of diesel generator producer Broadcrown Ltd
Posted on : Monday , 30th November 2015
Rwanda, along with Climate Investment Funds (CIF), will work to provide access to electricity to around 70 per cent of its population by 2018
Posted on : Monday , 30th November 2015
Ethiopian Airlines, Africa's largest carrier, wants to buy 10 narrowbody planes and is considering Canada's Bombardier and Brazil's Embraer jets among others, as it plans to nearly double its fleet between now and 2025, chief executive Tewolde Gebremariam said Monday.
Tewolde, speaking on the sidelines of a global aviation forum in Montreal, said that he is visiting Bombardier's Mirabel factory on Tuesday to review the 100-seater CS100.
.... Read more »
Posted on : Saturday , 28th November 2015
GOVERNMENT HAS EMBARKED ON THE PROCESS OF LICENSING WAREHOUSES ACROSS THE COUNTRY TO IMPROVE QUALITY OF GRAINS ESPECIALLY MAIZE IN UGANDA.
This is according to Silver Ojakol, the commissioner for external trade, ministry of trade. He made the remarks at the launch of a report on maize standards in Kampala.
The development follows reports that Uganda’s maize is failing to penetrate the EAC market due to poor quality.
He said that warehouses .... Read more »
Posted on : Saturday , 28th November 2015
Chief Executive Officer of Swala Oil and Gas Company, Dr David Mestres Ridge, advised the government to fast-track oil and gas exploration in the country. “The government should be sensitive to challenges faced by the exploration and production companies.
“Although the oil and gas sector has had a steady growth over the years, the sector had already spent a fortune in the exploration and therefore, needs some consideration especially in the payment of taxes more s.... Read more »
Posted on : Saturday , 28th November 2015
Lafarge Ready Mix Nigeria Ltd. formalised its partnership with Construction Kaiser Limited at a signing ceremony that took place at The MoorHouse Hotel, Ikoyi, Lagos, Nigeria.
Posted on : Saturday , 28th November 2015
Crowns Paints Kenya Ltd is planning to construct a factory in the Western Kenya that will help reduce cost of transporting paint from its Nairobi plant.
Posted on : Saturday , 28th November 2015
Seychelles has secured US$31mn in funding from Arab Bank for Economic Development in Africa (BADEA) and the Saudi Fund for Development to improve electricity network in the island nation
Posted on : Friday , 27th November 2015
Egypt’s renewable energy sector has a potential opportunity of around US$13bn for private sector financing over the next five years, according to industry reports
Posted on : Friday , 27th November 2015
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